119-hr2913

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2913 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 2913

 To authorize support for Ukraine, and for other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 April 14, 2025

 Mr. Meeks (for himself, Mr. Hoyer, Mr. Connolly, Mr. Doggett, and Mr. 
 Keating) introduced the following bill; which was referred to the 
 Committee on Foreign Affairs, and in addition to the Committees on 
 Transportation and Infrastructure, Intelligence (Permanent Select), 
 Ways and Means, Rules, the Judiciary, Financial Services, Armed 
Services, and the Budget, for a period to be subsequently determined by 
the Speaker, in each case for consideration of such provisions as fall 
 within the jurisdiction of the committee concerned

_______________________________________________________________________

 A BILL

 To authorize support for Ukraine, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Ukraine Support 
Act''.

    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.
 TITLE I--DIPLOMACY AND SUPPORT FOR UKRAINE

Sec. 101. Affirming support for Ukraine.

Sec. 102. Reaffirming the importance of NATO.

Sec. 103. Condemning the kidnapping of Ukrainian children.

Sec. 104. Support for Ukraine under title II of the BUILD Act of 2018.

Sec. 105. Vessel war risk insurance.

Sec. 106. Insurance for Ukraine Initiative.

Sec. 107. Codification of a Special Coordinator for Ukrainian 
 Reconstruction.

Sec. 108. Support for Radio Free Europe.

Sec. 109. Authorizing programs to counter and combat Russian 
 disinformation activities.

Sec. 110. Establishment of Ukraine Reconstruction Trust Fund.

Sec. 111. United States-European Nuclear Energy Cooperation.
 TITLE II--SECURITY ASSISTANCE

Sec. 201. Lend-lease authority.

Sec. 202. Direct loans and foreign military financing.

Sec. 203. Support for Baltic countries.

Sec. 204. Extension of Ukraine Security Assistance Initiative.

Sec. 205. Report on allied and partner military contributions.

Sec. 206. Report on United States-Ukraine intelligence support and 
 cooperation.
 TITLE III--SANCTIONS AND EXPORT CONTROLS

Sec. 301. Sanctions trigger determination.

Sec. 302. Imposition of sanctions with respect to Russian financial 
 institutions.

Sec. 303. Impositions of sanctions with respect to Russian oil and 
 mining industry.

Sec. 304. Imposition of sanctions on certain persons affiliated with or 
 supporting the Government of the Russian 
 Federation.

Sec. 305. Crimea tunnel sanctions.

Sec. 306. Zaporizhzhia nuclear power plant sanctions.

Sec. 307. Rosatom sanctions.

Sec. 308. Imposition of price cap vessel sanctions.

Sec. 309. SWIFT sanctions.

Sec. 310. Russian sovereign debt sanctions.

Sec. 311. Imposition of sanctions on Russia-North Korea cooperation.

Sec. 312. Sanctions for kidnapping Ukrainian children.

Sec. 313. Imposition of dual-use export controls.

Sec. 314. Duties on the Russian Federation.

Sec. 315. Ending Russian oil import loophole.

Sec. 316. Taxing capital gains on Russian sovereign assets.

Sec. 317. Sanctions described.

Sec. 318. Implementation; regulations; penalties.

Sec. 319. Exceptions; waiver.

Sec. 320. Termination.

Sec. 321. Congressional review of Russia sanctions.

Sec. 322. Definitions.

 TITLE I--DIPLOMACY AND SUPPORT FOR UKRAINE

SEC. 101. AFFIRMING SUPPORT FOR UKRAINE.

    (a) 

=== Findings ===
-Congress finds the following:

    (1) On February 24, 2022, the Russian Federation launched 
 an unprovoked and brutal full-scale invasion of Ukraine, 
 violating Ukraine's sovereignty and territorial integrity, 
 subjecting the nation to acts of aggression that have 
 threatened its independence and security.

    (2) For three years, the people of Ukraine have 
 demonstrated extraordinary resilience, courage, and 
 determination in the face of relentless attacks on their homes, 
 communities, sovereignty, and fundamental freedoms.

    (3) Since the beginning of the invasion, Russia has engaged 
 in widespread and systematic war crimes, including--
        (A) deliberate targeting of civilian 
 infrastructure, including residential buildings, 
 schools, hospitals, and evacuation corridors;
        (B) the forced deportation and kidnapping of at 
 least 19,000 Ukrainian children to Russian-controlled 
 territories in an attempt to erase Ukrainian identity;
            (C) the destruction of Ukraine's agricultural and 
 energy infrastructure to create humanitarian crises and 
 disrupt global food supply chains; and
            (D) the use of torture, extrajudicial killings, and 
 mass graves in occupied Ukrainian territories, as 
 documented by the United Nations, the International 
 Criminal Court, and leading human rights organizations.

    (4) Despite these atrocities, the people of Ukraine remain 
 unyielding, demonstrating that their spirit and commitment to 
 self-determination cannot be extinguished.

    (5) The Russian Federation, despite its overwhelming use of 
 force, has suffered catastrophic military losses, with 
 estimates exceeding 800,000 casualties, illustrating that 
 President Vladimir Putin's war of conquest has become both a 
 strategic failure and a humanitarian disaster for Russia.

    (6) Ukraine, despite facing an adversary with a far larger 
 population, army, and military arsenal, continues to fight 
 courageously for its sovereignty, demonstrating its resilience 
 and determination.

    (7) Russia's war has destabilized global security, 
 undermining the principles of sovereignty and nonaggression and 
 emboldening authoritarian regimes seeking to redraw 
 international borders by force.

    (8) The United States, the North Atlantic Treaty 
 Organization

    (NATO) , the European Union, and allied nations 
 have demonstrated historic unity in their support for Ukraine, 
 reaffirming their commitment to upholding international law, 
 territorial integrity, and democratic values.

    (b) Sense of Congress.--It is the sense of Congress that the United 
States--

    (1) recognizes that discussions surrounding the future of 
 Ukraine must include Ukraine;

    (2) condemns in the strongest possible terms the Russian 
 Federation's ongoing war crimes, its targeted destruction of 
 Ukrainian society, and its blatant violations of international 
 law;

    (3) reaffirms its commitment to the people of Ukraine and 
 the principles of sovereignty, independence, and territorial 
 integrity within internationally recognized borders;

    (4) urges the immediate and unconditional withdrawal of all 
 Russian forces from Ukrainian territory, including Crimea and 
 the Donbas, and affirms that any negotiations must be based on 
 Ukraine's sovereignty, not dictated by Russian ultimatums;

    (5) demands international institutions take decisive action 
 to ensure the safe return of at least 19,000 kidnapped 
 Ukrainian children, recognizing that their forced deportation 
 is a war crime and an act of genocide under international law;

    (6) supports the continued prosecution of Vladimir Putin 
 and Russian political and military leaders for war crimes, 
 crimes against humanity, and genocide, reinforcing that those 
 who orchestrate such atrocities must be held accountable before 
 the world; and

    (7) stresses that any sustainable peace deal must be built 
 with Ukraine and our European allies at the table.

SEC. 102. REAFFIRMING THE IMPORTANCE OF NATO.

    (a) 

=== Findings ===
-Congress finds the following:

    (1) The United States and its democratic allies and 
 partners face unprecedented international challenges and 
 evolving threats to global security.

    (2) The North Atlantic Treaty Organization

    (NATO) was 
 founded on April 4, 1949, to counter Soviet expansion, prevent 
 further world wars in Europe, and strengthen transatlantic 
 security, and is built on the democratic principles of freedom, 
 security, and national sovereignty.

    (3) Article 5 of the North Atlantic Treaty underpins the 
 principle of ``collective defense'' and has served as a guiding 
 value of United States foreign policy for over 75 years.

    (4) The United States commitment to Article 5 enhances 
 deterrence against adversaries such as Russia, China, and Iran 
 that seek to spread their malign influence.

    (5) The unity of NATO allies strengthens collective 
 security and the stability of democratic states.

    (6) NATO serves as a bulwark against the proliferation of 
 malign influence, technologies, and destabilizing operations by 
 adversaries.

    (7) Authoritarian regimes such as Russia, China, Iran, and 
 North Korea have increased collaboration in political, 
 economic, and security sectors to undermine democratic 
 principles.

    (8) In the only invocation of Article 5, NATO allies 
 provided military and intelligence support to the United States 
 following the September 11, 2001, attacks, and many NATO allies 
 incurred significant casualties in Afghanistan.

    (9) NATO has remained steadfast in its support for Ukraine, 
 with member countries providing military and non-security 
 assistance, strengthening Ukraine's defense capabilities, and 
 imposing costs on Russia for its illegal invasion.

    (10) Finland and Sweden made the sovereign decision to 
 accede to NATO following Russia's invasion of Ukraine.

    (11) NATO continues to address systemic challenges posed by 
 China to Euro-Atlantic interests and security.

    (12) NATO member states have strengthened their defense and 
 cyber capabilities, including through the Defense Innovation 
 Accelerator for the North Atlantic

    (DIANA) program.

    (b) Sense of Congress.--It is the sense of Congress that--

    (1) the United States reaffirms its full and unwavering 
 commitment to NATO;

    (2) NATO remains vital to United States national security 
 interests and the United States remains fully committed to 
 defending its allies under Article 5 of the North Atlantic 
 Treaty;

    (3) NATO's open door policy is essential to European 
 security, and every sovereign state has the right to determine 
 its security arrangements, including Ukraine;

    (4) the United States remembers and honors the thousands of 
 NATO coalition soldiers who sacrificed their lives following 
 the invocation of Article 5 after the September 11, 2001, 
 attacks;

    (5) all NATO allies should dedicate at least 2 percent of 
 their gross domestic product to national defense or establish 
 concrete plans to meet their 2 percent obligations by the 
 Washington Summit; and

    (6) NATO allies must continue cooperation in advanced 
 defense technologies, counterintelligence, and cybersecurity 
 programs to counter evolving threats from adversaries such as 
 Russia, China, and Iran.

SEC. 103. CONDEMNING THE KIDNAPPING OF UKRAINIAN CHILDREN.

    (a) 

=== Findings ===
-Congress finds the following:

    (1) On January 12, 1951, the Convention on the Prevention 
 and Punishment of the Crime of Genocide (commonly known as the 
 ``Genocide Convention'') entered into force. The Russian 
 Federation is a party to the Convention and is therefore bound 
 by its obligations.

    (2) On February 24, 2022, the Russian Federation escalated 
 its 8-year occupation of sovereign Ukrainian territory by 
 launching a full-scale, unprovoked invasion of Ukraine.

    (3) Russian armed forces have committed widespread and 
 systematic atrocities against Ukrainian civilians, including 
 the targeting of civilian infrastructure and protected sites.

    (4) On March 9, 2022, Russian forces attacked a maternity 
 hospital in Mariupol, Ukraine, resulting in the deaths of 5 
 individuals and injuries to 17 others, in violation of 
 international humanitarian law.

    (5) On March 22, 2022, the Ukrainian Ministry of Foreign 
 Affairs announced that the Russian military had illegally 
 abducted and forcibly transferred 2,389 Ukrainian children from 
 temporarily occupied areas of Ukraine to the Russian 
 Federation.

