H.R.2145 - No REX Act115th Congress (2017-2018) |
|Sponsor:||Rep. Waters, Maxine [D-CA-43] (Introduced 04/25/2017)|
|Committees:||House - Foreign Affairs|
|Latest Action:||House - 04/25/2017 Referred to the House Committee on Foreign Affairs. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.2145 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (04/25/2017)
No Russia Exemptions for Oil Production Act or the No REX Act
This bill prohibits the Department of the Treasury from providing licenses or other authorization for U.S. persons to engage in activities relating to deepwater, Arctic offshore, or shale projects that may produce oil in Russia or within its maritime jurisdiction. Executive Order 13662 (relating to blocking property of additional persons contributing to the situation in Ukraine) authorized Treasury to prevent U.S. persons from engaging in business with Russia in various sectors, including the energy sector.
Additionally, the bill nullifies any license or other authorization to engage in prohibited activities issued before the enactment of this bill.