[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4825 Introduced in House (IH)]
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118th CONGRESS
1st Session
H. R. 4825
To require the imposition of sanctions and other measures relating to
the Russian oil price cap policy, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 24, 2023
Ms. Dean of Pennsylvania (for herself and Mr. Barr) introduced the
following bill; which was referred to the Committee on Foreign Affairs
_______________________________________________________________________
A BILL
To require the imposition of sanctions and other measures relating to
the Russian oil price cap policy, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``No Illegal Oil from Russia Act of
2023''.
SEC. 2. DIPLOMATIC STRATEGY TO ENHANCE INTERNATIONAL COMPLIANCE WITH
THE RUSSIAN OIL PRICE CAP POLICY.
(a) Strategy.--Not later than 180 days after the date of enactment
of this Act, the Secretary of State and the Secretary of the Treasury
shall jointly submit to the Committee on Foreign Affairs of the House
of Representatives and the Committee on Foreign Relations of the Senate
a strategy to enhance international compliance with the Russian oil
price cap policy.
(b) Matters.--The strategy under subsection (a) shall include--
(1) an overview of general international compliance with
the Russian oil price cap policy;
(2) a list of the countries known to have purchased
significant quantities of Russian oil at prices above the price
agreed to in the Russian oil price cap policy set forth by the
Group of Seven (``G7'') nations;
(3) any known methods used by such countries to avoid
detection of their purchases of Russian oil at prices above the
price agreed to in the Russian oil price cap policy;
(4) an assessment of possible incentives the United States
could provide to countries listed pursuant to paragraph (2) to
encourage compliance with the Russian oil price cap policy;
(5) an assessment of whether the imposition of additional
sanctions, including possible secondary sanctions, would
enhance international compliance with the Russian oil price cap
policy;
(6) a description of the views of the government of each
country participating in the Russian oil price cap policy
regarding whether the price cap under such policy should be
lowered or not; and
(7) a description of the United States diplomatic
engagement with the government of each country participating in
the Russian oil price cap policy regarding the appropriateness
of the current cap, including any diplomatic engagement
intended to encourage support for the lowering of the price
cap.
SEC. 3. REPORTS ON GLOBAL IMPACT OF THE RUSSIAN OIL PRICE CAP POLICY.
(a) In General .--Not later than 60 days after the date of
enactment of this Act, and every 90 days thereafter until the date
described in subsection (d), the Secretary of State, in coordination
with the Secretary of the Treasury and the Secretary of Energy, shall
submit to the appropriate congressional committees a report on the
global impact of the Russian oil price cap policy.
(b) Elements.--Each report under subsection (a) shall include an
analysis of the impact of the Russian oil price cap policy during the
90-day period covered by the report, and a forecast of such impact over
the subsequent 180 days, with respect to the following metrics:
(1) Global crude oil prices, including a comparison of
global crude oil prices over time since December 2022, and the
price set in the oil price cap policy.
(2) The volume and sale price of Russian crude and refined
oil product exports.
(3) Revenue earned by the Russian Federation through
exports of oil products.
(4) Russian oil production levels.
(5) Revenue collected by entities located in a G7 country,
the European Union, or Australia that provide maritime services
including--
(A) trading and commodities brokering;
(B) financing;
(C) shipping;
(D) insurance, including reinsurance and protection
and indemnity; and
(E) flagging; and customs brokering.
(6) The economies of G7 countries, member states of the
European Union, and Australia.
(c) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Foreign Relations and the Committee on
Energy and Natural Resources of the Senate; and
(2) the Committee on Foreign Affairs and the Committee on
Energy and Commerce of the House of Representatives.
(d) Sunset.--The date described in this subsection is the earlier
of the following:
(1) The date that is 3 years after the date of enactment of
this Act.
(2) The date on which the Russian oil price cap policy
ceases to be in effect.
SEC. 4. IMPOSITION OF SANCTIONS.
(a) In General.--Not later than 180 days after the date of the
enactment of this Act, the President shall, pursuant to subsection (b),
block the assets of any foreign person that the President determines is
a foreign vessel that knowingly transports Russian oil in contravention
of the Russian oil price cap policy.