    (6) On June 2, 2022, Ukrainian President Volodymyr 
 Zelenskyy stated that an estimated 200,000 Ukrainian children 
 had been forcibly transferred to Russia.

    (7) Article II

    (e) of the Genocide Convention defines 
 ``forcibly transferring children of the group to another 
 group'' as an act of genocide.

    (8) Maria Lvova-Belova, Children's Rights Commissioner for 
 the President of Russia, publicly admitted to overseeing the 
 abduction and forced transfer of Ukrainian children and their 
 adoption by Russian families.

    (9) Ukrainian authorities have stated that many abducted 
 children have living family members in Ukraine but have been 
 separated due to Russia's renewed invasion.

    (10) On June 16, 2022, Russian authorities announced that 
 children born in occupied Ukrainian territories after the 
 February 24, 2022, invasion would automatically be deemed 
 Russian citizens, contributing to the erasure of Ukrainian 
 identity.

    (11) On June 22, 2022, the United Nations Human Rights 
 Office of the High Commissioner verified that at least 320 
 children had been killed as a result of Russia's renewed 
 invasion of Ukraine.

    (12) On July 11, 2022, United Nations Secretary-General 
 Antonio Guterres ordered an investigation into the deaths and 
 injuries of Ukrainian children in the context of the conflict.

    (13) On July 13, 2022, Secretary of State Antony J. Blinken 
 called on the Russian Federation to ``immediately halt its 
 systemic filtration operations in Ukraine'', which have 
 resulted in the disappearance, detention, or forcible 
 deportation of between 900,000 and 1,600,000 Ukrainians, 
 including approximately 260,000 children.

    (b) Sense of Congress.--It is the sense of Congress that--

    (1) the abduction and forcible transfer of children and 
 facilitation of illegal adoptions of Ukrainian children by the 
 Russian Federation is contrary to Russia's obligations under 
 the Genocide Convention and constitute acts of genocide;

    (2) the Russian Federation is deliberately seeking to wipe 
 out a generation of Ukrainian children, thereby crippling 
 Ukraine's ability to nurture the next generation of Ukrainian 
 citizens and leaders and to rebuild their country after 
 Russia's unprovoked war, with the purpose of demolishing 
 Ukraine's unique language, culture, history, and identity;

    (3) the Russian Federation's unprovoked invasion of Ukraine 
 has significantly increased the risks of children being exposed 
 to human trafficking and exploitation, child labor, gender-
 based violence, hunger, injury, trauma, deprivation of 
 education and shelter, and death; and

    (4) the Government of the Russian Federation, under the 
 leadership of Vladimir Putin, bears full responsibility for the 
 wrongful and illegal abduction and forcible transfer of 
 children from Ukraine, and Congress condemns these actions in 
 the strongest terms.

SEC. 104. SUPPORT FOR UKRAINE UNDER TITLE II OF THE BUILD ACT OF 2018.

 

Section 1412
            (c) of the Better Utilization of Investments Leading to 
Development Act of 2018 (22 U.S.C. 9612
            (c) ) is amended--

    (1) in paragraph

    (1) , by inserting ``in Ukraine and'' after 
 ``the provision of support under title II''; and

    (2) in paragraph

    (2) --
        (A) by striking ``The Corporation'' and inserting 
 the following:
 ``
        (A) In general.--The Corporation'';
        (B) by striking ``
        (A) the President'' and inserting 
 the following:
 ``
            (i) the President'';
            (C) by striking ``
        (B) such support'' and inserting 
 the following:
 ``
            (ii) such support''; and
            (D) by adding at the end the following:
 ``
        (B) Non-applicability to ukraine.--The provisions 
 of subparagraph
        (A) shall not apply with respect to 
 Ukraine.''.

SEC. 105. VESSEL WAR RISK INSURANCE.

    (a) Eligibility.--Notwithstanding 

section 53902 of title 46, United 
States Code, for the period beginning on the date of enactment of this 
Act, and ending 5 years after such date, a covered vessel shall be 
deemed to be eligible for insurance or reinsurance under chapter 539 of 
title 46, United States Code, if such vessel is engaged in 
transportation in waterborne commerce importing cargo to, or exporting 
cargo from, Ukraine.

    (b) Expansion of Cargo.--Subparagraphs
        (B) through
            (D) of 

section 53903

    (a)

    (3) of title 46, United States Code, shall not apply to cargo 
imported or exported to or from Ukraine.
            (c) === Definitions. ===
-In this section:

    (1) Covered vessel.--The term ``covered vessel'' means a 
 vessel that is owned by a citizen of--
        (A) a member country of the North Atlantic Treaty 
 Organization;
        (B) Ukraine; or
            (C) any other country the Secretary of State, in 
 consultation with the Secretary of Transportation, 
 determines, in the interest of national security, shall 
 be considered eligible for insurance or reinsurance 
 under chapter 539 of title 46, United States Code.

    (2) Owned by a citizen.--The term ``owned by a citizen'' 
 means ownership by an entity that is considered to be a citizen 
 of a country in the same manner as an entity is deemed to be a 
 citizen of the United States under 

section 50501 of title 46, 
 United States Code.

SEC. 106. INSURANCE FOR UKRAINE INITIATIVE.

    (a) Establishment.--There is established in the Department of State 
an entity to be known as the ``Insurance for Ukraine Initiative''.

    (b) Objectives.--The objectives of the Insurance for Ukraine 
Initiative are the following:

    (1) Bolster confidence in Ukraine's eventual economic 
 recovery from Russia's full-scale invasion through the 
 provision of war risk insurance.

    (2) Encourage European allies and partners to finance and 
 invest in Ukraine's economic recovery, including through the 
 provision of war risk insurance.

    (3) Promote closer economic integration between Ukraine and 
 other countries in Europe as well as the United States and 
 further Ukraine's accession to the European Union.

    (4) Coordinate dialogue and fora for extensive outreach 
 with private sector insurance companies relating to the 
 provision of war risk insurance to Ukraine.

    (5) Work with Ukraine, international organizations, and 
 Middle Eastern and African allies and partners to ensure the 
 bountiful and affordable shipment of grain and other food 
 commodities from Ukraine.
            (c) Report.--Not later than 1 year after the date of the enactment 
of this Act, and annually thereafter for the following 3 years, the 
Secretary of State shall submit to the appropriate congressional 
committees a report that includes assessments of--

    (1) progress towards the achievement of each of the 
 objectives set forth in subsection

    (b) ; and

    (2) legislative proposals that would further the objectives 
 set forth in subsection

    (b) .
            (d) Diplomatic and Political Support.--The Secretary of State, in 
coordination with the heads of other relevant Federal departments and 
agencies, shall seek to provide diplomatic and political support to 
countries that provide or provide support for war risk insurance for 
Ukraine, including by using the diplomatic and political influence and 
expertise of the Department of State to build the capacity of such 
countries.

    (e) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Foreign Affairs of the House of 
 Representatives; and

    (2) the Committee on Foreign Relations of the Senate.

SEC. 107. CODIFICATION OF A SPECIAL COORDINATOR FOR UKRAINIAN 
 RECONSTRUCTION.

    (a) In General.--There is established within the Department of 
State a Special Coordinator for Ukrainian Reconstruction.

    (b) Selection.--The Special Coordinator shall be chosen by the 
Secretary of State and shall report directly to the Secretary.
            (c) Qualifications.--The Special Coordinator shall be an individual 
with--

    (1) private sector experience; and

    (2) knowledge of Ukraine and foreign policy pertaining 
 thereto.
            (d) Duties.--The Special Coordinator shall assist in--

    (1) harnessing the tools of different agencies of the 
 United States Government to promote the reconstruction of 
 Ukraine;

    (2) coordinate cooperation amongst different agencies and 
 bureaus of the United States Government to aid the recovery of 
 Ukraine following its war to protect its sovereignty; and

    (3) work with the United States Development Finance 
 Corporation to mobilize private capital for the reconstruction 
 of Ukraine.

SEC. 108. SUPPORT FOR RADIO FREE EUROPE.

    (a) Sense of Congress.--It is the sense of Congress that--

    (1) Radio Free Europe/Radio Liberty shall be immediately 
 restored to its full capacity and operational position prior to 
 Executive order attempting to shutter the agency;

    (2) Radio Free Europe provides reliable, uncensored, and 
 accessible news and reporting in Ukraine and other countries 
 where media freedom is restricted;

    (3) Radio Free Europe/Radio Liberty is one of the most 
 critical sources of unrestricted, independent news and 
 reporting for audiences on the periphery of the Russian 
 Federation;

    (4) the Government of the Russian Federation has engaged in 
 systematic targeting of Radio Free Europe/Radio Liberty 
 reporters inside the Russian Federation, which has negatively 
 impacted the organization's ability to provide timely, 
 reliable, and accurate news from inside the country; and

    (5) despite pressure from the Government of the Russian 
 Federation, Radio Free Europe/Radio Liberty's audience 
 continues to grow inside the Russian Federation and surrounding 
 countries.

    (b) Authorization of Appropriations.--There is authorized to be 
appropriated $250,000,000 for Radio Free Europe/Radio Liberty for 
fiscal year 2026.
            (c) Authorization of New Bureaus.--Radio Free Europe/Radio Liberty 
may explore opening new bureaus to help expand its ability to reach 
audiences on the periphery of the Russian Federation.
            (d) Initiatives To Bolster Radio Free Europe/Radio Liberty Bureaus 
Around Russian Federation's Periphery.--To help expand its reach to 
Russian-speaking audiences and increase its reach to audiences through 
digital media, Radio Free Europe/Radio Liberty should--

    (1) evaluate where Russian disinformation is most deeply 
 pervasive in the Eurasia region;

    (2) develop strategies to better communicate with 
 predominately Russian-speaking regions;

    (3) build on efforts to increase capacity and programming 
 to counter disinformation in real time;

    (4) expand Russian language investigative journalism;

    (5) improve the technical capacity of the Ukraine bureau; 
 and

    (6) continue efforts to increase digital news services.

    (e) Report Required.--Not later than 90 days after the date of the 
enactment of this Act, the President shall submit to the appropriate 
congressional committees a report that includes--

    (1) recommendations of locations to open new bureaus to 
 help reach new audiences in the broader Eurasia region;

    (2) an assessment of current staffing and anticipated 
 staffing needs in order to effectively reach audiences in the 
 broader Eurasia region; and

    (3) an assessment of the impact of the Government of the 
 Russian Federation closing down Radio Free Europe/Radio Liberty 
 within the Russian Federation.

    (f) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Foreign Affairs and the Committee on 
 Appropriations of the House of Representatives; and

    (2) the Committee on Foreign Relations and the Committee on 
 Appropriations of the Senate.

SEC. 109. AUTHORIZING PROGRAMS TO COUNTER AND COMBAT RUSSIAN 
 DISINFORMATION ACTIVITIES.

    (a) Countering Russian Influence Fund.--The Secretary of State 
should use funds available for obligation in the Countering Russian 
Influence Fund--

    (1) to prioritize assisting Ukraine to detect and combat 
 disinformation from the Russian Federation and its proxies; and

    (2) to assist the Government of Ukraine in developing new 
 defense strategies and technologies.

