II 

118TH CONGRESS 

1ST SESSION S. 2848 

To block the property of Russian state-owned entities. 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 19, 2023 

Mr. RUBIO (for himself, Mr. GRASSLEY, and Mr. SCOTT of Florida) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 

A BILL 

To block the property of Russian state-owned entities. 

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 ‘‘Halting Enrichment 

5 of Russian Oligarchs and Industry Allies of Moscow’s 

6 Schemes to Leverage its Abject Villainy Abroad Act of 

7 2023’’ or the ‘‘HEROIAM SLAVA Act of 2023’’. 

8 SEC. 2. BLOCKING OF PROPERTY OF RUSSIAN STATE9 OWNED ENTITIES. 

10 (a) IN GENERAL.—On and after the date that is 60 

11 days after the date of the enactment of this Act, the PresiVerDate Sep 11 2014 23:53 Sep 23, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S2848.IS S2848

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•S 2848 IS

1 dent shall exercise all of the powers granted to the Presi2 dent under the International Emergency Economic Powers 

3 Act (50 U.S.C. 1701 et seq.) to the extent necessary to 

4 block and prohibit all transactions in property and inter5 ests in property of any entity the President determines 

6 is owned or controlled by the Government of the Russian 

7 Federation if such property and interests in property are 

8 in the United States, come within the United States, or 

9 are or come within the possession or control of a United 

10 States person. 

11 (b) IMPLEMENTATION; PENALTIES.— 

12 (1) IMPLEMENTATION.—The President may ex13 ercise all authorities provided under sections 203 

14 and 205 of the International Emergency Economic 

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

16 this section. 

17 (2) PENALTIES.—A person that violates, at18 tempts to violate, conspires to violate, or causes a 

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

20 order issued to carry out this section shall be subject 

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

22 of section 206 of the International Emergency Eco23 nomic Powers Act (50 U.S.C. 1705) to the same ex24 tent as a person that commits an unlawful act de25 scribed in subsection (a) of that section. 


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1 (c) EXCEPTION RELATING TO IMPORTATION OF

2 GOODS.— 

3 (1) IN GENERAL.—The requirement to block 

4 and prohibit all transactions in all property and in5 terests in property under subsection (a) shall not in6 clude the authority or a requirement to impose sanc7 tions on the importation of goods. 

8 (2) GOOD.—In this subsection, the term ‘‘good’’ 

9 means any article, natural or man-made substance, 

10 material, supply or manufactured product, including 

11 inspection and test equipment, and excluding tech12 nical data. 

13 (d) UNITED STATES PERSON DEFINED.—In this sec14 tion, the term ‘‘United States person’’ means— 

15 (1) an individual who is a United States citizen 

16 or an alien lawfully admitted for permanent resi17 dence to the United States; 

18 (2) an entity organized under the laws of the 

19 United States or any jurisdiction within the United 

20 States, including a foreign branch of such an entity; 

21 or 

22 (3) any person in the United States. 

Æ 


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