(b) Asset Blocking.--Notwithstanding the requirements of section
202 of the International Emergency Economic Powers Act (50 U.S.C.
1701), the President may exercise all powers granted to the President
by that Act to the extent necessary to block and prohibit all
transactions in all property and interests in property of the foreign
person if such property and interests in property are in the United
States, come within the United States, or are or come within the
possession or control of a United States person.
(c) Exceptions.--
(1) Exception for certain government entities.--Sanctions
under this section shall not apply with respect to a vessel
registered under the jurisdiction of--
(A) a member country of the European Union;
(B) Australia; or
(C) a G7 country.
(2) Exception relating to the provision of humanitarian
assistance.--Sanctions under this section may not be imposed
with respect to transactions or the facilitation of
transactions for--
(A) the provision of humanitarian assistance; and
(B) transporting goods or services that are
necessary to carry out operations relating to
humanitarian assistance or humanitarian purposes;
(3) Exception for safety of vessels and crew.--Sanctions
under this section shall not apply with respect to a person
providing provisions to a vessel otherwise subject to sanctions
under this section if such provisions are intended for the
safety and care of the crew aboard the vessel, the protection
of human life aboard the vessel, or the maintenance of the
vessel to avoid any environmental or other significant damage.
(4) Exception to comply with national security.--The
following activities shall be exempt from sanctions under this
section:
(A) Activities subject to the reporting
requirements under title V of the National Security Act
of 1947 (50 U.S.C. 3091 et seq.).
(B) Any authorized intelligence, law enforcement,
or other national security activities of the United
States.
(d) National Interest Waiver.--The President may waive the
application of sanctions under this section with respect to a person if
the President--
(1) determines that the waiver is in the national interests
of the United States; and
(2) submits to the appropriate congressional committees a
report on the waiver and the reasons for the waiver.
(e) Implementation; Penalties.--
(1) Implementation.--The President may exercise all
authorities provided to the President under sections 203 and
205 of the International Emergency Economic Powers Act (50
U.S.C. 1702 and 1704) to carry out this section.
(2) Penalties.--A person that violates, attempts to
violate, conspires to violate, or causes violation of this
section or any regulation, license, or order issued to carry
out this section shall be subject to the penalties set forth in
subsections (b) and (c) of section 206 of International
Emergency Economic Powers Act (50 U.S.C. 1705) to the same
extent as a person that commits an unlawful act described in
subsection (a) of that section.
(f) Sunset.--The authority to impose sanctions under this section
shall terminate on the date that is the earlier of the following:
(1) The date that is 5 years after the date of the
enactment of this Act.
(2) The date on which the Russian oil price cap policy
ceases to be in effect.
(g) Consultations.--Prior to the imposition of sanctions under this
section, the Secretary of State shall consult with the appropriate
counterparts of the Governments of Australia, G7 countries, and member
countries of the European Union with respect to the imposition of
sanctions.
(h) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Foreign Relations and the Committee on
Banking, Housing, and Urban Affairs of the Senate; and
(2) the Committee on Foreign Affairs and the Committee on
Financial Services of the House of Representatives.
SEC. 5. DEFINITIONS.
In this Act:
(1) Foreign person.--The term ``foreign person'' means a
person that is not a United States person.
(2) Knowingly.--The term ``knowingly,'' with respect to
conduct, a circumstance, or a result, means that a person has
actual knowledge, or should have known, of the conduct, the
circumstance, or the result.
(3) Russian oil price cap policy.-- The term ``Russian oil
price cap policy'' means the agreement between the United
States, other G7 countries, the European Union, and Australia
announced in December 2022 to ban a range of services related
to the maritime transport of crude oil of Russian Federation
origin unless purchasers buy the oil at or below $60 per
barrel, and any subsequent revisions to that agreement.
(4) United states person.--The term ``United States
person'' means--
(A) a United States citizen or an alien lawfully
admitted for permanent residence to the United States;
(B) an entity organized under the laws of the
United States or any jurisdiction within the United
States, including a foreign branch of such an entity;
or
(C) any person located in the United States.
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