    (b) Strategy Required.--

    (1) In general.--Not later than 60 days after the date of 
 the enactment of this Act, the Secretary of State shall submit 
 to the Committee on Foreign Affairs of the House of 
 Representatives and the Committee on Foreign Relations of the 
 Senate a plan for countering and combating disinformation by 
 the Russian Federation and supporting free and independent 
 media in Ukraine that includes--
        (A) a plan to assist the Government of Ukraine in 
 combating and responding to malign influence operations 
 of the Russian Federation aimed at inflaming tensions 
 and dividing Ukrainian society;
        (B) an assessment of effective efforts and programs 
 to improve media literacy in Ukraine and 
 recommendations for how the United States can assist in 
 supporting and expanding those programs;
            (C) a plan to assist the Government of Ukraine 
 improve efforts to detect and remove content 
 originating from Russian troll farms, bots, and other 
 sources aimed at sowing division and disseminating 
 disinformation in Ukraine or targeting Ukrainian 
 audiences;
            (D) recommendations to increase support for 
 independent media outlets, including Radio Free Europe/
 Radio Liberty; and
        (E) recommendations to increase support for 
 independent media outlets catering to Russian-speaking 
 populations residing in Russian-occupied Crimea, the 
 Donbas region of Ukraine, and throughout Ukraine.

    (2) Form.--The strategy required by paragraph

    (1) shall be 
 submitted in unclassified form, but may include a classified 
 annex if necessary.

SEC. 110. ESTABLISHMENT OF UKRAINE RECONSTRUCTION TRUST FUND.

    (a) In General.--Subchapter A of chapter 98 of the Internal Revenue 
Code of 1986 is amended by adding at the end the following new section:

``

SEC. 9512. UKRAINE RECONSTRUCTION TRUST FUND.

 ``

    (a) Creation of Trust Fund.--There is established in the Treasury 
of the United States a trust fund to be known as the `Ukraine 
Reconstruction Trust Fund', consisting of such amounts as may be 
appropriated to such fund as provided in this section.
 ``

    (b) Transfers to Trust Fund.--There are hereby appropriated to 
the Ukraine Reconstruction Trust Fund amounts equivalent to the net 
revenues received in the Treasury from the taxes imposed under 

section 892A.
 ``
            (c) Expenditures From Trust Fund.--Amounts in the Ukraine 
Reconstruction Trust Fund shall be available, as provided in 
appropriations Acts, only to the Secretary of State for purposes of--
 ``

    (1) reconstruction and rebuilding efforts in Ukraine,
 ``

    (2) humanitarian assistance to the people of Ukraine,
 ``

    (3) fostering long-term economic growth and private 
 sector development in Ukraine, and
 ``

    (4) bolstering transparent and accountable governance of 
 the Ukrainian economy.
 ``
            (d) Trust Fund Not Interest-Bearing.--

Section 9602

    (b) shall not 
apply to the Ukraine Reconstruction Trust Fund.
 ``

    (e) Requirements Under Foreign Assistance Act of 1961.--Any 
assistance made available from amounts in the Ukraine Reconstruction 
Trust Fund shall be subject to all applicable requirements for the 
provision of such assistance for the same or similar purpose authorized 
by the Foreign Assistance Act of 1961 (22 U.S.C. 2151 et seq.), 
including requirements under such Act relating to administrative 
authorities, congressional notifications, and reporting.''.

    (b) Clerical Amendment.--The table of sections for subchapter A of 
chapter 98 of such Code is amended by adding at the end the following 
new item:

``

Sec. 9512. Ukraine Reconstruction Trust Fund.''.
            (c) Report.--

    (1) In general.--Not later than 1 year after the date of 
 the enactment of this Act, and annually thereafter for 3 years, 
 the Secretary of State shall submit to the appropriate 
 congressional committees a report detailing the use of any 
 funds made available from the Ukrainian Reconstruction Trust 
 Fund.

    (2) Appropriate congressional committees defined.--In this 
 subsection, the term ``appropriate congressional committees'' 
 means--
        (A) the Committee on Foreign Affairs, the Committee 
 on Ways and Means, and the Committee on Appropriations 
 of the House of Representatives; and
        (B) the Committee on Foreign Relations, the 
 Committee on Finance, and the Committee on 
 Appropriations of the Senate.

SEC. 111. UNITED STATES-EUROPEAN NUCLEAR ENERGY COOPERATION.

    (a) 

=== Findings ===
-Congress finds the following:

    (1) On February 24, 2022, the Russian Federation initiated 
 a full-scale invasion of Ukraine which has severely threatened 
 energy security in the United States, Europe, and around the 
 world.

    (2) The security of Ukraine's energy grid has been vital to 
 Ukraine's success in its defense of its territory and ensuring 
 the Ukrainian government can effectively provide goods and 
 services to Ukrainian citizens.

    (3) Ukraine has operated four nuclear power plants with 15 
 reactors, primarily Russian-designed water-water energetic 
 reactor

    (VVER) reactors.

    (4) Russia, in its war of aggression against Ukraine, has 
 systematically targeted Ukraine's energy infrastructure through 
 heavy shelling and targeted attacks, particularly in the winter 
 months when innocent Ukrainian civilians are most vulnerable.

    (5) Since March 2022, Russian forces have illegally 
 occupied the Zaporizhzhia Nuclear Power Station, the largest 
 nuclear power plant in Europe, and Russian forces have 
 surrounded the station with landmines, further threatening 
 regional security.

    (6) Russian-designed VVER reactors have been built across 
 Europe, including in Belarus, Bulgaria, the Czech Republic, 
 Finland, Germany, Hungary, Slovakia, Turkey, and Ukraine.

    (7) Russia uses its nuclear power plant designs and fuel 
 services to spread malign influence and threaten United States 
 and European energy security.

    (8) As of 2021, Russia owned about 20 percent of the total 
 uranium conversion infrastructure worldwide and in 2020, had 
 the largest uranium enrichment capacity at close to 46 percent.

    (b) Sense of Congress.--It is the sense of Congress that--

    (1) in countries seeking or developing a nuclear power 
 industry, the Department of State should prioritize the 
 utilization of products and services from the United States, 
 and then prioritize products and services from Europe and other 
 allied or partner countries, including Canada, Japan, the 
 United Kingdom, and the Republic of Korea when not directly 
 competing with the United States;

    (2) the United States and its allies must focus on 
 cooperation, including capacity building and early-stage 
 project support, to expand the nuclear industry in Europe in a 
 way that maintains nonproliferation, security, and safety 
 standards and aligns with international obligations and 
 treaties while combating Russian and Chinese malign influence; 
 and

    (3) the United States should continue to pursue the 
 Foundational Infrastructure for Responsible Use of Small 
 Modular Reactor Technology program as a means of helping 
 partner countries meet their clean energy needs with scalable, 
 flexible, secure, and safe nuclear power programs.
            (c) Strategy Required.--The Secretary of State, in consultation 
with the Secretary of Energy and the heads of other relevant Federal 
departments and agencies, shall develop a strategy to strengthen United 
States-European nuclear energy cooperation and combat Russian malign 
influence in the nuclear energy sector in Europe.
            (d) Elements.--The strategy required by subsection
            (c) shall 
include, at a minimum, the following elements:

    (1) An overview and assessment of the Secretary of State's 
 efforts to broaden participation by United States nuclear 
 industry entities in Europe and promote the accessibility and 
 competitiveness of United States, European, and partner 
 technologies and services against Russian and Chinese 
 technologies in Europe.

    (2) An overview of different nuclear reactor types that are 
 currently deployed or under regulatory review in Europe, 
 including large light-water reactors, small modular light-water 
 reactors, and non-light-water reactors, and--
        (A) what role, if any, each reactor type could have 
 in reducing Russia's influence over European energy 
 supply by 2030, 2035, 2040, 2045, and 2050;
        (B) challenges that each reactor type may face with 
 rapid deployment, including costs, market barriers to 
 first-of-a-kind designs, supply chain constraints, and 
 regulatory requirements;
            (C) the impacts of each reactor type on maintaining 
 strong nonproliferation standards, including the 
 minimization of weapons-usable nuclear material; and
            (D) opportunities for the use of United States, 
 European, and partner technologies and services in the 
 deployment or potential deployment of each reactor 
 type.

    (3) An overview of different fuel cycles that are currently 
 deployed or under consideration in Europe, including use of low 
 enriched uranium, including high assay low enriched uranium, 
 and spent fuel reprocessing, along with an analysis of the 
 implications of each fuel cycle on--
        (A) reducing and eliminating Russia's market share 
 in Europe for uranium, conversion, enrichment, and 
 reactor fuel between now and 2030;
        (B) achieving long-term energy security free of 
 Russian influence; and
            (C) maintaining strong nonproliferation standards, 
 including the minimization of weapons-usable material 
 as well as high nuclear safety and security standards.

    (4) An overview of nuclear reactor designs and fuel cycle 
 infrastructure that the United States Government is currently 
 funding the development of, and--
        (A) the potential, if any, that each of these 
 technologies have to decrease or eliminate Russia's 
 market share in the United States and Europe for 
 nuclear power reactors, uranium mining and milling, 
 conversion, enrichment, fuel fabrication, deconversion, 
 and spent nuclear fuel reprocessing in the short-, 
 medium-, and long-term;
        (B) the impact of these technologies on the 
 minimization of weapons-usable nuclear material, 
 including the use of highly enriched uranium or 
 plutonium fuels; and
            (C) an assessment of the use cases for each of 
 these designs and fuel cycles.

    (5) An overview of the United States Government's 
 diplomatic engagements regarding the nuclear energy sector in 
 Europe.

    (6) A list of countries in Europe with active nuclear power 
 programs, and--
        (A) an analysis of each country's nuclear energy 
 policy;
        (B) an overview of existing areas of cooperation 
 with regards to nuclear energy between each country 
 and--
            (i) the United States;
            (ii) other European and friendly countries; 
 and
            (iii) adversarial countries including China 
 and Russia;
            (C) an overview of potential areas for future 
 cooperation between each country and the United States 
 with regards to nuclear energy; and
            (D) a summary of fuel types used in each country's 
 nuclear power programs.

    (7) An overview of Russian and Chinese influence in the 
 European nuclear energy sector.

    (8) An overview of how the United States Government is 
 working with allies and partners to counter Russian malign 
 influence within the European energy sector to include steps 
 taken to counter Russian influence in the mining and milling, 
 conversion, enrichment, and fuel fabrication processes as well 
 as in reactor construction.

    (9) An overview of how the United States Government 
 balances the urgent strategic need for collaboration with 
 allies and partners on countering Russia's influence on nuclear 
 energy in Europe, with commercial competitiveness issues that 
 may arise between United States companies and companies in 
 Europe, Canada, Japan, and the Republic of Korea.

    (10) An assessment of Rosatom's role in Russia's energy 
 sector, to include an overview of strengths and vulnerabilities 
 of the conglomerate.

    (e) Submission.--Not later than 120 days after the date of the 
enactment of this Act, the Secretary of State shall submit to the 
appropriate congressional committees the strategy required by 
subsection
            (c) .

