H.R. 2548: Sanctioning Russia Act of 2025
The "Sanctioning Russia Act of 2025" proposes a series of sanctions aimed at Russia, contingent upon the country's actions regarding Ukraine. The main objectives of the bill are outlined as follows:
Sanctions Imposition
The bill empowers the government to impose sanctions on Russia under specific circumstances, including:
- If Russia does not engage in negotiations for peace with Ukraine.
- If Russia violates any existing agreements related to the conflict.
- If Russia initiates military actions against Ukraine.
Targets of Sanctions
The sanctions would be comprehensive and could target:
- Individuals: Sanctions may be directed at specific persons associated with the Russian government.
- Financial Institutions: Banks and financial entities that have ties to the Russian state or support its military actions could face restrictions.
- Sectors: Key sectors that are linked to the Russian government may be affected, including, but not limited to, energy, defense, and technology.
Implementation Mechanisms
The bill outlines mechanisms for implementing these sanctions, with the intention of holding Russia accountable for its actions and discouraging further aggression. The government may have the authority to freeze assets, prohibit transactions, and impose trade restrictions as necessary.
International Cooperation
The act also emphasizes the importance of working with international allies to strengthen the impact of the sanctions and ensure a coordinated response to Russia's actions.
Reporting Requirements
Additionally, the bill may include provisions for regular reporting to Congress on the effectiveness of the sanctions and any adjustments that may be needed to address changes in the situation on the ground.
Duration and Review
The sanctions would be subject to periodic review, allowing for assessments on whether they should continue, be adjusted, or be lifted based on Russia's compliance or changes in its behavior.
Relevant Companies
- XOM - Exxon Mobil Corporation: As a major oil company involved in Russian energy projects, it could be significantly affected by sanctions targeting the energy sector.
- CVX - Chevron Corporation: Similar to Exxon, Chevron's operations in Russia may face restrictions under the proposed sanctions.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
26 bill sponsors
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TrackBrian K. Fitzpatrick
Sponsor
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TrackDon Bacon
Co-Sponsor
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TrackMichael Baumgartner
Co-Sponsor
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TrackSheila Cherfilus-McCormick
Co-Sponsor
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TrackGabe Evans
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TrackCleo Fields
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TrackMike Flood
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TrackDaniel S. Goldman
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TrackJ. French Hill
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TrackSteny H. Hoyer
Co-Sponsor
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TrackMarcy Kaptur
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TrackJennifer Kiggans
Co-Sponsor
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TrackGreg Landsman
Co-Sponsor
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TrackMichael Lawler
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TrackMichael T. McCaul
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TrackMax L. Miller
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TrackJoseph D. Morelle
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TrackSeth Moulton
Co-Sponsor
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TrackEleanor Holmes Norton
Co-Sponsor
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TrackMike Quigley
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TrackTerri A. Sewell
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TrackEric Swalwell
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TrackMichael R. Turner
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TrackAnn Wagner
Co-Sponsor
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TrackNikema Williams
Co-Sponsor
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TrackJoe Wilson
Co-Sponsor
Actions
2 actions
| Date | Action |
|---|---|
| Apr. 01, 2025 | Introduced in House |
| Apr. 01, 2025 | Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Financial Services, Ways and Means, and Oversight and Government Reform, 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. |
Corporate Lobbying
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