Sec. 203. Imposition of sanctions with respect to transactions with certain Russian political figures and oligarchs
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On and after the date that is 30 days after the date of the enactment of this Act, the President shall exercise all of the powers granted to the President under the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.) to the extent necessary to block and prohibit all transactions in property and interests in property of each person described in subsection (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 persons described in this subsection are— political figures, oligarchs, and other persons that facilitate illicit and corrupt activities, directly or indirectly, on behalf of the President of the Russian Federation, Vladimir Putin, and persons acting for or on behalf of such political figures, oligarchs, and persons; Russian parastatal entities that facilitate illicit and corrupt activities, directly or indirectly, on behalf of the President of the Russian Federation, Vladimir Putin; family members of persons described in paragraph
(1)or
(2)that derive significant benefits from such illicit and corrupt activities; and persons, including financial institutions, that knowingly engage in significant transactions with persons described in paragraph (1), (2), or (3). Section 241 of the Countering America’s Adversaries Through Sanctions Act ( Public Law 115–44 ; 131 Stat. 922) is amended— by redesignating subsections
(b)and
(c)as subsections
(c)and (d), respectively; by inserting after subsection
(a)the following: Not later than 180 days after the date of the enactment of the Russia Bounty Response Act of 2020 , the Secretary of the Treasury, in consultation with the Director of National Intelligence and the Secretary of State, shall submit to the appropriate congressional committees an updated report on oligarchs and parastatal entities of the Russian Federation that builds on the report submitted under subsection
(a)on January 29, 2018, by— including the matters described in paragraphs
(1)through
(5)of subsection (a); and excluding from the portion of the report responsive to paragraph
(1)of subsection
(a)any individual with respect to which there is no credible information suggesting the individual has the close financial or political relationships, or engages in the illicit activities, described in subsection (a). ; and in subsection (c), as redesignated by paragraph (1), by striking The report required under subsection
(a)and inserting The reports required by subsections
(a)and
(b). Not later than 60 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees and leadership a strategy describing how the President will coordinate with the European Union and its individual member countries with respect to efforts to deny Russian persons described in the updated report required by subsection
(b)of section 241 of the Countering America’s Adversaries Through Sanctions Act, as amended by subsection (c), access to financial institutions or real estate in the European Union or United States.
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- 131 Stat. 922
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Sec. 203
Imposition of sanctions with respect to transactions with certain Russian political figures and oligarchs
Stat.131 Stat. 922
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