Sponsors (155)
Introduced April 1, 2025 by Brian K. Fitzpatrick · Last progress April 1, 2025
The bill sharply increases U.S. economic pressure on Russia—by blocking investments, trade, and financial access and by creating rapid, repeatable sanction tools—to weaken Russia's ability to wage war, at the cost of higher compliance and transition costs for U.S. businesses and consumers, greater executive sanctioning power, and risks of market disruption and international retaliation.
U.S. investors, financial institutions, and markets will be barred from buying, holding, or trading specified Russian government-controlled debt, securities, and assets, cutting U.S. capital flows to Russia and reducing the risk of Russian influence in U.S. financial markets.
Federal policymakers get faster, repeatable enforcement tools (15‑day implementation windows, 90‑day review cycles, and expanded IEEPA authority) that increase U.S. leverage to impose sanctions and respond quickly to new Russian activity.
U.S. trade and energy policy will explicitly target Russian energy and resource revenues—through export/investment restrictions, bans on Russian-origin uranium, and steep duties—reducing Russia's export income and encouraging alternative supply chains.
U.S. consumers, businesses, utilities, and workers face higher prices and possible supply disruptions as sanctions, tariffs, bans on Russian-origin uranium, and trade restrictions remove low‑cost sources and force supply-chain transitions.
Banks, brokers, exchanges, asset managers, and other financial institutions will incur substantial compliance, monitoring, legal, and operational costs (blocking, divestitures, licensing), which can be passed to customers and strain smaller firms.
Rapid forced delistings, blocked assets, and transaction bans risk market disruption and liquidity shocks that could harm pension funds, retail investors, broker-dealers, and market makers through sudden price volatility or forced sales.
Based on analysis of 38 sections of legislative text.
Imposes immediate and repeated sweeping sanctions, investment bans, asset blocks, trade controls, and 500%+ tariffs targeting Russia and parties that handle Russian-origin energy, uranium, or sovereign debt.
Imposes immediate and recurring, wide-ranging sanctions, trade bans, and tariff increases against the Russian government, its state-owned enterprises, and persons who support or enable its military, energy, or financial activities related to aggression against Ukraine. Once the President makes a required “covered determination” (to be made within 15 days of enactment and every 90 days thereafter), the law triggers near-immediate prohibitions on U.S. investments in Russian entities and energy, bans purchases of Russian sovereign debt, blocks and freezes property and transactions involving specified Russian banks and entities (including Rosatom), stops certain financial transfers and messaging services, directs the SEC to bar trading of covered Russian-related securities, and raises import duties on Russian goods (and on goods from countries that knowingly deal in Russian-origin oil, gas, uranium, or petrochemicals) to at least the equivalent of 500% ad valorem. Narrow exceptions cover humanitarian aid, authorized intelligence activities, and treaty-based diplomatic obligations. The President may terminate measures only after certified verification that hostile acts have ceased and a peace agreement with Ukraine is in place.