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HR 6995 117th Congress House Foreign Trade and International Finance Administrative law and regulatory procedures Europe Financial services and investments Foreign and international corporations Presidents and presidential powers, Vice Presidents Russia Sanctions Securities Trade restrictions U.S. and foreign investments Ukraine War and emergency powers

Russia Trade and Investment Ban Act

Introduced: March 8, 2022 Introduced by: Perry, Scott Republican · Pennsylvania See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 8, 2022
Referred to the Committee on Ways and Means, and in addition to the Committees on Foreign Affairs, and Financial Services, 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.
Mar 8, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Russia Trade and Investment Ban Act

This bill requires the President to establish and maintain a total embargo on all trade with Russia, Crimea, and the regions of Donetsk and Luhansk in Ukraine.

Additionally, the bill prohibits the purchase or sale (except for divestment purposes) of any publicly traded securities or related derivatives of entities incorporated in Russia, Crimea, or the regions of Donetsk and Luhansk in Ukraine, or their affiliates.

The bill prohibits a U.S. person or person within the United States from evading or avoiding sanctions provided for by the bill.

What's happening now March 8, 2022

Referred to the Committee on Ways and Means, and in addition to the Committees on Foreign Affairs, and Financial Services, 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.

 Committees of jurisdiction 3