Isolate Russian Government Officials Act of 2022

Bill: 117-hr-6891
Sponsor: full_name: Rep. Wagner, Ann [R-MO-2]
Introduced: 2022-03-02
Policy area: International Affairs
Subjects: Conflicts and wars

Diplomacy, foreign officials, Americans abroad

Europe

International monetary system and foreign exchange

International organizations and cooperation

Military operations and strategy

Multilateral development programs

Russia

Sovereignty, recognition, national governance and status

Ukraine
Latest action: action_date: 2022-05-12
text: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Summaries:
action_date: 2022-03-02
action_desc: Introduced in House
text: <p><strong>Isolate Russian Government Officials Act of 2022</strong></p> <p>This bill requires the Department of the Treasury and the Board of Governors of the Federal Reserve System to take all necessary steps to exclude Russian government officials, to the maximum extent practicable, from certain international meetings, including World Bank and International Monetary Fund spring and annual meetings, Group of 20 proceedings, and Bank for International Settlements annual general meetings. </p> <p>This requirement shall be in effect until the earlier of five years after the bill's enactment or 30 days after the President reports to Congress that Russia's government has ceased activities to destabilize Ukraine's sovereignty and territorial integrity. </p>

action_date: 2022-05-10
action_desc: Reported to House, Part I
text: <p><strong>Isolate Russian Government Officials Act of 2022</strong></p> <p>This bill requires the Department of the Treasury, the Securities and Exchange Commission, and the Board of Governors of the Federal Reserve System to take all necessary steps to exclude Russian government officials, to the maximum extent practicable, from certain international meetings, including the activities of the Group of 20, the Basel Committee for Banking Standards, and the Bank for International Settlements. </p> <p>This requirement shall be in effect until the earlier of five years after the bill's enactment or 30 days after the President reports to Congress that Russia's government has ceased activities to destabilize Ukraine's sovereignty and territorial integrity. The President may also waive this requirement upon reporting to Congress that doing so is in the national interest of the United States. </p>

action_date: 2022-05-11
action_desc: Passed House
text: <p><strong>Isolate Russian Government Officials Act of 2022</strong></p> <p>This bill requires the Department of the Treasury, the Securities and Exchange Commission, and the Board of Governors of the Federal Reserve System to take all necessary steps to exclude Russian government officials, to the maximum extent practicable, from certain international meetings, including the activities of the Group of 20, the Basel Committee for Banking Standards, and the Bank for International Settlements. </p> <p>This requirement shall be in effect until the earlier of five years after the bill's enactment or 30 days after the President reports to Congress that Russia's government has ceased activities to destabilize Ukraine's sovereignty and territorial integrity. The President may also waive this requirement upon reporting to Congress that doing so is in the national interest of the United States. </p>

tv_txt: I 117th CONGRESS 2d Session H. R. 6891 IN THE HOUSE OF REPRESENTATIVES March 2, 2022 Mrs. Wagner introduced the following bill; which was referred to the Committee on Financial Services , and in addition to the Committee on Foreign Affairs , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To exclude government officials of the Russian Federation from certain international meetings, and for other purposes.

1. Short title This Act may be cited as the Isolate Russian Government Officials Act of 2022 . 2. Exclusion of government officials of the Russian Federation (a) Policy of the United States It is the policy of the United States to exclude government officials of the Russian Federation, to the maximum extent practicable, from attendance at the following: (1) The Spring Meetings and Annual Meetings of the World Bank Group and the International Monetary Fund. (2) Proceedings of the Group of 20, including Ministerial Meetings and Leader Summits. (3) Plenary meetings of the Financial Action Task Force. (4) Annual General Meetings of the Bank for International Settlements. (b) Implementation The Secretary of the Treasury and the Board of Governors of the Federal Reserve System, as the case may be, shall take all necessary steps to advance the policy described under subsection (a). (c) Termination This section shall have no force or effect on the earlier of— (1) the date that is 5 years after the date of enactment of this Act; or (2) 30 days after the date that the President reports to Congress that the government of the Russian Federation has ceased its destabilizing activities with respect to the sovereignty and territorial integrity of Ukraine.

tv_txt: I 117th CONGRESS 2d Session H. R. 6891 IN THE HOUSE OF REPRESENTATIVES AN ACT To exclude government officials of the Russian Federation from certain international meetings, and for other purposes.

