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H.R. 6423 115th Congress House

Punishing Continued Occupation of Ukraine Act

Official title: To impose sanctions with respect to certain Russian financial institutions.

Introduced: July 18, 2018 Introduced by: Steve Cohen Democratic · Tennessee See on congress.gov
International Affairs Bank accounts, deposits, capitalConflicts and warsEuropeForeign and international banking
More subjectsShow fewer subjects
Foreign propertyPresidents and presidential powers, Vice PresidentsRussiaSanctionsSovereignty, recognition, national governance and statusUkraineWar and emergency powers
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 18, 2018
Referred to the House Committee on Foreign Affairs.
Jul 18, 2018
Introduced in House
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 Latest action July 18, 2018

Referred to the House Committee on Foreign Affairs.

 Plain-English summary Congressional Research Service

Punishing Continued Occupation of Ukraine Act

This bill directs the President to periodically determine whether Russia is in compliance with the Minsk agreement to halt the war in eastern Ukraine.

If Russia is not in compliance with the agreement the President shall block and prohibit all transactions of U.S.-sited or -controlled property and property interests of at least three Russian financial institutions that are substantially affiliated with the Putin regime. (One of the financial institutions to be sanctioned is Vnesheconombank.)

The President may terminate the application of sanctions upon submission to Congress of notice and justification for the termination.

 Related & companion bills 1
  • HR 6437 Secure America from Russian Interference Act of 2018
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6423: Punishing Continued Occupation of Ukraine Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-6423/
MLA
"H.R. 6423: Punishing Continued Occupation of Ukraine Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-6423/.
Bluebook (legal)
H.R. 6423, 115th Cong. (2026), https://openamerica.io/bill/115-HR-6423/.
Markdown link
[H.R. 6423: Punishing Continued Occupation of Ukraine Act](https://openamerica.io/bill/115-HR-6423/)
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