Sponsors (156)
The bill sharply increases U.S. financial and trade pressure on Russia with broad, rapid, and recurring sanctions and clearer enforcement tools—strengthening deterrence and reducing Russian revenue—but does so at the cost of higher prices and supply-chain disruptions for Americans, heavy compliance and legal burdens on U.S. firms, reduced procedural checks on executive power, and elevated risk of diplomatic retaliation.
Financial institutions, investors, and U.S. markets: large, coordinated bans and blocking authorities will sharply reduce capital, debt purchases, banking access, and trading that can flow to the Russian government, state banks, and targeted firms, shrinking Russia's financial resources for aggression.
U.S. policymakers and enforcement agencies: recurring automatic sanction triggers, clearer statutory authorities (IEEPA property-blocking, delisting authority, and defined reviews) provide stronger, predictable tools to deter and punish Russian malign activity.
Utilities, nuclear operators, and energy markets: bans and restrictions on Russian-origin uranium, oil, gas, and petrochemicals reduce U.S. reliance on a geopolitical adversary and pressure Russia by cutting key export revenues.
American consumers, households, and businesses: higher duties, import bans, and disrupted supply chains (energy, petrochemicals, uranium, plastics, fuel, electricity) are likely to raise prices and cause short-term shortages or production cost increases.
U.S. banks, funds, brokers, and investors: forced divestments, rapid delistings, transaction bans, and expanded screening obligations will create significant compliance costs, portfolio disruption, and potential losses for financial institutions and their clients.
Federal oversight and civil liberties: broad IEEPA powers, statutory waivers of procedural requirements, and mandatory automatic measures reduce checks and transparency, concentrating expansive economic emergency authority in the executive branch.
Based on analysis of 38 sections of legislative text.
Introduced April 1, 2025 by Brian K. Fitzpatrick · Last progress April 1, 2025
Imposes sweeping, automatic U.S. economic and trade measures against the Russian government, its armed forces, government-owned or affiliated entities, and other designated persons after a presidential “covered determination.” Measures include bans on U.S. financial investments that benefit Russian state entities or its armed forces; prohibitions on U.S. purchases of Russian sovereign debt; export controls and bans on U.S. energy exports to Russia and U.S. investment in Russia’s energy sector; import bans on Russian-sourced uranium; blocking sanctions on Russian banks, state-owned companies, and affiliated entities; suspension of financial messaging and transfers; and very large, statutory import duties (at least 500% ad valorem) on Russian goods and on goods from countries knowingly transacting in Russian-origin energy or uranium. The President must make an initial determination within 15 days of enactment and then every 90 days whether specified hostile acts have occurred or are planned; many prohibitions and mandatory sanctions take effect within 15 days after each such determination and are reimposed or updated every 90 days. The bill uses IEEPA authorities, directs Treasury, Commerce, the USTR, and the SEC to implement measures, creates limited humanitarian and intelligence carve-outs, and prescribes civil and criminal penalties for violations under IEEPA penalty provisions by reference.
Establishes an automatic, recurring sanctions regime that blocks transactions, bans purchases of Russian sovereign debt, restricts energy exports/investments, bars Russian uranium imports, and imposes minimum 500% tariffs after a presidential determination.