Sponsors (85)
Introduced April 1, 2025 by Lindsey O. Graham · Last progress April 1, 2025
The bill sharply tightens economic, financial, and trade pressure on Russia—strengthening U.S. sanctions, enforcement timelines, and deterrence while preserving narrow humanitarian and intelligence exceptions—at the cost of higher prices for U.S. consumers, increased compliance and market disruption for businesses and financial firms, and expanded executive sanction authority with reduced procedural safeguards.
Financial institutions, investors, and the American public: U.S. persons and banks will be barred from transacting with or financing Russian state-owned, state-affiliated, or sanctioned entities, reducing private-sector financial support for Russia's government and military.
U.S. energy producers, utilities, and consumers: U.S. persons are prohibited from shipping U.S.-produced energy to Russia and from investing in Russia's energy sector, decreasing U.S. capital and physical support for Russian energy production and transshipment.
Financial firms, regulators, and markets: The bill creates clear, time‑bound enforcement tools, automatic triggers, and statutory definitions (15‑ and 90‑day timelines, covered-account/actor definitions, delisting processes) that raise predictability and strengthen sanction implementation.
American consumers, households, and businesses: Higher import duties, bans on Russian-origin energy and materials, and disrupted supply chains are likely to raise prices for goods and energy, increasing living and operating costs.
Banks, brokers, exchanges, and their customers: Rapid 15‑day implementation windows, repeated delistings, and expanded transaction prohibitions will raise compliance, operational and liquidity costs and risk short‑term market disruption.
U.S. exporters and the broader economy: Sanctioning foreign firms and restricting trade may provoke retaliatory measures or trade disputes, harming U.S. exporters, global supply chains, and potentially raising costs for consumers.
Based on analysis of 38 sections of legislative text.
Triggers broad sanctions, export controls, and 500% tariffs to cut financial, trade, and energy ties to Russia and to third parties who deal in Russian-origin energy or uranium.
Imposes sweeping, automatic sanctions, trade penalties, and financial restrictions on the Russian government, its military, affiliated entities, and those who support or transact with them. Key actions include bans on U.S. investments that benefit specified Russian government or military entities, prohibitions on buying Russian sovereign debt, an import ban on Russian uranium, export controls on U.S. energy products to Russia, 500% tariffs on imports from Russia (and on countries that knowingly trade in Russian-origin energy or uranium), blocking sanctions on banks and officials, and prohibitions on trading securities tied to Russian-affiliated issuers. Most measures take effect 15 days after a presidential “covered determination” and are reviewed or reimposed every 90 days; the President must make an initial determination within 15 days of enactment. The law authorizes broad use of International Emergency Economic Powers Act authorities, creates criminal and civil penalties for violations, and includes narrow exceptions for humanitarian assistance, authorized intelligence activities, and certain diplomatic/consular admissions obligations.