    (f) Form.--The strategy required by subsection
            (c) shall be 
submitted in unclassified form, but may contain a classified annex, so 
long as such annex is provided separately from the unclassified 
strategy.

    (g) Authorization of Appropriations.--There is authorized to be 
appropriated $30,000,000 for each of fiscal years 2025 through 2029 to 
support critically needed engagement in Europe consistent with the 
strategy required by subsection
            (c) on countering Russian malign 
influence and with a particular focus on responsible nuclear power 
program capacity building, early stage nuclear power project support, 
and countering Russian disinformation campaigns.

    (h) 

=== Definitions. ===
-In this section:

    (1) Appropriate congressional committees.--The term 
 ``appropriate congressional committees'' means--
        (A) the Committee on Foreign Affairs of the House 
 of Representatives;
        (B) the Committee on Foreign Relations of the 
 Senate;
            (C) the Committee on Energy and Commerce of the 
 House of the Representatives; and
            (D) the Committee on Energy and Natural Resources 
 of the Senate.

    (2) High assay low enriched uranium.--The term ``high assay 
 low enriched uranium'' means uranium enriched so that the 
 concentration of the fissile isotope uranium-235 (U-235) is 
 between 5 percent and 20 percent of the mass of uranium.

    (3) Low enriched uranium.--The term ``low enriched 
 uranium'' means fuel in which the weight percent of U-235 in 
 the uranium is less than 20 percent.

 TITLE II--SECURITY ASSISTANCE

SEC. 201. LEND-LEASE AUTHORITY.

 

Section 2 of the Ukraine Democracy Defense Lend-Lease Act of 2022 
(Public Law 117-118; 136 Stat. 1184) is amended--

    (1) in subsection

    (a)

    (1) , by striking ``fiscal years 2022 
 and 2023'' and inserting ``fiscal years 2022 through 2028'';

    (2) by redesignating subsection
            (c) as subsection
            (d) ; and

    (3) by inserting after subsection

    (b) the following new 
 subsection:
 ``
            (c) Report.--Not later than 90 days after any use of the 
authority provided by subsection

    (a) , the Secretary of State, in 
consultation with the Secretary of Defense, shall submit to Congress a 
report that includes--
 ``

    (1) a description of the defense articles loaned or 
 leased to the Government of Ukraine, or to the government of an 
 Eastern European country impacted by the Russian Federation's 
 invasion of Ukraine, under such authority; and
 ``

    (2) a strategy and timeline for recovery and return of 
 such defense articles.''.

SEC. 202. DIRECT LOANS AND FOREIGN MILITARY FINANCING.

    (a) Direct Loans.--

    (1) In general.--Through fiscal year 2026, direct loans 
 under 

section 23 of the Arms Export Control Act may be made 
 available for Ukraine and North Atlantic Treaty Organization 
 allies, notwithstanding 

section 23
            (c) (1) of the Arms Export 
 Control Act, gross obligations for the principal amounts of 
 which shall not exceed $8,000,000,000.

    (2) Other unobligated balances.--The unobligated balances 
 of amounts made available by any Act making appropriations for 
 the Department of State, foreign operations, and related 
 programs, under the heading ``International Security 
 Assistance--Funds Appropriated to the President--Foreign 
 Military Financing'' shall also be made available for the cost 
 of loans and loan guarantees as authorized by this section.

    (b) Terms and Conditions.--The terms and conditions described in 

section 2606 of the Ukraine Supplemental Appropriations Act of 2022 
(division N of Public Law 117-103) shall apply to amounts made 
available by this section in the same manner and to the same extent as 
amounts made available by such section except that subsection

    (b) of 
such section shall be applied by striking ``$4,000,000,000'' and 
inserting ``$8,000,000,000''.
            (c) Emergency Designation.--Amounts repurposed pursuant to this 
section that were previously designated by the Congress as an emergency 
requirement pursuant to a concurrent resolution on the budget or the 
Balanced Budget and Emergency Deficit Control Act of 1985, are 
designated by the Congress as being for an emergency requirement 
pursuant to 

section 251

    (b)

    (2)
        (A)
            (i) of the Balanced Budget and 
Emergency Deficit Control Act of 1985: Provided, That such amounts 
shall be available only if the President designates such amounts as an 
emergency requirement pursuant to 

section 251

    (b)

    (2)
        (A)
            (i) .

SEC. 203. SUPPORT FOR BALTIC COUNTRIES.

    (a) Assistance Authorized.--The Secretary of State shall carry out 
programs, projects, and activities to build the capacity of the 
national militaries and border guard forces of Baltic countries, 
pursuant to the 2024 Bilateral Defense Cooperation Roadmaps for 2024-
2028, which provide for the promotion of ``defense cooperation in 
integrated air and missile defense, maritime domain awareness, cyber, 
irregular warfare, participation in international military operations 
and exercises, infrastructure development, and training''.

    (b) Authorization of Appropriations.--There is authorized to be 
appropriated to the Secretary of State, for each of the fiscal years 
2026, 2027, and 2028, in addition to amounts already authorized to be 
appropriated for such purposes to carry out the assistance described in 
subsection

    (a) --

    (1) $30,000,000 for Foreign Military Financing grants 
 authorized under 

section 23 of the Arms Export Control Act (22 
 U.S.C. 2763) for each Baltic country; and

    (2) $4,000,000 for Nonproliferation, Anti-terrorism, 
 Demining, and Related programs, including as authorized under 
 the Foreign Assistance Act (22 U.S.C. 2151 et seq.) for each 
 Baltic country.
            (c) Briefing.--Not later than 120 days after the date of the 
enactment of this Act, the Secretary of State shall brief the Committee 
on Foreign Relations of the Senate and the Committee on Foreign Affairs 
of the House of Representatives regarding--

    (1) the most pressing security needs of Baltic countries;

    (2) a plan for the disbursement of funds so obligated; and

    (3) an analysis of European and other allied country 
 support for Baltic countries.

SEC. 204. EXTENSION OF UKRAINE SECURITY ASSISTANCE INITIATIVE.

 

Section 1250 of the National Defense Authorization Act for Fiscal 
Year 2016 (Public Law 114-92; 129 Stat. 1068) is amended--

    (1) in subsection

    (f) , by adding at the end the following:
 ``

    (11) For fiscal year 2026, $300,000,000.
 ``

    (12) For fiscal year 2027, $300,000,000.''; and

    (2) in subsection

    (h) , by striking ``December 31, 2026'' 
 and inserting ``December 31, 2027''.

SEC. 205. REPORT ON ALLIED AND PARTNER MILITARY CONTRIBUTIONS.

    (a) In General.--Not later than 90 days after the date of enactment 
of this Act, and every 90 days thereafter, the Secretary of State, in 
consultation with the Secretary of Defense, shall submit to the 
Committee on Foreign Relations of the Senate and the Committee on 
Foreign Affairs of the House of Representatives a report including--

    (1) a detailed description of all military contributions 
 made or planned by allied and partner countries, disaggregated 
 by country, including details of types and quantities of 
 platforms and systems provided;

    (2) a description and analysis of military capabilities 
 identified as current Ukrainian operational needs; and

    (3) a description of United States efforts to meet 
 identified Ukrainian operational needs through transfers of 
 United States arms and military equipment or through support 
 and facilitation of allied and partner transfer of arms and 
 military equipment.

    (b) Form.--The report required under subsection

    (a) shall be 
submitted in unclassified form but may contain a classified annex that 
is submitted separately from the unclassified portion.
            (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Foreign Affairs and the Permanent 
 Select Committee on Intelligence of the House of 
 Representatives; and

    (2) the Committee on Foreign Relations and the Select 
 Committee on Intelligence of the Senate.

SEC. 206. REPORT ON UNITED STATES-UKRAINE INTELLIGENCE SUPPORT AND 
 COOPERATION.

    (a) In General.--Not later than 120 days after the date of 
enactment of this Act, and every 90 days thereafter, the Director of 
National Intelligence, in coordination with the Secretary of State and 
Secretary of Defense, shall submit to the appropriate congressional 
committees, a report including--

    (1) a detailed description of current United States 
 intelligence support and cooperation to and with Ukrainian 
 military and intelligence services;

    (2) a description and analysis of the consequences of 
 ceasing such intelligence support and cooperation to Ukraine, 
 including as related to targeting, battlefield effectiveness, 
 early warning capabilities, counterintelligence, and 
 cybersecurity; and

    (3) a description of United States efforts and initiatives 
 currently underway or planned to increase Ukrainian 
 intelligence, counterintelligence, and cybersecurity 
 capabilities.

    (b) Form.--The report required under subsection

    (a) shall be 
submitted in classified form.
            (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Foreign Affairs and the Permanent 
 Select Committee on Intelligence of the House of 
 Representatives; and

    (2) the Committee on Foreign Relations and the Select 
 Committee on Intelligence of the Senate.

 TITLE III--SANCTIONS AND EXPORT CONTROLS

SEC. 301. SANCTIONS TRIGGER DETERMINATION.

 Not later than 15 days after the date of enactment of this Act, and 
at minimum every 90 days thereafter, the President shall make a 
determination as to whether the Russian Federation or any proxy 
thereof, is engaged in--

    (1) conducting a war of aggression against Ukraine; or

    (2) refusing to sincerely and actually negotiate a peace 
 agreement with Ukraine; or

    (3) acting in violation of a negotiated peace agreement 
 with Ukraine.

SEC. 302. IMPOSITION OF SANCTIONS WITH RESPECT TO RUSSIAN FINANCIAL 
 INSTITUTIONS.

    (a) Imposition of Sanctions.--

    (1) In general.--Upon making an affirmative determination 
 under 

section 301 and not later than 15 days following such a 
 determination, the President shall impose the sanctions 
 described in 

section 317 with respect to 3 or more of the 
 following financial institutions:
        (A) Sberbank.
        (B) VTB.
            (C) Gazprombank.
            (D) VEB.RF.
        (E) The Russian Direct Investment Fund.
        (F) Credit Bank of Moscow.
        (G) Alfa Bank.
        (H) Rosselkhozbank.
            (I) FC Bank Otkritie.
        (J) Promsvyazbank.
        (K) Sovcombank.
            (L) Transkapitalbank.
            (M) The Central Bank of the Russian Federation.

    (2) Subsidiaries and successor entities.--The President may 
 impose the sanctions described in 

section 310

    (a)

    (1) with 
 respect to any subsidiary of, or successor entity to, a 
 financial institution specified in paragraph

    (1) .

    (b) Additional Russian Financial Institutions.--

    (1) List required.--Not later than 30 days after making an 
 affirmative determination under 

section 301, and every 90 days 
 thereafter, the President shall submit to the appropriate 
 committees of Congress a list of foreign persons that the 
 President determines--
        (A) are significant financial institutions owned or 
 operated by the Government of the Russian Federation; 
 and
        (B) should be sanctioned in the interest of United 
 States national security.

    (2) Imposition of sanctions.--Upon the submission of each 
 list required by paragraph

    (1) , the President shall impose the 
 sanctions described in 

section 310

    (a)

    (1) with respect to each 
 foreign person identified on the list.