1. Short title This Act may be cited as the Isolate Russian Government Officials Act of 2022 . 2. Exclusion of government officials of the Russian Federation (a) Policy of the United States It is the policy of the United States to seek to exclude government officials of the Russian Federation, to the maximum extent practicable, from participation in meetings, proceedings, and other activities of the following organizations: (1) Group of 20. (2) Bank for International Settlements. (3) Basel Committee for Banking Standards. (4) Financial Stability Board. (5) International Association of Insurance Supervisors. (6) International Organization of Securities Commissions. (b) Implementation The Secretary of the Treasury, the Board of Governors of the Federal Reserve System, and the Securities and Exchange Commission, as the case may be, shall take all necessary steps to advance the policy set forth in subsection (a). (c) Termination This section shall have no force or effect on the earlier of— (1) the date that is 5 years after the date of enactment of this Act; or (2) 30 days after the date that the President reports to Congress that the government of the Russian Federation has ceased its destabilizing activities with respect to the sovereignty and territorial integrity of Ukraine. (d) Waiver The President may waive the application of this section if the President reports to the Congress that the waiver is in the national interest of the United States and includes an explanation of the reasons therefor.

Passed the House of Representatives May 11, 2022. Cheryl L. Johnson, Clerk.

tv_txt: IIB 117th CONGRESS 2d Session H. R. 6891 IN THE SENATE OF THE UNITED STATES May 12, 2022 Received; read twice and referred to the Committee on Foreign Relations AN ACT To exclude government officials of the Russian Federation from certain international meetings, and for other purposes.

1. Short title This Act may be cited as the Isolate Russian Government Officials Act of 2022 . 2. Exclusion of government officials of the Russian Federation (a) Policy of the United States It is the policy of the United States to seek to exclude government officials of the Russian Federation, to the maximum extent practicable, from participation in meetings, proceedings, and other activities of the following organizations: (1) Group of 20. (2) Bank for International Settlements. (3) Basel Committee for Banking Standards. (4) Financial Stability Board. (5) International Association of Insurance Supervisors. (6) International Organization of Securities Commissions. (b) Implementation The Secretary of the Treasury, the Board of Governors of the Federal Reserve System, and the Securities and Exchange Commission, as the case may be, shall take all necessary steps to advance the policy set forth in subsection (a). (c) Termination This section shall have no force or effect on the earlier of— (1) the date that is 5 years after the date of enactment of this Act; or (2) 30 days after the date that the President reports to Congress that the government of the Russian Federation has ceased its destabilizing activities with respect to the sovereignty and territorial integrity of Ukraine. (d) Waiver The President may waive the application of this section if the President reports to the Congress that the waiver is in the national interest of the United States and includes an explanation of the reasons therefor.

Passed the House of Representatives May 11, 2022. Cheryl L. Johnson, Clerk.

tv_txt: IB Union Calendar No. 238 117th CONGRESS 2d Session H. R. 6891 [Report No. 117–318, Part I] IN THE HOUSE OF REPRESENTATIVES March 2, 2022 Mrs. Wagner introduced the following bill; which was referred to the Committee on Financial Services , and in addition to the Committee on Foreign Affairs , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned May 10, 2022 Additional sponsors: Mr. Kustoff , Mr. Cole , Mr. Budd , Mr. Barr , Mr. Timmons , Mr. Sessions , Mr. Sherman , Mr. Rose , Mrs. Lee of Nevada , and Mr. Gottheimer May 10, 2022 Reported from the Committee on Financial Services with an amendment Strike out all after the enacting clause and insert the part printed in italic May 10, 2022 Committee on Foreign Affairs discharged; committed to the Committee of the Whole House on the State of the Union, and ordered to be printed For text of introduced bill, see copy of bill as introduced on March 2, 2022 A BILL To exclude government officials of the Russian Federation from certain international meetings, and for other purposes.

1. Short title This Act may be cited as the Isolate Russian Government Officials Act of 2022 . 2. Exclusion of government officials of the Russian Federation (a) Policy of the United States It is the policy of the United States to seek to exclude government officials of the Russian Federation, to the maximum extent practicable, from participation in meetings, proceedings, and other activities of the following organizations: (1) Group of 20. (2) Bank for International Settlements. (3) Basel Committee for Banking Standards. (4) Financial Stability Board. (5) International Association of Insurance Supervisors. (6) International Organization of Securities Commissions. (b) Implementation The Secretary of the Treasury, the Board of Governors of the Federal Reserve System, and the Securities and Exchange Commission, as the case may be, shall take all necessary steps to advance the policy set forth in subsection (a). (c) Termination This section shall have no force or effect on the earlier of— (1) the date that is 5 years after the date of enactment of this Act; or (2) 30 days after the date that the President reports to Congress that the government of the Russian Federation has ceased its destabilizing activities with respect to the sovereignty and territorial integrity of Ukraine. (d) Waiver The President may waive the application of this section if the President reports to the Congress that the waiver is in the national interest of the United States and includes an explanation of the reasons therefor.

May 10, 2022 Committee on Foreign Affairs discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed