HEROIAM SLAVA Act of 2022
Bill: S.3732 | Sponsor: Sen. Rubio, Marco (R-FL)
Policy area: International Affairs

Summary:
Halting Enrichment of Russian Oligarchs and Industry Allies of Moscow's Schemes to Leverage its Abject Villainy Abroad Act of 2022 or the HEROIAM SLAVA Act of 2022
This bill requires the President to exercise certain authorities to block all transactions in property belonging to any entity owned or controlled by Russia's government if such property is within the United States or in the possession or control of a U.S. person.

To block the property of Russian state-owned entities.

    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 ``Halting Enrichment of Russian 
Oligarchs and Industry Allies of Moscow's Schemes to Leverage its 
Abject Villainy Abroad Act of 2022'' or the ``HEROIAM SLAVA Act of 
2022''.

SEC. 2. BLOCKING OF PROPERTY OF RUSSIAN STATE-OWNED ENTITIES.

    (a) In General.--On and after the date that is 60 days after the 
date of the enactment of this Act, the President shall exercise all of 
the powers granted to the President under the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent necessary to 
block and prohibit all transactions in property and interests in 
property of any entity the President determines is owned or controlled 
by the Government of the Russian Federation 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.
    (b) 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.
    (c) Exception Relating to Importation of Goods.--
            (1) In general.--The requirement to block and prohibit all 
        transactions in all property and interests in property under 
        subsection (a) shall not include the authority or a requirement 
        to impose sanctions on the importation of goods.
            (2) Good.--In this subsection, the term ``good'' means any 
        article, natural or man made substance, material, supply or 
        manufactured product, including inspection and test equipment, 
        and excluding technical data.
    (d) United States Person Defined.--In this section, the term 
``United States person'' means--
            (1) an individual who is a United States citizen or an 
        alien lawfully admitted for permanent residence to the United 
        States;
            (2) 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
            (3) any person in the United States.
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