SEC. 303. IMPOSITIONS OF SANCTIONS WITH RESPECT TO RUSSIAN OIL AND 
 MINING INDUSTRY.

 Upon making an affirmative determination under 

section 301 and not 
later than 15 days following such a determination, the President shall 
impose the sanctions described in 

section 317 with respect to all 
Russian companies operating primarily in any of the following sectors:

    (1) Oil and gas extraction, refinement, or production.

    (2) Coal extraction mining, refinement, or production.

    (3) Mineral extraction and processing.

SEC. 304. IMPOSITION OF SANCTIONS ON CERTAIN PERSONS AFFILIATED WITH OR 
 SUPPORTING THE GOVERNMENT OF THE RUSSIAN FEDERATION.

    (a) In General.--Upon making an affirmative determination under 

section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in 

section 317 with 
respect to all individuals listed under subsection

    (b) or included in 
the additional lists under subsection
            (c) .

    (b) Officials Specified.--The officials specified in this 
subsection are the following:

    (1) The President of the Russian Federation.

    (2) The Prime Minister of the Russian Federation.

    (3) The Foreign Minister of the Russian Federation.

    (4) The Minister of Defense of the Russian Federation.

    (5) The Minister of Transport of the Russian Federation.

    (6) The Minister of Energy of the Russian Federation.

    (7) The Minister of Finance of the Russian Federation.

    (8) The Minister of Energy and Trade of the Russian 
 Federation.

    (9) The Deputy Minister of Defense of the Russian 
 Federation.

    (10) The Deputy Foreign Minister of the Russian Federation.

    (11) The Deputy Minister of Transport of the Russian 
 Federation.

    (12) The Deputy Energy Minister of the Russian Federation.

    (13) The Deputy Finance Minister of the Russian Federation.

    (14) The Deputy Minister of Industry and Trade of the 
 Russian Federation.

    (15) The Chief of the General Staff of the Armed Forces of 
 the Russian Federation.

    (16) The Commander-in-Chief of the Land Forces of the 
 Russian Federation.

    (17) The Commander-in-Chief of the Aerospace Forces of the 
 Russian Federation.

    (18) The Commander of the Airborne Forces of the Russian 
 Federation.

    (19) The Commander-in-Chief of the Navy of the Russian 
 Federation.

    (20) The Commander of the Strategic Rocket Forces of the 
 Russian Federation.

    (21) The Commander of the Special Operations Forces of the 
 Russian Federation.

    (22) The Commander of Logistical Support of the Armed 
 Forces of the Russian Federation.
            (c) Additional Officials.--

    (1) List required.--Not later than 30 days after making an 
 affirmative determination under 

section 301 and every 90 days 
 thereafter, the President shall submit to the appropriate 
 committees of Congress a list of foreign persons that the 
 President determines--
        (A) are--
            (i) senior officials of any branch of the 
 Armed Forces of the Russian Federation leading 
 any of the operations described in 

section 302; 
 or
            (ii) senior officials of the Government of 
 the Russian Federation, including any 
 intelligence agencies or security services of 
 the Russian Federation, with significant roles 
 in planning or implementing such operations; 
 and
        (B) with respect to which sanctions should be 
 imposed in the interest of the national security of the 
 United States.

    (2) Imposition of sanctions.--Upon the submission of each 
 list required by paragraph

    (1) , the President shall impose the 
 sanctions described in 

section 310 with respect to each foreign 
 person on the list.

SEC. 305. CRIMEA TUNNEL SANCTIONS.

    (a) 

=== Findings ===
-Congress makes the following findings:

    (1) In February and March 2014, the Russian Federation 
 invaded the Crimean peninsula and annexed Crimea, 
 internationally recognized as Ukrainian territory.

    (2) Following its annexation of Crimea, the Russian 
 Federation constructed the Kerch Strait Bridge to connect the 
 Russian mainland with the Crimean peninsula.

    (3) On February 24, 2022, the Government of the Russian 
 Federation, led by Vladimir Putin, launched an unprovoked, 
 full-scale invasion of Ukraine.

    (4) The Russian Federation has used Crimea as an integral 
 part of its full scale invasion of Ukraine, including to house 
 Russian troops, store ammunition and weapons, and host the 
 Black Sea Fleet.

    (5) In October 2023, it was publicly reported that Russian 
 and Chinese business officials met and exchanged emails to 
 discuss building a tunnel from the Russian mainland to 
 illegally occupied Crimea.

    (b) Imposition of Sanctions.--Upon making an affirmative 
determination under 

section 301 and not later than 15 days following 
such a determination, the President shall impose the sanctions 
described in 

section 317 with respect to all foreign persons that 
knowingly participate in the construction, maintenance, or repair of a 
tunnel or bridge that connects the Russian mainland with the Crimean 
peninsula.

SEC. 306. ZAPORIZHZHIA NUCLEAR POWER PLANT SANCTIONS.

    (a) In General.--Upon making an affirmative determination under 

section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in 

section 317 with 
respect to all foreign persons that have endangered the integrity, 
safety, or undermined Ukrainian operational control of the Zaporizhzhia 
Nuclear Power Station located in southeastern Ukraine since the Russian 
Federation launched an unprovoked, full-scale invasion of Ukraine.

    (b) Exception Related to Ukrainian Operational Control.--Sanctions 
under this section shall not apply to any foreign person seeking to 
reestablish Ukrainian operational control of the Zaporizhzhia Nuclear 
Power Station or the surrounding region.

SEC. 307. ROSATOM SANCTIONS.

    (a) In General.--Upon making an affirmative determination under 

section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in 

section 317 with 
respect to--

    (1) Rosatom;

    (2) Rosatom subsidiaries; and

    (3) a foreign person that knowingly directly or indirectly 
 engages in any significant transaction for nuclear reactor 
 construction and related services with Rosatom.

    (b) Waiver.--The President may waive the application of sanctions 
for a transaction or transactions with a United States person, a 
foreign person, or a foreign financial institution (as the case may be) 
described under this section if--

    (1) the President determines that the transaction relates 
 to activities necessary to the production of medical isotopes 
 or industrial isotopes; and

    (2) the President certifies to the appropriate 
 congressional committees that--
        (A) domestic medical isotope or industrial isotope 
 production is insufficient to meet United States 
 patient and industry requirements; and
        (B) the United States is taking measurable steps to 
 establish medical isotope or industrial isotope supply 
 chains that are not reliant on Rosatom or other Russian 
 source material.

SEC. 308. IMPOSITION OF PRICE CAP VESSEL SANCTIONS.

    (a) In General.--Upon making an affirmative determination under 

section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in 

section 317 with 
respect to any foreign vessel that knowingly transports Russian oil in 
contravention of the Russian oil price cap policy.

    (b) Exception for Safety of Vessels and Crew.--Sanctions under this 
section shall not apply with respect to a person providing provisions 
to a vessel otherwise subject to sanctions under this section if such 
provisions are intended for the safety and care of the crew aboard the 
vessel, the protection of human life aboard the vessel, or the 
maintenance of the vessel to avoid any environmental or other 
significant damage.
            (c) Strategy.--Not later than 60 days after the date of enactment 
of this Act, the Secretary of State and the Secretary of the Treasury 
shall jointly submit to the Committee on Foreign Affairs of the House 
of Representatives and the Committee on Foreign Relations of the Senate 
a strategy to enhance international compliance with the Russian oil 
price cap policy.
            (d) Matters.--The strategy under subsection

    (a) shall include--

    (1) an overview of general international compliance with 
 the Russian oil price cap policy;

    (2) a list of the countries known to have purchased 
 significant quantities of Russian oil at prices above the price 
 agreed to in the Russian oil price cap policy set forth by the 
 Group of Seven (``G7'') nations;

    (3) any known methods used by such countries to avoid 
 detection of their purchases of Russian oil at prices above the 
 price agreed to in the Russian oil price cap policy;

    (4) an assessment of possible incentives the United States 
 could provide to countries listed pursuant to paragraph

    (2) to 
 encourage compliance with the Russian oil price cap policy;

    (5) an assessment of whether the imposition of additional 
 sanctions, including possible secondary sanctions, would 
 enhance international compliance with the Russian oil price cap 
 policy;

    (6) a description of the views of the government of each 
 country participating in the Russian oil price cap policy 
 regarding whether the price cap under such policy should be 
 lowered or not; and

    (7) a description of the United States diplomatic 
 engagement with the government of each country participating in 
 the Russian oil price cap policy regarding the appropriateness 
 of the current cap, including any diplomatic engagement 
 intended to encourage support for the lowering of the price 
 cap.

SEC. 309. SWIFT SANCTIONS.

    (a) In General.--Upon making an affirmative determination under 

section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in 

section 317 with 
respect to any global communication financial service that does not 
cease the provision of financial communication messaging services to 
any financial institution listed under 

section 302 of this Act.

    (b) Enabling or Facilitation of Access to Specialized Financial 
Messaging Services Through Intermediary Financial Institutions.--For 
purposes of this section, enabling or facilitating direct or indirect 
access to specialized financial messaging services includes doing so by 
serving as an intermediary financial institution with access to such 
messaging services.

SEC. 310. RUSSIAN SOVEREIGN DEBT SANCTIONS.

 Upon making an affirmative determination under 

section 302 and not 
later than 30 days following such a determination, the President shall 
prohibit all transactions by United States persons involving the 
sovereign debt of the Government of the Russian Federation issued on or 
after the date of the enactment of this Act, including governmental 
bonds.

SEC. 311. IMPOSITION OF SANCTIONS ON RUSSIA-NORTH KOREA COOPERATION.

    (a) In General.--Upon making an affirmative determination under 

section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in 

section 317 with 
respect to the following:

    (1) Any foreign person that is responsible for or 
 facilitates the transfer or sale of arms or material support 
 from North Korea to be used in Russia's illegal war in Ukraine.

    (2) Any foreign person that knowingly, directly or 
 indirectly, imports, exports, or reexports to, into, or from 
 North Korea any goods services or technology for weapons that 
 may be used by Russian forces or their proxies in Russia's 
 illegal war in Ukraine.

    (3) Any foreign financial institution that knowingly 
 facilitates a significant transaction or provides significant 
 financial services for a foreign person described in paragraph

    (1) or

    (2) .

    (4) Any foreign person that engages in a significant 
 transaction related to the transfer or sale of arms or material 
 support with a foreign person described in paragraph

    (1) or

    (2) or foreign financial institution described in paragraph

    (3) .

    (5) Any foreign person assisting in the logistical supply 
 and movement of North Korean personnel, arms or material 
 support to be used in Russia's illegal war in Ukraine.

    (b) Report.--Not later than 90 days after the date of the enactment 
of this Act, and every 180 days thereafter, the President shall submit 
to the appropriate congressional committees a report that describes 
significant activities by the Democratic People's Republic of Korea to 
support the Russian Federation and its proxies in Russia's illegal war 
in Ukraine.
            (c) Matters To Be Included.--The report required by this section 
shall include the following:

    (1) The number of North Korean troops that have been sent 
 to fight Ukraine, casualties inflicted on these troops, and the 
 impact on the battlefield of having North Korean military 
 personnel on the frontlines.

