Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act of 2022

Bill: 117-s-3798
Sponsor: full_name: Sen. Rubio, Marco [R-FL]
Introduced: 2022-03-10
Policy area: Foreign Trade and International Finance
Latest action: action_date: 2022-03-10
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2022-03-10
action_desc: Introduced in Senate
text: <p><strong>Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act of 2022</strong></p> <p>This bill prohibits the importation of crude oil, petroleum, petroleum products, and liquefied natural gas from Venezuela and Iran. The prohibition does not apply to those products seized by the U.S. government for violations of sanctions.</p>

tv_txt: II 117th CONGRESS 2d Session S. 3798 IN THE SENATE OF THE UNITED STATES March 10 (legislative day, March 7), 2022 Mr. Rubio (for himself, Mr. Sullivan , Mr. Daines , Mr. Cramer , Mr. Marshall , Mr. Tillis , Mr. Hoeven , Mr. Scott of Florida , Mr. Lankford , Mr. Inhofe , and Mr. Tuberville ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To prohibit the importation of crude oil, petroleum, petroleum products, and liquefied natural gas from Venezuela and Iran.

1. Short title This Act may be cited as the Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act of 2022 . 2. Prohibition on importation of crude oil, petroleum, petroleum products, and liquefied natural gas from Venezuela and Iran (a) Finding Congress makes the following findings: (1) Article XXI of the General Agreement on Tariffs and Trade provides for security exceptions to the rules of the World Trade Organization to allow a member of the World Trade Organization to take actions necessary for the protection of its essential security interests during time of war or other emergency in international relations or to prevent any contracting party from taking any action in pursuance of its obligations under the United Nations Charter for the maintenance of international peace and security . (2) The actions of the Bolivarian Republic of Venezuela and the Islamic Republic of Iran to finance and facilitate the participation of foreign terrorist organizations in ongoing conflicts and illicit activities, in a manner that is detrimental to the security interests of the United States, warrants taking action under that Article. (b) Prohibition The importation of crude oil, petroleum, petroleum products, and liquefied natural gas from Venezuela and Iran is prohibited. (c) Exception The prohibition under subsection (b) does not apply with respect to crude oil, petroleum, petroleum products, or liquefied natural gas seized by the United States Government for violations of sanctions imposed by the United States. (d) Effective date The prohibition under subsection (b) applies with respect to articles entered, or withdrawn from warehouse for consumption, on or after the date that is 15 days after the date of the enactment of this Act.