((a)) ** In general** Not later than 30 days after , the Securities and Exchange Commission shall prohibit the securities of an issuer described in subsection (b) from being traded on a national securities exchange.September 18, 20262026-09-18

((b)) ** Issuers** An issuer described in this subsection is an issuer that is—

((1)) an official of or individual affiliated with the Government of the Russian Federation; or

((2)) an entity—

((A)) in which the Government of the Russian Federation has a controlling or majority ownership interest; or

((B)) that is otherwise affiliated with the Government of the Russian Federation.

((c)) ** Definitions** In this section:

((1)) ** Issuer; security** The terms “issuer” and “security” have the meanings given those terms in .section 78c(a) of title 15

((2)) ** National securities exchange** The term “national securities exchange” means an exchange registered as a national securities exchange in accordance with .section 78f of title 15