    (2) The identity and nationality of foreign persons and 
 foreign financial institutions that are subject to sanctions 
 under 

section 317.

    (3) A description of the conduct engaged in by such persons 
 and institutions.

    (4) An assessment of the extent to which a foreign 
 government has provided material support to the Government of 
 North Korea or any person acting for or on behalf of that 
 government to conduct significant activities to materially 
 support Russia's illegal war in Ukraine.

    (5) A United States strategy to counter North Korea's 
 efforts to conduct significant activities to support Russia's 
 war in Ukraine, that includes efforts to engage foreign 
 governments to halt the capability of the Government of North 
 Korea and persons acting for or on behalf of that government to 
 conduct significant activities supporting Russia's illegal war 
 in Ukraine.
            (d) Form.--The report required by this section shall be submitted 
in unclassified form, but may include a classified annex.

SEC. 312. SANCTIONS FOR KIDNAPPING UKRAINIAN CHILDREN.

 Upon making an affirmative determination under 

section 301 and not 
later than 15 days following such a determination, the President shall 
impose the sanctions described in 

section 317 with respect to all 
foreign persons that have directed or in anyway participated in the 
kidnapping and wrongful patriation of Ukrainian children.

SEC. 313. IMPOSITION OF DUAL-USE EXPORT CONTROLS.

    (a) In General.--Upon making an affirmative determination under 

section 301, a foreign-produced item shall be subject to the Export 
Administration Regulations (pursuant to the Export Control Reform Act 
of 2018 (50 U.S.C. 4801 et seq.)) if the item--

    (1) meets--
        (A) the product scope requirements described in 
 subsection

    (b) ; and
        (B) the destination scope requirements described in 
 subsection
            (c) ; and

    (2) is exported, reexported, or in-country transferred to 
 the Russia Federation from abroad or involves the Government of 
 the Russian Federation.

    (b) Product Scope Requirements.--A foreign-produced item meets the 
product scope requirements of this subsection if the item--

    (1) is a direct product of United States-origin technology 
 or software subject to the Export Administration Regulations 
 that is specified in a covered Export Control Classification 
 Number; or

    (2) is produced by any plant or major component of a plant 
 that is located outside the United States, if the plant or 
 major component of a plant, whether made in the United States 
 or a foreign country, itself is a direct product of United 
 States-origin technology or software subject to the Export 
 Administration Regulations that is specified in a covered 
 Export Control Classification Number.
            (c) Destination Scope Requirements.--A foreign-produced item meets 
the destination scope requirements of this subsection if there is 
knowledge that the foreign-produced item is destined to the Russian 
Federation or will be incorporated into or used in the production or 
development of any part, component, or equipment subject to the Export 
Administration Regulations and produced in or destined to the Russian 
Federation.
            (d) Licensing 

=== Policy ===
-In carrying out this section, the Secretary 
of Commerce shall apply a presumption that an export, reexport, 
release, or in-country transfer of items meets the product scope 
requirements set forth in subsection

    (b) and the destination scope 
requirements set forth in subsection
            (c) .

    (e) Exceptions.--The license requirements set forth in this section 
shall not apply to--

    (1) food, medicine, or medical devices that are--
        (A) designated as EAR99; or
        (B) not designated under or listed on the Commerce 
 Control List; or

    (2) services, software, or hardware (other than services, 
 software, or hardware for end-users owned or controlled by the 
 Government of Iran) that are--
        (A) necessarily and ordinarily incident to 
 communications; or
        (B) designated as--
            (i) EAR99; or
            (ii) Export Control Classification Number 
 5A992.c or 5D992.c, and classified in 
 accordance with 

section 740.17 of title 15, 
 Code of Federal Regulations; and
            (C) subject to a general license issued by the 
 Department of Commerce or Department of Treasury.

    (f) Department of Commerce Strategy.--

    (1) Strategy required.--Not later than 60 days after the 
 date of the enactment of this Act, the Secretary of Commerce 
 (in consultation with the Secretary of State, the Secretary of 
 Defense, and the Director of National Intelligence) shall 
 develop a strategy to prevent the illegal export to Iran by 
 United States persons regarding technologies used or that may 
 be used in the design, development, production, or operational 
 employment of unmanned aircraft systems by Iran, including the 
 following microelectronics:
        (A) Microcontrollers.
        (B) Voltage regulators.
            (C) Digital signal controllers.
            (D) GPS modules.
        (E) Microprocessors.

    (2) Elements.--The strategy under paragraph

    (1) shall 
 include, at a minimum, the following elements:
        (A) A process for the Secretary of Commerce (in 
 coordination with the Secretaries and heads specified 
 in paragraph

    (1) ) to proactively identify--
            (i) current and emerging technologies used 
 or that may be used by Iran in the design, 
 development, production, or operational 
 employment of unmanned aircraft systems 
 (including critical components thereof);
            (ii) United States manufacturers of such 
 technologies; and
            (iii) foreign manufacturers and 
 proliferators of such technologies.
        (B) A process for the Secretary of Commerce (in 
 coordination with the Secretaries and heads specified 
 in paragraph

    (1) ) to proactively identify third-party 
 distributors and resellers of the technologies 
 specified in subparagraph
        (A)
            (i) that, through the use 
 of intermediaries with no or nominal operations or 
 assets, or through other mechanisms, contrive to 
 circumvent export controls for such items with respect 
 to Iran.
            (C) A methodology for the Secretary of Commerce to 
 proactively engage the United States manufacturers 
 identified pursuant to the process under subparagraph
        (A)
            (ii) , to provide such manufacturers with timely 
 updates to the list of third-party distributors and 
 resellers identified pursuant to the process under 
 subparagraph
        (B) .

    (3) Submission.--Not later than 60 days after the date of 
 the enactment of this Act, the Secretary of Commerce shall 
 submit to the appropriate congressional committees the strategy 
 under paragraph

    (1) .

    (4) Form.--The report required by subsection

    (a)

    (1) shall 
 be submitted in unclassified form, but portions of the report 
 described in paragraphs

    (1) and

    (2) may contain a classified 
 annex, so long as such annex is provided separately from the 
 unclassified report.

    (g) Department of State Strategy.--

    (1) Strategy required.--The Secretary of State (in 
 coordination with the Secretary of Commerce, the Secretary of 
 Defense, and the Director of National Intelligence) shall 
 develop a strategy to prevent the export to Iran of 
 technologies from the United States and allied and partner 
 countries which are used, or may be used, by Iran in the 
 design, development, production, or operational employment of 
 unmanned aircraft systems (including the microelectronics 
 listed in subparagraphs
        (A) through
        (F) of subsection

    (a)

    (1) ).

    (2) Elements.--The strategy under paragraph

    (1) shall 
 include, at a minimum, the following elements:
        (A) A process for the Secretary of State (in 
 consultation with the relevant Secretaries and heads 
 specified in paragraph

    (1) ) to proactively identify 
 foreign manufacturers of the technologies referred to 
 in such paragraph.
        (B) A process for the Secretary of State to engage 
 with any ally or partner of the United States regarding 
 technologies which have been incorporated into an 
 unmanned aircraft system produced by Iran, for the 
 purpose of synchronizing the export control regime of 
 such ally or partner with the United States export 
 controls developed by the Secretary of Commerce 
 pursuant to the strategy under subsection

    (a) with 
 respect to such technology.

    (3) Submission.--Not later than 90 days after the date of 
 the enactment of this Act, the Secretary of State shall submit 
 to the appropriate congressional committees the strategy under 
 paragraph

    (1) .

    (4) Form.--The report required by subsection

    (b)

    (1) shall 
 be submitted in unclassified form, but portions of the report 
 described in paragraphs

    (1) and

    (2) may contain a classified 
 annex, so long as such annex is provided separately from the 
 unclassified report.

    (h) Requirement for Secretary of Defense To Develop Range of 
Options.--

    (1) In general.--Not later than 30 days after the date of 
 the enactment of this Act, the Secretary of Defense (in 
 coordination with the Secretary of State and the Director of 
 National Intelligence) shall develop a range of options that 
 may be employed by the Armed Forces of the United States to 
 counter or otherwise deny Iran the ability to acquire 
 technologies used, or that may be used, in the design, 
 development, production, or operational employment of unmanned 
 aircraft systems by Iran, including the following technologies:
        (A) Microcontrollers.
        (B) Voltage regulators.
            (C) Digital signal controllers.
            (D) GPS modules.
        (E) Microprocessors.
        (F) Computer Aided Design

    (CAD) software.
        (G) Computer numerical control machines.

    (2) Briefing.--Not later than 45 days after the date of the 
 enactment of this Act, the Secretary of Defense shall provide 
 to the appropriate congressional committees a briefing on the 
 options developed under paragraph

    (1) .

SEC. 314. DUTIES ON THE RUSSIAN FEDERATION.

    (a) In General.--Not later than 15 days after making an affirmative 
determination under 

section 301, the President shall, notwithstanding 
any other provision of law, increase the rate of duty for all goods and 
services imported into the United States from the Russian Federation to 
a rate of not less 500 percent ad valorem.

    (b) Report.--Not later than 60 days after making an affirmative 
determination under 

section 301, the President shall submit to the 
Committee on Ways and Means of the House of Representatives and the 
Committee on Finance of the Senate, a report indicating the impact of 
these ad valorem tariffs on exports to the United States.

SEC. 315. ENDING RUSSIAN OIL IMPORT LOOPHOLE.

    (a) In General.--The Ending Importation of Russian Oil Act (Public 
Law 117-109; 136 Stat. 1154) is amended--

    (1) by redesignating 

section 3 as 

section 4; and

    (2) by inserting after 

section 2 the following:

``

SEC. 3. PROHIBITION ON IMPORTATION OF ENERGY PRODUCTS PRODUCED AT 
 REFINERIES OUTSIDE THE RUSSIAN FEDERATION.

 ``All products classified under chapter 27 of the Harmonized Tariff 
Schedule that were produced at any refinery that uses crude oil 
originating in the Russian Federation shall be banned from importation 
into the United States.''.

    (b) Conforming Amendments.--

Section 4 of the Ending Importation of 
Russian Oil Act (Public Law 117-109; 136 Stat. 1154), as redesignated 
by subsection

    (a)

    (1) , is amended--

    (1) in subsection

    (a) , by inserting ``or 3'' after 
 ``

section 2''; and

    (2) in subsection
            (c) (1) , by inserting ``or 3'' after 
 ``

section 2''.

SEC. 316. TAXING CAPITAL GAINS ON RUSSIAN SOVEREIGN ASSETS.

    (a) In General.--Not later than 15 days after making an affirmative 
determination under 

section 301, notwithstanding any other provision of 
law, there is hereby imposed for each taxable year on the disqualified 
income of any specified foreign government a tax equal to 100 percent 
thereof.

    (b) Withholding.--

    (1) In general.--Notwithstanding 

section 203 of the 
 International Emergency Economic Powers Act (or any other 
 provision of law), any person having control, receipt, custody, 
 disposal, or payment of disqualified income with respect to 
 which tax is imposed under subsection

    (a) shall deduct and 
 withhold from such income a tax equal to 100 percent thereof.

