Protecting Europe’s Energy Security Act of 2019

Bill: 116-s-1441
Sponsor: Sen. Cruz, Ted [R-TX]
Introduced: 2019-05-14 in the Senate
Policy area: International Affairs
Subjects: Alliances
Competitiveness, trade promotion, trade deficits
Congressional oversight
Corporate finance and management
Diplomacy, foreign officials, Americans abroad
Energy storage, supplies, demand
Europe
Foreign aid and international relief
Foreign and international banking
Foreign and international corporations
Foreign loans and debt
Foreign property
Germany
International monetary system and foreign exchange
Licensing and registrations
Marine and inland water transportation
Middle East
Military assistance, sales, and agreements
Nuclear power
Oil and gas
Pipelines
Presidents and presidential powers, Vice Presidents
Public contracts and procurement
Russia
Sanctions
Securities
Technology transfer and commercialization
Trade restrictions
U.S. and foreign investments
Ukraine
Visas and passports
War and emergency powers

Summary:
action_date: 2019-05-14
text: 

Protecting Europe's Energy Security Act of 2019

 
This bill establishes sanctions related to the provision of vessels for the construction of Russian energy export pipelines.
 
The Department of State must report to Congress (1) a list of vessels engaged in below sea-level pipe laying for the construction of Russian energy export pipelines, and (2) a list of foreign individuals and entities that provided or facilitated the provision of the vessels for such pipeline construction. The State Department shall impose property- and visa-blocking sanctions on (1) the identified foreign individuals and entities, and (2) each corporate officer and principal shareholder with a controlling interest in the identified vessels. 
 
The President may impose various sanctions on foreign individuals and entities that knowingly provide underwriting, insurance, or reinsurance for the identified vessels. The sanctions may include prohibitions from (1) receiving Export-Import Bank export assistance, (2) being designated as a primary dealer of U.S. government debt instruments, or (3) receiving U.S. government procurement contracts.
 
The State Department shall develop a strategy on improving the energy security of U.S. allies in Europe. The State Department shall also report to Congress (1) on the effects of Russia's Nord Stream 2 natural gas pipeline on U.S. national security; and (2) a periodically updated list of entities providing goods, services, or technology for the construction or repair of the pipeline and whether such transactions are prohibited under certain U.S. laws. 

action_date: 2019-07-31
text: 

Protecting Europe's Energy Security Act of 2019

 
This bill establishes sanctions related to the provision of vessels for the construction of Russian energy export pipelines.
 
The Department of State must report to Congress (1) a list of vessels engaged in below sea-level pipe laying for the construction of the Nord Stream 2 pipeline, the TurkStream pipeline, or any successor projects; and (2) a list of foreign individuals and entities that knowingly provided or facilitated the provision of the vessels for such pipeline construction. The State Department shall impose property- and visa-blocking sanctions on (1) the identified foreign individuals and entities, and (2) each corporate officer and principal shareholder with a controlling interest in the identified vessels. 
 
The President may impose various sanctions on foreign individuals and entities that knowingly provide significant underwriting, insurance, or reinsurance for the identified vessels. The sanctions may include prohibitions from (1) receiving Export-Import Bank export assistance, (2) being designated as a primary dealer of U.S. government debt instruments, or (3) receiving U.S. government procurement contracts.
 


Legislative actions:
action_date: 2019-07-31
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 169.
action_date: 2019-07-31
text: Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
action_date: 2019-07-31
text: Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
action_date: 2019-07-31
text: Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
action_date: 2019-05-14
text: Read twice and referred to the Committee on Foreign Relations.
action_date: 2019-05-14
text: Introduced in Senate