I 
117TH CONGRESS 
2D SESSION 
H. R. 6422 
To impose sanctions with respect to the Russian Federation, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 19, 2022 
Mr. BANKS (for himself, Mr. WILSON of South Carolina, Mr. WALTZ, Mr. 
LAMBORN, Mr. BACON, Mr. FEENSTRA, Mr. STEUBE, Mr. DUNCAN, Mrs. 
HARSHBARGER, Mr. CURTIS, Mr. MANN, Mr. RESCHENTHALER, Mr. 
FITZGERALD, Mr. GIBBS, Mr. HUDSON, Mr. GOODEN of Texas, Mr. 
LATURNER, Mr. CAWTHORN, Mr. BURGESS, Mr. FALLON, Mrs. MILLER- 
MEEKS, Mr. WEBER of Texas, Mr. MEUSER, Mr. MCKINLEY, Mr. 
PFLUGER, Mr. SMITH of Nebraska, Mr. BENTZ, Mr. KELLER, Mr. 
MOORE of Utah, Mr. CRAWFORD, Mr. MOONEY, Mr. RODNEY DAVIS of 
Illinois, Mr. ISSA, Mr. OWENS, Mrs. MCCLAIN, Mr. BABIN, Mr. HERN, 
Mr. JOHNSON of South Dakota, and Mr. WENSTRUP) introduced the fol-
lowing bill; which was referred to the Committee on Foreign Affairs, and 
in addition to the Committees on the Judiciary, and Financial Services, 
for a period to be subsequently determined by the Speaker, in each case 
for consideration of such provisions as fall within the jurisdiction of the 
committee concerned 
A BILL 
To impose sanctions with respect to the Russian Federation, 
and for other purposes. 
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 ‘‘Putin Accountability 
Act’’. 
SEC. 2. REPORTS ON, AND AUTHORIZATION OF IMPOSITION 
OF SANCTIONS WITH RESPECT TO, THE PRO-
VISION OF SPECIALIZED FINANCIAL MES-
SAGING SERVICES TO THE CENTRAL BANK 
OF THE RUSSIAN FEDERATION. 
(a) REPORTS REQUIRED.— 
(1) IN GENERAL.—Not later than 30 days after 
the date of the enactment of this Act, and every 90 
days thereafter, the Secretary of the Treasury shall 
submit to the appropriate congressional committees 
a report that contains— 
(A) a list of all persons that the Secretary 
has identified that directly provide specialized 
financial messaging services to, or enable or fa-
cilitate direct or indirect access to such mes-
saging services for, the Central Bank of the 
Russian Federation; and 
(B) a detailed assessment of the status of 
efforts by the Secretary to end the direct provi-
sion of such messaging services to, and the ena-
bling or facilitation of direct or indirect access 
to such messaging services for, the Central 
Bank of the Russian Federation. 
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(2) ENABLING OR FACILITATION OF ACCESS TO 
SPECIALIZED
FINANCIAL
MESSAGING
SERVICES 
THROUGH
INTERMEDIARY
FINANCIAL
INSTITU-
TIONS.—For purposes of paragraph (1) and sub-
section (b), enabling or facilitating direct or indirect 
access to specialized financial messaging services for 
the Central Bank of Russia includes doing so by 
serving as an intermediary financial institution with 
access to such messaging services. 
(3) FORM
OF
REPORT.—A report submitted 
under paragraph (1) shall be submitted in unclassi-
fied form but may contain a classified annex. 
(b) REQUIREMENT OF IMPOSITION OF SANCTIONS.— 
(1) IN GENERAL.—Except as provided in para-
graph (2), if, on or after the date that is 60 days 
after the date of the enactment of this Act, a person 
knowingly and directly provides specialized financial 
messaging services to, or knowingly enable or facili-
tate direct or indirect access to such messaging serv-
ices for, the Central Bank of the Russian Federa-
tion, the President shall impose sanctions described 
in subsection (c) with respect to the person. 
(2) EXCEPTION.—The President may not im-
pose sanctions pursuant to paragraph (1) with re-
spect to a person for directly providing specialized fi-
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the United States to comply with the Agree-
ment regarding the Headquarters of the United 
Nations, signed at Lake Success June 26, 
1947, and entered into force November 21, 
1947, between the United Nations and the 
United States, or other applicable international 
obligations. 
(B) EXCEPTION FOR INTELLIGENCE, LAW 
ENFORCEMENT, AND NATIONAL SECURITY AC-
TIVITIES.—Sanctions under paragraph (1) shall 
not apply to any authorized intelligence, law en-
forcement, or national security activities of the 
United States. 
(C) EXCEPTION
RELATING
TO
IMPORTA-
TION OF GOODS.— 
(i) IN
GENERAL.—Notwithstanding 
any other provision of this section, the au-
thorities and requirements to impose sanc-
tions under this section shall not include 
the authority or a requirement to impose 
sanctions on the importation of goods. 
(ii) GOOD DEFINED.—In this subpara-
graph, the term ‘‘good’’ means any article, 
natural or man-made substance, material, 
supply or manufactured product, including 
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inspection and test equipment, and exclud-
ing technical data. 