    (2) Application of certain rules.--For purposes of 
 subchapter B of chapter 3, 

section 33, and such other 
 provisions as the Secretary may provide, paragraph

    (1) shall be 
 treated as part of subchapter A of chapter 3.
            (c) === Definitions. ===
-For purposes of this section:

    (1) Disqualified income.--The term ``disqualified income'' 
 means any interest or dividends payable with respect to assets 
 which are blocked using the authorities provided by 

section 203 
 of the International Emergency Economic Powers Act.

    (2) Specified foreign government.--The term ``specified 
 foreign government'' means the foreign governments (within the 
 meaning of 

section 892 of the Internal Revenue Code of 1986 and 
 the regulations issued thereunder) of Russia and Belarus.
            (d) Override of Treaty Obligations.--Notwithstanding any other 
provision of law, this section (and the amendments made by this 
section) shall apply without regard to any treaty obligation of the 
United States.

    (e) Effective Date.--The amendments made by this section shall 
apply to interest and dividends received after the date of the 
enactment of this Act.

SEC. 317. SANCTIONS DESCRIBED.

 The sanctions described in this section are the following:

    (1) Property blocking.--The President shall exercise all of 
 the powers granted by the International Emergency Economic 
 Powers Act (50 U.S.C. 1701 et seq.) to the extent necessary to 
 block and prohibit all transactions in all 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.

    (2) Aliens inadmissible for visas, admission, or parole.--
        (A) Visas, admission, or parole.--In the case of an 
 alien, the alien is--
            (i) inadmissible to the United States;
            (ii) ineligible to receive a visa or other 
 documentation to enter the United States; and
            (iii) 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.).
        (B) Current visas revoked.--
            (i) In general.--The visa or other entry 
 documentation of an alien described in 
 subparagraph
        (A) shall be revoked, regardless 
 of when such visa or other entry documentation 
 is or was issued.
            (ii) Immediate effect.--A revocation under 
 clause
            (i) shall--
            (I) take effect immediately; and
            (II) automatically cancel any other 
 valid visa or entry documentation that 
 is in the alien's possession.

    (3) Loans from international financial institutions.--The 
 President shall direct the United States Executive Director of 
 each international financial institution to use the voice, 
 vote, and influence of the United States to oppose any loan, 
 loan guarantee, or equity investment from the international 
 financial institution that would directly or indirectly benefit 
 the sanctioned foreign person.

SEC. 318. IMPLEMENTATION; REGULATIONS; PENALTIES.

    (a) Implementation.--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) 
to carry out this title.

    (b) Regulations.--The President shall issue such regulations, 
licenses, and orders as are necessary to carry out this title.
            (c) Penalties.--A person that violates, attempts to violate, 
conspires to violate, or causes a violation of this Act or any 
regulation, license, or order issued to carry out this title 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

    (b) and 1705
            (c) ).

SEC. 319. EXCEPTIONS; WAIVER.

    (a) Exceptions.--

    (1) Exception to comply with international obligations.--
 Sanctions described in 

section 317

    (2) shall not apply with 
 respect to the admission of 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.

    (2) Exception relating to the provision of humanitarian 
 assistance.--Sanctions under this title may not be imposed with 
 respect to transactions or the facilitation of transactions 
 for--
        (A) the sale of agricultural commodities, food, 
 medicine, or medical devices; or
        (B) the provision of humanitarian assistance; or
            (C) financial transactions relating to humanitarian 
 assistance;

    (3) Exception for intelligence, law enforcement, and 
 national security activities.--Sanctions under this title shall 
 not apply to any authorized intelligence, law enforcement, or 
 national security activities of the United States.

    (b) National Security Waiver.--The President may waive the 
imposition of sanctions under this title with respect to a person if 
the President--

    (1) determines that such a waiver is in the extraordinarily 
 vital to the national security of the United States; and

    (2) submits to the appropriate committees of Congress a 
 notification of the waiver and the reasons for the waiver no 
 less than 15 days before the use of the waiver.

SEC. 320. TERMINATION.

    (a) In General.--The President may terminate the application of 
sanctions, export controls, duties, prohibitions, or penalties under 
this title if the President certifies to Congress that the Russian 
Federation has ceased conducting a war of aggression against Ukraine or 
act in violation of a negotiated peace agreement with Ukraine.

    (b) Reimposition.--The President shall immediately reimpose all 
previous terminated sanctions, export controls, duties, prohibitions, 
and penalties imposed under this title should the Russian Federation 
restart a war of aggression against Ukraine or act in violation of a 
negotiated peace agreement with Ukraine.

SEC. 321. CONGRESSIONAL REVIEW OF RUSSIA SANCTIONS.

    (a) Submission to Congress of Proposed Action.--

    (1) In general.--Notwithstanding any other provision of 
 law, before taking any action described in paragraph

    (2) , the 
 President shall submit to the appropriate congressional 
 committees and leadership a report that describes the proposed 
 action and the reasons for that action.

    (2) Actions described.--
        (A) In general.--An action described in this 
 paragraph is--
            (i) an action to terminate the application 
 of any sanction, export control, duty, or 
 prohibition described in subparagraph
        (B) ;
            (ii) with respect to sanctions, export 
 controls, duties, or prohibitions described in 
 subparagraph
        (B) imposed by the President with 
 respect to a person, an action to waive the 
 application of those sanctions with respect to 
 that person; or
            (iii) a licensing action that significantly 
 alters United States foreign policy with 
 respect to Russia.
        (B) Sanctions, export controls, duties, and 
 prohibitions described.--The sanctions, export 
 controls, duties, and prohibitions described in this 
 subparagraph are sanctions, export controls, duties, 
 and prohibitions with respect to Russia provided for 
 under--
            (i) this Act;
            (ii) Executive Order 13849 (22 U.S.C. 9521 
 note; relating to authorizing the 
 implementation of certain sanctions set forth 
 in the Countering America's Adversaries Through 
 Sanctions Act (22 U.S.C. 9401 et seq.));
            (iii) Executive Order 13883 (22 U.S.C. 5605 
 note; relating to administration of 
 proliferation sanctions and amendment of 
 Executive Order 12851 (22 U.S.C. 2797 note; 
 relating to the administration of proliferation 
 sanctions, Middle East arms control, and 
 related congressional reporting 
 responsibilities));
            (iv) Executive Order 14024 (50 U.S.C. 1701 
 note; relating to blocking property with 
 respect to specified harmful foreign activities 
 of the Government of the Russian Federation);
            (v) Executive Order 14039 (22 U.S.C. 9526 
 note; relating to blocking property with 
 respect to certain Russian energy export 
 pipelines);
            (vi) Executive Order 14065 (50 U.S.C. 1701 
 note; relating to blocking property of certain 
 persons and prohibiting certain transactions 
 with respect to continued Russian efforts to 
 undermine the sovereignty and territorial 
 integrity of Ukraine);
            (vii) Executive Order 14066 (50 U.S.C. 1701 
 note; relating to prohibiting certain imports 
 and new investments with respect to continued 
 Russian Federation efforts to undermine the 
 sovereignty and territorial integrity of 
 Ukraine);
            (viii) Executive Order 14068 (50 U.S.C. 
 1701 note; relating to prohibiting certain 
 imports, exports, and new investment with 
 respect to continued Russian Federation 
 aggression);
            (ix) Executive Order 14071 (50 U.S.C. 1701 
 note; relating to prohibiting new investment in 
 and certain services to the Russian Federation 
 in response to continued Russian Federation 
 aggression); and
            (x) Executive Order 14114 (88 Fed. Reg. 
 89271; relating to taking additional steps with 
 respect to the Russian Federation's harmful 
 activities).

    (3) Description of type of action.--Each report submitted 
 under paragraph

    (1) with respect to an action described in 
 paragraph

    (2) shall include a description of whether the 
 action--
        (A) is not intended to significantly alter United 
 States foreign policy with respect to Russia; or
        (B) is intended to significantly alter United 
 States foreign policy with respect to Russia.

    (4) Inclusion of additional matter.--
        (A) In general.--Each report submitted under 
 paragraph

    (1) that relates to an action that is 
 intended to significantly alter United States foreign 
 policy with respect to Russia shall include a 
 description of--
            (i) the significant alteration to United 
 States foreign policy with respect to Russia;
            (ii) the anticipated effect of the action 
 on the national security interests of the 
 United States; and
            (iii) the policy objectives for which the 
 sanctions affected by the action were initially 
 imposed.
        (B) Requests from banking and financial services 
 committees.--The Committee on Banking, Housing, and 
 Urban Affairs of the Senate or the Committee on 
 Financial Services of the House of Representatives may 
 request the submission to the Committee of the matter 
 described in clauses
            (ii) and
            (iii) of subparagraph
        (A) with respect to a report submitted under paragraph

    (1) that relates to an action that is not intended to 
 significantly alter United States foreign policy with 
 respect to Russia.

    (5) Confidentiality of proprietary information.--
 Proprietary information that can be associated with a 
 particular person with respect to an action described in 
 paragraph

    (2) may be included in a report submitted under 
 paragraph

    (1) only if the appropriate congressional committees 
 and leadership provide assurances of confidentiality, unless 
 that person otherwise consents in writing to such disclosure.

    (6) Rule of construction.--Paragraph

    (2)
        (A)
            (iii) shall not 
 be construed to require the submission of a report under 
 paragraph

    (1) with respect to the routine issuance of a license 
 that does not significantly alter United States foreign policy 
 with respect to Russia.

    (b) Period for Review by Congress.--

    (1) In general.--During the period of 30 calendar days 
 beginning on the date on which the President submits a report 
 under subsection

    (a)

    (1) --
        (A) in the case of a report that relates to an 
 action that is not intended to significantly alter 
 United States foreign policy with respect to Russia, 
 the Committee on Banking, Housing, and Urban Affairs of 
 the Senate and the Committee on Financial Services of 
 the House of Representatives should, as appropriate, 
 hold hearings and briefings and otherwise obtain 
 information in order to fully review the report; and
        (B) in the case of a report that relates to an 
 action that is intended to significantly alter United 
 States foreign policy with respect to Russia, the 
 Committee on Foreign Relations of the Senate and the 
 Committee on Foreign Affairs of the House of 
 Representatives should, as appropriate, hold hearings 
 and briefings and otherwise obtain information in order 
 to fully review the report.

    (2) Exception.--The period for congressional review under 
 paragraph

    (1) of a report required to be submitted under 
 subsection

    (a)

    (1) shall be 60 calendar days if the report is 
 submitted on or after July 10 and on or before September 7 in 
 any calendar year.

    (3) Limitation on actions during initial congressional 
 review period.--Notwithstanding any other provision of law, 
 during the period for congressional review provided for under 
 paragraph

    (1) of a report submitted under subsection

    (a)

    (1) proposing an action described in subsection

    (a)

    (2) , including 
 any additional period for such review as applicable under the 
 exception provided in paragraph

    (2) , the President may not take 
 that action unless a joint resolution of approval with respect 
 to that action is enacted in accordance with subsection
            (c) .

