HR 6995 · 117th Congress · Foreign Trade and International Finance

Russia Trade and Investment Ban Act

Introduced 2022-03-08· Sponsored by Rep. Perry, Scott [R-PA-10]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Committee on Ways and Means, and in addition to the Committees on Foreign Affairs, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(2022-03-08)

Plain Language Summary

[AI summary unavailable — showing source text] Russia Trade and Investment Ban Act This bill requires the President to establish and maintain a total embargo on all trade with Russia, Crimea, and the regions of Donetsk and Luhansk in Ukraine. Additionally, the bill prohibits the purchase or sale (except for divestment purposes) of any publicly traded securities or related derivatives of entities incorporated in Russia, Crimea, or the regions of Donetsk and Luhansk in Ukraine, or their affiliates. The bill prohibits a U.S. person or person within the United States from evading or avoiding sanctions provided for by the bill.…

Summarized by Claude AI · Non-partisan · For informational purposes only