II 

117TH CONGRESS 

2D SESSION S. 5232 

To require the imposition of sanctions with respect to the sale, supply, 

or transfer of gold to or from the Russian Federation. 

IN THE SENATE OF THE UNITED STATES 

DECEMBER 12, 2022 

Mr. CORNYN (for himself and Mr. KING) 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 the 

sale, supply, or transfer of gold to or 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 ‘‘Stop Russian Govern5 ment and Oligarchs from Limiting Democracy Act of 

6 2022’’ or the ‘‘Stop Russian GOLD Act of 2022’’. 


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1 SEC. 2. IMPOSITION OF SANCTIONS WITH RESPECT TO THE 

2 SALE, SUPPLY, OR TRANSFER OF GOLD TO OR 

3 FROM RUSSIA. 

4 (a) IDENTIFICATION.—Not later than 90 days after 

5 the date of the enactment of this Act, and periodically as 

6 necessary thereafter, the President— 

7 (1) shall submit to Congress a report identi8 fying foreign persons that knowingly participated in 

9 a significant transaction— 

10 (A) for the sale, supply, or transfer (in11 cluding transportation) of gold, directly or indi12 rectly, to or from the Russian Federation or the 

13 Government of the Russian Federation, includ14 ing from reserves of the Central Bank of the 

15 Russian Federation held outside the Russian 

16 Federation; or 

17 (B) that otherwise involved gold in which 

18 the Government of the Russian Federation had 

19 any interest; and 

20 (2) shall impose the sanctions described in sub21 section (b)(1) with respect to each such person; and 

22 (3) may impose the sanctions described in sub23 section (b)(2) with respect to any such person that 

24 is an alien. 

25 (b) SANCTIONS DESCRIBED.—The sanctions de26 scribed in this subsection are the following: 


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1 (1) BLOCKING OF PROPERTY.—The exercise of 

2 all powers granted to the President by the Inter3 national Emergency Economic Powers Act (50 

4 U.S.C. 1701 et seq.) to the extent necessary to block 

5 and prohibit all transactions in all property and in6 terests in property of a foreign person identified in 

7 the report required by subsection (a)(1) if such 

8 property and interests in property are in the United 

9 States, come within the United States, or are or 

10 come within the possession or control of a United 

11 States person. 

12 (2) INELIGIBILITY FOR VISAS, ADMISSION, OR

13 PAROLE.— 

14 (A) VISAS, ADMISSION, OR PAROLE.—An 

15 alien described in subsection (a)(1) is— 

16 (i) inadmissible to the United States; 

17 (ii) ineligible to receive a visa or other 

18 documentation to enter the United States; 

19 and 

20 (iii) otherwise ineligible to be admitted 

21 or paroled into the United States or to re22 ceive any other benefit under the Immigra23 tion and Nationality Act (8 U.S.C. 1101 et 

24 seq.). 

25 (B) CURRENT VISAS REVOKED.— 


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1 (i) IN GENERAL.—The issuing con2 sular officer, the Secretary of State, or the 

3 Secretary of Homeland Security (or a des4 ignee of one of such Secretaries) shall, in 

5 accordance with section 221(i) of the Im6 migration and Nationality Act (8 U.S.C. 

7 1201(i)), revoke any visa or other entry 

8 documentation issued to an alien described 

9 in subsection (a)(1). 

10 (ii) IMMEDIATE EFFECT.—The rev11 ocation under clause (i) of a visa or other 

12 entry documentation issued to an alien 

13 shall— 

14 (I) take effect immediately; and 

15 (II) automatically cancel any 

16 other valid visa or entry documenta17 tion that is in the alien’s possession. 

18 (c) IMPLEMENTATION; PENALTIES.— 

19 (1) IMPLEMENTATION.—The President may ex20 ercise all authorities provided under sections 203 

21 and 205 of the International Emergency Economic 

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

23 this section. 

24 (2) PENALTIES.—A person that violates, at25 tempts to violate, conspires to violate, or causes a 


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1 violation of this section or any regulation, license, or 

2 order issued to carry out this section shall be subject 

3 to the penalties set forth in subsections (b) and (c) 

4 of section 206 of the International Emergency Eco5 nomic Powers Act (50 U.S.C. 1705) to the same ex6 tent as a person that commits an unlawful act de7 scribed in subsection (a) of that section. 

8 (d) NATIONAL INTEREST WAIVER.—The President 

9 may waive the imposition of sanctions under this section 

10 with respect to a person if the President— 

11 (1) determines that such a waiver is in the na12 tional interests of the United States; and 

13 (2) submits to Congress a notification of the 

14 waiver and the reasons for the waiver. 

