Sec. 602. Sanctions related to interference of the Russian Federation with democratic processes and elections
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Part 2 of subtitle A of title II of the Countering America's Adversaries Through Sanctions Act ( 22 U.S.C. 9521 et seq.) is amended— by redesignating sections 235, 236, 237, and 238 as sections 239E, 239F, 239H, and 239I, respectively; and by inserting after section 234 the following: On and after the date that is 180 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2019 , the President shall impose the sanctions described in section 224(b) with respect to— 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, engaging in significant transactions with persons described in paragraph (1), (2), or (3). On and after the date that is 60 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2019 , the President shall impose the sanctions described in section 224(b) with respect to a person, including any financial institution, that the President determines— knowingly engages in significant transactions with any person in the Russian Federation that supports or facilitates malicious cyber activities; or is knowingly owned or controlled by, or knowingly acts or purports to act for or on behalf of, directly or indirectly, a person that engages in significant transactions described in paragraph (1). On and after the date that is 180 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2019 , the President shall impose five or more of the sanctions described in section 239E with respect to a person if the President determines that the person knowingly, on or after such date of enactment, makes an investment described in subsection
(b)in a liquefied natural gas export facility located outside of the Russian Federation. An investment described in this subsection is an investment that— directly and significantly contributes to the ability of the Russian Federation to construct liquefied natural gas export facilities outside of the Russian Federation; and has a fair market value of $1,000,000 or more; or during a 12-month period, has an aggregate fair market value of $5,000,000 or more. Not later than 60 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2019 , the President shall prescribe regulations prohibiting United States persons from engaging in transactions with, providing financing for, or otherwise dealing in, Russian sovereign debt issued on or after the date that is 90 days after such date of enactment. In this section, the term Russian sovereign debt means— bonds issued by the Central Bank, the National Wealth Fund, or the Federal Treasury of the Russian Federation, or agents or affiliates of any of those entities, with a maturity of more than 14 days; foreign exchange swap agreements with the Central Bank, the National Wealth Fund, or the Federal Treasury of the Russian Federation with a duration of more than 14 days; and any other financial instrument, the duration or maturity of which is more than 14 days, that— was issued by a Russian financial institution on behalf of the Government of the Russian Federation; or the President determines otherwise represents the sovereign debt of the Government of the Russian Federation. On and after the date that is 90 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2019 , the President shall impose the sanctions described in section 224(b)(1) with respect to any Russian financial institution that the President determines has, on or after such date of enactment, provided financial or other support for interference by the Government of the Russian Federation in the democratic process or elections of any country other than the Russian Federation. .
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Sec. 602
Sanctions related to interference of the Russian Federation with democratic processes and elections
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