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(d) WAIVER.—The President may waive the applica-
tion of sanctions under subsection (c) with respect to a 
foreign person or alien if the President— 
(1) determines that such a waiver is vital to the 
national interest of the United States; and 
(2) not less than 15 days after the waiver takes 
effect, submits to the appropriate congressional com-
mittees a notice of the waiver and a justification for 
such waiver. 
(e) REPORT.— 
(1) REPORT REQUIRED.— 
(A) IN GENERAL.—Not later than 30 days 
after the date of the enactment of this Act, and 
at least once every 180 days thereafter for a pe-
riod not to exceed 2 years, the Secretary of 
State, in consultation with the Secretary of the 
Treasury, shall submit to the appropriate con-
gressional committees a detailed report with re-
spect to senior foreign political figures of the 
Russian Federation that have been determined 
to have engaged in activities described in sub-
section (b). 
(B) FORM.—The report required by sub-
paragraph (A) shall be submitted in unclassi-
fied form but may contain a classified annex. 
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(2) REQUESTS BY CHAIRPERSON AND RANKING 
MEMBER OF APPROPRIATE CONGRESSIONAL COMMIT-
TEES.— 
(A) IN
GENERAL.—Not later than 120 
days after receiving a written request from the 
chairperson and ranking member of one of the 
appropriate congressional committees with re-
spect to whether a senior foreign political figure 
of the Russian Federation is responsible for en-
gaging in activities described in subsection (b), 
the President shall submit a response to the 
chairperson and ranking member of the com-
mittee which made the request with respect to 
the status of the person. 
(B) FORM.—The President may submit a 
response required by subparagraph (A) in clas-
sified form if the President determines that it 
is necessary for the national security interests 
of the United States to do so. 
(f) DEFINITIONS.—In this section: 
(1) ADMITTED.—The term ‘‘admitted’’ has the 
meaning given such term in section 101(a)(13)(A) of 
the Immigration and Nationality Act (8 U.S.C. 
1101(a)(13)(A)). 
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(2) ALIEN.—The term ‘‘alien’’ has the meaning 
given such term in section 101(a)(3) of the Immi-
gration and Nationality Act (8 U.S.C. 1101(a)(3)). 
(3) FINANCIAL
INSTITUTION.—The term ‘‘fi-
nancial institution’’ has the meaning given that term 
in section 5312 of title 31, United States Code. 
(4) FOREIGN PERSON.—The term ‘‘foreign per-
son’’ means— 
(A) an individual who is not a United 
States person; 
(B) a corporation, partnership, or other 
nongovernmental entity which is not a United 
States person; or 
(C) any representative, agent or instru-
mentality of, or an individual working on behalf 
of a foreign government. 
(5) PAROLED.—The term ‘‘paroled’’ means pa-
roled into the United States under section 212(d)(5) 
of the Immigration and Nationality Act (8 U.S.C. 
1182(d)(5)). 
(6) 
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 
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(B) an entity organized under the laws of 
the United States or of any jurisdiction within 
the United States, including a foreign branch of 
such an entity. 
(g) TERMINATION.—This section and any sanction 
imposed by this section shall remain in effect until the 
earlier of— 
(1) the date that is 90 days after the date on 
which the President submits to the appropriate con-
gressional committees the certification described in 
subsection (a) of section 206 in accordance with sub-
section (b) of such section; or 
(2) the date that is 30 days after any date sub-
sequent to January 1, 2020, on which the President 
submits to the appropriate congressional committees 
in writing a determination that the termination of 
this section and the sanctions imposed by this sec-
tion is in the vital national security interests of the 
United States. 
SEC. 203. IMPOSITION OF ADDITIONAL SANCTIONS ON PER-
SONS COMPLICIT IN OR RESPONSIBLE FOR 
SIGNIFICANT CORRUPTION IN THE RUSSIAN 
FEDERATION. 
(a) FINDINGS.—Congress finds the following: 
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(1) On March 20, 2014, the Department of the 
Treasury designated four individuals and one finan-
cial institution for acting for or on behalf of or ma-
terially assisting, sponsoring, or providing financial, 
material, or technological support for, or goods or 
services to or in support of, a senior official of the 
Government of the Russian Federation. 
(2) Widespread corruption at senior levels of 
the Government of the Russian Federation, in com-
bination with the suppression of political freedoms 
and the concentration of enormous wealth in the 
hands of individuals exercising extensive influence 
over government policy, has contributed to the estab-
lishment of an authoritarian system that does not 
respect the rights of the Russian people. 
(b) AUTHORITY FOR IMPOSITION OF SANCTIONS.— 
(1) ASSET BLOCKING.—The President, acting 
through the Secretary of the Treasury and in con-
sultation with the Secretary of State (or their des-
ignees), is authorized to impose sanctions described 
in paragraph (1)(A) of section 202(c) in accordance 
with the provisions of such section against a foreign 
person if the foreign person is a senior foreign polit-
ical figure or a close associate of such senior foreign 
political figure with respect to whom the President, 
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acting through the Secretary of the Treasury and in 
consultation with the Secretary of State (or their 
designees), determines meets one or more of the cri-
teria described in subsection (c). 
(2) ALIENS INELIGIBLE FOR VISAS, ADMISSION, 
OR PAROLE.—The Secretary of State or the Sec-
retary of Homeland Security (or a designee of one 
of such Secretaries) is authorized to impose sanc-
tions described in paragraph (1)(B) of section 
202(c) in accordance with the provisions of such sec-
tion against an alien if the alien is a senior foreign 
political figure or a close associate of such senior 
foreign political figure with respect to whom the Sec-
retary of State or the Secretary of Homeland Secu-
rity (or a designee of one of such Secretaries) 
knows, or has reason to believe, meets one or more 
of the criteria described in subsection (c). 
(c) CRITERIA FOR IMPOSITION OF SANCTIONS.—The 
criteria described in this subsection are the following: 
(1) The foreign person or alien is responsible 
for, or complicit in, or responsible for ordering, con-
trolling, or otherwise directing, acts of significant 
corruption in the Russian Federation, including the 
expropriation of private or public assets for personal 
gain, corruption related to government contracts or 
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the extraction of natural resources, bribery, or the 
facilitation or transfer of the proceeds of corruption 
to foreign jurisdictions. 
(2) The foreign person or alien has materially 
assisted, sponsored, or provided financial, material, 
or technological support for, or goods or services in 
support of, an act described in paragraph (1). 
(d) WAIVER.—The waiver provisions of subsection 
(d) of section 202 shall apply with respect to this section 
and any sanction imposed by this section to the same ex-
tent and in the same manner as such waiver provisions 
apply to section 202 and any sanction imposed by such 
section. 
(e) DEFINITIONS.—In this section, the terms ‘‘for-
eign person’’ and ‘‘alien’’ have the meanings given such 
terms in section 202(f). 
SEC. 204. REPORT ON CERTAIN FOREIGN FINANCIAL INSTI-
TUTIONS. 
(a) FINDINGS.—Congress finds the following: 
(1) On February 26, 2014, the Department of 
the Treasury’s Financial Crimes Enforcement Net-
work advised United States financial institutions of 
their responsibility to take reasonable, risk-based 
steps regarding the potential suspicious movement of 
assets related to Viktor Yanukovych departing Kyiv 
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