Sec. 202. Reports on certain foreign financial institutions
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The Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014 ( Public Law 113–95 ; 22 U.S.C. 8901 et seq. ) is amended by inserting after section 10 (as added by section 201 of this Act) the following new section: Not later than 30 days after the date of the enactment of this section, and every 180 days thereafter for a period not to exceed 2 years, the Secretary of State and the Secretary of the Treasury shall jointly submit to the appropriate congressional committees a report on— foreign financial institutions that are in direct control of Government of Ukraine state-owned or controlled assets in a manner determined by the Secretary of State and the Secretary of the Treasury to be in violation of the sovereignty, independence, or territorial integrity of Ukraine; foreign financial institutions determined by the Secretary of State and the Secretary of the Treasury to be complicit in illicit financial activity, including money laundering, terrorism and proliferation financing, transnational organized crime, or misappropriation of state assets, that are— organized under the laws of the Russian Federation and have a capitalization of not less than $20,000,000,000; or owned or controlled by a foreign person whose property or interests in property have been blocked pursuant to any covered Executive order; and foreign financial institutions that are directly or indirectly assisting or otherwise aiding the violation of sovereignty, independence, and territorial integrity of Ukraine.
The report required to be submitted under this subsection shall be submitted in unclassified form but may include a classified annex. In this section: The term appropriate congressional committees means— the Committee on Foreign Affairs, the Committee on Financial Services, the Committee on Ways and Means, and the Committee on the Judiciary of the House of Representatives; and Committee on Foreign Relations, the Committee on Banking, Housing, and Urban Affairs, and the Committee on the Judiciary of the Senate.
The term covered Executive order has the meaning given the term in section 10(f) of this Act. .
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