[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 4463 Introduced in Senate (IS)]

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117th CONGRESS
  2d Session
                                S. 4463

  To terminate General License No. 8C of the Office of Foreign Assets 
 Control of the Department of the Treasury and require the application 
  of sanctions under Executive Order 14024 to the entities listed in 
                        General License No. 8C.


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                   IN THE SENATE OF THE UNITED STATES

                             June 23, 2022

  Mr. Marshall (for himself, Mr. Daines, Mr. Braun, and Mr. Scott of 
   Florida) introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
  To terminate General License No. 8C of the Office of Foreign Assets 
 Control of the Department of the Treasury and require the application 
  of sanctions under Executive Order 14024 to the entities listed in 
                        General License No. 8C.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TERMINATION OF GENERAL LICENSE NO. 8C OF OFFICE OF FOREIGN 
              ASSETS CONTROL; APPLICATION OF SANCTIONS TO CERTAIN 
              ENTITIES.

    Effective on the date of the enactment of this Act--
            (1) General License No. 8C of the Office of Foreign Assets 
        Control of the Department of the Treasury shall have no force 
        or effect; and
            (2) sanctions imposed under Executive Order 14024 (50 
        U.S.C. 1701 note; relating to blocking property with respect to 
        specified harmful foreign activities of the Government of the 
        Russian Federation) shall apply with respect to each entity 
        specified in General License No. 8C.
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