that the President determines is a corporate officer 
or principal of, or a shareholder with a controlling 
interest in, the sanctioned person. 
(12) SANCTIONS ON PRINCIPAL EXECUTIVE OF-
FICERS.—The President may impose on the prin-
cipal executive officer or officers of the sanctioned 
person, or on persons performing similar functions 
and with similar authorities as such officer or offi-
cers, any of the sanctions under this subsection. 
(b) SANCTIONED PERSON DEFINED.—In this section, 
the term ‘‘sanctioned person’’ means a person subject to 
sanctions under this title (other than section 212). 
SEC. 214. EXEMPTIONS, WAIVERS, AND RULEMAKING. 
(a) EXEMPTIONS.—The following activities shall be 
exempt from sanctions under this title: 
(1) Activities subject to the reporting require-
ments under title V of the National Security Act of 
1947 (50 U.S.C. 3091 et seq.), or any authorized in-
telligence activities of the United States. 
(2) The admission of an alien to the United 
States if such admission is necessary to comply with 
United States obligations under the Agreement be-
tween the United Nations and the United States of 
America regarding the Headquarters of the United 
Nations, signed at Lake Success June 26, 1947, and 
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entered into force November 21, 1947, under the 
Convention on Consular Relations, done at Vienna 
April 24, 1963, and entered into force March 19, 
1967, or under other international agreements. 
(b) EXCEPTION RELATING
TO IMPORTATION
OF 
GOODS.—The requirement to impose sanctions under this 
title shall not include the authority to impose sanctions 
on the importation of goods. 
(c) WAIVER.—The President may waive the applica-
tion of sanctions under section 207, 208, 209, 210, or 211 
if the President submits to the appropriate congressional 
committees— 
(1) a written determination that the waiver— 
(A) is vital to the national security inter-
ests of the United States; or 
(B) will further the enforcement of this 
title; and 
(2) before issuing the waiver, a certification 
that the Government of the Russian Federation is 
taking steps to implement the Minsk Agreements 
and to substantially decrease its military activities in 
Syria. 
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SEC. 215. INCLUSION OF ALL FUNDS IN RECORDS OF CER-
TAIN TRANSACTIONS. 
(a) IN GENERAL.—Section 5326 of title 31, United 
States Code, is amended— 
(1) in the section heading, by striking ‘‘coin 
and currency’’; 
(2) in subsection (a)— 
(A) in the matter preceding paragraph (1), 
by striking ‘‘subtitle and’’ and inserting ‘‘sub-
title or to’’; and 
(B) in paragraph (1)(A), by striking 
‘‘United States coins or currency (or such other 
monetary instruments as the Secretary may de-
scribe in such order)’’ and inserting ‘‘funds (as 
the Secretary may describe in such order),’’; 
and 
(3) in subsection (b)— 
(A) in paragraph (1)(A), by striking ‘‘coins 
or currency (or monetary instruments)’’ and in-
serting ‘‘funds’’; and 
(B) in paragraph (2), by striking ‘‘coins or 
currency (or such other monetary instruments 
as the Secretary may describe in the regulation 
or order)’’ and inserting ‘‘funds (as the Sec-
retary may describe in the regulation or 
order)’’. 
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(b) CLERICAL AMENDMENT.—The table of sections 
for chapter 53 of title 31, United States Code, is amended 
by striking the item relating to section 5326 and inserting 
the following: 
‘‘5326. Records of certain domestic transactions.’’. 
SEC. 216. TERMINATION. 
Sanctions imposed under this title shall terminate on 
the date on which the President submits to the appro-
priate congressional committees a certification that the 
Government of the Russian Federation has— 
(1) ceased ordering, controlling, or otherwise di-
recting, supporting, or financing, significant acts in-
tended to undermine the peace, security, stability, 
sovereignty, or territorial integrity of Ukraine, in-
cluding through an agreement between the appro-
priate parties; and 
(2) halted military operations in Syria. 
SEC. 217. RULE OF CONSTRUCTION. 
Nothing in this title may be construed to limit the 
authority of the President to designate or sanction persons 
pursuant to an applicable Executive order or otherwise 
pursuant to the International Emergency Economic Pow-
ers Act (50 U.S.C. 1701 et seq.). 
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TITLE III—EUROPE AND EUR-
ASIA DEMOCRACY AND ANTI- 
CORRUPTION INITIATIVE 
SEC. 301. SHORT TITLE. 
The title may be cited as the ‘‘Europe and Eurasia 
Democracy and Anti-Corruption Initiative Act of 2017’’. 
SEC. 302. FINDINGS. 
Congress makes the following findings: 
(1) The Government of the Russian Federation 
has sought to exert influence throughout Europe and 
Eurasia, including in the former states of the Soviet 
Union, by overtly and covertly providing resources to 
political parties, think tanks, and civil society groups 
that sow distrust in democratic institutions and ac-
tors, promote xenophobic and illiberal views, and 
otherwise undermine European unity. The Govern-
ment of the Russian Federation has also engaged in 
well-documented corruption practices as a means to-
ward undermining and buying influence in those Eu-
ropean countries. 
(2) The Government of the Russian Federation 
has largely eliminated a once vibrant Russian-lan-
guage independent media sector, and severely cur-
tails free and independent media within the borders 
of the Russian Federation. State-funded and con-
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trolled Russian-language media disseminated within 
and outside of the Russian Federation routinely 
traffic 
in 
anti-Western 
falsehoods 
and 
disinformation, while few independent, fact-based 
media sources provide objective reporting for Rus-
sian-speaking audiences inside or outside of the Rus-
sian Federation. 
(3) Multinational corporations headquartered in 
the United States and European countries, and their 
subsidiaries and local franchisees, advertise on 
media outlets controlled and funded by the Govern-
ment of the Russian Federation and are known to 
routinely traffic in anti-Western falsehoods and 
disinformation. 