    (4) Limitation on actions during presidential consideration 
 of a joint resolution of disapproval.--Notwithstanding any 
 other provision of law, if a joint resolution of disapproval 
 relating to a report submitted under subsection

    (a)

    (1) proposing an action described in subsection

    (a)

    (2) passes both 
 Houses of Congress in accordance with subsection
            (c) , the 
 President may not take that action for a period of 12 calendar 
 days after the date of passage of the joint resolution of 
 disapproval.

    (5) Limitation on actions during congressional 
 reconsideration of a joint resolution of disapproval.--
 Notwithstanding any other provision of law, if a joint 
 resolution of disapproval relating to a report submitted under 
 subsection

    (a)

    (1) proposing an action described in subsection

    (a)

    (2) passes both Houses of Congress in accordance with 
 subsection
            (c) , and the President vetoes the joint resolution, 
 the President may not take that action for a period of 10 
 calendar days after the date of the President's veto.

    (6) Effect of enactment of a joint resolution of 
 disapproval.--Notwithstanding any other provision of law, if a 
 joint resolution of disapproval relating to a report submitted 
 under subsection

    (a)

    (1) proposing an action described in 
 subsection

    (a)

    (2) is enacted in accordance with subsection
            (c) , 
 the President may not take that action.
            (c) Joint Resolutions of Disapproval or Approval.--

    (1) === Definitions. ===
-In this subsection:
        (A) Joint resolution of approval.--The term ``joint 
 resolution of approval'' means only a joint resolution 
 of either House of Congress--
            (i) the title of which is as follows: ``A 
 joint resolution approving the President's 
 proposal to take an action relating to the 
 application of certain sanctions with respect 
 to Russia.''; and
            (ii) the sole matter after the resolving 
 clause of which is the following: ``Congress 
 approves of the action relating to the 
 application of sanctions imposed with respect 
 to Russia proposed by the President in the 
 report submitted to Congress under this section 
 of the Ukraine Support Act with the first blank 
 space being filled with the appropriate date 
 and the second blank space being filled with a 
 short description of the proposed action.''.
        (B) Joint resolution of disapproval.--The term 
 ``joint resolution of disapproval'' means only a joint 
 resolution of either House of Congress--
            (i) the title of which is as follows: ``A 
 joint resolution disapproving the President's 
 proposal to take an action relating to the 
 application of certain sanctions with respect 
 to Russia.''; and
            (ii) the sole matter after the resolving 
 clause of which is the following: ``Congress 
 disapproves of the action relating to the 
 application of sanctions imposed with respect 
 to Russia proposed by the President in the 
 report submitted to Congress under this section 
 of the Ukraine Support Act with the first blank 
 space being filled with the appropriate date 
 and the second blank space being filled with a 
 short description of the proposed action.''.

    (2) Introduction.--During the period of 30 calendar days 
 provided for under subsection

    (b)

    (1) , including any additional 
 period as applicable under the exception provided in subsection

    (b)

    (2) , a joint resolution of approval or joint resolution of 
 disapproval may be introduced--
        (A) in the House of Representatives, by the 
 majority leader or the minority leader; and
        (B) in the Senate, by the majority leader (or the 
 majority leader's designee) or the minority leader (or 
 the minority leader's designee).

    (3) Floor consideration in house of representatives.--If a 
 committee of the House of Representatives to which a joint 
 resolution of approval or joint resolution of disapproval has 
 been referred has not reported the joint resolution within 10 
 calendar days after the date of referral, that committee shall 
 be discharged from further consideration of the joint 
 resolution.

    (4) Consideration in the senate.--
        (A) Committee referral.--A joint resolution of 
 approval or joint resolution of disapproval introduced 
 in the Senate shall be--
            (i) referred to the Committee on Banking, 
 Housing, and Urban Affairs of the Senate if the 
 joint resolution relates to a report under 
 subsection

    (a)

    (3)
        (A) that relates to an action 
 that is not intended to significantly alter 
 United States foreign policy with respect to 
 Russia; and
            (ii) referred to the Committee on Foreign 
 Relations of the Senate if the joint resolution 
 relates to a report under subsection

    (a)

    (3)
        (B) that relates to an action that is intended to 
 significantly alter United States foreign 
 policy with respect to Russia.
        (B) Reporting and discharge.--If the committee to 
 which a joint resolution of approval or joint 
 resolution of disapproval was referred has not reported 
 the joint resolution within 10 calendar days after the 
 date of referral of the joint resolution, that 
 committee shall be discharged from further 
 consideration of the joint resolution and the joint 
 resolution shall be placed on the appropriate calendar.
            (C) Proceeding to consideration.--Notwithstanding 
 Rule XXII of the Standing Rules of the Senate, it is in 
 order at any time after the Committee on Banking, 
 Housing, and Urban Affairs or the Committee on Foreign 
 Relations of the Senate, as the case may be, reports a 
 joint resolution of approval or joint resolution of 
 disapproval to the Senate or has been discharged from 
 consideration of such a joint resolution (even though a 
 previous motion to the same effect has been disagreed 
 to) to move to proceed to the consideration of the 
 joint resolution, and all points of order against the 
 joint resolution (and against consideration of the 
 joint resolution) are waived. The motion to proceed is 
 not debatable. The motion is not subject to a motion to 
 postpone. A motion to reconsider the vote by which the 
 motion is agreed to or disagreed to shall not be in 
 order.
            (D) Rulings of the chair on procedure.--Appeals 
 from the decisions of the Chair relating to the 
 application of the rules of the Senate, as the case may 
 be, to the procedure relating to a joint resolution of 
 approval or joint resolution of disapproval shall be 
 decided without debate.
        (E) Consideration of veto messages.--Debate in the 
 Senate of any veto message with respect to a joint 
 resolution of approval or joint resolution of 
 disapproval, including all debatable motions and 
 appeals in connection with the joint resolution, shall 
 be limited to 10 hours, to be equally divided between, 
 and controlled by, the majority leader and the minority 
 leader or their designees.

    (5) Rules relating to senate and house of 
 representatives.--
        (A) Treatment of senate joint resolution in 
 house.--In the House of Representatives, the following 
 procedures shall apply to a joint resolution of 
 approval or a joint resolution of disapproval received 
 from the Senate (unless the House has already passed a 
 joint resolution relating to the same proposed action):
            (i) The joint resolution shall be referred 
 to the appropriate committees.
            (ii) If a committee to which a joint 
 resolution has been referred has not reported 
 the joint resolution within 2 calendar days 
 after the date of referral, that committee 
 shall be discharged from further consideration 
 of the joint resolution.
            (iii) Beginning on the third legislative 
 day after each committee to which a joint 
 resolution has been referred reports the joint 
 resolution to the House or has been discharged 
 from further consideration thereof, it shall be 
 in order to move to proceed to consider the 
 joint resolution in the House of 
 Representatives. All points of order against 
 the motion are waived. Such a motion shall not 
 be in order after the House of Representatives 
 has disposed of a motion to proceed on the 
 joint resolution. The previous question shall 
 be considered as ordered on the motion to its 
 adoption without intervening motion. The motion 
 shall not be debatable. A motion to reconsider 
 the vote by which the motion is disposed of 
 shall not be in order.
            (iv) The joint resolution shall be 
 considered as read. All points of order against 
 the joint resolution and against its 
 consideration are waived. The previous question 
 shall be considered as ordered on the joint 
 resolution to final passage without intervening 
 motion except 2 hours of debate equally divided 
 and controlled by the sponsor of the joint 
 resolution (or a designee) and an opponent. A 
 motion to reconsider the vote on passage of the 
 joint resolution shall not be in order.
        (B) Treatment of house joint resolution in 
 senate.--
            (i) Receipt before passage.--If, before the 
 passage by the Senate of a joint resolution of 
 approval or joint resolution of disapproval, 
 the Senate receives an identical joint 
 resolution from the House of Representatives, 
 the following procedures shall apply:
            (I) That joint resolution shall not 
 be referred to a committee.
            (II) With respect to that joint 
 resolution--

    (aa) the procedure in the 
 Senate shall be the same as if 
 no joint resolution had been 
 received from the House of 
 Representatives; but

    (bb) the vote on passage 
 shall be on the joint 
 resolution from the House of 
 Representatives.
            (ii) Receipt after passage.--If, following 
 passage of a joint resolution of approval or 
 joint resolution of disapproval in the Senate, 
 the Senate receives an identical joint 
 resolution from the House of Representatives, 
 that joint resolution shall be placed on the 
 appropriate Senate calendar.
            (iii) No companion measure.--If a joint 
 resolution of approval or a joint resolution of 
 disapproval is received from the House, and no 
 companion joint resolution has been introduced 
 in the Senate, the Senate procedures under this 
 subsection shall apply to the House joint 
 resolution.
            (C) Application to revenue measures.--The 
 provisions of this paragraph shall not apply in the 
 House of Representatives to a joint resolution of 
 approval or joint resolution of disapproval that is a 
 revenue measure.
            (d) Tolling.--The requirements of this section may not be tolled by 
either the House of Representatives or the Senate.

SEC. 322. DEFINITIONS.

 In this title:

    (1) Admission; admitted; alien.--The terms ``admission'', 
 ``admitted'', and ``alien'' have the meanings given those terms 
 in 

section 101 of the Immigration and Nationality Act (8 U.S.C. 
 1101).

    (2) Appropriate committees of congress.--The term 
 ``appropriate committees of Congress'' means--
        (A) the Committee on Foreign Relations and the 
 Committee on Banking, Housing, and Urban Affairs of the 
 Senate; and
        (B) the Committee on Foreign Affairs and the 
 Committee on Financial Services of the House of 
 Representatives.

    (3) Financial institution.--The term ``financial 
 institution'' means a financial institution specified in 
 subparagraph
        (A) ,
        (B) ,
            (C) ,
            (D) ,
        (E) ,
        (F) ,
        (G) ,
        (H) ,
            (I) ,
        (J) ,
            (M) , or
        (Y) of 

section 5312

    (a)

    (2) of title 31, United States 
 Code.

    (4) Foreign financial institution.--The term ``foreign 
 financial institution'' has the meaning given that term in 
 regulations prescribed by the Secretary of the Treasury.

    (5) Foreign person.--The term ``foreign person'' means an 
 individual or entity that is not a United States person.

    (6) Knowingly.--The term ``knowingly'' with respect to 
 conduct, a circumstance, or a result, means that a person had 
 actual knowledge, or should have known, of the conduct, the 
 circumstance, or the result.

    (7) United states person.--The term ``United States 
 person'' means--
        (A) a United States citizen or an alien lawfully 
 admitted for permanent residence to the United States; 
 or
        (B) an entity organized under the laws of the 
 United States or any jurisdiction within the United 
 States, including a foreign branch of such an entity.

    (8) War of aggression.--The term ``war of aggression'' is 
 implicated when any of the following have occurred in the 30 
 days prior to a sanctions trigger determination--
        (A) a ground, amphibious, or airborne assault;
        (B) any naval, aerial, or terrestrial blockade;
            (C) any drone or missile attack; and
            (D) any cyber attack that has any physical 
 repercussion in the sovereign territory of Ukraine.
 <all>