Georgian Fair Business Practices Sanctions Act of 2017

To impose sanctions with respect to the Government of Georgia if the President determines that the Government of Georgia is taking actions to undermine commitments or contractual agreements with United States persons engaging in business operations in the country of Georgia, and for other purposes. 1. Short title This Act may be cited as the Georgian Fair Business Practices Sanctions Act of 2017 2. Report on actions of the Government of Georgia to undermine commitments or contractual agreements made with United States persons engaging in business operations in the country of Georgia (a) In general Not later than 90 days after the date of the enactment of this Act, and not less frequently than once every 180 days thereafter, the President shall submit to the appropriate congressional committees a report that— (1) includes a determination of the President of whether or not the Government of Georgia is taking actions to undermine the commitments or contractual agreements made with United States persons engaging in business operations in the country of Georgia; and (2) identifies foreign persons who are current or former officials of the Government of Georgia who are responsible for any actions described in paragraph (1). (b) Information The report required under subsection (a) shall include— (1) a summary of United States Government and nongovernment investment in Georgia; and (2) an assessment of the impact of actions described in subsection (a)(1) on the future of United States investment in Georgia. (c) Form The report required under subsection (a) shall be submitted in unclassified form but may include a classified annex. 3. Imposition of sanctions with respect to the Government of Georgia and responsible officials of the Government of Georgia (a) In general If the President submits to the appropriate congressional committees a report under section 2 that contains an affirmative determination of the President as described in subsection (a)(1) of such section— (1) the President shall impose the sanctions described in subsection (b) with respect to the Government of Georgia; and (2) the President shall impose the sanctions described in subsection (c) with respect to current or former officials of the Government of Georgia who are identified in subsection (a)(2) of such section. (b) Sanctions with respect to Government of Georgia described The sanctions described in this subsection are the following: (1) No loan, credit guarantee, insurance, financing, or other similar financial assistance be extended by any agency of the Government of the United States (including the Export-Import Bank of the United States or the Overseas Private Investment Corporation) to the Government of Georgia, except with respect to the provision of humanitarian goods and agricultural or medical products. (2) No funds available to the Trade and Development Agency should be available for activities of the Agency in or for Georgia. (c) Sanctions with respect to responsible officials described (1) In general The sanctions described in this subsection are the following: (A) Asset blocking The exercise of all powers granted to the President by the International Emergency Economic Powers Act ( 50 U.S.C. 1701 50 U.S.C. 1701 (B) Aliens ineligible for visas, admission, or parole (i) Visas, admission, or parole An alien who is subject to subsection (a)(2) is— (I) inadmissible to the United States; (II) ineligible to receive a visa or other documentation to enter the United States; and (III) otherwise ineligible to be admitted or paroled into the United States or to receive any other benefit under the Immigration and Nationality Act ( 8 U.S.C. 1101 (ii) Current visas revoked (I) In general The issuing consular officer, the Secretary of State, or the Secretary of Homeland Security shall revoke any visa or other entry documentation issued to an alien who is subject to subsection (a)(2), regardless of when issued. (II) Effect of revocation A revocation under subclause (I) shall take effect immediately and shall automatically cancel any other valid visa or entry documentation that is in the possession of the alien. (2) Penalties The penalties provided for in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 4. Termination of sanctions The sanctions described in section 3 shall cease to have effect beginning on the day after the date on which the President submits to the appropriate congressional committees a report under section 2 that contains a negative determination of the President as described in subsection (a)(1) of such section. 5. Definitions In this Act: (1) Admitted; alien The terms admitted alien 8 U.S.C. 1101 (2) Appropriate congressional committees The term appropriate congressional committees (A) the Committee on Foreign Affairs, the Committee on Armed Services, the Committee on Homeland Security, the Committee on Financial Services, and the Committee on Ways and Means of the House of Representatives; and (B) the Committee on Foreign Relations, the Committee on Armed Services, the Committee on Homeland Security and Governmental Affairs, and the Committee on Banking, Housing, and Urban Affairs of the Senate. (3) Entity The term entity (A) means a partnership, association, corporation, or other organization, group, or subgroup; and (B) includes a governmental entity. (4) Person The term person (5) United States person The term United States person

Summary: Georgian Fair Business Practices Sanctions Act of 2017 This bill directs the President to periodically submit to Congress a report: (1) determining whether or not the government of Georgia is undermining commitments or contractual agreements made with U.S. business persons operating in Georgia, and (2) identifying current or former Georgian officials who are responsible for such actions. The report shall include a summary of U.S. government and nongovernment investment in Georgia. If the President determines that Georgia has committed such actions, the President shall impose financial and trade assistance sanctions on the government of Georgia and visa and property blocking sanctions on identified officials.