Sec. 204. Limitation on Russian access to United States oil and gas technology
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If the Government of the Russian Federation has not withdrawn substantially all of the armed forces of the Russian Federation from the immediate vicinity of the eastern border of Ukraine by not later than the date that is 30 days after the date of the enactment of this Act, or agents of the Russian Federation do not cease taking active measures to destabilize the control of the Government of Ukraine over eastern Ukraine on or after that date (including through active support of efforts to unlawfully occupy facilities of the Government of Ukraine), the Secretary of Commerce, in consultation with the Secretary of State, shall revise the Export Administration Regulations under subchapter C of chapter VII of title 15, Code of Federal Regulations, to strictly limit the transfer or export by any United States person of any advanced technology described in subsection
(b)to any person in the Russian Federation or any citizen of the Russian Federation. Advanced technology described in this subsection is advanced technology that— is developed or controlled by a United States person and is not available from a person that is not a United States person; and relates to the discovery, exploration, or extraction of onshore or offshore oil or natural gas deposits, including the discovery, exploration, or extraction of oil or natural gas deposits in shale. The President may authorize a transaction for the transfer or export by a United States person of an advanced technology described in subsection
(b)if the President determines that such authorization is in the national security interests of the United States. The prohibition under subsection
(a)shall remain in effect until such time as the President— determines that such regulations are no longer warranted or appropriate; and submits a notification of and justification for that determination to— the Committee on Foreign Relations, the Committee on Appropriations, and the Committee on Energy and Natural Resources of the Senate; and the Committee on Foreign Affairs, the Committee on Appropriations, and the Committee on Energy and Commerce of the House of Representatives. The President shall issue such regulations, licenses, and orders as are necessary to carry out this section.