POWERS Act

Bill: 117-s-1764
Sponsor: full_name: Sen. Cramer, Kevin [R-ND]
Introduced: 2021-05-20
Policy area: International Affairs
Subjects: Asia

Congressional oversight

Energy storage, supplies, demand

Europe

Foreign property

Germany

Marine and inland water transportation

Oil and gas

Pipelines

Russia

Sanctions

Turkey

Visas and passports
Latest action: action_date: 2021-05-20
text: Read twice and referred to the Committee on Foreign Relations.

Summaries:
action_date: 2021-05-20
action_desc: Introduced in Senate
text: <p><strong>Protecting Our Well-being by Expanding Russian Sanctions Act or the POWERS Act</strong></p> <p>This bill expands existing sanctions against foreign persons engaged in certain activities related to the Nord Stream 2 and TurkStream pipelines, two Russian pipelines that were constructed to supply natural gas to Europe.</p> <p>Currently, these sanctions apply to foreign persons that (1) provided pipe-laying vessels for the construction of either pipeline, (2) facilitated certain transactions for such vessels, (3) provided certain underwriting services or insurance for such vessels, or (4) provided certain services for such vessels or Nord Stream 2. Under this bill, these sanctions must also apply to any foreign person that engaged in any transaction with such sanctioned persons.</p> <p>The bill also reinstates any sanctions that were previously waived with respect to Nord Stream 2 AG (the company established to construct and operate the pipeline) or any of its corporate officers. Such reinstated sanctions may not be waived except by an act of Congress.</p>

tv_txt: II 117th CONGRESS 1st Session S. 1764 IN THE SENATE OF THE UNITED STATES May 20, 2021 Mr. Cramer (for himself, Mr. Tillis , Mr. Grassley , Mr. Daines , Mr. Braun , Mr. Marshall , Mr. Scott of Florida , Mrs. Hyde-Smith , Mrs. Capito , Mr. Cornyn , Ms. Ernst , Mr. Hoeven , Mr. Cassidy , and Mr. Wicker ) introduced the following bill; which was read twice and referred to the Committee on Foreign Relations A BILL To expand the Protecting Europe's Energy Security Act of 2019 and require the reinstatement of sanctions waived with respect to Nord Stream 2 AG and corporate officers of Nord Stream 2 AG.

1. Short title This Act may be cited as the Protecting Our Well-being by Expanding Russian Sanctions Act or the POWERS Act . 2. Expansion of Protecting Europe's Energy Security Act of 2019 Section 7503(a)(1)(B) of the Protecting Europe’s Energy Security Act of 2019 (title LXXV of Public Law 116–92 ; 22 U.S.C. 9526 note) is amended— (1) in clause (iv), by striking ; or and inserting a semicolon; (2) in clause (v), by striking ; and and inserting ; or ; and (3) by adding at the end the following: (vi) engaged in any transaction with any foreign person described in any of clauses (i) through (v); and . 3. Reinstatement of waived sanctions Any sanctions under section 7503 of the Protecting Europe’s Energy Security Act of 2019 (title LXXV of Public Law 116–92 ; 22 U.S.C. 9526 note) or any other provision of law waived with respect to Nord Stream 2 AG or any corporate officer of Nord Stream 2 AG before the date of the enactment of this Act— (1) shall be reinstated; and (2) notwithstanding subsection (f) of that section, may not be waived except pursuant to an Act of Congress.