Title: No REX Act
Policy area: International Affairs

Summary:
No Russia Exemptions for Oil Production Act or the No REX Act
This bill prohibits the Department of the Treasury from providing licenses or other authorization for U.S. persons to engage in activities relating to deepwater, Arctic offshore, or shale projects that may produce oil in Russia or within its maritime jurisdiction.	Executive Order 13662 (relating to blocking property of additional persons contributing to the situation in Ukraine) authorized Treasury to prevent U.S. persons from engaging in business with Russia in various sectors, including the energy sector.
Additionally, the bill nullifies any license or other authorization to engage in prohibited activities issued before the enactment of this bill.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2145 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 2145

 To prohibit licenses or other authorization for United States persons 
  to engage in activities relating to deepwater, Arctic offshore, or 
 shale projects that have the potential to produce oil in the Russian 
Federation, or in maritime area claimed by the Russian Federation, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 25, 2017

 Ms. Maxine Waters of California introduced the following bill; which 
            was referred to the Committee on Foreign Affairs

_______________________________________________________________________

                                 A BILL


 
 To prohibit licenses or other authorization for United States persons 
  to engage in activities relating to deepwater, Arctic offshore, or 
 shale projects that have the potential to produce oil in the Russian 
Federation, or in maritime area claimed by the Russian Federation, and 
                          for other purposes.

    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 ``No Russia Exemptions for Oil 
Production Act'' or the ``No REX Act''.

SEC. 2. PROHIBITION ON LICENSES OR OTHER AUTHORIZATION FOR UNITED 
              STATES PERSONS TO ENGAGE IN ACTIVITIES RELATING TO 
              CERTAIN PROJECTS TO PRODUCE OIL IN THE RUSSIAN 
              FEDERATION.

    (a) In General.--Effective as of the date of the enactment of this 
Act--
            (1) the Secretary of the Treasury, acting directly or 
        through any specifically designated person, agency, or 
        instrumentality, may not provide a license or other 
        authorization pursuant to Directive 4 under Executive Order 
        13662 to engage in any of the activities prohibited under such 
        Directive; and
            (2) any license or other authorization provided before such 
        date of enactment by the Secretary of the Treasury, acting 
        directly or through any specifically designated person, agency, 
        or instrumentality, pursuant to Directive 4 under Executive 
        Order 13662 to engage in any of the activities prohibited under 
        such Directive shall have no force or effect.
    (b) Definition.--In this section, the term ``Directive 4 under 
Executive Order 13662'' means Directive 4 of September 12, 2014, under 
Executive Order 13662 of March 20, 2014 (79 Fed. Reg. 16169; relating 
to Blocking Property of Additional Persons Contributing to the 
Situation in Ukraine) or any successor Directive or other Executive 
action.
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