,,ii ,calendar ,no4 #afi #aafth ,,congress #ast ,session ,s4 #adda ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #ad1 #bjai,mr4 ,cruz 7for himself1 ,mrs4 ,shaheen1 ,mr4 ,barrasso1 ,mr4 ,cotton1 ,mr4 ,johnson1 and ,mr4 ,gardner7 introduced the following bill2 which was read twice and referred to the ,committee on ,foreign ,relations ,july #ca1 #bjai,reported by ,mr4 ,risch1 with an amendment,strike out all after the enacting clause and insert the part printed in italic ,a ,,bill ,to impose sanctions with respect to the provision of certain vessels for the construction of ,russian energy export pipelines1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,protecting ,europe's ,energy ,security ,act of #bjai4 #b4 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 the ,united ,states and ,europe share a common history1 a common identity1 and common values built upon the principles of democracy1 rule of law1 and individual freedoms2 7#b7 the ,united ,states has encouraged and admired the ,european project1 which has resulted in a common market and common policies1 has achieved unprecedented prosperity and stability on the continent1 and serves as a model for other countries to reform their institutions and prioritize anticorruption measures2 7#c7 the relationships between the ,united ,states and ,europe and the ,united ,states and ,germany are critical to the national security interests of the ,united ,states as well as to global prosperity and peace1 and ,germany in particular is a crucial partner for the ,united ,states in multilateral efforts aimed at promoting global prosperity and peace2 7#d7 the ,united ,states should stand against any effort designed to weaken those relationships2 and 7#e7 ,germany has demonstrated leadership within the ,european ,union and in international fora to ensure that sanctions imposed with respect to the ,russian ,federation for its malign activities are maintained4 #c4 ,imposition of sanctions with respect to provision of certain vessels for the construction of ,russian energy export pipelines 7a7 ,report required ,not later than #fj days after the date of the enactment of this ,act1 and every #ij days thereafter1 the ,secretary of ,state shall submit to the appropriate congressional committees a report that identifies1 for the period beginning on the date of the enactment of this ,act and ending on the date of the report-- 7#a7 vessels that engaged in pipe-laying at depths of #ajj feet or more below sea level for the construction of ,russian energy export pipelines2 and 7#b7 foreign persons that have sold1 leased1 provided1 or facilitated the provision of those vessels for the construction of such pipelines4 7b7 ,inadmissibility to ,united ,states of identified persons and corporate officers ,the ,secretary of ,state shall deny a visa to1 and the ,secretary of ,homeland ,security shall exclude from the ,united ,states of1 any alien who is-- 7#a7 a foreign person identified under subsection 7a77#b72 7#b7 a corporate officer of a person described in paragraph 7#a72 or 7#c7 a principal shareholder with a controlling interest in a person described in paragraph 7#a74 7c7 ,blocking of property of identified persons ,the ,president shall exercise 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 any person identified under subsection 7a77#b7 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 7d7 ,sanctions for provision of underwriting services or insurance or reinsurance for identified vessels 7#a7 ,in general ,the ,president may impose #e or more of the sanctions described in paragraph 7#b7 with respect to a foreign person if the ,president determines that the person knowingly1 on or after the date of the enactment of this ,act1 provides underwriting services or insurance or reinsurance for a vessel identified under subsection 7a77#a74 7#b7 ,sanctions described ,the sanctions that may be imposed with respect to a foreign person under paragraph 7#a7 are the following3 7,a7 ,export-import bank assistance for exports to sanctioned persons ,the ,president may direct the ,export-,import ,bank of the ,united ,states not to give approval to the issuance of any guarantee1 insurance1 extension of credit1 or participation in the extension of credit in connection with the export of any goods or services to the foreign person4 7,b7 ,export sanction ,the ,president may order the ,united ,states ,government not to issue any specific license and not to grant any other specific permission or authority to export any goods or technology to the foreign person under-- 7i7 the ,export ,control ,reform ,act of #bjah 7#ej ,u4,s4,c4 #dhja et seq472 7ii7 the ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bgea