CAATSA Implementation Act of 2021

Bill: 117-s-3322
Sponsor: full_name: Sen. Cruz, Ted [R-TX]
Introduced: 2021-12-07
Policy area: International Affairs
Subjects: Congressional oversight

Europe

Foreign property

Germany

Oil and gas

Pipelines

Presidents and presidential powers, Vice Presidents

Russia

Sanctions

Sovereignty, recognition, national governance and status

Ukraine

War and emergency powers
Latest action: action_date: 2021-12-07
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2021-12-07
action_desc: Introduced in Senate
text: <p><strong>CAATSA Implementation Act of 2021</strong></p> <p>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. </p> <p>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.</p>

tv_txt: II 117th CONGRESS 1st Session S. 3322 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.

1. Short title This Act may be cited as the CAATSA Implementation Act of 2021 . 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 .