HR 4278 RFS 
and abdicating his responsibilities and other senior 
officials resigning from their positions or departing 
Kyiv. 
(2) United States financial institutions are re-
quired to apply enhanced scrutiny to private banking 
accounts held by or on behalf of senior foreign polit-
ical figures and to monitor transactions that could 
potentially represent misappropriated or diverted 
state assets, the proceeds of bribery or other illegal 
payments, or other public corruption proceeds. 
(3) On March 3, 2014, the Government of 
Ukraine announced that it had initiated criminal 
proceedings against a number of former Ukrainian 
officials or close associates of former Ukrainian offi-
cials. 
(4) On March 5, 2014, the European Union, 
based on information from Ukraine’s Prosecutor 
General, issued a Council Regulation requiring the 
European Union to freeze the funds and economic 
resources of various former Ukrainian officials and 
their close associates. 
(5) The Government of Canada has taken simi-
lar action against the same individuals. 
(6) The measures being taken against these 
former Ukrainian officials and their close associates 
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increase the risk that they will seek to move their 
assets in a deceptive fashion. 
(7) Foreign financial institutions should apply 
similar, enhanced due-diligence and reporting re-
quirements. 
(8) The United States has a strong interest in 
seeing the international financial system protected 
from illicit financial activity, including money laun-
dering, 
terrorism 
and 
proliferation 
financing, 
transnational organized crime, and the misappro-
priation of state assets, and international sanctions 
evasion, among others. 
(9) The Department of the Treasury possesses 
a range of authorities to insulate the United States 
financial system from entities or jurisdictions that 
pose an illicit financing risk. 
(b) STATEMENT OF POLICY.—It shall be the policy 
of the United States to use all of its regulatory and statu-
tory authorities to closely scrutinize all foreign financial 
institutions, including those in the Russian Federation, 
that may be complicit in enabling foreign persons and 
transnational criminal enterprises to evade or otherwise 
circumvent United States and international sanctions, 
launder the proceeds of criminal activity, finance acts of 
terrorism and the proliferation of weapons of mass de-
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struction, or any other illicit activity that presents risks 
and vulnerabilities to the United States financial system. 
(c) REPORT.— 
(1) IN GENERAL.—Not later than 30 days after 
the date of the enactment of this Act, and every 180 
days thereafter for a period not to exceed 2 years, 
the Secretary of State and the Secretary of the 
Treasury shall jointly submit to the appropriate con-
gressional committees a report on— 
(A) foreign financial institutions that are 
in direct control of Government of Ukraine 
state-owned or controlled assets in a manner 
determined by the Secretary of State and the 
Secretary of the Treasury to be contrary to the 
interests of the Government of Ukraine; 
(B) foreign financial institutions deter-
mined by the Secretary of State and the Sec-
retary of the Treasury to be complicit in illicit 
financial activity, including money laundering, 
terrorism 
and 
proliferation 
financing, 
transnational organized crime, or misappropria-
tion of state assets, that are— 
(i) organized under the laws of the 
Russian Federation; or 
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(ii) owned or controlled by a foreign 
person described in section 202(b); and 
(C) foreign financial institutions that are 
directly or indirectly assisting or otherwise aid-
ing the violation of Ukrainian sovereignty, inde-
pendence, and territorial integrity, including the 
Crimea. 
(2) FORM.—The report required to be sub-
mitted under this subsection shall be submitted in 
an unclassified form, to the extent appropriate, but 
may include a classified annex. 
SEC. 205. SENSE OF CONGRESS ON HUMAN RIGHTS IN THE 
RUSSIAN FEDERATION. 
It is the sense of Congress that the President should 
greatly expand the list of 18 Russian officials and others 
published on April 12, 2013, who were engaged in actions 
described in section 404 of the Sergei Magnitsky Rule of 
Law Accountability Act of 2012 (title IV of Public Law 
112–208; 22 U.S.C. 5811) regarding the death of Sergei 
Magnitsky, illegal activity by officials of the Government 
of the Russian Federation, or violations of human rights 
and other offenses in Russia. 
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SEC. 206. CERTIFICATION DESCRIBED AND SUBMISSION TO 
CONGRESS. 
(a) IN GENERAL.—A certification described in this 
section is a certification of the President to Congress that 
Ukrainian sovereignty, independence, and territorial integ-
rity is not being violated by the Russian Federation or 
any other state actor. 
(b) SUBMISSION TO CONGRESS.— 
(1) IN GENERAL.—The President shall submit 
the certification described in subsection (a) to the 
appropriate congressional committees in writing and 
shall include a justification for the certification. 
(2) FORM
OF
CERTIFICATION.—The certifi-
cation described in subsection (a) shall be submitted 
in unclassified form but may contain a classified 
annex. 
SEC. 207. SENSE OF CONGRESS ON SUSPENSION OF ALL AC-
TIVITIES AND MEETINGS OF THE NATO-RUS-
SIA COUNCIL. 
It is the sense of Congress that the United States 
should work to temporarily suspend all activities and 
meetings of the NATO-Russia Council. 
SEC. 208. DEFINITIONS. 
In this title: 
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