Title: CAATSA Implementation Act of 2021
Policy area: International Affairs

Summary:
CAATSA Implementation Act of 2021
This bill requires the President to impose property-blocking sanctions with respect to Nord Stream 2 AG, the entity that operates the Nord Stream 2 pipeline designed to carry natural gas exports from Russia to Germany.
Furthermore, before the President terminates such sanctions or removes the application of these sanctions to a particular person, the President must report to Congress the reasons for such an action and comply with other related requirements. These requirements, which currently apply to certain other sanctions, include (1) requiring specified waiting periods after submitting the report before the President may take the action, and (2) prohibiting the President from taking the action if a joint resolution of disapproval is enacted.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3322 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                S. 3322

 To require the imposition of sanctions with respect to Nord Stream 2 
                                  AG.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            December 7, 2021

   Mr. Cruz introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To require the imposition of sanctions with respect to Nord Stream 2 
                                  AG.

    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 ``CAATSA Implementation Act of 2021''.

SEC. 2. IMPOSITION OF SANCTIONS WITH RESPECT TO NORD STREAM 2 AG.

    (a) Finding.--Congress finds that since July 21, 2021, the 
Government of the Russian Federation has attempted to use energy as a 
weapon to achieve aggressive political ends.
    (b) Application of Sanctions.--Not later than 15 days after the 
date of the enactment of this Act, the President shall impose the 
sanctions described in subsection (b) of section 10 of the Sovereignty, 
Integrity, Democracy, and Economic Stability of Ukraine Act of 2014 (22 
U.S.C. 8909), as added by section 228 of the Countering America's 
Adversaries Through Sanctions Act (Public Law 115-44; 131 Stat. 911), 
with respect to Nord Stream 2 AG.
    (c) Congressional Review of Termination of Sanctions.--Section 
216(a)(2) of the Countering America's Adversaries Through Sanctions Act 
(22 U.S.C. 9511(a)(2)) is amended--
            (1) in subparagraph (A)(ii), by inserting ``or otherwise 
        remove'' after ``waive''; and
            (2) in subparagraph (B)(i)--
                    (A) in subclause (II), by striking ``; or'' and 
                inserting a semicolon;
                    (B) in subclause (III), by striking ``; and'' and 
                inserting ``; or''; and
                    (C) by adding at the end the following:
                                    ``(IV) section 2(b) of the CAATSA 
                                Implementation Act of 2021; and''.
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