Sec. 201. Imposition of sanctions

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If the Director of National Intelligence determines under section 101 that the Government of the Russian Federation, or any person acting as an agent of or on behalf of that government, knowingly engaged in interference in a United States election, the President shall, not later than 10 days after such determination is made, impose the following sanctions: The Secretary of the Treasury shall impose one or more of the following sanctions on three or more entities specified in subparagraph (B):

Pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.), blocking and prohibiting all transactions in all property and interests in property of the entity if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. Prohibiting, or imposing strict conditions on, the opening or maintaining in the United States of a correspondent account or payable-through account by the entity.

The entities specified in this subparagraph are the following: Sberbank. VTB Bank. Gazprombank. Vnesheconombank. Bank of Moscow. Rosselkhozbank. The Secretary of the Treasury shall, pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.), block and prohibit all transactions in all property and interests in property of two or more of the entities specified in subparagraph

(B)if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. The entities specified in this subparagraph are the following: Gazprom. Rosneft. Lukoil. The Secretary of the Treasury shall, pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.), block and prohibit all transactions in all property and interests in property of any entity described in subparagraph

(B)if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. An entity described in this subparagraph is— an entity that the President has determined under section 231 of the Countering Russian Influence in Europe and Eurasia Act of 2017 ( 22 U.S.C. 9525 ) engages in a significant transaction with a person that is part of, or operates for or on behalf of, the defense or intelligence sectors of the Government of the Russian Federation; or an entity in which an entity described in clause

(i)has an ownership interest of 50 percent or more. The Secretary of the Treasury shall, pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.), block and prohibit all transactions in all property and interests in property of any entity described in subparagraph

(B)in which the Government of the Russian Federation has an ownership interest of 25 percent or more if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. The entities described in this subparagraph are the following: Any entity in the railway or metals and mining sector of the economy of the Russian Federation. Any aerospace company or air carrier, including any subsidiary of such a company or carrier. The Secretary of the Treasury shall, pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.), block and prohibit all transactions in all property and interests in property of any entity in which an entity owned 50 percent or more in the aggregate by the Government of the Russian Federation acquires, on or after the date of the enactment of this Act, an ownership interest of 20 percent or more if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. The Secretary of the Treasury shall, pursuant to such regulations as the Secretary may prescribe, prohibit all transactions within the United States or by a United States person, in— sovereign debt of the Government of the Russian Federation issued on or after the date of the enactment of this Act, including governmental bonds; and debt of any entity owned or controlled by the Russian Federation issued on or after such date of enactment, including bonds. The President shall impose with respect to any senior foreign political figure or oligarch in the Russian Federation described in subsection (a)(1) of section 241 of the Countering Russian Influence in Europe and Eurasia Act of 2017 (title II of Public Law 115–44 ; 131 Stat. 922) and identified in the report required by that section the following sanctions: Pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.), the President shall block and prohibit all transactions in all property and interests in property of the individual if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. The President shall deny a visa to, and exclude from the United States, the individual, and revoke in accordance with section 221(i) of the Immigration and Nationality Act ( 8 U.S.C. 1201(i) ) any visa or other documentation of the individual. Not later than one year after the date of the enactment of this Act, and annually thereafter, the President shall submit to the committees specified in paragraph

(2)a report— identifying the 6 largest financial institutions owned or controlled by the Government of the Russian Federation, determined by estimated net assets; identifying the 3 largest energy companies in the Russian Federation, in terms of estimated net assets; and recommending entities that should be subject to sanctions pursuant to paragraphs

(1)and

(2)of subsection (a), as appropriate. The committees specified in this paragraph are— the Committee on Banking, Housing, and Urban Affairs and the Committee on Foreign Relations of the Senate; and the Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives. The requirement to impose sanctions under subsection

(a)shall not include the authority to impose sanctions with respect to the importation of goods (as defined in section 16 of the Export Administration Act of 1979 ( 50 U.S.C. 4618 ) (as continued in effect pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.))). Subsection (a)(7)(B) shall not apply with respect to the admission of an alien to the United States if such admission is necessary to comply with United States obligations under the Agreement between the United Nations and the United States of America regarding the Headquarters of the United Nations, signed at Lake Success June 26, 1947, and entered into force November 21, 1947, under the Convention on Consular Relations, done at Vienna April 24, 1963, and entered into force March 19, 1967, or under other international agreements. The President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act ( 50 U.S.C. 1702 and 1704) to carry out this section. A person that violates, attempts to violate, conspires to violate, or causes a violation of this section or any regulation, license, or order issued to carry out this section shall be subject to the penalties set forth in subsections

(b)and

(c)of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) to the same extent as a person that commits an unlawful act described in subsection

(a)of that section. The President may suspend sanctions imposed under subsection

(a)on or after the date on which the Director of National Intelligence, in consultation with the Director of the Federal Bureau of Investigation, the Director of the National Security Agency, and the Director of the Central Intelligence Agency, submits to the appropriate congressional committees and leadership a certification that the Government of the Russian Federation has not engaged in interference in United States elections for at least 2 presidential election cycles. The President may terminate sanctions imposed under subsection

(a)on or after the date on which the Director of National Intelligence, in consultation with the Director of the Federal Bureau of Investigation, the Director of the National Security Agency, and the Director of the Central Intelligence Agency, submits to the appropriate congressional committees and leadership a certification that— the Government of the Russian Federation has not engaged in interference in United States elections for at least 2 presidential election cycles; and the President has received reliable assurances that the Government of the Russian Federation will not engage in such interference in the future.

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