Rosatom Sanctions Enforcement Act

Summary

Rosatom Sanctions Enforcement Act This bill requires the President to take actions against Russian nuclear suppliers (e.g., Rosatom). (Rosatom is Russia's state nuclear power conglomerate.) Specifically, the bill requires the President to impose property-blocking sanctions on Rosatom and others, including foreign persons involved in Rosatom’s construction of nuclear reactors. Additionally, the President must submit to Congress a strategy to (1) replace Rosatom and other Russian nuclear suppliers with those from the United States and U.S. allies and partners, and (2) effect a permanent decoupling from the Russian nuclear industry. Within 60 days of submitting this strategy, the President must issue a directive prohibiting U.S. persons from engaging in any significant transaction with Rosatom and others involved with Rosatom. The bill also requires the President to prescribe regulations to prohibit or impose strict conditions with respect to certain financial accounts held by foreign financial institutions. The bill allows the President to waive the aforementioned sanctions under specified circumstances. The President must, within 60 days of receiving a request from Congress, determine whether a person or foreign financial institution described in the request meets the criteria to be subject to sanctions imposed in two specified regulations relating to Russia. The President must submit a report to Congress stating whether the President imposed or intends to impose sanctions on persons or institutions described in the request from Congress. The President must also pause the issuance of export licenses granted under a civil nuclear cooperation agreement with Russia until certain conditions are met.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 17 April 2024

   Introduced

   Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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.

   Source: IntroReferral

2. 17 April 2024

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 April 2024

   Introduced

   Introduced in House

   Source: IntroReferral

4. 16 May 2024

   Reported

   Ordered to be Reported in the Nature of a Substitute (Amended) by Unanimous Consent.

   Source: Committee

5. 16 May 2024

   Committee

   Committee Consideration and Mark-up Session Held

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 April 2024 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 April 2024

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 April 2024

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 17 April 2024

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  Vertaal document

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Sponsors

• Rep. Kean, Thomas H. [R-NJ-7] · R · Sponsor
• Rep. McCaul, Michael T. [R-TX-10] · R · Cosponsor
• Rep. Lawler, Michael [R-NY-17] · R · Cosponsor
• Rep. Wilson, Joe [R-SC-2] · R · Cosponsor
• Rep. Keating, William R. [D-MA-9] · D · Cosponsor
• Rep. Doggett, Lloyd [D-TX-37] · D · Cosponsor
• Rep. Lamborn, Doug [R-CO-5] · R · Cosponsor
• Rep. Moulton, Seth [D-MA-6] · D · Cosponsor
• Rep. Donalds, Byron [R-FL-19] · R · Cosponsor
• Rep. Hudson, Richard [R-NC-8] · R · Cosponsor
• · hsfa00 · Standing
• · hsba00 · Standing

Related records

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