et seq472 7iii7 the ,atomic ,energy ,act of #aied 7#db ,u4,s4,c4 #bjaa et seq472 or 7iv7 any other statute that requires the prior review and approval of the ,united ,states ,government as a condition for the export or reexport of goods or services4 7,c7 ,loans from ,united ,states financial institutions ,the ,united ,states ,government may prohibit any ,united ,states financial institution from making loans or providing credits to the foreign person totaling more than #aj1jjj1jjj in any #ab-month period unless such person is engaged in activities to relieve human suffering and the loans or credits are provided for such activities4 7,d7 ,prohibitions on financial institutions ,the following prohibitions may be imposed with respect to the foreign person if the foreign person is a financial institution3 7i7 ,prohibition on designation as primary dealer ,neither the ,board of ,governors of the ,federal ,reserve ,system nor the ,federal ,reserve ,bank of ,new ,york may designate1 or permit the continuation of any prior designation of1 such financial institution as a primary dealer in ,united ,states ,government debt instruments4 7ii7 ,prohibition on service as a repository of government funds ,such financial institution may not serve as agent of the ,united ,states ,government or serve as repository for ,united ,states ,government funds4 ,the imposition of either sanction under clause 7i7 or 7ii7 shall be treated as #a sanction for purposes of paragraph 7#a71 and the imposition of both such sanctions shall be treated as #b sanctions for purposes of paragraph 7#a74 7,e7 ,procurement sanction ,the ,united ,states ,government may not procure1 or enter into any contract for the procurement of1 any goods or services from the foreign person4 7,f7 ,foreign exchange ,the ,president may1 pursuant to such regulations as the ,president may prescribe1 prohibit any transactions in foreign exchange that are subject to the jurisdiction of the ,united ,states and in which the foreign person has any interest4 7,g7 ,banking transactions ,the ,president may1 pursuant to such regulations as the ,president may prescribe1 prohibit any transfers of credit or payments between financial institutions or by1 through1 or to any financial institution1 to the extent that such transfers or payments are subject to the jurisdiction of the ,united ,states and involve any interest of the foreign person4 7,h7 ,property transactions ,the ,president may1 pursuant to such regulations as the ,president may prescribe1 prohibit any person from-- 7i7 acquiring1 holding1 withholding1 using1 transferring1 withdrawing1 transporting1 importing1 or exporting any property that is subject to the jurisdiction of the ,united ,states and with respect to which the foreign person has any interest2 7ii7 dealing in or exercising any right1 power1 or privilege with respect to such property2 or 7iii7 conducting any transaction involving such property4 7,i7 ,ban on investment in equity or debt of sanctioned person ,the ,president may1 pursuant to such regulations or guidelines as the ,president may prescribe1 prohibit any ,united ,states person from investing in or purchasing significant amounts of equity or debt instruments of the foreign person4 7,j7 ,exclusion of corporate officers ,the ,president may direct the ,secretary of ,state to deny a visa to1 and the ,secretary of ,homeland ,security to exclude from the ,united ,states1 any alien that the ,president determines is a corporate officer or principal of1 or a shareholder with a controlling interest in1 the foreign person4 7,k7 ,sanctions on principal executive officers ,the ,president may impose on the principal executive officer or officers of the foreign person1 or on persons performing similar functions and with similar authorities as such officer or officers1 any of the sanctions under this paragraph4 7e7 ,exceptions 7#a7 ,exception to comply with united nations headquarters agreement ,sanctions under this subsection shall not apply with respect to the admission of an alien to the ,united ,states if the admission of the alien is necessary to permit the ,united ,states to comply with the ,agreement regarding the ,headquarters of the ,united ,nations1 signed at ,lake ,success ,june #bf1 #aidg1 and entered into force ,november #ba1 #aidg1 between the ,united ,nations and the ,united ,states1 the ,convention on ,consular ,relations1 done at ,vienna ,april #bd1 #aifc1 and entered into force ,march #ai1 #aifg1 or other applicable international obligations4 7#b7 ,exception relating to importation of goods 7,a7 ,in general ,a requirement or the authority to block and prohibit all transactions in all property and interests in property under