TITLE III—MEASURES TO DETER 
CURRENT 
AND 
ESCALATED 
AGGRESSION 
AGAINST 
UKRAINE BY THE RUSSIAN 
FEDERATION 
SEC. 301. DEFINITIONS. 
In this title: 
(1) ACCOUNT; CORRESPONDENT ACCOUNT; PAY-
ABLE-THROUGH
ACCOUNT.—The terms ‘‘account’’, 
‘‘correspondent account’’, and ‘‘payable-through ac-
count’’ have the meanings given those terms in sec-
tion 5318A of title 31, United States Code. 
(2) ADMISSION; ADMITTED; ALIEN.—The terms 
‘‘admission’’, ‘‘admitted’’, and ‘‘alien’’ have the 
meanings given those terms in section 101 of the 
Immigration and Nationality Act (8 U.S.C. 1101). 
(3) 
APPROPRIATE
COMMITTEES
OF
CON-
GRESS.—The term ‘‘appropriate committees of Con-
gress’’ means— 
(A) the Committee on Foreign Relations 
and the Committee on Banking, Housing, and 
Urban Affairs of the Senate; and 
(B) the Committee on Foreign Affairs and 
the Committee on Financial Services of the 
House of Representatives. 
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(4) FINANCIAL
INSTITUTION.—The term ‘‘fi-
nancial institution’’ means a financial institution 
specified in subparagraph (A), (B), (C), (D), (E), 
(F), (G), (H), (I), (J), (M), or (Y) of section 
5312(a)(2) of title 31, United States Code. 
(5) FOREIGN
FINANCIAL
INSTITUTION.—The 
term ‘‘foreign financial institution’’ has the meaning 
given that term in regulations prescribed by the Sec-
retary of the Treasury. 
(6) FOREIGN PERSON.—The term ‘‘foreign per-
son’’ means an individual or entity that is not a 
United States person. 
(7) KNOWINGLY.—The term ‘‘knowingly’’ with 
respect to conduct, a circumstance, or a result, 
means that a person had actual knowledge, or 
should have known, of the conduct, the cir-
cumstance, or the result. 
(8) 
UNITED
STATES
PERSON.—The 
term 
‘‘United States person’’ means— 
(A) a United States citizen or an alien law-
fully admitted for permanent residence to the 
United States; or 
(B) an entity organized under the laws of 
the United States or any jurisdiction within the 
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United States, including a foreign branch of 
such an entity. 
Subtitle A—Sanctions To Deter Ag-
gression Against Ukraine by the 
Russian Federation 
SEC. 311. IMPOSITION OF SANCTIONS WITH RESPECT TO 
SENIOR RUSSIAN DEFENSE OFFICIALS RE-
LATED TO THE BUILD-UP OF RUSSIAN ARMED 
FORCES ALONG UKRAINE’S BORDER. 
Not later than 15 days after the date of the enact-
ment of this Act, the President shall impose the sanctions 
described in section 351 with respect to not fewer than 
15 senior officials of any branch of the Armed Forces of 
the Russian Federation who have ordered, controlled, di-
rected, or were otherwise responsible for the planning or 
execution of actions related to— 
(1) military operations in the Donbas region of 
Ukraine or the illegally occupied territory of Crimea; 
(2) the build-up of the Armed Forces of the 
Russian Federation along Ukraine’s border on or 
after October 1, 2021; or 
(3) other military operations that have violated 
the sovereignty or territorial integrity of Ukraine. 
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SEC. 312. IMPOSITION OF SANCTIONS WITH RESPECT TO 
NORD STREAM 2. 
(a) IN GENERAL.—Not later than 15 days after the 
date of the enactment of this Act, and every 30 days there-
after, if the President is not able to make the certification 
described in subsection (b), the President shall impose the 
sanctions described in section 351 with respect to a for-
eign person that is— 
(1) any entity established for or responsible for 
the planning, construction, or operation of the Nord 
Stream 2 pipeline or a successor entity, including 
Nord Stream 2 AG; or 
(2) any corporate officer of an entity described 
in paragraph (1). 
(b) CERTIFICATION DESCRIBED.—The certification 
described in this subsection is a certification to the appro-
priate committees of Congress of each of the following: 
(1) The Government of Germany has provided 
written, public assurances that it will prevent the 
Nord Stream 2 pipeline from being certified or oth-
erwise from becoming operational. 
(2) The Government of Germany, including any 
regulatory body of that Government, is taking the 
necessary steps to fulfill the assurances described in 
paragraph (1). 
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