No REX Act

Bill: 115-hr-2145
Sponsor: full_name: Rep. Waters, Maxine [D-CA-43]
Introduced: 2017-04-25
Policy area: International Affairs
Subjects: Europe

Licensing and registrations

Oil and gas

Russia

Sanctions

Sovereignty, recognition, national governance and status

Trade restrictions

Ukraine
Latest action: action_date: 2017-04-25
text: Referred to the House Committee on Foreign Affairs.

Summaries:
action_date: 2017-04-25
action_desc: Introduced in House
text: <p><b>No Russia Exemptions for Oil Production Act or the</b> <b>No REX Act</b></p> <p>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.</p> <p>Additionally, the bill nullifies any license or other authorization to engage in prohibited activities issued before the enactment of this bill. </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 2145 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.

1. Short title This Act may be cited as the No Russia Exemptions for Oil Production Act or the No REX Act . 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.