Stop Russian GOLD Act of 2022
Bill: S.5232 | Sponsor: Sen. Cornyn, John (R-TX)
Policy area: Foreign Trade and International Finance

Summary:
Stop Russian Government and Oligarchs from Limiting Democracy Act of 2022 or the Stop Russian GOLD Act of 2022
This bill directs the President to impose property-blocking sanctions on foreign individuals or entities that knowingly participate in a significant transaction for the sale, supply, or transfer of gold to or from Russia or the Russian government. The President may also impose visa-blocking sanctions on the foreign individuals subject to these property-blocking sanctions.

To require the imposition of sanctions with respect to the sale, 
     supply, or transfer of gold to or from the Russian Federation.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Stop Russian Government and 
Oligarchs from Limiting Democracy Act of 2022'' or the ``Stop Russian 
GOLD Act of 2022''.

SEC. 2. IMPOSITION OF SANCTIONS WITH RESPECT TO THE SALE, SUPPLY, OR 
              TRANSFER OF GOLD TO OR FROM RUSSIA.

    (a) Identification.--Not later than 90 days after the date of the 
enactment of this Act, and periodically as necessary thereafter, the 
President--
            (1) shall submit to Congress a report identifying foreign 
        persons that knowingly participated in a significant 
        transaction--
                    (A) for the sale, supply, or transfer (including 
                transportation) of gold, directly or indirectly, to or 
                from the Russian Federation or the Government of the 
                Russian Federation, including from reserves of the 
                Central Bank of the Russian Federation held outside the 
                Russian Federation; or
                    (B) that otherwise involved gold in which the 
                Government of the Russian Federation had any interest; 
                and
            (2) shall impose the sanctions described in subsection 
        (b)(1) with respect to each such person; and
            (3) may impose the sanctions described in subsection (b)(2) 
        with respect to any such person that is an alien.
    (b) Sanctions Described.--The sanctions described in this 
subsection are the following:
            (1) Blocking of property.--The exercise of all powers 
        granted to the President by the International Emergency 
        Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent 
        necessary to block and prohibit all transactions in all 
        property and interests in property of a foreign person 
        identified in the report required by subsection (a)(1) if such 
        property and interests in property are in the United States, 
        come within the United States, or are or come within the 
        possession or control of a United States person.
            (2) Ineligibility for visas, admission, or parole.--
                    (A) Visas, admission, or parole.--An alien 
                described in subsection (a)(1) is--
                            (i) inadmissible to the United States;
                            (ii) ineligible to receive a visa or other 
                        documentation to enter the United States; and
                            (iii) otherwise ineligible to be admitted 
                        or paroled into the United States or to receive 
                        any other benefit under the Immigration and 
                        Nationality Act (8 U.S.C. 1101 et seq.).
                    (B) Current visas revoked.--
                            (i) In general.--The issuing consular 
                        officer, the Secretary of State, or the 
                        Secretary of Homeland Security (or a designee 
                        of one of such Secretaries) shall, in 
                        accordance with section 221(i) of the 
                        Immigration and Nationality Act (8 U.S.C. 
                        1201(i)), revoke any visa or other entry 
                        documentation issued to an alien described in 
                        subsection (a)(1).
                            (ii) Immediate effect.--The revocation 
                        under clause (i) of a visa or other entry 
                        documentation issued to an alien shall--
                                    (I) take effect immediately; and
                                    (II) automatically cancel any other 
                                valid visa or entry documentation that 
                                is in the alien's possession.
    (c) Implementation; Penalties.--
            (1) Implementation.--The President may exercise all 
        authorities provided under sections 203 and 205 of the 
        International Emergency Economic Powers Act (50 U.S.C. 1702 and 
        1704) to carry out this section.
            (2) Penalties.--A person that violates, attempts to 
        violate, conspires to violate, or causes a violation of this 
        section or any regulation, license, or order issued to carry 
        out this section shall be subject to the penalties set forth in 
        subsections (b) and (c) of section 206 of the International 
        Emergency Economic Powers Act (50 U.S.C. 1705) to the same 
        extent as a person that commits an unlawful act described in 
        subsection (a) of that section.
    (d) National Interest Waiver.--The President may waive the 
