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H.R. 5512 118th Congress House

Russia and Belarus Financial Sanctions Act of 2023

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: September 14, 2023 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 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 13, 2023
Placed on the Union Calendar, Calendar No. 255.
Dec 13, 2023
Committee on Agriculture discharged.
Dec 13, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-316, Part I.
Sep 20, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 0.
Sep 20, 2023
Committee Consideration and Mark-up Session Held
Sep 14, 2023
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.
Sep 14, 2023
Introduced in House
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 Latest action December 13, 2023

Placed on the Union Calendar, Calendar No. 255.

 Plain-English summary Congressional Research Service

Russia and Belarus Financial Sanctions Act of 2023

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. 

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Garcia, Sylvia R.
Texas · Sep 18, 2023
 R
Hill, J. French
Arkansas · Sep 18, 2023
 D
Beatty, Joyce
Ohio · Sep 14, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5512: Russia and Belarus Financial Sanctions Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5512/
MLA
"H.R. 5512: Russia and Belarus Financial Sanctions Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5512/.
Bluebook (legal)
H.R. 5512, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5512/.
Markdown link
[H.R. 5512: Russia and Belarus Financial Sanctions Act of 2023](https://openamerica.io/bill/118-HR-5512/)
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