II 

117TH CONGRESS 

2D SESSION S. 5058 

To require the imposition of sanctions with respect to purchases of crude 

oil from the Russian Federation. 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 29, 2022 

Mr. CASSIDY introduced the following bill; which was read twice and referred 

to the Committee on Banking, Housing, and Urban Affairs 

A BILL 

To require the imposition of sanctions with respect to 

purchases of crude oil from the Russian Federation. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Breaking Russia’s En5 ergy Addicted Kleptocracy and Punishing Uncivil Tyrant 

6 Invading Neighbor Act of 2022’’ or the ‘‘BREAK PUTIN 

7 Act of 2022’’. 


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1 SEC. 2. IMPOSITION OF SANCTIONS WITH RESPECT TO PUR2 CHASES OF CRUDE OIL FROM RUSSIAN FED3 ERATION. 

4 (a) PURCHASES OF CRUDE OIL FROM RUSSIAN FED5 ERATION.— 

6 (1) LIST REQUIRED.—Not later than 60 days 

7 after the date of the enactment of this Act, and 

8 every 30 days thereafter, the President shall submit 

9 to Congress a list of foreign persons the President 

10 determines knowingly purchase, on or after the date 

11 that is 30 days after the date of the enactment of 

12 this Act, crude oil produced in the Russian Federa13 tion. 

14 (2) IMPOSITION OF SANCTIONS.—The President 

15 shall, pursuant to the International Emergency Eco16 nomic Powers Act (50 U.S.C. 1701 et seq.), block 

17 and prohibit all transactions in all property and in18 terests in property of a foreign person on the list re19 quired by paragraph (1) if such property and inter20 ests in property are in the United States, come with21 in the United States, or are or come within the pos22 session or control of a United States person. 

23 (b) FACILITATION OF PURCHASES OF CRUDE OIL

24 FROM RUSSIAN FEDERATION.— 

25 (1) LIST REQUIRED.—Not later than 60 days 

26 after the date of the enactment of this Act, and 


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1 every 30 days thereafter, the President shall submit 

2 to Congress a list of foreign financial institutions, 

3 insurance companies, brokering services, inter4 national trading houses, port operators, and ship5 ping companies that the President determines have 

6 knowingly, on or after the date that is 30 days after 

7 the date of the enactment of this Act, facilitated any 

8 significant financial transaction for the purchase of 

9 crude oil produced in the Russian Federation. 

10 (2) IMPOSITION OF SANCTIONS.—The President 

11 shall, pursuant to the International Emergency Eco12 nomic Powers Act (50 U.S.C. 1701 et seq.), block 

13 and prohibit all transactions in all property and in14 terests in property of an entity on the list required 

15 by paragraph (1) if such property and interests in 

16 property are in the United States, come within the 

17 United States, or are or come within the possession 

18 or control of a United States person. 

19 (3) EXCEPTION FOR CRUDE OIL PURCHASES

20 COMPLYING WITH CERTAIN CONDITIONS.— 

21 (A) REPORT REQUIRED.—Not later than 

22 30 days after the date of the enactment of this 

23 Act, and every 60 days thereafter, the Adminis24 trator of the Energy Information Administra25 tion, in consultation with the Secretary of the 


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1 Treasury, the Secretary of State, and the Di2 rector of National Intelligence, shall submit to 

3 Congress a report on the average marginal cost 

4 of production of crude oil throughout the Rus5 sian Federation during the 60-day period pre6 ceding the submission of the report. 

7 (B) ESTABLISHMENT OF PRICE CAP RUS8 SIAN CRUDE OIL.—Not later than 30 days after 

9 the date of the enactment of this Act, and every 

10 60 days thereafter, the President shall establish 

11 a price cap for crude oil produced in the Rus12 sian Federation, which shall be not more than 

13 15 percent more than the average marginal cost 

14 of production of crude oil throughout the Rus15 sian Federation, as set forth in the most recent 

16 report submitted under subparagraph (A). 

17 (C) EXCEPTION.—Sanctions imposed pur18 suant to paragraph (2) shall not apply with re19 spect to a foreign financial institution for facili20 tating a financial transaction for the purchase 

21 of crude oil from the Russian Federation if— 

22 (i) the purchase price of the crude oil 

23 does not exceed the most recent price cap 

24 determined under subparagraph (B); 


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1 (ii) the funds used to purchase the 

2 crude oil are deposited into an account 

3 managed by the Secretary of the Treasury; 

4 and 

5 (iii) funds in the account are available 

6 to the Russian Federation only for pur7 chases of non-luxury consumers goods, in8 cluding food, medicine, and medical de9 vices, the purchase of which is not subject 

10 to sanctions imposed by the United States. 

11 (D) RELEASE OF FUNDS IN ACCOUNT.— 

12 Funds in the account described in subpara13 graph (C)(ii) may be repatriated to the Russian 

14 Federation only if, at a minimum, the following 

15 conditions are met: 

16 (i) The Russian Federation signs a 

17 peace agreement with Ukraine. 

18 (ii) The Russian Federation with19 draws all Armed Forces of the Russian 

20 Federation from both land and seaports in 

21 Ukraine, including Crimea. 

22 (iii) The Organization for Security 

23 and Co-operation in Europe verifies that 

24 all such forces have been withdrawn. 


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1 (iv) The President determines that 

2 such funds will not be used for purposes of 

3 harming the United States or other coun4 tries. 

