To provide for congressional oversight of certain sanctions imposed with respect to the Russian Federation.
Bill: H.R.7340 | Sponsor: Rep. Meuser, Daniel (R-PA)
Policy area: International Affairs

Summary:
This bill requires the President to determine, within 60 days of receiving a request from Congress, whether a person (individual or entity) described in the request meets the criteria to be subject to sanctions imposed in two specified executive orders relating to Russia. The executive orders, dated April 19, 2021, and August 24, 2021, impose sanctions for certain activities including (1) efforts by Russia's government to undermine U.S. elections and democratic institutions, and (2) the construction of specified Russian energy pipelines.
The determination must also state whether the President has imposed or intends to impose sanctions on any person described in such a request from Congress.

To provide for congressional oversight of certain sanctions imposed 
                with respect to the Russian Federation.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CONGRESSIONAL OVERSIGHT OF CERTAIN SANCTIONS IMPOSED WITH 
              RESPECT TO THE RUSSIAN FEDERATION.

    (a) In General.--Not later than 60 days after receiving a request 
from the chairman and ranking member of one of the appropriate 
congressional committees with respect to whether a person, foreign 
person, or foreign financial institution, as the case may be, meets the 
criteria of a person described in a covered Executive order, the 
President shall--
            (1) determine if the person, foreign person, or foreign 
        financial institution, as the case may be, meets such criteria; 
        and
            (2) submit a classified or unclassified report to such 
        chairman and ranking member with respect to such determination 
        that includes a statement of whether or not the President 
        imposed or intends to impose sanctions with respect to such 
        person, foreign person, or foreign financial institution.
    (b) Definitions.--In this section:
            (1) Appropriate congressional committees.--The term 
        ``appropriate congressional committees'' means--
                    (A) the Committee on Foreign Affairs of the House 
                of Representatives; and
                    (B) the Committee on Foreign Relations of the 
                Senate.
            (2) Covered executive order.--The term ``covered Executive 
        order'' means--
                    (A) Executive Order 14024 (86 Fed. Reg. 20249; 
                relating to blocking property with respect to specified 
                harmful foreign activities of the Government of the 
                Russian Federation) or any directive issued pursuant to 
                such Executive order; or
                    (B) Executive Order 14039 (86 Fed. Reg. 47205; 
                relating to blocking property with respect to certain 
                Russian energy export pipelines) or any directive 
                issued pursuant to such Executive order.
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