Sponsors (156)
The bill trades faster, broader, and more automatic economic and financial tools to squeeze Russia and strengthen U.S. leverage and deterrence, at the cost of higher energy and consumer prices, heavy compliance and market disruption risks, reduced diplomatic flexibility, and notable civil‑liberties and enforcement tradeoffs.
U.S. taxpayers, financial institutions, and the energy sector: The bill sharply increases economic pressure on Russia by cutting capital and revenue channels (bans on investments, sovereign debt, energy/uranium trade, asset blocks, and sanctions on banks/oligarchs), reducing Russia's ability to finance aggression.
Financial institutions, exporters, and federal agencies: The bill creates clearer legal authorities, recurring enforcement cadences, and statutory tools (definitions, automatic review cycles, standardized penalty formulas) that enable faster, more predictable sanctioning and enforcement.
U.S. national security and enforcement authorities: The bill strengthens deterrence by authorizing immediate blocking of property, visa revocations, criminal penalties, and high civil fines, increasing the costs of evading sanctions and illicit transactions.
Households, consumers, and businesses: The bill is likely to raise energy, fuel, and input costs (oil, petrochemicals, uranium) and disrupt supply chains, producing higher prices and inflationary pressure for American consumers and firms.
Banks, asset managers, and small businesses: The bill imposes substantial compliance, screening, and operational burdens (frequent reviews, blocking, reporting, large civil penalties), increasing costs, legal risk, and administrative strain across the financial sector and trade-facing firms.
Investors and markets: Short implementation windows (many 15‑day triggers) and forced divestment/delisting provisions create risk of abrupt liquidations, market disruption, and losses for U.S. investors and retirement accounts.
Based on analysis of 38 sections of legislative text.
Creates a rapid, recurring sanctions and trade regime that bans investments, blocks transactions, imposes export/import restrictions, and levies 500% duties on Russian-origin trade and facilitators after a presidential "covered determination."
Official title: To impose sanctions and other measures with respect to the Russian Federation if the Government of the Russian Federation refuses to negotiate a peace agreement with Ukraine, violates any such agreement, or initiates another military invasion of Ukraine, and for other purposes.
Introduced April 1, 2025 by Brian K. Fitzpatrick · Last progress April 1, 2025
Imposes a broad, fast-acting package of economic and trade penalties triggered by a presidential "covered determination" about Russian hostile acts toward Ukraine. The bill requires U.S. agencies to quickly ban U.S. persons from investing in or transacting with many Russian government-owned or -affiliated entities, block purchases of Russian sovereign debt, bar exports of U.S. energy products to Russia, ban imports of Russian uranium, and impose extremely high (at least 500%) duties on imports from Russia and on goods from countries that continue to trade in Russian energy products. It also mandates recurring reapplications of many sanctions every 90 days and creates enforcement duties for Treasury, Commerce, SEC, and other agencies while carving out narrow humanitarian, intelligence, and treaty-related exceptions. The measures use IEEPA and other existing authority to require blocking sanctions, asset freezes, prohibitions on financial communications, termination of correspondent banking relationships, forced trading bans for securities tied to Russian government entities, and immigration-related consequences (visa revocations). The President may only lift measures after certification that specified Russian actors have ceased proscribed conduct and Russia has reached a peace agreement with Ukraine; the law also requires automatic reimposition if prohibited acts resume.