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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 2848 Introduced in Senate (IS)]

<DOC>

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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Halting Enrichment of Russian 
Oligarchs and Industry Allies of Moscow's Schemes to Leverage its 
Abject Villainy Abroad Act of 2023'' or the ``HEROIAM SLAVA Act of 
2023''.

SEC. 2. BLOCKING OF PROPERTY OF RUSSIAN STATE-OWNED ENTITIES.

    (a) In General.--On and after the date that is 60 days after the 
date of the enactment of this Act, the President shall exercise all of 
the powers granted to the President under the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent necessary to 
block and prohibit all transactions in property and interests in 
property of any entity the President determines is owned or controlled 
by the Government of the Russian Federation if such property and 
interests in property are in the United States, come within the United 
States, or are or come within the possession or control of a United 
States person.
    (b) Implementation; Penalties.--
            (1) Implementation.--The President may exercise all 
        authorities provided under sections 203 and 205 of the 
        International Emergency Economic Powers Act (50 U.S.C. 1702 and 
        1704) to carry out this section.
            (2) Penalties.--A person that violates, attempts to 
        violate, conspires to violate, or causes a violation of this 
        section or any regulation, license, or order issued to carry 
        out this section shall be subject to the penalties set forth in 
        subsections (b) and (c) of section 206 of the International 
        Emergency Economic Powers Act (50 U.S.C. 1705) to the same 
        extent as a person that commits an unlawful act described in 
        subsection (a) of that section.
    (c) Exception Relating to Importation of Goods.--
            (1) In general.--The requirement to block and prohibit all 
        transactions in all property and interests in property under 
        subsection (a) shall not include the authority or a requirement 
        to impose sanctions on the importation of goods.
            (2) Good.--In this subsection, the term ``good'' means any 
        article, natural or man-made substance, material, supply or 
        manufactured product, including inspection and test equipment, 
        and excluding technical data.
    (d) United States Person Defined.--In this section, the term 
``United States person'' means--
            (1) an individual who is a United States citizen or an 
        alien lawfully admitted for permanent residence to the United 
        States;
            (2) an entity organized under the laws of the United States 
        or any jurisdiction within the United States, including a 
        foreign branch of such an entity; or
            (3) any person in the United States.
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