imposition of sanctions under this section with respect to a person if 
the President--
            (1) determines that such a waiver is in the national 
        interests of the United States; and
            (2) submits to Congress a notification of the waiver and 
        the reasons for the waiver.
    (e) Termination.--
            (1) In general.--Except as provided in paragraph (2), the 
        requirement to impose sanctions under this section, and any 
        sanctions imposed under this section, shall terminate on the 
        earlier of--
                    (A) the date that is 3 years after the date of the 
                enactment of this Act; or
                    (B) the date that is 30 days after the date on 
                which the President certifies to Congress that--
                            (i) the Government of the Russian 
                        Federation has ceased its destabilizing 
                        activities with respect to the sovereignty and 
                        territorial integrity of Ukraine; and
                            (ii) such termination in the national 
                        interests of the United States.
            (2) Transition rules.--
                    (A) Continuation of certain authorities.--Any 
                authorities exercised before the termination date under 
                paragraph (1) to impose sanctions with respect to a 
                foreign person under this section may continue to be 
                exercised on and after that date if the President 
                determines that the continuation of those authorities 
                is in the national interests of the United States.
                    (B) Application to ongoing investigations.--The 
                termination date under paragraph (1) shall not apply to 
                any investigation of a civil or criminal violation of 
                this section or any regulation, license, or order 
                issued to carry out this section, or the imposition of 
                a civil or criminal penalty for such a violation, if--
                            (i) the violation occurred before the 
                        termination date; or
                            (ii) the person involved in the violation 
                        continues to be subject to sanctions pursuant 
                        to subparagraph (A).
    (f) Exceptions.--
            (1) Exceptions for authorized intelligence and law 
        enforcement and national security activities.--This section 
        shall not apply with respect to activities subject to the 
        reporting requirements under title V of the National Security 
        Act of 1947 (50 U.S.C. 3091 et seq.) or any authorized 
        intelligence, law enforcement, or national security activities 
        of the United States.
            (2) Exception to comply with international agreements.--
        Sanctions under subsection (b)(2) may not apply with respect to 
        the admission of an alien to the United States if such 
        admission is necessary to comply with the obligations of the 
        United States under the Agreement 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 the Convention on Consular 
        Relations, done at Vienna April 24, 1963, and entered into 
        force March 19, 1967, or other international obligations.
            (3) Humanitarian exemption.--The President shall not impose 
        sanctions under this section with respect to any person for 
        conducting or facilitating a transaction for the sale of 
        agricultural commodities, food, medicine, or medical devices or 
        for the provision of humanitarian assistance.
            (4) Exception relating to importation of goods.--
                    (A) In general.--The requirement or authority to 
                impose sanctions under this section shall not include 
                the authority or a requirement to impose sanctions on 
                the importation of goods.
                    (B) Good defined.--In this paragraph, the term 
                ``good'' means any article, natural or manmade 
                substance, material, supply, or manufactured product, 
                including inspection and test equipment, and excluding 
                technical data.
    (g) Definitions.--In this section:
            (1) The terms ``admission'', ``admitted'', ``alien'', and 
        ``lawfully admitted for permanent residence'' have the meanings 
        given those terms in section 101 of the Immigration and 
        Nationality Act (8 U.S.C. 1101).
            (2) The term ``foreign person'' means an individual or 
        entity that is not a United States person.
            (3) The term ``knowingly'', with respect to conduct, a 
        circumstance, or a result, means that a person has actual 
        knowledge, or should have known, of the conduct, the 
        circumstance, or the result.
            (4) The term ``United States person'' means--
                    (A) a United States citizen or an alien lawfully 
                admitted for permanent residence to the United States;
                    (B) an entity organized under the laws of the 
                United States or any jurisdiction within the United 
                States, including a foreign branch of such an entity; 
                or
                    (C) any person in the United States.
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