(4) Acting Undersecretary of the Treasury for 
Terrorism and Financial Crimes Adam Szubin stat-
ed on January 25, 2016, regarding Vladimir Putin, 
‘‘We’ve seen him enriching his friends, his close al-
lies, and marginalizing those who he doesn’t view as 
friends using state assets. Whether that’s Russia’s 
energy wealth, whether it’s other state contracts, he 
directs those to whom he believes will serve him and 
excludes those who don’t.’’. 
(5) Many of President Putin’s inner circle and 
their families hold investments in the West, includ-
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ing in the United States, use the United States fi-
nancial system, and enjoy freedom of movement in 
the United States and around the world. 
SEC. 303. SENSE OF CONGRESS. 
It is the sense of Congress that— 
(1) the countries of Europe and Eurasia should 
redouble efforts to build resilience within their polit-
ical systems and civil society to counter efforts of 
the Government of the Russian Federation to exert 
malign influence and undermine democratic institu-
tions; 
(2) misinformation generated by the Russian 
Federation, which is distributed in a variety of lan-
guages and through overt and covert channels, in-
cluding traditional as well as social media, is pol-
luting the information space, drowning out com-
peting information, fanning pre-existing social, eco-
nomic, and political tensions, promoting conspir-
acies, and confusing and distracting its audiences; 
(3) the United States should identify areas of 
cooperation with countries throughout the region 
that 
are 
vulnerable 
to 
Russian 
aggression, 
disinformation, and hybrid warfare; 
(4) the United States should encourage the es-
tablishment of a commission for media freedom 
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within the Council of Europe, modeled on the Venice 
Commission regarding rule of law issues, that would 
be chartered to provide governments with expert rec-
ommendations on maintaining legal and regulatory 
regimes supportive of free and independent media 
and an informed citizenry able to distinguish be-
tween 
fact-based 
reporting, 
opinion, 
and 
disinformation; 
(5) the United States should encourage mem-
bers of the North Atlantic Treaty Organization (in 
this section referred to as ‘‘NATO’’) at the 2017 
NATO Summit to prioritize the development of a 
program within the NATO alliance to improve intel-
ligence cooperation among member states to combat 
corruption efforts in Europe by the Russian Federa-
tion, including the use by the Government of the 
Russian Federation of corruption to pressure the 
countries of Central and Eastern Europe to abandon 
democratic institutions; 
(6) the United States should— 
(A) encourage full compliance with the 
Convention on Combating Bribery of Foreign 
Public Officials in International Business 
Transactions (commonly referred to as the 
‘‘Anti-Bribery Convention’’) of the Organization 
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for Economic Co-operation and Development 
(in this section referred to as the ‘‘OECD’’); 
(B) promote accession beyond the current 
40 state parties to the Convention; and 
(C) require robust implementation from 
those countries, like the Russian Federation, 
that seek to join the OECD; 
(7) it is vital to protect the integrity of the 
United States financial system from being used to 
shield illicit financial activity by officials of the Rus-
sian Federation and individuals in President Vladi-
mir Putin’s inner circle who have been enriched 
through corruption; 
(8) the United States should investigate and 
prosecute cases of corruption by Russian actors that 
use the United States financial system to shield il-
licit gains and support the efforts of allies of the 
United States to do the same; 
(9) the production and exportation from the 
Russian Federation of conventional energy provides 
a stable and abundant source of revenue for the 
Russian Federation to undermine democratic institu-
tions in Ukraine and elsewhere in Central and East-
ern Europe; and 
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(10) the President of the United States should 
actively use the authorizations under the Sergei 
Magnitsky Rule of Law Accountability Act of 2012 
(22 U.S.C. 5811 note) to sanction those responsible 
for Mr. Magnitsky’s death and the officials of the 
Russian Federation found complicit in gross viola-
tions of human rights. 
SEC. 304. REPORT ON ADVERTISING ON MEDIA OUTLETS 
CONTROLLED AND FUNDED BY THE GOVERN-
MENT OF THE RUSSIAN FEDERATION. 
Not later than 90 days after the date of the enact-
ment of this Act, and annually thereafter, the Secretary 
of State shall submit to the appropriate congressional 
committees a report describing in detail media outlets con-
trolled and funded by the Government of the Russian Fed-
eration that includes a description of— 
(1) media outlets that— 
(A) are controlled and funded by the Gov-
ernment of the Russian Federation, and any af-
filiated entities, whether operating within or 
outside the Russian Federation, including 
broadcast and satellite-based television, radio, 
Internet, and print media entities; and 
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(B) the Secretary determines routinely 
propagate 
anti-Western 
falsehoods 
and 
disinformation; and 
(2) multinational corporations headquartered in 
the United States, and subsidiaries and local 
franchisees of such corporations, that advertise on 
one or more media outlets identified on the list re-
quired by paragraph (1). 
SEC. 305. EUROPE AND EURASIA DEMOCRACY AND ANTI- 
CORRUPTION FUND. 
(a) ESTABLISHMENT.—There is established in the 
Treasury of the United States a fund, to be known as the 
‘‘Europe and Eurasia Democracy and Anti-Corruption 
Fund’’. 
(b) AVAILABILITY OF AMOUNTS.—Amounts in the 
Europe and Eurasia Democracy and Anti-Corruption 
Fund shall be available to the Secretary of State, as pro-
vided in appropriation Acts, to support bilateral and re-
gional efforts in Europe and Eurasia to— 
(1) improve democratic governance, trans-
parency, accountability, rule of law, and combat cor-
ruption, including by strengthening democratic civil 
society and political parties, and independent and 
nonpartisan think tanks; 
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