IIB 

116TH CONGRESS 

1ST SESSION H. R. 1404 

IN THE SENATE OF THE UNITED STATES 

MARCH 13, 2019 

Received; read twice and referred to the Select Committee on Intelligence 

AN ACT 

To strengthen the United States response to Russian interference by providing transparency on the corruption of 

Russian President Vladimir Putin. 

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


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1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Vladimir Putin Trans3 parency Act’’. 

4 SEC. 2. FINDINGS. 

5 Congress finds the following: 

6 (1) According an Intelligence Community As7 sessment dated January 6, 2017, ‘‘Russian Presi8 dent Vladimir Putin ordered an influence campaign 

9 in 2016 aimed at the U.S. presidential election. Rus10 sia’s goals were to undermine public faith in the US 

11 democratic process * * * Moscow’s influence cam12 paign followed a Russian messaging strategy that 

13 blends covert intelligence operations—such as cyber 

14 activity—with overt efforts by Russian Government 

15 agencies, state-funded media, third-party inter16 mediaries, and paid social media users or ‘trolls.’ ’’. 

17 (2) According to the Washington Post, official, 

18 public reports from the Russian government put 

19 Putin’s average annual income between 2011 and 

20 2016 at approximately $112,000. But outside ex21 perts nevertheless have alleged that Putin’s true net 

22 worth is in the billions—suggesting his extensive 

23 corruption and connection to money laundering and 

24 other activities undertaken order to enrich Putin un25 justly and to hide his true financial condition from 

26 the public. 


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1 SEC. 3. ASSESSMENT EXPOSING THE CORRUPTION OF 

2 VLADIMIR PUTIN. 

3 (a) SENSE OF CONGRESS.—It is the sense of Con4 gress that the United States should do more to expose the 

5 corruption of Vladimir Putin, whose ill-gotten wealth is 

6 perhaps the most powerful global symbol of his dishonesty 

7 and his persistent efforts to undermine the rule of law and 

8 democracy in the Russian Federation. 

9 (b) ASSESSMENT.—Not later than 180 days after the 

10 date of the enactment of this Act, the Director of National 

11 Intelligence, in coordination with the Secretary of Treas12 ury and the Secretary of State, shall submit to the appro13 priate congressional committees an assessment, based on 

14 all sources of intelligence, on the net worth and financial 

15 and other assets of Russian President Vladimir Putin and 

16 his family members, legitimate as well as illegitimate, in17 cluding— 

18 (1) the estimated net worth of Vladimir Putin 

19 and his family members; 

20 (2) a description of their legitimately and ille21 gitimately obtained assets, including all real, per22 sonal and intellectual property, bank or investment 

23 or similar accounts, and any other financial or busi24 ness interests or holdings, including those outside of 

25 Russia; 


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1 (3) the details of the legitimately and illegit2 imately obtained assets, including real, personal and 

3 intellectual property, bank or investment or similar 

4 accounts, and any other financial or business inter5 ests or holdings, including those outside of Russia, 

6 that are owned or controlled by, accessible to, or 

7 otherwise maintained for the benefit of Vladimir 

8 Putin, including their nature, location, manner of 

9 acquisition, value, and publicly named owner (if 

10 other than Vladimir Putin); 

11 (4) the methods used by Vladimir Putin or oth12 ers acting at his direction, with his knowledge, or for 

13 his benefit, to conceal Putin’s interest in his ac14 counts, holdings, or other assets, including the es15 tablishment of ‘‘front’’ or shell companies and the 

16 use of intermediaries; and 

17 (5) an identification of the most significant sen18 ior Russian political figures, oligarchs, and any other 

19 persons who have engaged in activity intended to 

20 conceal the true financial condition of Vladimir 

21 Putin. 

22 (c) FORM.—The assessment required under sub23 section (b) shall be submitted either— 


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1 (1) in unclassified form to the extent consistent 

2 with the protection of intelligence sources and meth3 ods, and may include a classified annex; or 

4 (2) simultaneously as both an unclassified 

5 version and a classified version. 

6 (d) APPROPRIATE CONGRESSIONAL COMMITTEES

7 DEFINED.—In this section, the term ‘‘appropriate con8 gressional committees’’ means— 

9 (1) the Select Committee on Intelligence, the 

10 Committee on Foreign Relations, the Committee on 

11 Banking, Housing, and Urban Affairs, and the Com12 mittee on Finance of the Senate; and 

13 (2) the Permanent Select Committee on Intel14 ligence, Committee on Foreign Affairs, the Com15 mittee on Financial Services, and the Committee on 

16 Ways and Means of the House of Representatives. 

Passed the House of Representatives March 12, 

2019. 

Attest: CHERYL L. JOHNSON, 

Clerk. 


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