5 (4) WAIVER.—The President may waive the im6 position of sanctions under paragraph (2) for a pe7 riod of not more than 120 days, and may renew that 

8 waiver for additional periods of not more than 120 

9 days, if the President— 

10 (A) determines that such a waiver is in the 

11 national interest of the United States; and 

12 (B) submits to Congress a report— 

13 (i) providing a justification for the 

14 waiver; and 

15 (ii) that includes any concrete co16 operation the President has received or ex17 pects to receive as a result of the waiver. 

18 (c) TASK FORCE.— 

19 (1) IN GENERAL.—Not later than 30 days after 

20 the date of the enactment of this Act, the President 

21 shall establish an interagency task force, which shall 

22 be responsible for— 

23 (A) combating illicit trade by the Russian 

24 Federation to evade sanctions imposed under 

25 subsections (a) and (b) using foreign financial 


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1 institutions, insurance companies, brokering 

2 services, international trading houses, port op3 erators, and shipping companies; and 

4 (B) rapidly declassifying intelligence and 

5 issuing de ́marches to foreign governments and 

6 entities involved in purchases of crude oil from 

7 the Russian Federation subject to such sanc8 tions. 

9 (2) COMPOSITION.—The task force established 

10 under paragraph (1) shall, at a minimum, include 

11 representatives of the following: 

12 (A) The Department of State. 

13 (B) The Department of Energy. 

14 (C) The Department of Commerce. 

15 (D) The Department of Homeland Secu16 rity. 

17 (E) The Department of the Treasury. 

18 (F) The intelligence community (as defined 

19 in section 3(4) of the National Security Act of 

20 1947 (50 U.S.C. 3003(4))). 

21 (3) USE OF SATELLITE DATA MAPPING RADIO

22 FREQUENCY EMISSIONS.—The task force established 

23 under paragraph (1) shall, to the extent practicable, 

24 make use of commercial space-based radio frequency 

25 data— 


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1 (A) to map radio frequency emissions in 

2 maritime areas of interest; 

3 (B) to identify vessels not transmitting 

4 Automated Identification System information; 

5 and 

6 (C) to geolocate vessels involved in efforts 

7 to evade sanctions imposed under subsection (a) 

8 or (b). 

9 (4) ACCESS TO, USE OF, AND HANDLING OF IN10 FORMATION OF OTHER FEDERAL AGENCIES.—In 

11 carrying out activities under paragraph (1), the task 

12 force established under paragraph (1) shall, to the 

13 extent practicable, be provided with access to all re14 ports or other information of any Federal agency 

15 that the task force determines necessary to carry out 

16 those activities— 

17 (A) upon written request to the agency in 

18 possession of the information; 

19 (B) subject to limitations under applicable 

20 provisions of law; 

21 (C) consistent with the protection of 

22 sources and methods, law enforcement stric23 tures, protection of proprietary information of 

24 businesses, and protection of personally identifi25 able information; and 


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1 (D) subject to all restrictions required by 

2 the source of the information. 

3 (d) INCREASE IN UNITED STATES CRUDE OIL PRO4 DUCTION AND REFINING CAPACITY.—The President 

5 shall— 

6 (1) take all necessary steps to increase the pro7 duction and refining of crude oil in the United 

8 States; and 

9 (2) conduct outreach to Canada and Mexico to 

10 encourage those countries to increase their produc11 tion of crude oil— 

12 (A) to ensure there is a sufficient supply of 

13 crude oil from countries other than the Russian 

14 Federation; and 

15 (B) to minimize any impact on the price of 

16 crude oil resulting from the imposition of sanc17 tions under this section. 

18 (e) FORM OF REPORTS.—Each report submitted 

19 under this section shall be submitted in unclassified form, 

20 but may contain a classified annex. 

21 (f) IMPLEMENTATION; PENALTIES.— 

22 (1) IMPLEMENTATION.—The President may ex23 ercise all authorities provided under sections 203 

24 and 205 of the International Emergency Economic 


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1 Powers Act (50 U.S.C. 1702 and 1704) to carry out 

2 this section. 

3 (2) PENALTIES.—The penalties provided for in 

4 subsections (b) and (c) of section 206 of the Inter5 national Emergency Economic Powers Act (50 

6 U.S.C. 1705) shall apply to a person that violates, 

7 attempts to violate, conspires to violate, or causes a 

8 violation of this section or a license, order, regula9 tion, or prohibition issued under this section to the 

10 same extent that such penalties apply to a person 

11 that commits an unlawful act described in section 

12 206(a) of that Act. 

13 (g) DEFINITIONS.—In this section: 

14 (1) FOREIGN FINANCIAL INSTITUTION.—The 

15 term ‘‘foreign financial institution’’ has the meaning 

16 of that term as determined by the Secretary of the 

17 Treasury in regulations. 

18 (2) FOREIGN PERSON.—The term ‘‘foreign per19 son’’ means an individual or entity that is not a 

20 United States person. 

21 (3) UNITED STATES PERSON.—The term 

22 ‘‘United States person’’ means— 

23 (A) an individual who is a United States 

24 citizen or an alien lawfully admitted for perma25 nent residence to the United States; 


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1 (B) an entity organized under the laws of 

2 the United States or any jurisdiction within the 

3 United States, including a foreign branch of 

4 such an entity; or 

5 (C) any person in the United States. 

Æ 


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