S 4054
117th Congress
Senate
Foreign Trade and International Finance
Energy storage, supplies, demand
Europe
Foreign and international banking
Foreign property
Licensing and registrations
Oil and gas
Russia
Sanctions
Trade restrictions
A bill to terminate General License No. 8A of the Office of Foreign Assets Control of the Department of the Treasury and require the application of sanctions under Executive Order 14024 to the Russian financial institutions listed in General License No. 8A.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 7, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 7, 2022
Introduced in Senate
Plain-English summary
This bill terminates General License No. 8A, which was issued by the Department of the Treasury's Office of Foreign Assets Control to authorize energy-related transactions involving specified Russian financial institutions. Further, the bill applies property-blocking sanctions to those Russian financial institutions listed in the license.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1
Cosponsors
1