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H.R. 7066 117th Congress House

Russia and Belarus Financial Sanctions Act of 2022

Official title: To require United States financial institutions to ensure entities and persons owned or controlled by the institution comply with financial sanctions on the Ru… Show full official titleShow less

Official title: To require United States financial institutions to ensure entities and persons owned or controlled by the institution comply with financial sanctions on the Russian Federation and the Republic of Belarus to the same extent as the institution itself, and for other purposes.

Introduced: March 11, 2022 Introduced by: Brad Sherman Democratic · California See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBanking and financial institutions regulationBelarusCredit and credit markets
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EuropeForeign and international bankingInternational monetary system and foreign exchangeRussiaSanctionsSecurities
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 12, 2022
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 11, 2022
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 418 - 2 (Roll no. 159).
May 11, 2022
Considered as unfinished business. (consideration: CR H4838)
May 11, 2022
Motion to reconsider laid on the table Agreed to without objection.
May 10, 2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-319, Part I.
May 10, 2022
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
May 10, 2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 7066.
May 10, 2022
Considered under suspension of the rules. (consideration: CR H4748-4750)
May 10, 2022
Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
May 10, 2022
Placed on the Union Calendar, Calendar No. 239.
May 10, 2022
Committee on Agriculture discharged.
Mar 22, 2022
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Mar 17, 2022
Committee Consideration and Mark-up Session Held.
Mar 17, 2022
Ordered to be Reported in the Nature of a Substitute by Voice Vote.
Mar 11, 2022
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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 11, 2022
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
May 11, 2022 House · vote #159 On Motion to Suspend the Rules and Pass, as Amended Passed 418–2 See who voted →
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 Latest action May 12, 2022

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Russia and Belarus Financial Sanctions Act of 2022

This bill requires a U.S. financial institution to take all necessary and available actions to ensure any entity or person owned or controlled by such institution complies with financial sanctions applicable to Russia or Belarus to the same extent required of that institution.

 Related & companion bills 1
  • HR 7163 Sanctioning Putin’s Enablers Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Garcia, Sylvia R.
Texas · Mar 17, 2022
 R
Hill, J. French
Arkansas · Mar 16, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7066: Russia and Belarus Financial Sanctions Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7066/
MLA
"H.R. 7066: Russia and Belarus Financial Sanctions Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7066/.
Bluebook (legal)
H.R. 7066, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7066/.
Markdown link
[H.R. 7066: Russia and Belarus Financial Sanctions Act of 2022](https://openamerica.io/bill/117-HR-7066/)
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