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S 3322 117th Congress Senate International Affairs Congressional oversight Europe Foreign property Germany Oil and gas Pipelines Presidents and presidential powers, Vice Presidents Russia Sanctions Sovereignty, recognition, national governance and status Ukraine War and emergency powers

CAATSA Implementation Act of 2021

Introduced: December 7, 2021 Introduced by: Cruz, Ted Republican · Texas 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
Dec 7, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 7, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

CAATSA Implementation Act of 2021

This bill requires the President to impose property-blocking sanctions with respect to Nord Stream 2 AG, the entity that operates the Nord Stream 2 pipeline designed to carry natural gas exports from Russia to Germany.

Furthermore, before the President terminates such sanctions or removes the application of these sanctions to a particular person, the President must report to Congress the reasons for such an action and comply with other related requirements. These requirements, which currently apply to certain other sanctions, include (1) requiring specified waiting periods after submitting the report before the President may take the action, and (2) prohibiting the President from taking the action if a joint resolution of disapproval is enacted.

What's happening now December 7, 2021

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

 Committees of jurisdiction 1