(d) PENALTIES.—The penalties provided for in sub-
sections (b) and (c) of section 206 of the International 
Emergency Economic Powers Act (50 U.S.C. 1705) shall 
apply to a person that violates, attempts to violate, con-
spires to violate, or causes a violation of regulations pro-
mulgated to carry out this section or the sanctions im-
posed pursuant to this section to the same extent that 
such penalties apply to a person that commits an unlawful 
act described in section 206(a) of that Act. 
(e) IMPLEMENTATION AUTHORITY.—The President 
may exercise all authorities provided to the President 
under sections 203 and 205 of the International Emer-
gency Economic Powers Act (50 U.S.C. 1702 and 1704) 
for purposes of carrying out this section. 
(f) REGULATORY AUTHORITY.—The President shall, 
not later than 60 days after the date of the enactment 
of this Act, promulgate regulations as necessary for the 
implementation of this section. 
(g) WAIVER.—The President shall have the authority 
to waive the sanctions required by subsection (b) for re-
newable periods of 30 days if the President provides a 
written certification to the appropriate congressional com-
mittees, which shall also be made publicly available on a 
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website maintained by the Federal Government, that the 
Russian Federation has ended its annexation of Crimea 
and has withdrawn all military forces from eastern 
Ukraine. 
(h) SUNSET.—The President’s authority to issue 
waivers or licenses with respect to sanctions required by 
subsection (b) or pursuant to sections 203 and 205 of the 
International Emergency Economic Powers Act (50 
U.S.C. 1702 and 1704) with regard to prohibitions re-
quired by subsection (b) shall cease to apply beginning on 
the date that is 1 year after the date of enactment of this 
Act. 
SEC. 3. DESIGNATION OF THE RUSSIAN FEDERATION AS A 
STATE SPONSOR OF TERRORISM AND DES-
IGNATION 
OF 
THE 
RUSSIAN-SUPPORTED 
ARMED FORCES IN THE DONBAS REGION OF 
UKRAINE AS FOREIGN TERRORIST ORGANI-
ZATIONS. 
(a) DESIGNATION OF THE RUSSIAN FEDERATION AS 
A STATE SPONSOR OF TERRORISM.— 
(1) IN GENERAL.—Not later than 30 days after 
the date of the enactment of this Act, the Secretary 
of State shall designate the Russian Federation as 
a country the government of which has repeatedly 
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provided support for international terrorism (com-
monly referred to as a ‘‘state sponsor of terrorism’’). 
(2) REPORT.—Not later than 60 days after the 
date of the enactment of this Act, the Secretary of 
State shall submit to the appropriate congressional 
committees a report describing the Russian Federa-
tion’s support, sponsorship, cooperation, military co-
ordination with, or significant transactions with the 
Russian Imperial Movement, the Taliban in Afghani-
stan, Lebanese Hezbollah, and the Iranian Islamic 
Revolutionary Guard Corps (IRGC), and Islamic 
Revolutionary Guard Corps Quds Forces (IRGC– 
QF). 
(3) FORM.—The report required by paragraph 
(2) shall be submitted in unclassified form, but may 
include a classified annex, if appropriate. 
(b) DETERMINATION ON THE DESIGNATION OF THE 
RUSSIAN-SUPPORTED ARMED FORCES IN THE DONBAS 
REGION OF UKRAINE AS FOREIGN TERRORIST ORGANIZA-
TIONS.— 
(1) IN GENERAL.—Not later than 30 days after 
the date of the enactment of this Act, the Secretary 
of State shall submit a determination to the appro-
priate 
congressional 
committees 
that 
indicates 
whether armed entities that are physically present in 
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the Donbas region of Ukraine and are controlled or 
aided by the Russian Federation, or armed entities 
that are associated or controlled by the ‘‘Donetsk 
People’s Republic’’ or the ‘‘Lugansk People’s Repub-
lic’’, meet the criteria to be designated as foreign 
terrorist organizations under section 219 of the Im-
migration and Nationality Act (8 U.S.C. 1189). 
(2) FORM.—The determination required under 
paragraph (1) shall be submitted in unclassified 
form, but may include a classified annex, if appro-
priate. 
SEC. 4. PROHIBITION ON UNITED STATES PERSONS FROM 
PURCHASING, 
SELLING, 
OR 
OTHERWISE 
DEALING IN RUSSIAN SOVEREIGN DEBT. 
(a) PROHIBITION.—Not later than 30 days after the 
date of the enactment of this Act, the President shall issue 
regulations to prohibit United States persons from pur-
chasing, selling, or otherwise dealing in Russian sovereign 
debt that is issued or executed on or after the date that 
is 60 days after such date of enactment. 
(b) RUSSIAN SOVEREIGN DEBT DEFINED.—In this 
section, the term ‘‘Russian sovereign debt’’ means— 
(1) bonds issued by the Central Bank of the 
Russian Federation, the Russian National Wealth 
Fund, the Russian Federal Treasury, or agents, in-
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