15 (e) TERMINATION.— 

16 (1) IN GENERAL.—Except as provided in para17 graph (2), the requirement to impose sanctions 

18 under this section, and any sanctions imposed under 

19 this section, shall terminate on the earlier of— 

20 (A) the date that is 3 years after the date 

21 of the enactment of this Act; or 

22 (B) the date that is 30 days after the date 

23 on which the President certifies to Congress 

24 that— 


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1 (i) the Government of the Russian 

2 Federation has ceased its destabilizing ac3 tivities with respect to the sovereignty and 

4 territorial integrity of Ukraine; and 

5 (ii) such termination in the national 

6 interests of the United States. 

7 (2) TRANSITION RULES.— 

8 (A) CONTINUATION OF CERTAIN AUTHORI9 TIES.—Any authorities exercised before the ter10 mination date under paragraph (1) to impose 

11 sanctions with respect to a foreign person under 

12 this section may continue to be exercised on 

13 and after that date if the President determines 

14 that the continuation of those authorities is in 

15 the national interests of the United States. 

16 (B) APPLICATION TO ONGOING INVESTIGA17 TIONS.—The termination date under paragraph 

18 (1) shall not apply to any investigation of a civil 

19 or criminal violation of this section or any regu20 lation, license, or order issued to carry out this 

21 section, or the imposition of a civil or criminal 

22 penalty for such a violation, if— 

23 (i) the violation occurred before the 

24 termination date; or 


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1 (ii) the person involved in the viola2 tion continues to be subject to sanctions 

3 pursuant to subparagraph (A). 

4 (f) EXCEPTIONS.— 

5 (1) EXCEPTIONS FOR AUTHORIZED INTEL6 LIGENCE AND LAW ENFORCEMENT AND NATIONAL

7 SECURITY ACTIVITIES.—This section shall not apply 

8 with respect to activities subject to the reporting re9 quirements under title V of the National Security 

10 Act of 1947 (50 U.S.C. 3091 et seq.) or any author11 ized intelligence, law enforcement, or national secu12 rity activities of the United States. 

13 (2) EXCEPTION TO COMPLY WITH INTER14 NATIONAL AGREEMENTS.—Sanctions under sub15 section (b)(2) may not apply with respect to the ad16 mission of an alien to the United States if such ad17 mission is necessary to comply with the obligations 

18 of the United States under the Agreement regarding 

19 the Headquarters of the United Nations, signed at 

20 Lake Success June 26, 1947, and entered into force 

21 November 21, 1947, between the United Nations 

22 and the United States, or the Convention on Con23 sular Relations, done at Vienna April 24, 1963, and 

24 entered into force March 19, 1967, or other inter25 national obligations. 


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1 (3) HUMANITARIAN EXEMPTION.—The Presi2 dent shall not impose sanctions under this section 

3 with respect to any person for conducting or facili4 tating a transaction for the sale of agricultural com5 modities, food, medicine, or medical devices or for 

6 the provision of humanitarian assistance. 

7 (4) EXCEPTION RELATING TO IMPORTATION OF

8 GOODS.— 

9 (A) IN GENERAL.—The requirement or au10 thority to impose sanctions under this section 

11 shall not include the authority or a requirement 

12 to impose sanctions on the importation of 

13 goods. 

14 (B) GOOD DEFINED.—In this paragraph, 

15 the term ‘‘good’’ means any article, natural or 

16 manmade substance, material, supply, or manu17 factured product, including inspection and test 

18 equipment, and excluding technical data. 

19 (g) DEFINITIONS.—In this section: 

20 (1) The terms ‘‘admission’’, ‘‘admitted’’, 

21 ‘‘alien’’, and ‘‘lawfully admitted for permanent resi22 dence’’ have the meanings given those terms in sec23 tion 101 of the Immigration and Nationality Act (8 

24 U.S.C. 1101). 


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1 (2) The term ‘‘foreign person’’ means an indi2 vidual or entity that is not a United States person. 

3 (3) The term ‘‘knowingly’’, with respect to con4 duct, a circumstance, or a result, means that a per5 son has actual knowledge, or should have known, of 

6 the conduct, the circumstance, or the result. 

7 (4) The term ‘‘United States person’’ means— 

8 (A) a United States citizen or an alien law9 fully admitted for permanent residence to the 

10 United States; 

11 (B) an entity organized under the laws of 

12 the United States or any jurisdiction within the 

13 United States, including a foreign branch of 

14 such an entity; or 

15 (C) any person in the United States. 

Æ 


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