,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #fdbc  ,,in ,,the ,,house ,,of  
,,representatives  ,july #ah1 #bjah,mr4 
,cohen introduced the following bill2   
which was referred to the ,committee on 
,foreign ,affairs  ,a ,,bill  ,to impose
 sanctions with respect to certain      
,russian financial institutions4  #a4   
,short title ,this ,act may be cited as 
the ,punishing ,continued ,occupation of
 ,ukraine ,act4  #b4 ,imposition of     
sanctions with respect to certain       
,russian financial institutions  7a7    
,findings ,congress finds the following3
  7#a7 ,on ,february #bg1 #bjad1 the    
,russian ,federation unlawfully invaded 
,crimea and shortly thereafter          
intervened and occupied parts of        
,ukraine4  7#b7 ,russia continues to    
flout the ,minsk ,accords1 signed on    
,september #e1 #bjad1 by directly and   
indirectly supporting separatist forces 
in ,ukraine4  7#c7 ,sanctions to date   
have failed to alter ,russian ,president
 ,vladimir ,putin's calculation         

regarding ,ukraine and the ,crimea4     
7#d7 ,the ,putin regime relies on       
several large financial institutions to 
implement its policies and keep the     
regime afloat4  7b7 ,in general ,not    
later than #fj days after the date of   
the enactment of this ,act1 and every   
#ahj days thereafter for #e years1 the  
,president shall determine whether the  
,russian ,federation is in compliance   
with the ,minsk ,accords4  7c7          
,imposition of sanctions  7#a7 ,in      
general ,if the ,president1 pursuant to 
subsection 7b71 determines that ,russia 
is not in compliance with the ,minsk    
,accords1 the ,president shall impose   
the sanctions described in subsection   
7d7 with respect to not less than three 
,russian financial institutions that are
 substantially affiliated with the      
,putin regime1 including from among     
those institutions described in         
subsection 7e74  7#b7 ,requirement ,one 
of the financial institutions to be     
sanctioned pursuant to this subsection  

shall include ,vnesheconombank4  7d7    
,sanctions described ,the sanctions     
described in this subsection are the    
exercise of all powers granted to the   
,president by the ,international        
,emergency ,economic ,powers ,act 7#ej  
,u4,s4,c4 #agja et seq47 to the extent  
necessary to block and prohibit all     
transactions in all property and        
interests in property of a financial    
institution determined by the ,president
 to be subject to subsection 7b77#a7 if 
such property and interests in property 
are in the ,united ,states1 come within 
the ,united ,states1 or are or come     
within the possession or control of a   
,united ,states person4  7e7 ,russian   
financial institutions described ,the   
financial institutions described in this
 subsection are the following3 7#a7     
,sberbank4  7#b7 ,,vtb ,bank4  7#c7     
,gazprombank4  7#d7 ,bank of ,moscow4   
7#e7 ,rosselkhozbank4  7#f7             
,promsvyazbank4  7f7 ,implementation2   
penalties  7#a7 ,implementation ,the    

,president may exercise all authorities 
provided to the ,president under        
sections #bjc and #bje of the           
,international ,emergency ,economic     
,powers ,act 7#ej ,u4,s4,c4 #agjb and   
#agjd7 to carry out subsection 7c74     
7#b7 ,penalties ,a person that violates1
 attempts to violate1 conspires to      
violate1 or causes a violation of       
subsection 7c7 or any regulation1       
license1 or order issued to carry out   
subsection 7b7 shall be subject to the  
penalties set forth in subsections 7b7  
and 7c7 of section #bjf of the          
,international ,emergency ,economic     
,powers ,act 7#ej ,u4,s4,c4 #agje7 to   
the same extent as a person that commits
 an unlawful act described in subsection
 7a7 of that section4  7g7 ,termination 
,the ,president may terminate the       
application of sanctions under          
subsection 7c7 with respect to a        
,russian financial institution if the   
,president submits to ,congress a notice
 of and justification for the           

termination4  7h7 ,definitions ,in this 
section3 7#a7 ,person ,the term person  
means an individual or entity4  7#b7    
,united ,states person ,the term ,united
 ,states person means-- 7,a7 a ,united  
,states citizen or an alien lawfully    
admitted for permanent residence to the 
,united ,states2 or  7,b7 an entity     
organized under the laws of the ,united 
,states or of any jurisdiction within   
the ,united ,states1 including a foreign
 branch of such an entity4