Sec. 241. REPORT ON OLIGARCHS AND PARASTATAL ENTITIES OF THE RUSSIAN FEDERATION

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## SEC. 241 REPORT ON OLIGARCHS AND PARASTATAL ENTITIES OF THE RUSSIAN FEDERATION ###

(a)In General Not later than 180 days after the date of the enactment of this Act, 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 a detailed report on the following: ####

(1)Senior foreign political figures and oligarchs in the Russian Federation, including the following: #####

(A)An identification of the most significant senior foreign political figures and oligarchs in the Russian Federation, as determined by their closeness to the Russian regime and their net worth. #####

(B)An assessment of the relationship between individuals identified under subparagraph

(A)and President Vladimir Putin or other members of the Russian ruling elite. #####

(C)An identification of any indices of corruption with respect to those individuals. #####

(D)The estimated net worth and known sources of income of those individuals and their family members (including spouses, children, parents, and siblings), including assets, investments, other business interests, and relevant beneficial ownership information. #####

(E)An identification of the non-Russian business affiliations of those individuals. ####

(2)Russian parastatal entities, including an assessment of the following: #####

(A)The emergence of Russian parastatal entities and their role in the economy of the Russian Federation. #####

(B)The leadership structures and beneficial ownership of those entities. #####

(C)The scope of the non-Russian business affiliations of those entities. ####

(3)The exposure of key economic sectors of the United States to Russian politically exposed persons and parastatal entities, including, at a minimum, the banking, securities, insurance, and real estate sectors. ####

(4)The likely effects of imposing debt and equity restrictions on Russian parastatal entities, as well as the anticipated effects of adding Russian parastatal entities to the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury. ####

(5)The potential impacts of imposing secondary sanctions with respect to Russian oligarchs, Russian state-owned enterprises, and Russian parastatal entities, including impacts on the entities themselves and on the economy of the Russian Federation, as well as on the economies of the United States and allies of the United States. ###

(b)Form of Report The report required under subsection

(a)shall be submitted in an unclassified form, but may contain a classified annex. ###

(c)Definitions In this section: ####

(1)Appropriate congressional committees The term “appropriate congressional committees” means— #####

(A)the Committee on Banking, Housing, and Urban Affairs, the Committee on Foreign Relations, and the Committee on Finance of the Senate; and #####

(B)the Committee on Foreign Affairs, the Committee on Financial Services, and the Committee on Ways and Means of the House of Representatives. ####

(2)Senior foreign political figure The term “senior foreign political figure” has the meaning given that term in section 1010.605 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling).