[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2913 Introduced in House (IH)]

<DOC>






119th CONGRESS
  1st Session
                                H. R. 2913

       To authorize support for Ukraine, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 14, 2025

 Mr. Meeks (for himself, Mr. Hoyer, Mr. Connolly, Mr. Doggett, and Mr. 
   Keating) introduced the following bill; which was referred to the 
  Committee on Foreign Affairs, and in addition to the Committees on 
  Transportation and Infrastructure, Intelligence (Permanent Select), 
    Ways and Means, Rules, the Judiciary, Financial Services, Armed 
Services, and the Budget, 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

_______________________________________________________________________

                                 A BILL


 
       To authorize support for Ukraine, 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; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Ukraine Support 
Act''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.
               TITLE I--DIPLOMACY AND SUPPORT FOR UKRAINE

Sec. 101. Affirming support for Ukraine.
Sec. 102. Reaffirming the importance of NATO.
Sec. 103. Condemning the kidnapping of Ukrainian children.
Sec. 104. Support for Ukraine under title II of the BUILD Act of 2018.
Sec. 105. Vessel war risk insurance.
Sec. 106. Insurance for Ukraine Initiative.
Sec. 107. Codification of a Special Coordinator for Ukrainian 
                            Reconstruction.
Sec. 108. Support for Radio Free Europe.
Sec. 109. Authorizing programs to counter and combat Russian 
                            disinformation activities.
Sec. 110. Establishment of Ukraine Reconstruction Trust Fund.
Sec. 111. United States-European Nuclear Energy Cooperation.
                     TITLE II--SECURITY ASSISTANCE

Sec. 201. Lend-lease authority.
Sec. 202. Direct loans and foreign military financing.
Sec. 203. Support for Baltic countries.
Sec. 204. Extension of Ukraine Security Assistance Initiative.
Sec. 205. Report on allied and partner military contributions.
Sec. 206. Report on United States-Ukraine intelligence support and 
                            cooperation.
                TITLE III--SANCTIONS AND EXPORT CONTROLS

Sec. 301. Sanctions trigger determination.
Sec. 302. Imposition of sanctions with respect to Russian financial 
                            institutions.
Sec. 303. Impositions of sanctions with respect to Russian oil and 
                            mining industry.
Sec. 304. Imposition of sanctions on certain persons affiliated with or 
                            supporting the Government of the Russian 
                            Federation.
Sec. 305. Crimea tunnel sanctions.
Sec. 306. Zaporizhzhia nuclear power plant sanctions.
Sec. 307. Rosatom sanctions.
Sec. 308. Imposition of price cap vessel sanctions.
Sec. 309. SWIFT sanctions.
Sec. 310. Russian sovereign debt sanctions.
Sec. 311. Imposition of sanctions on Russia-North Korea cooperation.
Sec. 312. Sanctions for kidnapping Ukrainian children.
Sec. 313. Imposition of dual-use export controls.
Sec. 314. Duties on the Russian Federation.
Sec. 315. Ending Russian oil import loophole.
Sec. 316. Taxing capital gains on Russian sovereign assets.
Sec. 317. Sanctions described.
Sec. 318. Implementation; regulations; penalties.
Sec. 319. Exceptions; waiver.
Sec. 320. Termination.
Sec. 321. Congressional review of Russia sanctions.
Sec. 322. Definitions.

               TITLE I--DIPLOMACY AND SUPPORT FOR UKRAINE

SEC. 101. AFFIRMING SUPPORT FOR UKRAINE.

    (a) Findings.--Congress finds the following:
            (1) On February 24, 2022, the Russian Federation launched 
        an unprovoked and brutal full-scale invasion of Ukraine, 
        violating Ukraine's sovereignty and territorial integrity, 
        subjecting the nation to acts of aggression that have 
        threatened its independence and security.
            (2) For three years, the people of Ukraine have 
        demonstrated extraordinary resilience, courage, and 
        determination in the face of relentless attacks on their homes, 
        communities, sovereignty, and fundamental freedoms.
            (3) Since the beginning of the invasion, Russia has engaged 
        in widespread and systematic war crimes, including--
                    (A) deliberate targeting of civilian 
                infrastructure, including residential buildings, 
                schools, hospitals, and evacuation corridors;
                    (B) the forced deportation and kidnapping of at 
                least 19,000 Ukrainian children to Russian-controlled 
                territories in an attempt to erase Ukrainian identity;
                    (C) the destruction of Ukraine's agricultural and 
                energy infrastructure to create humanitarian crises and 
                disrupt global food supply chains; and
                    (D) the use of torture, extrajudicial killings, and 
                mass graves in occupied Ukrainian territories, as 
                documented by the United Nations, the International 
                Criminal Court, and leading human rights organizations.
            (4) Despite these atrocities, the people of Ukraine remain 
        unyielding, demonstrating that their spirit and commitment to 
        self-determination cannot be extinguished.
            (5) The Russian Federation, despite its overwhelming use of 
        force, has suffered catastrophic military losses, with 
        estimates exceeding 800,000 casualties, illustrating that 
        President Vladimir Putin's war of conquest has become both a 
        strategic failure and a humanitarian disaster for Russia.
            (6) Ukraine, despite facing an adversary with a far larger 
        population, army, and military arsenal, continues to fight 
        courageously for its sovereignty, demonstrating its resilience 
        and determination.
            (7) Russia's war has destabilized global security, 
        undermining the principles of sovereignty and nonaggression and 
        emboldening authoritarian regimes seeking to redraw 
        international borders by force.
            (8) The United States, the North Atlantic Treaty 
        Organization (NATO), the European Union, and allied nations 
        have demonstrated historic unity in their support for Ukraine, 
        reaffirming their commitment to upholding international law, 
        territorial integrity, and democratic values.
    (b) Sense of Congress.--It is the sense of Congress that the United 
States--
            (1) recognizes that discussions surrounding the future of 
        Ukraine must include Ukraine;
            (2) condemns in the strongest possible terms the Russian 
        Federation's ongoing war crimes, its targeted destruction of 
        Ukrainian society, and its blatant violations of international 
        law;
            (3) reaffirms its commitment to the people of Ukraine and 
        the principles of sovereignty, independence, and territorial 
        integrity within internationally recognized borders;
            (4) urges the immediate and unconditional withdrawal of all 
        Russian forces from Ukrainian territory, including Crimea and 
        the Donbas, and affirms that any negotiations must be based on 
        Ukraine's sovereignty, not dictated by Russian ultimatums;
            (5) demands international institutions take decisive action 
        to ensure the safe return of at least 19,000 kidnapped 
        Ukrainian children, recognizing that their forced deportation 
        is a war crime and an act of genocide under international law;
            (6) supports the continued prosecution of Vladimir Putin 
        and Russian political and military leaders for war crimes, 
        crimes against humanity, and genocide, reinforcing that those 
        who orchestrate such atrocities must be held accountable before 
        the world; and
            (7) stresses that any sustainable peace deal must be built 
        with Ukraine and our European allies at the table.

SEC. 102. REAFFIRMING THE IMPORTANCE OF NATO.

    (a) Findings.--Congress finds the following:
            (1) The United States and its democratic allies and 
        partners face unprecedented international challenges and 
        evolving threats to global security.
            (2) The North Atlantic Treaty Organization (NATO) was 
        founded on April 4, 1949, to counter Soviet expansion, prevent 
        further world wars in Europe, and strengthen transatlantic 
        security, and is built on the democratic principles of freedom, 
        security, and national sovereignty.
            (3) Article 5 of the North Atlantic Treaty underpins the 
        principle of ``collective defense'' and has served as a guiding 
        value of United States foreign policy for over 75 years.
            (4) The United States commitment to Article 5 enhances 
        deterrence against adversaries such as Russia, China, and Iran 
        that seek to spread their malign influence.
            (5) The unity of NATO allies strengthens collective 
        security and the stability of democratic states.
            (6) NATO serves as a bulwark against the proliferation of 
        malign influence, technologies, and destabilizing operations by 
        adversaries.
            (7) Authoritarian regimes such as Russia, China, Iran, and 
        North Korea have increased collaboration in political, 
        economic, and security sectors to undermine democratic 
        principles.
            (8) In the only invocation of Article 5, NATO allies 
        provided military and intelligence support to the United States 
        following the September 11, 2001, attacks, and many NATO allies 
        incurred significant casualties in Afghanistan.
            (9) NATO has remained steadfast in its support for Ukraine, 
        with member countries providing military and non-security 
        assistance, strengthening Ukraine's defense capabilities, and 
        imposing costs on Russia for its illegal invasion.
            (10) Finland and Sweden made the sovereign decision to 
        accede to NATO following Russia's invasion of Ukraine.
            (11) NATO continues to address systemic challenges posed by 
        China to Euro-Atlantic interests and security.
            (12) NATO member states have strengthened their defense and 
        cyber capabilities, including through the Defense Innovation 
        Accelerator for the North Atlantic (DIANA) program.
    (b) Sense of Congress.--It is the sense of Congress that--
            (1) the United States reaffirms its full and unwavering 
        commitment to NATO;
            (2) NATO remains vital to United States national security 
        interests and the United States remains fully committed to 
        defending its allies under Article 5 of the North Atlantic 
        Treaty;
            (3) NATO's open door policy is essential to European 
        security, and every sovereign state has the right to determine 
        its security arrangements, including Ukraine;
            (4) the United States remembers and honors the thousands of 
        NATO coalition soldiers who sacrificed their lives following 
        the invocation of Article 5 after the September 11, 2001, 
        attacks;
            (5) all NATO allies should dedicate at least 2 percent of 
        their gross domestic product to national defense or establish 
        concrete plans to meet their 2 percent obligations by the 
        Washington Summit; and
            (6) NATO allies must continue cooperation in advanced 
        defense technologies, counterintelligence, and cybersecurity 
        programs to counter evolving threats from adversaries such as 
        Russia, China, and Iran.

SEC. 103. CONDEMNING THE KIDNAPPING OF UKRAINIAN CHILDREN.

    (a) Findings.--Congress finds the following:
            (1) On January 12, 1951, the Convention on the Prevention 
        and Punishment of the Crime of Genocide (commonly known as the 
        ``Genocide Convention'') entered into force. The Russian 
        Federation is a party to the Convention and is therefore bound 
        by its obligations.
            (2) On February 24, 2022, the Russian Federation escalated 
        its 8-year occupation of sovereign Ukrainian territory by 
        launching a full-scale, unprovoked invasion of Ukraine.
            (3) Russian armed forces have committed widespread and 
        systematic atrocities against Ukrainian civilians, including 
        the targeting of civilian infrastructure and protected sites.
            (4) On March 9, 2022, Russian forces attacked a maternity 
        hospital in Mariupol, Ukraine, resulting in the deaths of 5 
        individuals and injuries to 17 others, in violation of 
        international humanitarian law.
            (5) On March 22, 2022, the Ukrainian Ministry of Foreign 
        Affairs announced that the Russian military had illegally 
        abducted and forcibly transferred 2,389 Ukrainian children from 
        temporarily occupied areas of Ukraine to the Russian 
        Federation.
            (6) On June 2, 2022, Ukrainian President Volodymyr 
        Zelenskyy stated that an estimated 200,000 Ukrainian children 
        had been forcibly transferred to Russia.
            (7) Article II(e) of the Genocide Convention defines 
        ``forcibly transferring children of the group to another 
        group'' as an act of genocide.
            (8) Maria Lvova-Belova, Children's Rights Commissioner for 
        the President of Russia, publicly admitted to overseeing the 
        abduction and forced transfer of Ukrainian children and their 
        adoption by Russian families.
            (9) Ukrainian authorities have stated that many abducted 
        children have living family members in Ukraine but have been 
        separated due to Russia's renewed invasion.
            (10) On June 16, 2022, Russian authorities announced that 
        children born in occupied Ukrainian territories after the 
        February 24, 2022, invasion would automatically be deemed 
        Russian citizens, contributing to the erasure of Ukrainian 
        identity.
            (11) On June 22, 2022, the United Nations Human Rights 
        Office of the High Commissioner verified that at least 320 
        children had been killed as a result of Russia's renewed 
        invasion of Ukraine.
            (12) On July 11, 2022, United Nations Secretary-General 
        Antonio Guterres ordered an investigation into the deaths and 
        injuries of Ukrainian children in the context of the conflict.
            (13) On July 13, 2022, Secretary of State Antony J. Blinken 
        called on the Russian Federation to ``immediately halt its 
        systemic filtration operations in Ukraine'', which have 
        resulted in the disappearance, detention, or forcible 
        deportation of between 900,000 and 1,600,000 Ukrainians, 
        including approximately 260,000 children.
    (b) Sense of Congress.--It is the sense of Congress that--
            (1) the abduction and forcible transfer of children and 
        facilitation of illegal adoptions of Ukrainian children by the 
        Russian Federation is contrary to Russia's obligations under 
        the Genocide Convention and constitute acts of genocide;
            (2) the Russian Federation is deliberately seeking to wipe 
        out a generation of Ukrainian children, thereby crippling 
        Ukraine's ability to nurture the next generation of Ukrainian 
        citizens and leaders and to rebuild their country after 
        Russia's unprovoked war, with the purpose of demolishing 
        Ukraine's unique language, culture, history, and identity;
            (3) the Russian Federation's unprovoked invasion of Ukraine 
        has significantly increased the risks of children being exposed 
        to human trafficking and exploitation, child labor, gender-
        based violence, hunger, injury, trauma, deprivation of 
        education and shelter, and death; and
            (4) the Government of the Russian Federation, under the 
        leadership of Vladimir Putin, bears full responsibility for the 
        wrongful and illegal abduction and forcible transfer of 
        children from Ukraine, and Congress condemns these actions in 
        the strongest terms.

SEC. 104. SUPPORT FOR UKRAINE UNDER TITLE II OF THE BUILD ACT OF 2018.

    Section 1412(c) of the Better Utilization of Investments Leading to 
Development Act of 2018 (22 U.S.C. 9612(c)) is amended--
            (1) in paragraph (1), by inserting ``in Ukraine and'' after 
        ``the provision of support under title II''; and
            (2) in paragraph (2)--
                    (A) by striking ``The Corporation'' and inserting 
                the following:
                    ``(A) In general.--The Corporation'';
                    (B) by striking ``(A) the President'' and inserting 
                the following:
                            ``(i) the President'';
                    (C) by striking ``(B) such support'' and inserting 
                the following:
                            ``(ii) such support''; and
                    (D) by adding at the end the following:
                    ``(B) Non-applicability to ukraine.--The provisions 
                of subparagraph (A) shall not apply with respect to 
                Ukraine.''.

SEC. 105. VESSEL WAR RISK INSURANCE.

    (a) Eligibility.--Notwithstanding section 53902 of title 46, United 
States Code, for the period beginning on the date of enactment of this 
Act, and ending 5 years after such date, a covered vessel shall be 
deemed to be eligible for insurance or reinsurance under chapter 539 of 
title 46, United States Code, if such vessel is engaged in 
transportation in waterborne commerce importing cargo to, or exporting 
cargo from, Ukraine.
    (b) Expansion of Cargo.--Subparagraphs (B) through (D) of section 
53903(a)(3) of title 46, United States Code, shall not apply to cargo 
imported or exported to or from Ukraine.
    (c) Definitions.--In this section:
            (1) Covered vessel.--The term ``covered vessel'' means a 
        vessel that is owned by a citizen of--
                    (A) a member country of the North Atlantic Treaty 
                Organization;
                    (B) Ukraine; or
                    (C) any other country the Secretary of State, in 
                consultation with the Secretary of Transportation, 
                determines, in the interest of national security, shall 
                be considered eligible for insurance or reinsurance 
                under chapter 539 of title 46, United States Code.
            (2) Owned by a citizen.--The term ``owned by a citizen'' 
        means ownership by an entity that is considered to be a citizen 
        of a country in the same manner as an entity is deemed to be a 
        citizen of the United States under section 50501 of title 46, 
        United States Code.

SEC. 106. INSURANCE FOR UKRAINE INITIATIVE.

    (a) Establishment.--There is established in the Department of State 
an entity to be known as the ``Insurance for Ukraine Initiative''.
    (b) Objectives.--The objectives of the Insurance for Ukraine 
Initiative are the following:
            (1) Bolster confidence in Ukraine's eventual economic 
        recovery from Russia's full-scale invasion through the 
        provision of war risk insurance.
            (2) Encourage European allies and partners to finance and 
        invest in Ukraine's economic recovery, including through the 
        provision of war risk insurance.
            (3) Promote closer economic integration between Ukraine and 
        other countries in Europe as well as the United States and 
        further Ukraine's accession to the European Union.
            (4) Coordinate dialogue and fora for extensive outreach 
        with private sector insurance companies relating to the 
        provision of war risk insurance to Ukraine.
            (5) Work with Ukraine, international organizations, and 
        Middle Eastern and African allies and partners to ensure the 
        bountiful and affordable shipment of grain and other food 
        commodities from Ukraine.
    (c) Report.--Not later than 1 year after the date of the enactment 
of this Act, and annually thereafter for the following 3 years, the 
Secretary of State shall submit to the appropriate congressional 
committees a report that includes assessments of--
            (1) progress towards the achievement of each of the 
        objectives set forth in subsection (b); and
            (2) legislative proposals that would further the objectives 
        set forth in subsection (b).
    (d) Diplomatic and Political Support.--The Secretary of State, in 
coordination with the heads of other relevant Federal departments and 
agencies, shall seek to provide diplomatic and political support to 
countries that provide or provide support for war risk insurance for 
Ukraine, including by using the diplomatic and political influence and 
expertise of the Department of State to build the capacity of such 
countries.
    (e) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Foreign Affairs of the House of 
        Representatives; and
            (2) the Committee on Foreign Relations of the Senate.

SEC. 107. CODIFICATION OF A SPECIAL COORDINATOR FOR UKRAINIAN 
              RECONSTRUCTION.

    (a) In General.--There is established within the Department of 
State a Special Coordinator for Ukrainian Reconstruction.
    (b) Selection.--The Special Coordinator shall be chosen by the 
Secretary of State and shall report directly to the Secretary.
    (c) Qualifications.--The Special Coordinator shall be an individual 
with--
            (1) private sector experience; and
            (2) knowledge of Ukraine and foreign policy pertaining 
        thereto.
    (d) Duties.--The Special Coordinator shall assist in--
            (1) harnessing the tools of different agencies of the 
        United States Government to promote the reconstruction of 
        Ukraine;
            (2) coordinate cooperation amongst different agencies and 
        bureaus of the United States Government to aid the recovery of 
        Ukraine following its war to protect its sovereignty; and
            (3) work with the United States Development Finance 
        Corporation to mobilize private capital for the reconstruction 
        of Ukraine.

SEC. 108. SUPPORT FOR RADIO FREE EUROPE.

    (a) Sense of Congress.--It is the sense of Congress that--
            (1) Radio Free Europe/Radio Liberty shall be immediately 
        restored to its full capacity and operational position prior to 
        Executive order attempting to shutter the agency;
            (2) Radio Free Europe provides reliable, uncensored, and 
        accessible news and reporting in Ukraine and other countries 
        where media freedom is restricted;
            (3) Radio Free Europe/Radio Liberty is one of the most 
        critical sources of unrestricted, independent news and 
        reporting for audiences on the periphery of the Russian 
        Federation;
            (4) the Government of the Russian Federation has engaged in 
        systematic targeting of Radio Free Europe/Radio Liberty 
        reporters inside the Russian Federation, which has negatively 
        impacted the organization's ability to provide timely, 
        reliable, and accurate news from inside the country; and
            (5) despite pressure from the Government of the Russian 
        Federation, Radio Free Europe/Radio Liberty's audience 
        continues to grow inside the Russian Federation and surrounding 
        countries.
    (b) Authorization of Appropriations.--There is authorized to be 
appropriated $250,000,000 for Radio Free Europe/Radio Liberty for 
fiscal year 2026.
    (c) Authorization of New Bureaus.--Radio Free Europe/Radio Liberty 
may explore opening new bureaus to help expand its ability to reach 
audiences on the periphery of the Russian Federation.
    (d) Initiatives To Bolster Radio Free Europe/Radio Liberty Bureaus 
Around Russian Federation's Periphery.--To help expand its reach to 
Russian-speaking audiences and increase its reach to audiences through 
digital media, Radio Free Europe/Radio Liberty should--
            (1) evaluate where Russian disinformation is most deeply 
        pervasive in the Eurasia region;
            (2) develop strategies to better communicate with 
        predominately Russian-speaking regions;
            (3) build on efforts to increase capacity and programming 
        to counter disinformation in real time;
            (4) expand Russian language investigative journalism;
            (5) improve the technical capacity of the Ukraine bureau; 
        and
            (6) continue efforts to increase digital news services.
    (e) Report Required.--Not later than 90 days after the date of the 
enactment of this Act, the President shall submit to the appropriate 
congressional committees a report that includes--
            (1) recommendations of locations to open new bureaus to 
        help reach new audiences in the broader Eurasia region;
            (2) an assessment of current staffing and anticipated 
        staffing needs in order to effectively reach audiences in the 
        broader Eurasia region; and
            (3) an assessment of the impact of the Government of the 
        Russian Federation closing down Radio Free Europe/Radio Liberty 
        within the Russian Federation.
    (f) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Foreign Affairs and the Committee on 
        Appropriations of the House of Representatives; and
            (2) the Committee on Foreign Relations and the Committee on 
        Appropriations of the Senate.

SEC. 109. AUTHORIZING PROGRAMS TO COUNTER AND COMBAT RUSSIAN 
              DISINFORMATION ACTIVITIES.

    (a) Countering Russian Influence Fund.--The Secretary of State 
should use funds available for obligation in the Countering Russian 
Influence Fund--
            (1) to prioritize assisting Ukraine to detect and combat 
        disinformation from the Russian Federation and its proxies; and
            (2) to assist the Government of Ukraine in developing new 
        defense strategies and technologies.
    (b) Strategy Required.--
            (1) In general.--Not later than 60 days after the date of 
        the enactment of this Act, the Secretary of State shall submit 
        to the Committee on Foreign Affairs of the House of 
        Representatives and the Committee on Foreign Relations of the 
        Senate a plan for countering and combating disinformation by 
        the Russian Federation and supporting free and independent 
        media in Ukraine that includes--
                    (A) a plan to assist the Government of Ukraine in 
                combating and responding to malign influence operations 
                of the Russian Federation aimed at inflaming tensions 
                and dividing Ukrainian society;
                    (B) an assessment of effective efforts and programs 
                to improve media literacy in Ukraine and 
                recommendations for how the United States can assist in 
                supporting and expanding those programs;
                    (C) a plan to assist the Government of Ukraine 
                improve efforts to detect and remove content 
                originating from Russian troll farms, bots, and other 
                sources aimed at sowing division and disseminating 
                disinformation in Ukraine or targeting Ukrainian 
                audiences;
                    (D) recommendations to increase support for 
                independent media outlets, including Radio Free Europe/
                Radio Liberty; and
                    (E) recommendations to increase support for 
                independent media outlets catering to Russian-speaking 
                populations residing in Russian-occupied Crimea, the 
                Donbas region of Ukraine, and throughout Ukraine.
            (2) Form.--The strategy required by paragraph (1) shall be 
        submitted in unclassified form, but may include a classified 
        annex if necessary.

SEC. 110. ESTABLISHMENT OF UKRAINE RECONSTRUCTION TRUST FUND.

    (a) In General.--Subchapter A of chapter 98 of the Internal Revenue 
Code of 1986 is amended by adding at the end the following new section:

``SEC. 9512. UKRAINE RECONSTRUCTION TRUST FUND.

    ``(a) Creation of Trust Fund.--There is established in the Treasury 
of the United States a trust fund to be known as the `Ukraine 
Reconstruction Trust Fund', consisting of such amounts as may be 
appropriated to such fund as provided in this section.
    ``(b) Transfers to Trust Fund.--There are hereby appropriated to 
the Ukraine Reconstruction Trust Fund amounts equivalent to the net 
revenues received in the Treasury from the taxes imposed under section 
892A.
    ``(c) Expenditures From Trust Fund.--Amounts in the Ukraine 
Reconstruction Trust Fund shall be available, as provided in 
appropriations Acts, only to the Secretary of State for purposes of--
            ``(1) reconstruction and rebuilding efforts in Ukraine,
            ``(2) humanitarian assistance to the people of Ukraine,
            ``(3) fostering long-term economic growth and private 
        sector development in Ukraine, and
            ``(4) bolstering transparent and accountable governance of 
        the Ukrainian economy.
    ``(d) Trust Fund Not Interest-Bearing.--Section 9602(b) shall not 
apply to the Ukraine Reconstruction Trust Fund.
    ``(e) Requirements Under Foreign Assistance Act of 1961.--Any 
assistance made available from amounts in the Ukraine Reconstruction 
Trust Fund shall be subject to all applicable requirements for the 
provision of such assistance for the same or similar purpose authorized 
by the Foreign Assistance Act of 1961 (22 U.S.C. 2151 et seq.), 
including requirements under such Act relating to administrative 
authorities, congressional notifications, and reporting.''.
    (b) Clerical Amendment.--The table of sections for subchapter A of 
chapter 98 of such Code is amended by adding at the end the following 
new item:

``Sec. 9512. Ukraine Reconstruction Trust Fund.''.
    (c) Report.--
            (1) In general.--Not later than 1 year after the date of 
        the enactment of this Act, and annually thereafter for 3 years, 
        the Secretary of State shall submit to the appropriate 
        congressional committees a report detailing the use of any 
        funds made available from the Ukrainian Reconstruction Trust 
        Fund.
            (2) Appropriate congressional committees defined.--In this 
        subsection, the term ``appropriate congressional committees'' 
        means--
                    (A) the Committee on Foreign Affairs, the Committee 
                on Ways and Means, and the Committee on Appropriations 
                of the House of Representatives; and
                    (B) the Committee on Foreign Relations, the 
                Committee on Finance, and the Committee on 
                Appropriations of the Senate.

SEC. 111. UNITED STATES-EUROPEAN NUCLEAR ENERGY COOPERATION.

    (a) Findings.--Congress finds the following:
            (1) On February 24, 2022, the Russian Federation initiated 
        a full-scale invasion of Ukraine which has severely threatened 
        energy security in the United States, Europe, and around the 
        world.
            (2) The security of Ukraine's energy grid has been vital to 
        Ukraine's success in its defense of its territory and ensuring 
        the Ukrainian government can effectively provide goods and 
        services to Ukrainian citizens.
            (3) Ukraine has operated four nuclear power plants with 15 
        reactors, primarily Russian-designed water-water energetic 
        reactor (VVER) reactors.
            (4) Russia, in its war of aggression against Ukraine, has 
        systematically targeted Ukraine's energy infrastructure through 
        heavy shelling and targeted attacks, particularly in the winter 
        months when innocent Ukrainian civilians are most vulnerable.
            (5) Since March 2022, Russian forces have illegally 
        occupied the Zaporizhzhia Nuclear Power Station, the largest 
        nuclear power plant in Europe, and Russian forces have 
        surrounded the station with landmines, further threatening 
        regional security.
            (6) Russian-designed VVER reactors have been built across 
        Europe, including in Belarus, Bulgaria, the Czech Republic, 
        Finland, Germany, Hungary, Slovakia, Turkey, and Ukraine.
            (7) Russia uses its nuclear power plant designs and fuel 
        services to spread malign influence and threaten United States 
        and European energy security.
            (8) As of 2021, Russia owned about 20 percent of the total 
        uranium conversion infrastructure worldwide and in 2020, had 
        the largest uranium enrichment capacity at close to 46 percent.
    (b) Sense of Congress.--It is the sense of Congress that--
            (1) in countries seeking or developing a nuclear power 
        industry, the Department of State should prioritize the 
        utilization of products and services from the United States, 
        and then prioritize products and services from Europe and other 
        allied or partner countries, including Canada, Japan, the 
        United Kingdom, and the Republic of Korea when not directly 
        competing with the United States;
            (2) the United States and its allies must focus on 
        cooperation, including capacity building and early-stage 
        project support, to expand the nuclear industry in Europe in a 
        way that maintains nonproliferation, security, and safety 
        standards and aligns with international obligations and 
        treaties while combating Russian and Chinese malign influence; 
        and
            (3) the United States should continue to pursue the 
        Foundational Infrastructure for Responsible Use of Small 
        Modular Reactor Technology program as a means of helping 
        partner countries meet their clean energy needs with scalable, 
        flexible, secure, and safe nuclear power programs.
    (c) Strategy Required.--The Secretary of State, in consultation 
with the Secretary of Energy and the heads of other relevant Federal 
departments and agencies, shall develop a strategy to strengthen United 
States-European nuclear energy cooperation and combat Russian malign 
influence in the nuclear energy sector in Europe.
    (d) Elements.--The strategy required by subsection (c) shall 
include, at a minimum, the following elements:
            (1) An overview and assessment of the Secretary of State's 
        efforts to broaden participation by United States nuclear 
        industry entities in Europe and promote the accessibility and 
        competitiveness of United States, European, and partner 
        technologies and services against Russian and Chinese 
        technologies in Europe.
            (2) An overview of different nuclear reactor types that are 
        currently deployed or under regulatory review in Europe, 
        including large light-water reactors, small modular light-water 
        reactors, and non-light-water reactors, and--
                    (A) what role, if any, each reactor type could have 
                in reducing Russia's influence over European energy 
                supply by 2030, 2035, 2040, 2045, and 2050;
                    (B) challenges that each reactor type may face with 
                rapid deployment, including costs, market barriers to 
                first-of-a-kind designs, supply chain constraints, and 
                regulatory requirements;
                    (C) the impacts of each reactor type on maintaining 
                strong nonproliferation standards, including the 
                minimization of weapons-usable nuclear material; and
                    (D) opportunities for the use of United States, 
                European, and partner technologies and services in the 
                deployment or potential deployment of each reactor 
                type.
            (3) An overview of different fuel cycles that are currently 
        deployed or under consideration in Europe, including use of low 
        enriched uranium, including high assay low enriched uranium, 
        and spent fuel reprocessing, along with an analysis of the 
        implications of each fuel cycle on--
                    (A) reducing and eliminating Russia's market share 
                in Europe for uranium, conversion, enrichment, and 
                reactor fuel between now and 2030;
                    (B) achieving long-term energy security free of 
                Russian influence; and
                    (C) maintaining strong nonproliferation standards, 
                including the minimization of weapons-usable material 
                as well as high nuclear safety and security standards.
            (4) An overview of nuclear reactor designs and fuel cycle 
        infrastructure that the United States Government is currently 
        funding the development of, and--
                    (A) the potential, if any, that each of these 
                technologies have to decrease or eliminate Russia's 
                market share in the United States and Europe for 
                nuclear power reactors, uranium mining and milling, 
                conversion, enrichment, fuel fabrication, deconversion, 
                and spent nuclear fuel reprocessing in the short-, 
                medium-, and long-term;
                    (B) the impact of these technologies on the 
                minimization of weapons-usable nuclear material, 
                including the use of highly enriched uranium or 
                plutonium fuels; and
                    (C) an assessment of the use cases for each of 
                these designs and fuel cycles.
            (5) An overview of the United States Government's 
        diplomatic engagements regarding the nuclear energy sector in 
        Europe.
            (6) A list of countries in Europe with active nuclear power 
        programs, and--
                    (A) an analysis of each country's nuclear energy 
                policy;
                    (B) an overview of existing areas of cooperation 
                with regards to nuclear energy between each country 
                and--
                            (i) the United States;
                            (ii) other European and friendly countries; 
                        and
                            (iii) adversarial countries including China 
                        and Russia;
                    (C) an overview of potential areas for future 
                cooperation between each country and the United States 
                with regards to nuclear energy; and
                    (D) a summary of fuel types used in each country's 
                nuclear power programs.
            (7) An overview of Russian and Chinese influence in the 
        European nuclear energy sector.
            (8) An overview of how the United States Government is 
        working with allies and partners to counter Russian malign 
        influence within the European energy sector to include steps 
        taken to counter Russian influence in the mining and milling, 
        conversion, enrichment, and fuel fabrication processes as well 
        as in reactor construction.
            (9) An overview of how the United States Government 
        balances the urgent strategic need for collaboration with 
        allies and partners on countering Russia's influence on nuclear 
        energy in Europe, with commercial competitiveness issues that 
        may arise between United States companies and companies in 
        Europe, Canada, Japan, and the Republic of Korea.
            (10) An assessment of Rosatom's role in Russia's energy 
        sector, to include an overview of strengths and vulnerabilities 
        of the conglomerate.
    (e) Submission.--Not later than 120 days after the date of the 
enactment of this Act, the Secretary of State shall submit to the 
appropriate congressional committees the strategy required by 
subsection (c).
    (f) Form.--The strategy required by subsection (c) shall be 
submitted in unclassified form, but may contain a classified annex, so 
long as such annex is provided separately from the unclassified 
strategy.
    (g) Authorization of Appropriations.--There is authorized to be 
appropriated $30,000,000 for each of fiscal years 2025 through 2029 to 
support critically needed engagement in Europe consistent with the 
strategy required by subsection (c) on countering Russian malign 
influence and with a particular focus on responsible nuclear power 
program capacity building, early stage nuclear power project support, 
and countering Russian disinformation campaigns.
    (h) Definitions.--In this section:
            (1) Appropriate congressional committees.--The term 
        ``appropriate congressional committees'' means--
                    (A) the Committee on Foreign Affairs of the House 
                of Representatives;
                    (B) the Committee on Foreign Relations of the 
                Senate;
                    (C) the Committee on Energy and Commerce of the 
                House of the Representatives; and
                    (D) the Committee on Energy and Natural Resources 
                of the Senate.
            (2) High assay low enriched uranium.--The term ``high assay 
        low enriched uranium'' means uranium enriched so that the 
        concentration of the fissile isotope uranium-235 (U-235) is 
        between 5 percent and 20 percent of the mass of uranium.
            (3) Low enriched uranium.--The term ``low enriched 
        uranium'' means fuel in which the weight percent of U-235 in 
        the uranium is less than 20 percent.

                     TITLE II--SECURITY ASSISTANCE

SEC. 201. LEND-LEASE AUTHORITY.

    Section 2 of the Ukraine Democracy Defense Lend-Lease Act of 2022 
(Public Law 117-118; 136 Stat. 1184) is amended--
            (1) in subsection (a)(1), by striking ``fiscal years 2022 
        and 2023'' and inserting ``fiscal years 2022 through 2028'';
            (2) by redesignating subsection (c) as subsection (d); and
            (3) by inserting after subsection (b) the following new 
        subsection:
    ``(c) Report.--Not later than 90 days after any use of the 
authority provided by subsection (a), the Secretary of State, in 
consultation with the Secretary of Defense, shall submit to Congress a 
report that includes--
            ``(1) a description of the defense articles loaned or 
        leased to the Government of Ukraine, or to the government of an 
        Eastern European country impacted by the Russian Federation's 
        invasion of Ukraine, under such authority; and
            ``(2) a strategy and timeline for recovery and return of 
        such defense articles.''.

SEC. 202. DIRECT LOANS AND FOREIGN MILITARY FINANCING.

    (a) Direct Loans.--
            (1) In general.--Through fiscal year 2026, direct loans 
        under section 23 of the Arms Export Control Act may be made 
        available for Ukraine and North Atlantic Treaty Organization 
        allies, notwithstanding section 23(c)(1) of the Arms Export 
        Control Act, gross obligations for the principal amounts of 
        which shall not exceed $8,000,000,000.
            (2) Other unobligated balances.--The unobligated balances 
        of amounts made available by any Act making appropriations for 
        the Department of State, foreign operations, and related 
        programs, under the heading ``International Security 
        Assistance--Funds Appropriated to the President--Foreign 
        Military Financing'' shall also be made available for the cost 
        of loans and loan guarantees as authorized by this section.
    (b) Terms and Conditions.--The terms and conditions described in 
section 2606 of the Ukraine Supplemental Appropriations Act of 2022 
(division N of Public Law 117-103) shall apply to amounts made 
available by this section in the same manner and to the same extent as 
amounts made available by such section except that subsection (b) of 
such section shall be applied by striking ``$4,000,000,000'' and 
inserting ``$8,000,000,000''.
    (c) Emergency Designation.--Amounts repurposed pursuant to this 
section that were previously designated by the Congress as an emergency 
requirement pursuant to a concurrent resolution on the budget or the 
Balanced Budget and Emergency Deficit Control Act of 1985, are 
designated by the Congress as being for an emergency requirement 
pursuant to section 251(b)(2)(A)(i) of the Balanced Budget and 
Emergency Deficit Control Act of 1985: Provided, That such amounts 
shall be available only if the President designates such amounts as an 
emergency requirement pursuant to section 251(b)(2)(A)(i).

SEC. 203. SUPPORT FOR BALTIC COUNTRIES.

    (a) Assistance Authorized.--The Secretary of State shall carry out 
programs, projects, and activities to build the capacity of the 
national militaries and border guard forces of Baltic countries, 
pursuant to the 2024 Bilateral Defense Cooperation Roadmaps for 2024-
2028, which provide for the promotion of ``defense cooperation in 
integrated air and missile defense, maritime domain awareness, cyber, 
irregular warfare, participation in international military operations 
and exercises, infrastructure development, and training''.
    (b) Authorization of Appropriations.--There is authorized to be 
appropriated to the Secretary of State, for each of the fiscal years 
2026, 2027, and 2028, in addition to amounts already authorized to be 
appropriated for such purposes to carry out the assistance described in 
subsection (a)--
            (1) $30,000,000 for Foreign Military Financing grants 
        authorized under section 23 of the Arms Export Control Act (22 
        U.S.C. 2763) for each Baltic country; and
            (2) $4,000,000 for Nonproliferation, Anti-terrorism, 
        Demining, and Related programs, including as authorized under 
        the Foreign Assistance Act (22 U.S.C. 2151 et seq.) for each 
        Baltic country.
    (c) Briefing.--Not later than 120 days after the date of the 
enactment of this Act, the Secretary of State shall brief the Committee 
on Foreign Relations of the Senate and the Committee on Foreign Affairs 
of the House of Representatives regarding--
            (1) the most pressing security needs of Baltic countries;
            (2) a plan for the disbursement of funds so obligated; and
            (3) an analysis of European and other allied country 
        support for Baltic countries.

SEC. 204. EXTENSION OF UKRAINE SECURITY ASSISTANCE INITIATIVE.

    Section 1250 of the National Defense Authorization Act for Fiscal 
Year 2016 (Public Law 114-92; 129 Stat. 1068) is amended--
            (1) in subsection (f), by adding at the end the following:
            ``(11) For fiscal year 2026, $300,000,000.
            ``(12) For fiscal year 2027, $300,000,000.''; and
            (2) in subsection (h), by striking ``December 31, 2026'' 
        and inserting ``December 31, 2027''.

SEC. 205. REPORT ON ALLIED AND PARTNER MILITARY CONTRIBUTIONS.

    (a) In General.--Not later than 90 days after the date of enactment 
of this Act, and every 90 days thereafter, the Secretary of State, in 
consultation with the Secretary of Defense, shall submit to the 
Committee on Foreign Relations of the Senate and the Committee on 
Foreign Affairs of the House of Representatives a report including--
            (1) a detailed description of all military contributions 
        made or planned by allied and partner countries, disaggregated 
        by country, including details of types and quantities of 
        platforms and systems provided;
            (2) a description and analysis of military capabilities 
        identified as current Ukrainian operational needs; and
            (3) a description of United States efforts to meet 
        identified Ukrainian operational needs through transfers of 
        United States arms and military equipment or through support 
        and facilitation of allied and partner transfer of arms and 
        military equipment.
    (b) Form.--The report required under subsection (a) shall be 
submitted in unclassified form but may contain a classified annex that 
is submitted separately from the unclassified portion.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Foreign Affairs and the Permanent 
        Select Committee on Intelligence of the House of 
        Representatives; and
            (2) the Committee on Foreign Relations and the Select 
        Committee on Intelligence of the Senate.

SEC. 206. REPORT ON UNITED STATES-UKRAINE INTELLIGENCE SUPPORT AND 
              COOPERATION.

    (a) In General.--Not later than 120 days after the date of 
enactment of this Act, and every 90 days thereafter, the Director of 
National Intelligence, in coordination with the Secretary of State and 
Secretary of Defense, shall submit to the appropriate congressional 
committees, a report including--
            (1) a detailed description of current United States 
        intelligence support and cooperation to and with Ukrainian 
        military and intelligence services;
            (2) a description and analysis of the consequences of 
        ceasing such intelligence support and cooperation to Ukraine, 
        including as related to targeting, battlefield effectiveness, 
        early warning capabilities, counterintelligence, and 
        cybersecurity; and
            (3) a description of United States efforts and initiatives 
        currently underway or planned to increase Ukrainian 
        intelligence, counterintelligence, and cybersecurity 
        capabilities.
    (b) Form.--The report required under subsection (a) shall be 
submitted in classified form.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Foreign Affairs and the Permanent 
        Select Committee on Intelligence of the House of 
        Representatives; and
            (2) the Committee on Foreign Relations and the Select 
        Committee on Intelligence of the Senate.

                TITLE III--SANCTIONS AND EXPORT CONTROLS

SEC. 301. SANCTIONS TRIGGER DETERMINATION.

    Not later than 15 days after the date of enactment of this Act, and 
at minimum every 90 days thereafter, the President shall make a 
determination as to whether the Russian Federation or any proxy 
thereof, is engaged in--
            (1) conducting a war of aggression against Ukraine; or
            (2) refusing to sincerely and actually negotiate a peace 
        agreement with Ukraine; or
            (3) acting in violation of a negotiated peace agreement 
        with Ukraine.

SEC. 302. IMPOSITION OF SANCTIONS WITH RESPECT TO RUSSIAN FINANCIAL 
              INSTITUTIONS.

    (a) Imposition of Sanctions.--
            (1) In general.--Upon making an affirmative determination 
        under section 301 and not later than 15 days following such a 
        determination, the President shall impose the sanctions 
        described in section 317 with respect to 3 or more of the 
        following financial institutions:
                    (A) Sberbank.
                    (B) VTB.
                    (C) Gazprombank.
                    (D) VEB.RF.
                    (E) The Russian Direct Investment Fund.
                    (F) Credit Bank of Moscow.
                    (G) Alfa Bank.
                    (H) Rosselkhozbank.
                    (I) FC Bank Otkritie.
                    (J) Promsvyazbank.
                    (K) Sovcombank.
                    (L) Transkapitalbank.
                    (M) The Central Bank of the Russian Federation.
            (2) Subsidiaries and successor entities.--The President may 
        impose the sanctions described in section 310(a)(1) with 
        respect to any subsidiary of, or successor entity to, a 
        financial institution specified in paragraph (1).
    (b) Additional Russian Financial Institutions.--
            (1) List required.--Not later than 30 days after making an 
        affirmative determination under section 301, and every 90 days 
        thereafter, the President shall submit to the appropriate 
        committees of Congress a list of foreign persons that the 
        President determines--
                    (A) are significant financial institutions owned or 
                operated by the Government of the Russian Federation; 
                and
                    (B) should be sanctioned in the interest of United 
                States national security.
            (2) Imposition of sanctions.--Upon the submission of each 
        list required by paragraph (1), the President shall impose the 
        sanctions described in section 310(a)(1) with respect to each 
        foreign person identified on the list.

SEC. 303. IMPOSITIONS OF SANCTIONS WITH RESPECT TO RUSSIAN OIL AND 
              MINING INDUSTRY.

    Upon making an affirmative determination under section 301 and not 
later than 15 days following such a determination, the President shall 
impose the sanctions described in section 317 with respect to all 
Russian companies operating primarily in any of the following sectors:
            (1) Oil and gas extraction, refinement, or production.
            (2) Coal extraction mining, refinement, or production.
            (3) Mineral extraction and processing.

SEC. 304. IMPOSITION OF SANCTIONS ON CERTAIN PERSONS AFFILIATED WITH OR 
              SUPPORTING THE GOVERNMENT OF THE RUSSIAN FEDERATION.

    (a) In General.--Upon making an affirmative determination under 
section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in section 317 with 
respect to all individuals listed under subsection (b) or included in 
the additional lists under subsection (c).
    (b) Officials Specified.--The officials specified in this 
subsection are the following:
            (1) The President of the Russian Federation.
            (2) The Prime Minister of the Russian Federation.
            (3) The Foreign Minister of the Russian Federation.
            (4) The Minister of Defense of the Russian Federation.
            (5) The Minister of Transport of the Russian Federation.
            (6) The Minister of Energy of the Russian Federation.
            (7) The Minister of Finance of the Russian Federation.
            (8) The Minister of Energy and Trade of the Russian 
        Federation.
            (9) The Deputy Minister of Defense of the Russian 
        Federation.
            (10) The Deputy Foreign Minister of the Russian Federation.
            (11) The Deputy Minister of Transport of the Russian 
        Federation.
            (12) The Deputy Energy Minister of the Russian Federation.
            (13) The Deputy Finance Minister of the Russian Federation.
            (14) The Deputy Minister of Industry and Trade of the 
        Russian Federation.
            (15) The Chief of the General Staff of the Armed Forces of 
        the Russian Federation.
            (16) The Commander-in-Chief of the Land Forces of the 
        Russian Federation.
            (17) The Commander-in-Chief of the Aerospace Forces of the 
        Russian Federation.
            (18) The Commander of the Airborne Forces of the Russian 
        Federation.
            (19) The Commander-in-Chief of the Navy of the Russian 
        Federation.
            (20) The Commander of the Strategic Rocket Forces of the 
        Russian Federation.
            (21) The Commander of the Special Operations Forces of the 
        Russian Federation.
            (22) The Commander of Logistical Support of the Armed 
        Forces of the Russian Federation.
    (c) Additional Officials.--
            (1) List required.--Not later than 30 days after making an 
        affirmative determination under section 301 and every 90 days 
        thereafter, the President shall submit to the appropriate 
        committees of Congress a list of foreign persons that the 
        President determines--
                    (A) are--
                            (i) senior officials of any branch of the 
                        Armed Forces of the Russian Federation leading 
                        any of the operations described in section 302; 
                        or
                            (ii) senior officials of the Government of 
                        the Russian Federation, including any 
                        intelligence agencies or security services of 
                        the Russian Federation, with significant roles 
                        in planning or implementing such operations; 
                        and
                    (B) with respect to which sanctions should be 
                imposed in the interest of the national security of the 
                United States.
            (2) Imposition of sanctions.--Upon the submission of each 
        list required by paragraph (1), the President shall impose the 
        sanctions described in section 310 with respect to each foreign 
        person on the list.

SEC. 305. CRIMEA TUNNEL SANCTIONS.

    (a) Findings.--Congress makes the following findings:
            (1) In February and March 2014, the Russian Federation 
        invaded the Crimean peninsula and annexed Crimea, 
        internationally recognized as Ukrainian territory.
            (2) Following its annexation of Crimea, the Russian 
        Federation constructed the Kerch Strait Bridge to connect the 
        Russian mainland with the Crimean peninsula.
            (3) On February 24, 2022, the Government of the Russian 
        Federation, led by Vladimir Putin, launched an unprovoked, 
        full-scale invasion of Ukraine.
            (4) The Russian Federation has used Crimea as an integral 
        part of its full scale invasion of Ukraine, including to house 
        Russian troops, store ammunition and weapons, and host the 
        Black Sea Fleet.
            (5) In October 2023, it was publicly reported that Russian 
        and Chinese business officials met and exchanged emails to 
        discuss building a tunnel from the Russian mainland to 
        illegally occupied Crimea.
    (b) Imposition of Sanctions.--Upon making an affirmative 
determination under section 301 and not later than 15 days following 
such a determination, the President shall impose the sanctions 
described in section 317 with respect to all foreign persons that 
knowingly participate in the construction, maintenance, or repair of a 
tunnel or bridge that connects the Russian mainland with the Crimean 
peninsula.

SEC. 306. ZAPORIZHZHIA NUCLEAR POWER PLANT SANCTIONS.

    (a) In General.--Upon making an affirmative determination under 
section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in section 317 with 
respect to all foreign persons that have endangered the integrity, 
safety, or undermined Ukrainian operational control of the Zaporizhzhia 
Nuclear Power Station located in southeastern Ukraine since the Russian 
Federation launched an unprovoked, full-scale invasion of Ukraine.
    (b) Exception Related to Ukrainian Operational Control.--Sanctions 
under this section shall not apply to any foreign person seeking to 
reestablish Ukrainian operational control of the Zaporizhzhia Nuclear 
Power Station or the surrounding region.

SEC. 307. ROSATOM SANCTIONS.

    (a) In General.--Upon making an affirmative determination under 
section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in section 317 with 
respect to--
            (1) Rosatom;
            (2) Rosatom subsidiaries; and
            (3) a foreign person that knowingly directly or indirectly 
        engages in any significant transaction for nuclear reactor 
        construction and related services with Rosatom.
    (b) Waiver.--The President may waive the application of sanctions 
for a transaction or transactions with a United States person, a 
foreign person, or a foreign financial institution (as the case may be) 
described under this section if--
            (1) the President determines that the transaction relates 
        to activities necessary to the production of medical isotopes 
        or industrial isotopes; and
            (2) the President certifies to the appropriate 
        congressional committees that--
                    (A) domestic medical isotope or industrial isotope 
                production is insufficient to meet United States 
                patient and industry requirements; and
                    (B) the United States is taking measurable steps to 
                establish medical isotope or industrial isotope supply 
                chains that are not reliant on Rosatom or other Russian 
                source material.

SEC. 308. IMPOSITION OF PRICE CAP VESSEL SANCTIONS.

    (a) In General.--Upon making an affirmative determination under 
section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in section 317 with 
respect to any foreign vessel that knowingly transports Russian oil in 
contravention of the Russian oil price cap policy.
    (b) 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.
    (c) Strategy.--Not later than 60 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.
    (d) 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. 309. SWIFT SANCTIONS.

    (a) In General.--Upon making an affirmative determination under 
section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in section 317 with 
respect to any global communication financial service that does not 
cease the provision of financial communication messaging services to 
any financial institution listed under section 302 of this Act.
    (b) Enabling or Facilitation of Access to Specialized Financial 
Messaging Services Through Intermediary Financial Institutions.--For 
purposes of this section, enabling or facilitating direct or indirect 
access to specialized financial messaging services includes doing so by 
serving as an intermediary financial institution with access to such 
messaging services.

SEC. 310. RUSSIAN SOVEREIGN DEBT SANCTIONS.

    Upon making an affirmative determination under section 302 and not 
later than 30 days following such a determination, the President shall 
prohibit all transactions by United States persons involving the 
sovereign debt of the Government of the Russian Federation issued on or 
after the date of the enactment of this Act, including governmental 
bonds.

SEC. 311. IMPOSITION OF SANCTIONS ON RUSSIA-NORTH KOREA COOPERATION.

    (a) In General.--Upon making an affirmative determination under 
section 301 and not later than 15 days following such a determination, 
the President shall impose the sanctions described in section 317 with 
respect to the following:
            (1) Any foreign person that is responsible for or 
        facilitates the transfer or sale of arms or material support 
        from North Korea to be used in Russia's illegal war in Ukraine.
            (2) Any foreign person that knowingly, directly or 
        indirectly, imports, exports, or reexports to, into, or from 
        North Korea any goods services or technology for weapons that 
        may be used by Russian forces or their proxies in Russia's 
        illegal war in Ukraine.
            (3) Any foreign financial institution that knowingly 
        facilitates a significant transaction or provides significant 
        financial services for a foreign person described in paragraph 
        (1) or (2).
            (4) Any foreign person that engages in a significant 
        transaction related to the transfer or sale of arms or material 
        support with a foreign person described in paragraph (1) or (2) 
        or foreign financial institution described in paragraph (3).
            (5) Any foreign person assisting in the logistical supply 
        and movement of North Korean personnel, arms or material 
        support to be used in Russia's illegal war in Ukraine.
    (b) Report.--Not later than 90 days after the date of the enactment 
of this Act, and every 180 days thereafter, the President shall submit 
to the appropriate congressional committees a report that describes 
significant activities by the Democratic People's Republic of Korea to 
support the Russian Federation and its proxies in Russia's illegal war 
in Ukraine.
    (c) Matters To Be Included.--The report required by this section 
shall include the following:
            (1) The number of North Korean troops that have been sent 
        to fight Ukraine, casualties inflicted on these troops, and the 
        impact on the battlefield of having North Korean military 
        personnel on the frontlines.
            (2) The identity and nationality of foreign persons and 
        foreign financial institutions that are subject to sanctions 
        under section 317.
            (3) A description of the conduct engaged in by such persons 
        and institutions.
            (4) An assessment of the extent to which a foreign 
        government has provided material support to the Government of 
        North Korea or any person acting for or on behalf of that 
        government to conduct significant activities to materially 
        support Russia's illegal war in Ukraine.
            (5) A United States strategy to counter North Korea's 
        efforts to conduct significant activities to support Russia's 
        war in Ukraine, that includes efforts to engage foreign 
        governments to halt the capability of the Government of North 
        Korea and persons acting for or on behalf of that government to 
        conduct significant activities supporting Russia's illegal war 
        in Ukraine.
    (d) Form.--The report required by this section shall be submitted 
in unclassified form, but may include a classified annex.

SEC. 312. SANCTIONS FOR KIDNAPPING UKRAINIAN CHILDREN.

    Upon making an affirmative determination under section 301 and not 
later than 15 days following such a determination, the President shall 
impose the sanctions described in section 317 with respect to all 
foreign persons that have directed or in anyway participated in the 
kidnapping and wrongful patriation of Ukrainian children.

SEC. 313. IMPOSITION OF DUAL-USE EXPORT CONTROLS.

    (a) In General.--Upon making an affirmative determination under 
section 301, a foreign-produced item shall be subject to the Export 
Administration Regulations (pursuant to the Export Control Reform Act 
of 2018 (50 U.S.C. 4801 et seq.)) if the item--
            (1) meets--
                    (A) the product scope requirements described in 
                subsection (b); and
                    (B) the destination scope requirements described in 
                subsection (c); and
            (2) is exported, reexported, or in-country transferred to 
        the Russia Federation from abroad or involves the Government of 
        the Russian Federation.
    (b) Product Scope Requirements.--A foreign-produced item meets the 
product scope requirements of this subsection if the item--
            (1) is a direct product of United States-origin technology 
        or software subject to the Export Administration Regulations 
        that is specified in a covered Export Control Classification 
        Number; or
            (2) is produced by any plant or major component of a plant 
        that is located outside the United States, if the plant or 
        major component of a plant, whether made in the United States 
        or a foreign country, itself is a direct product of United 
        States-origin technology or software subject to the Export 
        Administration Regulations that is specified in a covered 
        Export Control Classification Number.
    (c) Destination Scope Requirements.--A foreign-produced item meets 
the destination scope requirements of this subsection if there is 
knowledge that the foreign-produced item is destined to the Russian 
Federation or will be incorporated into or used in the production or 
development of any part, component, or equipment subject to the Export 
Administration Regulations and produced in or destined to the Russian 
Federation.
    (d) Licensing Policy.--In carrying out this section, the Secretary 
of Commerce shall apply a presumption that an export, reexport, 
release, or in-country transfer of items meets the product scope 
requirements set forth in subsection (b) and the destination scope 
requirements set forth in subsection (c).
    (e) Exceptions.--The license requirements set forth in this section 
shall not apply to--
            (1) food, medicine, or medical devices that are--
                    (A) designated as EAR99; or
                    (B) not designated under or listed on the Commerce 
                Control List; or
            (2) services, software, or hardware (other than services, 
        software, or hardware for end-users owned or controlled by the 
        Government of Iran) that are--
                    (A) necessarily and ordinarily incident to 
                communications; or
                    (B) designated as--
                            (i) EAR99; or
                            (ii) Export Control Classification Number 
                        5A992.c or 5D992.c, and classified in 
                        accordance with section 740.17 of title 15, 
                        Code of Federal Regulations; and
                    (C) subject to a general license issued by the 
                Department of Commerce or Department of Treasury.
    (f) Department of Commerce Strategy.--
            (1) Strategy required.--Not later than 60 days after the 
        date of the enactment of this Act, the Secretary of Commerce 
        (in consultation with the Secretary of State, the Secretary of 
        Defense, and the Director of National Intelligence) shall 
        develop a strategy to prevent the illegal export to Iran by 
        United States persons regarding technologies used or that may 
        be used in the design, development, production, or operational 
        employment of unmanned aircraft systems by Iran, including the 
        following microelectronics:
                    (A) Microcontrollers.
                    (B) Voltage regulators.
                    (C) Digital signal controllers.
                    (D) GPS modules.
                    (E) Microprocessors.
            (2) Elements.--The strategy under paragraph (1) shall 
        include, at a minimum, the following elements:
                    (A) A process for the Secretary of Commerce (in 
                coordination with the Secretaries and heads specified 
                in paragraph (1)) to proactively identify--
                            (i) current and emerging technologies used 
                        or that may be used by Iran in the design, 
                        development, production, or operational 
                        employment of unmanned aircraft systems 
                        (including critical components thereof);
                            (ii) United States manufacturers of such 
                        technologies; and
                            (iii) foreign manufacturers and 
                        proliferators of such technologies.
                    (B) A process for the Secretary of Commerce (in 
                coordination with the Secretaries and heads specified 
                in paragraph (1)) to proactively identify third-party 
                distributors and resellers of the technologies 
                specified in subparagraph (A)(i) that, through the use 
                of intermediaries with no or nominal operations or 
                assets, or through other mechanisms, contrive to 
                circumvent export controls for such items with respect 
                to Iran.
                    (C) A methodology for the Secretary of Commerce to 
                proactively engage the United States manufacturers 
                identified pursuant to the process under subparagraph 
                (A)(ii), to provide such manufacturers with timely 
                updates to the list of third-party distributors and 
                resellers identified pursuant to the process under 
                subparagraph (B).
            (3) Submission.--Not later than 60 days after the date of 
        the enactment of this Act, the Secretary of Commerce shall 
        submit to the appropriate congressional committees the strategy 
        under paragraph (1).
            (4) Form.--The report required by subsection (a)(1) shall 
        be submitted in unclassified form, but portions of the report 
        described in paragraphs (1) and (2) may contain a classified 
        annex, so long as such annex is provided separately from the 
        unclassified report.
    (g) Department of State Strategy.--
            (1) Strategy required.--The Secretary of State (in 
        coordination with the Secretary of Commerce, the Secretary of 
        Defense, and the Director of National Intelligence) shall 
        develop a strategy to prevent the export to Iran of 
        technologies from the United States and allied and partner 
        countries which are used, or may be used, by Iran in the 
        design, development, production, or operational employment of 
        unmanned aircraft systems (including the microelectronics 
        listed in subparagraphs (A) through (F) of subsection (a)(1)).
            (2) Elements.--The strategy under paragraph (1) shall 
        include, at a minimum, the following elements:
                    (A) A process for the Secretary of State (in 
                consultation with the relevant Secretaries and heads 
                specified in paragraph (1)) to proactively identify 
                foreign manufacturers of the technologies referred to 
                in such paragraph.
                    (B) A process for the Secretary of State to engage 
                with any ally or partner of the United States regarding 
                technologies which have been incorporated into an 
                unmanned aircraft system produced by Iran, for the 
                purpose of synchronizing the export control regime of 
                such ally or partner with the United States export 
                controls developed by the Secretary of Commerce 
                pursuant to the strategy under subsection (a) with 
                respect to such technology.
            (3) Submission.--Not later than 90 days after the date of 
        the enactment of this Act, the Secretary of State shall submit 
        to the appropriate congressional committees the strategy under 
        paragraph (1).
            (4) Form.--The report required by subsection (b)(1) shall 
        be submitted in unclassified form, but portions of the report 
        described in paragraphs (1) and (2) may contain a classified 
        annex, so long as such annex is provided separately from the 
        unclassified report.
    (h) Requirement for Secretary of Defense To Develop Range of 
Options.--
            (1) In general.--Not later than 30 days after the date of 
        the enactment of this Act, the Secretary of Defense (in 
        coordination with the Secretary of State and the Director of 
        National Intelligence) shall develop a range of options that 
        may be employed by the Armed Forces of the United States to 
        counter or otherwise deny Iran the ability to acquire 
        technologies used, or that may be used, in the design, 
        development, production, or operational employment of unmanned 
        aircraft systems by Iran, including the following technologies:
                    (A) Microcontrollers.
                    (B) Voltage regulators.
                    (C) Digital signal controllers.
                    (D) GPS modules.
                    (E) Microprocessors.
                    (F) Computer Aided Design (CAD) software.
                    (G) Computer numerical control machines.
            (2) Briefing.--Not later than 45 days after the date of the 
        enactment of this Act, the Secretary of Defense shall provide 
        to the appropriate congressional committees a briefing on the 
        options developed under paragraph (1).

SEC. 314. DUTIES ON THE RUSSIAN FEDERATION.

    (a) In General.--Not later than 15 days after making an affirmative 
determination under section 301, the President shall, notwithstanding 
any other provision of law, increase the rate of duty for all goods and 
services imported into the United States from the Russian Federation to 
a rate of not less 500 percent ad valorem.
    (b) Report.--Not later than 60 days after making an affirmative 
determination under section 301, the President shall submit to the 
Committee on Ways and Means of the House of Representatives and the 
Committee on Finance of the Senate, a report indicating the impact of 
these ad valorem tariffs on exports to the United States.

SEC. 315. ENDING RUSSIAN OIL IMPORT LOOPHOLE.

    (a) In General.--The Ending Importation of Russian Oil Act (Public 
Law 117-109; 136 Stat. 1154) is amended--
            (1) by redesignating section 3 as section 4; and
            (2) by inserting after section 2 the following:

``SEC. 3. PROHIBITION ON IMPORTATION OF ENERGY PRODUCTS PRODUCED AT 
              REFINERIES OUTSIDE THE RUSSIAN FEDERATION.

    ``All products classified under chapter 27 of the Harmonized Tariff 
Schedule that were produced at any refinery that uses crude oil 
originating in the Russian Federation shall be banned from importation 
into the United States.''.
    (b) Conforming Amendments.--Section 4 of the Ending Importation of 
Russian Oil Act (Public Law 117-109; 136 Stat. 1154), as redesignated 
by subsection (a)(1), is amended--
            (1) in subsection (a), by inserting ``or 3'' after 
        ``section 2''; and
            (2) in subsection (c)(1), by inserting ``or 3'' after 
        ``section 2''.

SEC. 316. TAXING CAPITAL GAINS ON RUSSIAN SOVEREIGN ASSETS.

    (a) In General.--Not later than 15 days after making an affirmative 
determination under section 301, notwithstanding any other provision of 
law, there is hereby imposed for each taxable year on the disqualified 
income of any specified foreign government a tax equal to 100 percent 
thereof.
    (b) Withholding.--
            (1) In general.--Notwithstanding section 203 of the 
        International Emergency Economic Powers Act (or any other 
        provision of law), any person having control, receipt, custody, 
        disposal, or payment of disqualified income with respect to 
        which tax is imposed under subsection (a) shall deduct and 
        withhold from such income a tax equal to 100 percent thereof.
            (2) Application of certain rules.--For purposes of 
        subchapter B of chapter 3, section 33, and such other 
        provisions as the Secretary may provide, paragraph (1) shall be 
        treated as part of subchapter A of chapter 3.
    (c) Definitions.--For purposes of this section:
            (1) Disqualified income.--The term ``disqualified income'' 
        means any interest or dividends payable with respect to assets 
        which are blocked using the authorities provided by section 203 
        of the International Emergency Economic Powers Act.
            (2) Specified foreign government.--The term ``specified 
        foreign government'' means the foreign governments (within the 
        meaning of section 892 of the Internal Revenue Code of 1986 and 
        the regulations issued thereunder) of Russia and Belarus.
    (d) Override of Treaty Obligations.--Notwithstanding any other 
provision of law, this section (and the amendments made by this 
section) shall apply without regard to any treaty obligation of the 
United States.
    (e) Effective Date.--The amendments made by this section shall 
apply to interest and dividends received after the date of the 
enactment of this Act.

SEC. 317. SANCTIONS DESCRIBED.

    The sanctions described in this section are the following:
            (1) Property blocking.--The President shall exercise all of 
        the powers granted by the International Emergency Economic 
        Powers Act (50 U.S.C. 1701 et seq.) 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.
            (2) Aliens inadmissible for visas, admission, or parole.--
                    (A) Visas, admission, or parole.--In the case of an 
                alien, the alien is--
                            (i) inadmissible to the United States;
                            (ii) ineligible to receive a visa or other 
                        documentation to enter the United States; and
                            (iii) otherwise ineligible to be admitted 
                        or paroled into the United States or to receive 
                        any other benefit under the Immigration and 
                        Nationality Act (8 U.S.C. 1101 et seq.).
                    (B) Current visas revoked.--
                            (i) In general.--The visa or other entry 
                        documentation of an alien described in 
                        subparagraph (A) shall be revoked, regardless 
                        of when such visa or other entry documentation 
                        is or was issued.
                            (ii) Immediate effect.--A revocation under 
                        clause (i) shall--
                                    (I) take effect immediately; and
                                    (II) automatically cancel any other 
                                valid visa or entry documentation that 
                                is in the alien's possession.
            (3) Loans from international financial institutions.--The 
        President shall direct the United States Executive Director of 
        each international financial institution to use the voice, 
        vote, and influence of the United States to oppose any loan, 
        loan guarantee, or equity investment from the international 
        financial institution that would directly or indirectly benefit 
        the sanctioned foreign person.

SEC. 318. IMPLEMENTATION; REGULATIONS; PENALTIES.

    (a) 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 title.
    (b) Regulations.--The President shall issue such regulations, 
licenses, and orders as are necessary to carry out this title.
    (c) Penalties.--A person that violates, attempts to violate, 
conspires to violate, or causes a violation of this Act or any 
regulation, license, or order issued to carry out this title shall be 
subject to the penalties set forth in subsections (b) and (c) of 
section 206 of the International Emergency Economic Powers Act (50 
U.S.C. 1705(b) and 1705(c)).

SEC. 319. EXCEPTIONS; WAIVER.

    (a) Exceptions.--
            (1) Exception to comply with international obligations.--
        Sanctions described in section 317(2) shall not apply with 
        respect to the admission of an alien if admitting or paroling 
        the alien into the United States is necessary to permit the 
        United States to comply with the Agreement regarding the 
        Headquarters of the United Nations, signed at Lake Success June 
        26, 1947, and entered into force November 21, 1947, between the 
        United Nations and the United States, or other applicable 
        international obligations.
            (2) Exception relating to the provision of humanitarian 
        assistance.--Sanctions under this title may not be imposed with 
        respect to transactions or the facilitation of transactions 
        for--
                    (A) the sale of agricultural commodities, food, 
                medicine, or medical devices; or
                    (B) the provision of humanitarian assistance; or
                    (C) financial transactions relating to humanitarian 
                assistance;
            (3) Exception for intelligence, law enforcement, and 
        national security activities.--Sanctions under this title shall 
        not apply to any authorized intelligence, law enforcement, or 
        national security activities of the United States.
    (b) National Security Waiver.--The President may waive the 
imposition of sanctions under this title with respect to a person if 
the President--
            (1) determines that such a waiver is in the extraordinarily 
        vital to the national security of the United States; and
            (2) submits to the appropriate committees of Congress a 
        notification of the waiver and the reasons for the waiver no 
        less than 15 days before the use of the waiver.

SEC. 320. TERMINATION.

    (a) In General.--The President may terminate the application of 
sanctions, export controls, duties, prohibitions, or penalties under 
this title if the President certifies to Congress that the Russian 
Federation has ceased conducting a war of aggression against Ukraine or 
act in violation of a negotiated peace agreement with Ukraine.
    (b) Reimposition.--The President shall immediately reimpose all 
previous terminated sanctions, export controls, duties, prohibitions, 
and penalties imposed under this title should the Russian Federation 
restart a war of aggression against Ukraine or act in violation of a 
negotiated peace agreement with Ukraine.

SEC. 321. CONGRESSIONAL REVIEW OF RUSSIA SANCTIONS.

    (a) Submission to Congress of Proposed Action.--
            (1) In general.--Notwithstanding any other provision of 
        law, before taking any action described in paragraph (2), the 
        President shall submit to the appropriate congressional 
        committees and leadership a report that describes the proposed 
        action and the reasons for that action.
            (2) Actions described.--
                    (A) In general.--An action described in this 
                paragraph is--
                            (i) an action to terminate the application 
                        of any sanction, export control, duty, or 
                        prohibition described in subparagraph (B);
                            (ii) with respect to sanctions, export 
                        controls, duties, or prohibitions described in 
                        subparagraph (B) imposed by the President with 
                        respect to a person, an action to waive the 
                        application of those sanctions with respect to 
                        that person; or
                            (iii) a licensing action that significantly 
                        alters United States foreign policy with 
                        respect to Russia.
                    (B) Sanctions, export controls, duties, and 
                prohibitions described.--The sanctions, export 
                controls, duties, and prohibitions described in this 
                subparagraph are sanctions, export controls, duties, 
                and prohibitions with respect to Russia provided for 
                under--
                            (i) this Act;
                            (ii) Executive Order 13849 (22 U.S.C. 9521 
                        note; relating to authorizing the 
                        implementation of certain sanctions set forth 
                        in the Countering America's Adversaries Through 
                        Sanctions Act (22 U.S.C. 9401 et seq.));
                            (iii) Executive Order 13883 (22 U.S.C. 5605 
                        note; relating to administration of 
                        proliferation sanctions and amendment of 
                        Executive Order 12851 (22 U.S.C. 2797 note; 
                        relating to the administration of proliferation 
                        sanctions, Middle East arms control, and 
                        related congressional reporting 
                        responsibilities));
                            (iv) 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);
                            (v) Executive Order 14039 (22 U.S.C. 9526 
                        note; relating to blocking property with 
                        respect to certain Russian energy export 
                        pipelines);
                            (vi) Executive Order 14065 (50 U.S.C. 1701 
                        note; relating to blocking property of certain 
                        persons and prohibiting certain transactions 
                        with respect to continued Russian efforts to 
                        undermine the sovereignty and territorial 
                        integrity of Ukraine);
                            (vii) Executive Order 14066 (50 U.S.C. 1701 
                        note; relating to prohibiting certain imports 
                        and new investments with respect to continued 
                        Russian Federation efforts to undermine the 
                        sovereignty and territorial integrity of 
                        Ukraine);
                            (viii) Executive Order 14068 (50 U.S.C. 
                        1701 note; relating to prohibiting certain 
                        imports, exports, and new investment with 
                        respect to continued Russian Federation 
                        aggression);
                            (ix) Executive Order 14071 (50 U.S.C. 1701 
                        note; relating to prohibiting new investment in 
                        and certain services to the Russian Federation 
                        in response to continued Russian Federation 
                        aggression); and
                            (x) Executive Order 14114 (88 Fed. Reg. 
                        89271; relating to taking additional steps with 
                        respect to the Russian Federation's harmful 
                        activities).
            (3) Description of type of action.--Each report submitted 
        under paragraph (1) with respect to an action described in 
        paragraph (2) shall include a description of whether the 
        action--
                    (A) is not intended to significantly alter United 
                States foreign policy with respect to Russia; or
                    (B) is intended to significantly alter United 
                States foreign policy with respect to Russia.
            (4) Inclusion of additional matter.--
                    (A) In general.--Each report submitted under 
                paragraph (1) that relates to an action that is 
                intended to significantly alter United States foreign 
                policy with respect to Russia shall include a 
                description of--
                            (i) the significant alteration to United 
                        States foreign policy with respect to Russia;
                            (ii) the anticipated effect of the action 
                        on the national security interests of the 
                        United States; and
                            (iii) the policy objectives for which the 
                        sanctions affected by the action were initially 
                        imposed.
                    (B) Requests from banking and financial services 
                committees.--The Committee on Banking, Housing, and 
                Urban Affairs of the Senate or the Committee on 
                Financial Services of the House of Representatives may 
                request the submission to the Committee of the matter 
                described in clauses (ii) and (iii) of subparagraph (A) 
                with respect to a report submitted under paragraph (1) 
                that relates to an action that is not intended to 
                significantly alter United States foreign policy with 
                respect to Russia.
            (5) Confidentiality of proprietary information.--
        Proprietary information that can be associated with a 
        particular person with respect to an action described in 
        paragraph (2) may be included in a report submitted under 
        paragraph (1) only if the appropriate congressional committees 
        and leadership provide assurances of confidentiality, unless 
        that person otherwise consents in writing to such disclosure.
            (6) Rule of construction.--Paragraph (2)(A)(iii) shall not 
        be construed to require the submission of a report under 
        paragraph (1) with respect to the routine issuance of a license 
        that does not significantly alter United States foreign policy 
        with respect to Russia.
    (b) Period for Review by Congress.--
            (1) In general.--During the period of 30 calendar days 
        beginning on the date on which the President submits a report 
        under subsection (a)(1)--
                    (A) in the case of a report that relates to an 
                action that is not intended to significantly alter 
                United States foreign policy with respect to Russia, 
                the Committee on Banking, Housing, and Urban Affairs of 
                the Senate and the Committee on Financial Services of 
                the House of Representatives should, as appropriate, 
                hold hearings and briefings and otherwise obtain 
                information in order to fully review the report; and
                    (B) in the case of a report that relates to an 
                action that is intended to significantly alter United 
                States foreign policy with respect to Russia, the 
                Committee on Foreign Relations of the Senate and the 
                Committee on Foreign Affairs of the House of 
                Representatives should, as appropriate, hold hearings 
                and briefings and otherwise obtain information in order 
                to fully review the report.
            (2) Exception.--The period for congressional review under 
        paragraph (1) of a report required to be submitted under 
        subsection (a)(1) shall be 60 calendar days if the report is 
        submitted on or after July 10 and on or before September 7 in 
        any calendar year.
            (3) Limitation on actions during initial congressional 
        review period.--Notwithstanding any other provision of law, 
        during the period for congressional review provided for under 
        paragraph (1) of a report submitted under subsection (a)(1) 
        proposing an action described in subsection (a)(2), including 
        any additional period for such review as applicable under the 
        exception provided in paragraph (2), the President may not take 
        that action unless a joint resolution of approval with respect 
        to that action is enacted in accordance with subsection (c).
            (4) Limitation on actions during presidential consideration 
        of a joint resolution of disapproval.--Notwithstanding any 
        other provision of law, if a joint resolution of disapproval 
        relating to a report submitted under subsection (a)(1) 
        proposing an action described in subsection (a)(2) passes both 
        Houses of Congress in accordance with subsection (c), the 
        President may not take that action for a period of 12 calendar 
        days after the date of passage of the joint resolution of 
        disapproval.
            (5) Limitation on actions during congressional 
        reconsideration of a joint resolution of disapproval.--
        Notwithstanding any other provision of law, if a joint 
        resolution of disapproval relating to a report submitted under 
        subsection (a)(1) proposing an action described in subsection 
        (a)(2) passes both Houses of Congress in accordance with 
        subsection (c), and the President vetoes the joint resolution, 
        the President may not take that action for a period of 10 
        calendar days after the date of the President's veto.
            (6) Effect of enactment of a joint resolution of 
        disapproval.--Notwithstanding any other provision of law, if a 
        joint resolution of disapproval relating to a report submitted 
        under subsection (a)(1) proposing an action described in 
        subsection (a)(2) is enacted in accordance with subsection (c), 
        the President may not take that action.
    (c) Joint Resolutions of Disapproval or Approval.--
            (1) Definitions.--In this subsection:
                    (A) Joint resolution of approval.--The term ``joint 
                resolution of approval'' means only a joint resolution 
                of either House of Congress--
                            (i) the title of which is as follows: ``A 
                        joint resolution approving the President's 
                        proposal to take an action relating to the 
                        application of certain sanctions with respect 
                        to Russia.''; and
                            (ii) the sole matter after the resolving 
                        clause of which is the following: ``Congress 
                        approves of the action relating to the 
                        application of sanctions imposed with respect 
                        to Russia proposed by the President in the 
                        report submitted to Congress under this section 
                        of the Ukraine Support Act with the first blank 
                        space being filled with the appropriate date 
                        and the second blank space being filled with a 
                        short description of the proposed action.''.
                    (B) Joint resolution of disapproval.--The term 
                ``joint resolution of disapproval'' means only a joint 
                resolution of either House of Congress--
                            (i) the title of which is as follows: ``A 
                        joint resolution disapproving the President's 
                        proposal to take an action relating to the 
                        application of certain sanctions with respect 
                        to Russia.''; and
                            (ii) the sole matter after the resolving 
                        clause of which is the following: ``Congress 
                        disapproves of the action relating to the 
                        application of sanctions imposed with respect 
                        to Russia proposed by the President in the 
                        report submitted to Congress under this section 
                        of the Ukraine Support Act with the first blank 
                        space being filled with the appropriate date 
                        and the second blank space being filled with a 
                        short description of the proposed action.''.
            (2) Introduction.--During the period of 30 calendar days 
        provided for under subsection (b)(1), including any additional 
        period as applicable under the exception provided in subsection 
        (b)(2), a joint resolution of approval or joint resolution of 
        disapproval may be introduced--
                    (A) in the House of Representatives, by the 
                majority leader or the minority leader; and
                    (B) in the Senate, by the majority leader (or the 
                majority leader's designee) or the minority leader (or 
                the minority leader's designee).
            (3) Floor consideration in house of representatives.--If a 
        committee of the House of Representatives to which a joint 
        resolution of approval or joint resolution of disapproval has 
        been referred has not reported the joint resolution within 10 
        calendar days after the date of referral, that committee shall 
        be discharged from further consideration of the joint 
        resolution.
            (4) Consideration in the senate.--
                    (A) Committee referral.--A joint resolution of 
                approval or joint resolution of disapproval introduced 
                in the Senate shall be--
                            (i) referred to the Committee on Banking, 
                        Housing, and Urban Affairs of the Senate if the 
                        joint resolution relates to a report under 
                        subsection (a)(3)(A) that relates to an action 
                        that is not intended to significantly alter 
                        United States foreign policy with respect to 
                        Russia; and
                            (ii) referred to the Committee on Foreign 
                        Relations of the Senate if the joint resolution 
                        relates to a report under subsection (a)(3)(B) 
                        that relates to an action that is intended to 
                        significantly alter United States foreign 
                        policy with respect to Russia.
                    (B) Reporting and discharge.--If the committee to 
                which a joint resolution of approval or joint 
                resolution of disapproval was referred has not reported 
                the joint resolution within 10 calendar days after the 
                date of referral of the joint resolution, that 
                committee shall be discharged from further 
                consideration of the joint resolution and the joint 
                resolution shall be placed on the appropriate calendar.
                    (C) Proceeding to consideration.--Notwithstanding 
                Rule XXII of the Standing Rules of the Senate, it is in 
                order at any time after the Committee on Banking, 
                Housing, and Urban Affairs or the Committee on Foreign 
                Relations of the Senate, as the case may be, reports a 
                joint resolution of approval or joint resolution of 
                disapproval to the Senate or has been discharged from 
                consideration of such a joint resolution (even though a 
                previous motion to the same effect has been disagreed 
                to) to move to proceed to the consideration of the 
                joint resolution, and all points of order against the 
                joint resolution (and against consideration of the 
                joint resolution) are waived. The motion to proceed is 
                not debatable. The motion is not subject to a motion to 
                postpone. A motion to reconsider the vote by which the 
                motion is agreed to or disagreed to shall not be in 
                order.
                    (D) Rulings of the chair on procedure.--Appeals 
                from the decisions of the Chair relating to the 
                application of the rules of the Senate, as the case may 
                be, to the procedure relating to a joint resolution of 
                approval or joint resolution of disapproval shall be 
                decided without debate.
                    (E) Consideration of veto messages.--Debate in the 
                Senate of any veto message with respect to a joint 
                resolution of approval or joint resolution of 
                disapproval, including all debatable motions and 
                appeals in connection with the joint resolution, shall 
                be limited to 10 hours, to be equally divided between, 
                and controlled by, the majority leader and the minority 
                leader or their designees.
            (5) Rules relating to senate and house of 
        representatives.--
                    (A) Treatment of senate joint resolution in 
                house.--In the House of Representatives, the following 
                procedures shall apply to a joint resolution of 
                approval or a joint resolution of disapproval received 
                from the Senate (unless the House has already passed a 
                joint resolution relating to the same proposed action):
                            (i) The joint resolution shall be referred 
                        to the appropriate committees.
                            (ii) If a committee to which a joint 
                        resolution has been referred has not reported 
                        the joint resolution within 2 calendar days 
                        after the date of referral, that committee 
                        shall be discharged from further consideration 
                        of the joint resolution.
                            (iii) Beginning on the third legislative 
                        day after each committee to which a joint 
                        resolution has been referred reports the joint 
                        resolution to the House or has been discharged 
                        from further consideration thereof, it shall be 
                        in order to move to proceed to consider the 
                        joint resolution in the House of 
                        Representatives. All points of order against 
                        the motion are waived. Such a motion shall not 
                        be in order after the House of Representatives 
                        has disposed of a motion to proceed on the 
                        joint resolution. The previous question shall 
                        be considered as ordered on the motion to its 
                        adoption without intervening motion. The motion 
                        shall not be debatable. A motion to reconsider 
                        the vote by which the motion is disposed of 
                        shall not be in order.
                            (iv) The joint resolution shall be 
                        considered as read. All points of order against 
                        the joint resolution and against its 
                        consideration are waived. The previous question 
                        shall be considered as ordered on the joint 
                        resolution to final passage without intervening 
                        motion except 2 hours of debate equally divided 
                        and controlled by the sponsor of the joint 
                        resolution (or a designee) and an opponent. A 
                        motion to reconsider the vote on passage of the 
                        joint resolution shall not be in order.
                    (B) Treatment of house joint resolution in 
                senate.--
                            (i) Receipt before passage.--If, before the 
                        passage by the Senate of a joint resolution of 
                        approval or joint resolution of disapproval, 
                        the Senate receives an identical joint 
                        resolution from the House of Representatives, 
                        the following procedures shall apply:
                                    (I) That joint resolution shall not 
                                be referred to a committee.
                                    (II) With respect to that joint 
                                resolution--
                                            (aa) the procedure in the 
                                        Senate shall be the same as if 
                                        no joint resolution had been 
                                        received from the House of 
                                        Representatives; but
                                            (bb) the vote on passage 
                                        shall be on the joint 
                                        resolution from the House of 
                                        Representatives.
                            (ii) Receipt after passage.--If, following 
                        passage of a joint resolution of approval or 
                        joint resolution of disapproval in the Senate, 
                        the Senate receives an identical joint 
                        resolution from the House of Representatives, 
                        that joint resolution shall be placed on the 
                        appropriate Senate calendar.
                            (iii) No companion measure.--If a joint 
                        resolution of approval or a joint resolution of 
                        disapproval is received from the House, and no 
                        companion joint resolution has been introduced 
                        in the Senate, the Senate procedures under this 
                        subsection shall apply to the House joint 
                        resolution.
                    (C) Application to revenue measures.--The 
                provisions of this paragraph shall not apply in the 
                House of Representatives to a joint resolution of 
                approval or joint resolution of disapproval that is a 
                revenue measure.
    (d) Tolling.--The requirements of this section may not be tolled by 
either the House of Representatives or the Senate.

SEC. 322. DEFINITIONS.

    In this title:
            (1) Admission; admitted; alien.--The terms ``admission'', 
        ``admitted'', and ``alien'' have the meanings given those terms 
        in section 101 of the Immigration and Nationality Act (8 U.S.C. 
        1101).
            (2) Appropriate committees of congress.--The term 
        ``appropriate committees of Congress'' means--
                    (A) the Committee on Foreign Relations and the 
                Committee on Banking, Housing, and Urban Affairs of the 
                Senate; and
                    (B) the Committee on Foreign Affairs and the 
                Committee on Financial Services of the House of 
                Representatives.
            (3) Financial institution.--The term ``financial 
        institution'' means a financial institution specified in 
        subparagraph (A), (B), (C), (D), (E), (F), (G), (H), (I), (J), 
        (M), or (Y) of section 5312(a)(2) of title 31, United States 
        Code.
            (4) Foreign financial institution.--The term ``foreign 
        financial institution'' has the meaning given that term in 
        regulations prescribed by the Secretary of the Treasury.
            (5) Foreign person.--The term ``foreign person'' means an 
        individual or entity that is not a United States person.
            (6) Knowingly.--The term ``knowingly'' with respect to 
        conduct, a circumstance, or a result, means that a person had 
        actual knowledge, or should have known, of the conduct, the 
        circumstance, or the result.
            (7) 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; 
                or
                    (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.
            (8) War of aggression.--The term ``war of aggression'' is 
        implicated when any of the following have occurred in the 30 
        days prior to a sanctions trigger determination--
                    (A) a ground, amphibious, or airborne assault;
                    (B) any naval, aerial, or terrestrial blockade;
                    (C) any drone or missile attack; and
                    (D) any cyber attack that has any physical 
                repercussion in the sovereign territory of Ukraine.
                                 <all>