Sec. 202. 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 foreign 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 30 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 2 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. Rosselkhozbank. The President shall prohibit any new investment made in the United States or by a United States person in the energy sector of the Russian Federation or an energy company of the Russian Federation. The President 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 foreign person that makes a new investment in the energy sector of the Russian Federation or an energy company of the Russian Federation 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.

Not later than 60 days after the date of the enactment of this Act, the President shall prescribe regulations to define, for purposes of this paragraph, the term new investment in a manner that— includes significant upgrades or expansions to projects and construction underway as of the date of the enactment of this Act; and does not include routine maintenance of such projects and construction. 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 determines pursuant to section 231 of the Countering Russian Influence in Europe and Eurasia Act of 2017 ( 22 U.S.C. 9525 ) 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 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 identified under subsection (a)(2)(B) or (b)(2) of section 101 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. Information about the denial or revocation of a visa or other documentation under subparagraph (A)(ii) shall be made available to the public. 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 5 largest financial institutions owned or controlled by the Government of the Russian Federation, determined by estimated net assets. 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. Subsection (a)(5)(A)(ii) 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 requirement to impose sanctions under subsection

(a)shall not apply with respect to activities of the National Aeronautics and Space Administration. 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 extend the 30-day period specified in subsection (a), except with respect to sanctions under paragraph

(5)of that subsection, for an additional period not to exceed 180 days if the President certifies to the appropriate congressional committees that the extension— is in the national security interest of the United States; and is necessary to enable non-Russian persons impacted by sanctions under subsection

(a)to wind down business prohibited as a result of those sanctions. The President may waive the application of sanctions under subsection

(a)with respect to a person, except sanctions under paragraph

(5)of that subsection, if the President submits to the appropriate congressional committees a determination in writing that— the waiver is in the vital national security interest of the United States; and failing to use the waiver will cause significant adverse harm to the vital national security interests of the United States. 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, the Director of the Central Intelligence Agency, the Secretary of State, the Secretary of the Treasury, and the Attorney General, 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 one Federal election cycle. Not later than 90 days after a suspension of sanctions under paragraph

(1)takes effect, and every 90 days thereafter, the President shall submit to the appropriate congressional committees and leadership a report on whether the Government of the Russian Federation is taking measures to— improve the oversight of and prosecutions relating to interference in United States elections; and credibly demonstrate a significant change in behavior and credibly commit to not engaging in such interference in the future. If the President determines under subparagraph

(A)that the Government of the Russian Federation is not taking measures described in that subparagraph, the President shall reimpose the sanctions suspended under paragraph (1). 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, the Director of the Central Intelligence Agency, the Secretary of State, the Secretary of the Treasury, and the Attorney General, 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 Federal election cycles; and the President has received credible commitments from the Government of the Russian Federation that that Government will not engage in such interference in the future.

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Sec. 202

Imposition of sanctions

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