117 
is more than 33-percent owned or controlled by the 
Government of the Russian Federation, a Russian 
state-owned enterprise, or an individual on the list 
described in section 324; 
(2) for each filing that meets the requirements 
of paragraph (1)— 
(A) list the name of the agent of the for-
eign principal filing the disclosure and the for-
eign principal or project on whose behalf the 
agent is filing; and 
(B) describe the nexus between the foreign 
principal listed in the registration and the com-
pany or economic project that is based in the 
Russian Federation or more than 33-percent 
owned or controlled by the Government of the 
Russian Federation, Russian state-owned enter-
prise, or an individual described in section 324; 
(3) include a list of all enforcement actions 
taken under the Foreign Agents Registration Act of 
1938, as amended (22 U.S.C. 611 et seq.), or the 
Lobbying Disclosure Act of 1995 (2 U.S.C. 1601 et 
seq.) during the applicable reporting period de-
scribed in subsection (c) against an agent of a for-
eign principal that is based in the Russian Federa-
tion or on behalf of any economic project that is 
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118 
more than 33-percent owned or controlled by the 
Government of the Russian Federation, Russian 
state-owned enterprise, or an individual on the list 
described in section 324; 
(4) describe any gaps in oversight or enforce-
ment challenges to combatting abuse of or improper 
registrations under the exemption under section 3(h) 
of the Foreign Agents Registration Act of 1938, as 
amended (22 U.S.C. 613(h)); and 
(5) include an assessment of whether any 
changes to the exemption under section 3(h) of the 
Foreign Agents Registration Act of 1938, as amend-
ed (22 U.S.C. 613(h)), are necessary to ensure suffi-
cient safeguards against malign influence activities 
by the Government of the Russian Federation or en-
tities under the control or influence of the Govern-
ment of the Russian Federation. 
(c) REPORTING PERIOD.—For purposes of a report 
required under subsection (a), the report shall cover— 
(1) in the case of the initial report, calendar 
year 2021 and the first quarter of calendar year 
2022; and 
(2) in the case of each subsequent report, the 
quarter of the calendar year preceding the report. 
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119 
Subtitle D—General Provisions 
SEC. 351. SANCTIONS DESCRIBED. 
The sanctions to be imposed with respect to a foreign 
person under this title are the following: 
(1) PROPERTY BLOCKING.—The President shall 
exercise all of the powers granted by the Inter-
national Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.) to the extent necessary to block 
and prohibit all transactions in all property and in-
terests in property of the foreign person 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. 
(2) RESTRICTIONS
ON
CORRESPONDENT
AND 
PAYABLE-THROUGH
ACCOUNTS.—In the case of a 
foreign financial institution, the President shall pro-
hibit the opening, and prohibit or impose strict con-
ditions on the maintaining, in the United States of 
a correspondent account or a payable-through ac-
count by the foreign financial institution. 
(3) ALIENS INADMISSIBLE FOR VISAS, ADMIS-
SION, OR PAROLE.— 
(A) VISAS, ADMISSION, OR
PAROLE.—In 
the case of an alien, the alien is— 
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(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 re-
ceive any other benefit under the Immigra-
tion and Nationality Act (8 U.S.C. 1101 et 
seq.). 
(B) CURRENT VISAS REVOKED.— 
(i) IN GENERAL.—The visa or other 
entry documentation of an alien described 
in subparagraph (A) shall be revoked, re-
gardless of when such visa or other entry 
documentation is or was issued. 
(ii) IMMEDIATE
EFFECT.—A revoca-
tion under clause (i) shall— 
(I) take effect immediately; and 
(II) automatically cancel any 
other valid visa or entry documenta-
tion that is in the alien’s possession. 
SEC. 352. IMPLEMENTATION; REGULATIONS; PENALTIES. 
(a) IMPLEMENTATION.—The President may exercise 
all authorities provided to the President under sections 
203 and 205 of the International Emergency Economic 
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121 
Powers Act (50 U.S.C. 1702 and 1704) to carry out this 
title. 
(b) REGULATIONS.—The President shall issue such 
regulations, licenses, and orders as are necessary to carry 
out this title. 
(c) PENALTIES.—A person that violates, attempts to 
violate, conspires to violate, or causes a violation of this 
title or any regulation, license, or order issued to carry 
out this title 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 de-
scribed in subsection (a) of that section. 
SEC. 353. EXCEPTIONS; WAIVER. 
(a) EXCEPTIONS.— 
(1) EXCEPTION
FOR
INTELLIGENCE
ACTIVI-
TIES.—This title shall not apply with respect to ac-
tivities subject to the reporting requirements under 
title V of the National Security Act of 1947 (50 
U.S.C. 3091 et seq.) or any authorized intelligence 
activities of the United States. 
(2) EXCEPTION FOR COMPLIANCE WITH INTER-
NATIONAL
OBLIGATIONS
AND
LAW
ENFORCEMENT 
ACTIVITIES.—Sanctions under this title shall not 
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