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[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1404 Referred in Senate (RFS)]

<DOC>
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.

    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 ``Vladimir Putin Transparency Act''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) According an Intelligence Community Assessment dated 
        January 6, 2017, ``Russian President Vladimir Putin ordered an 
        influence campaign in 2016 aimed at the U.S. presidential 
        election. Russia's goals were to undermine public faith in the 
        US democratic process * * * Moscow's influence campaign 
        followed a Russian messaging strategy that blends covert 
        intelligence operations--such as cyber activity--with overt 
        efforts by Russian Government agencies, state-funded media, 
        third-party intermediaries, and paid social media users or 
        `trolls.'''.
            (2) According to the Washington Post, official, public 
        reports from the Russian government put Putin's average annual 
        income between 2011 and 2016 at approximately $112,000. But 
        outside experts nevertheless have alleged that Putin's true net 
        worth is in the billions--suggesting his extensive corruption 
        and connection to money laundering and other activities 
        undertaken order to enrich Putin unjustly and to hide his true 
        financial condition from the public.

SEC. 3. ASSESSMENT EXPOSING THE CORRUPTION OF VLADIMIR PUTIN.

    (a) Sense of Congress.--It is the sense of Congress that the United 
States should do more to expose the corruption of Vladimir Putin, whose 
ill-gotten wealth is perhaps the most powerful global symbol of his 
dishonesty and his persistent efforts to undermine the rule of law and 
democracy in the Russian Federation.
    (b) Assessment.--Not later than 180 days after the date of the 
enactment of this Act, the Director of National Intelligence, in 
coordination with the Secretary of Treasury and the Secretary of State, 
shall submit to the appropriate congressional committees an assessment, 
based on all sources of intelligence, on the net worth and financial 
and other assets of Russian President Vladimir Putin and his family 
members, legitimate as well as illegitimate, including--
            (1) the estimated net worth of Vladimir Putin and his 
        family members;
            (2) a description of their legitimately and illegitimately 
        obtained assets, including all real, personal and intellectual 
        property, bank or investment or similar accounts, and any other 
        financial or business interests or holdings, including those 
        outside of Russia;
            (3) the details of the legitimately and illegitimately 
        obtained assets, including real, personal and intellectual 
        property, bank or investment or similar accounts, and any other 
        financial or business interests or holdings, including those 
        outside of Russia, that are owned or controlled by, accessible 
        to, or otherwise maintained for the benefit of Vladimir Putin, 
        including their nature, location, manner of acquisition, value, 
        and publicly named owner (if other than Vladimir Putin);
            (4) the methods used by Vladimir Putin or others acting at 
        his direction, with his knowledge, or for his benefit, to 
        conceal Putin's interest in his accounts, holdings, or other 
        assets, including the establishment of ``front'' or shell 
        companies and the use of intermediaries; and
            (5) an identification of the most significant senior 
        Russian political figures, oligarchs, and any other persons who 
        have engaged in activity intended to conceal the true financial 
        condition of Vladimir Putin.
    (c) Form.--The assessment required under subsection (b) shall be 
submitted either--
            (1) in unclassified form to the extent consistent with the 
        protection of intelligence sources and methods, and may include 
        a classified annex; or
            (2) simultaneously as both an unclassified version and a 
        classified version.
    (d) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Select Committee on Intelligence, the Committee on 
        Foreign Relations, the Committee on Banking, Housing, and Urban 
        Affairs, and the Committee on Finance of the Senate; and
            (2) the Permanent Select Committee on Intelligence, 
        Committee on Foreign Affairs, the Committee on Financial 
        Services, and the Committee on Ways and Means of the House of 
        Representatives.

            Passed the House of Representatives March 12, 2019.

            Attest:

                                             CHERYL L. JOHNSON,

                                                                 Clerk.
```