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 inter-
ference by providing transparency on the corruption of 
Russian President Vladimir Putin. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Vladimir Putin Trans-
parency Act’’. 
SEC. 2. FINDINGS. 
Congress finds the following: 
(1) According an Intelligence Community As-
sessment dated January 6, 2017, ‘‘Russian Presi-
dent Vladimir Putin ordered an influence campaign 
in 2016 aimed at the U.S. presidential election. Rus-
sia’s goals were to undermine public faith in the US 
democratic process * * * Moscow’s influence cam-
paign 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 inter-
mediaries, 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 ex-
perts 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 un-
justly and to hide his true financial condition from 
the public. 
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SEC. 3. ASSESSMENT EXPOSING THE CORRUPTION OF 
VLADIMIR PUTIN. 
(a) SENSE OF CONGRESS.—It is the sense of Con-
gress 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 Treas-
ury and the Secretary of State, shall submit to the appro-
priate 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, in-
cluding— 
(1) the estimated net worth of Vladimir Putin 
and his family members; 
(2) a description of their legitimately and ille-
gitimately obtained assets, including all real, per-
sonal and intellectual property, bank or investment 
or similar accounts, and any other financial or busi-
ness interests or holdings, including those outside of 
Russia; 
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(3) the details of the legitimately and illegit-
imately obtained assets, including real, personal and 
intellectual property, bank or investment or similar 
accounts, and any other financial or business inter-
ests 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 oth-
ers acting at his direction, with his knowledge, or for 
his benefit, to conceal Putin’s interest in his ac-
counts, holdings, or other assets, including the es-
tablishment of ‘‘front’’ or shell companies and the 
use of intermediaries; and 
(5) an identification of the most significant sen-
ior 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 sub-
section (b) shall be submitted either— 
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(1) in unclassified form to the extent consistent 
with the protection of intelligence sources and meth-
ods, 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 con-
gressional committees’’ means— 
(1) the Select Committee on Intelligence, the 
Committee on Foreign Relations, the Committee on 
Banking, Housing, and Urban Affairs, and the Com-
mittee on Finance of the Senate; and 
(2) the Permanent Select Committee on Intel-
ligence, Committee on Foreign Affairs, the Com-
mittee 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. 
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