Sec. 2. Reports on, and authorization of imposition of sanctions with respect to, the provision of specialized financial messaging services to the Central Bank of the Russian Federation
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Not later than 30 days after the date of the enactment of this Act, and every 90 days thereafter, the Secretary of the Treasury shall submit to the appropriate congressional committees a report that contains— a list of all persons that the Secretary has identified that directly provide specialized financial messaging services to, or enable or facilitate direct or indirect access to such messaging services for, the Central Bank of the Russian Federation; and a detailed assessment of the status of efforts by the Secretary to end the direct provision of such messaging services to, and the enabling or facilitation of direct or indirect access to such messaging services for, the Central Bank of the Russian Federation.
For purposes of paragraph
(1)and subsection (b), enabling or facilitating direct or indirect access to specialized financial messaging services for the Central Bank of Russia includes doing so by serving as an intermediary financial institution with access to such messaging services. A report submitted under paragraph
(1)shall be submitted in unclassified form but may contain a classified annex. Except as provided in paragraph (2), if, on or after the date that is 60 days after the date of the enactment of this Act, a person knowingly and directly provides specialized financial messaging services to, or knowingly enable or facilitate direct or indirect access to such messaging services for, the Central Bank of the Russian Federation, the President shall impose sanctions described in subsection
(c)with respect to the person. The President may not impose sanctions pursuant to paragraph
(1)with respect to a person for directly providing specialized financial messaging services to, or enabling or facilitating direct or indirect access to such messaging services for, the Central Bank of the Russian Federation if— the person is subject to a sanctions regime under its governing foreign law that requires it to eliminate the knowing provision of such messaging services to, and the knowing enabling and facilitation of direct or indirect access to such messaging services for the Central Bank of Russia; and the President determines that the person has, pursuant to that sanctions regime, terminated the knowing provision of such messaging services to, and the knowing enabling and facilitation of direct or indirect access to such messaging services for, the Central Bank of Russia. The sanctions described in this subsection are the following: 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 block and prohibit all transactions in property and interests in property of the foreign person 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 alien who the Secretary of State or the Secretary of Homeland Security (or a designee of one of such Secretaries) knows, or has reason to believe, has knowingly engaged in any activity described in subsection (b)(1) is— inadmissible to the United States; ineligible to receive a visa or other documentation to enter the United States; and otherwise ineligible to be admitted or paroled into the United States or to receive any other benefit under the Immigration and Nationality Act ( 8 U.S.C. 1101 et seq. ). The issuing consular officer, the Secretary of State, or the Secretary of Homeland Security (or a designee of one of such Secretaries) shall, in accordance with section 221(i) of the Immigration and Nationality Act ( 8 U.S.C. 1201(i) ), revoke any visa or other entry documentation issued to an alien described in clause
(i)regardless of when the visa or other entry documentation is issued. A revocation under subclause
(I)shall take effect immediately and shall automatically cancel any other valid visa or entry documentation that is in the alien’s possession. The sanctions described under paragraph (1)(B) shall not apply with respect to an alien if admitting or paroling the alien into the United States is necessary to permit the United States to comply with the Agreement regarding the Headquarters of the United Nations, signed at Lake Success June 26, 1947, and entered into force November 21, 1947, between the United Nations and the United States, or other applicable international obligations. Sanctions under paragraph
(1)shall not apply to any authorized intelligence, law enforcement, or national security activities of the United States. Notwithstanding any other provision of this section, the authorities and requirements to impose sanctions under this section shall not include the authority or a requirement to impose sanctions on the importation of goods. In this subparagraph, the term good means any article, natural or man-made substance, material, supply or manufactured product, including inspection and test equipment, and excluding technical data. The penalties provided for in subsections
(b)and
(c)of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) shall apply to a person that violates, attempts to violate, conspires to violate, or causes a violation of regulations promulgated to carry out this section or the sanctions imposed pursuant to this section to the same extent that such penalties apply to a person that commits an unlawful act described in section 206(a) of that Act. The President may exercise all authorities provided to the President under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) for purposes of carrying out this section. The President shall, not later than 60 days after the date of the enactment of this Act, promulgate regulations as necessary for the implementation of this section. The President shall have the authority to waive the sanctions required by subsection
(b)for renewable periods of 30 days if the President provides a written certification to the appropriate congressional committees, which shall also be made publicly available on a website maintained by the Federal Government, that the Russian Federation has ended its annexation of Crimea and has withdrawn all military forces from eastern Ukraine. The President’s authority to issue waivers or licenses with respect to sanctions required by subsection
(b)or pursuant to sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) with regard to prohibitions required by subsection
(b)shall cease to apply beginning on the date that is 1 year after the date of enactment of this Act.
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Sec. 2
Reports on, and authorization of imposition of sanctions with respect to, the provision of specialized financial messaging services to the Central Bank of the Russian Federation
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