this section shall not include the authority to impose sanctions on the importation of goods4 7,b7 ,good defined ,in this paragraph1 the term good means any article1 natural or man-made substance1 material1 supply or manufactured product1 including inspection and test equipment1 and excluding technical data4 7f7 ,national security waiver ,the ,president may waive the application of sanctions under this section with respect to a person if the ,president-- 7#a7 determines that the waiver is in the national security interests of the ,united ,states2 and 7#b7 submits to the appropriate congressional committees a report on the waiver and the reasons for the waiver4 7g7 ,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 this section4 7#b7 ,penalties ,a person that violates1 attempts to violate1 conspires to violate1 or causes a violation of this section or any regulation1 license1 or order issued to carry out this section 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 7h7 ,definitions ,in this section3 7#a7 ,admission2 admitted2 alien ,the terms admission1 admitted1 and alien have the meanings given those terms in section #aja of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aaja74 7#b7 ,appropriate congressional committees ,the term appropriate congressional committees means the ,committee on ,foreign ,relations of the ,senate and the ,committee on ,foreign ,affairs of the ,house of ,representatives4 7#c7 ,foreign person ,the term foreign person means an individual or entity that is not a ,united ,states person4 7#d7 ,knowingly ,the term knowingly1 with respect to conduct1 a circumstance1 or a result1 means that a person has actual knowledge1 or should have known1 of the conduct1 the circumstance1 or the result4 7#e7 ,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 any jurisdiction within the ,united ,states1 including a foreign branch of such an entity4 #d4 ,strategy to improve energy security of ,european allies of the ,united ,states 7a7 ,in general ,the ,president shall direct the ,secretary of ,state1 in coordination with the heads of other ,federal agencies1 as appropriate1 to develop a strategy to improve the national and regional energy security of allies of the ,united ,states in ,europe4 7b7 ,elements ,the strategy required by subsection 7a7 shall include elements-- 7#a7 to deepen the role of ,united ,states diplomacy in ,europe and the ,middle ,east in enhancing the energy security of allies of the ,united ,states in ,europe2 7#b7 to diversify the energy sources of such allies2 7#c7 to counter efforts by the ,russian ,federation to establish energy dominance over ,europe2 and 7#d7 to improve the resilience of energy infrastructure of such allies4 #e4 ,report on effects of ,nord ,stream #b on the national security of the ,united ,states ,not later than #ij days after the date of the enactment of this ,act1 the ,secretary of ,state shall submit to the appropriate congressional committees 7as defined in section #c7;h77 a report that includes the following3 7#a7 ,an assessment of the effects of the ,nord ,stream #b natural gas pipeline on the national security of the ,united ,states1 including an assessment of the effect that increased dependence by countries in ,europe on ,russian natural gas would have on-- 7,a7 the energy security of ,europe2 7,b7 the diplomatic security and foreign policy of ,ukraine2 7,c7 the diplomatic security and foreign policy of ,germany2 and 7,d7 ,united ,states diplomatic missions and facilities of the ,united ,states ,government in ,europe4 7#b7 ,a description of activities of1 or support by1 the ,government of the ,russian ,federation aimed at influencing opinions of the public and elites in ,europe to generate support for ,nord ,stream #b and other ,russian energy export projects1 including through-- 7,a7 propaganda activities through media and digital platforms1 including broadcast and satellite-based television1 radio1 internet1 and print media2 or 7,b7 funding or otherwise supporting third-party groups in ,europe such as think tanks1 academic institutions1 trade associations1 and other nongovernmental organizations4 #f4 ,report on entities involved in construction or repair of ,nord ,stream #b 7a7 ,in general ,not later than #ahj days after the date of the enactment of this ,act1 and annually thereafter until the date that is #f years after such date of enactment1 the ,secretary of ,state shall submit to the appropriate congressional committees 7as defined in section #c7;h77 a report that includes-- 7#a7 a list of all entities1 including financial institutions1 directly or indirectly providing goods1 services1 information1 or technology for the construction or repair of the ,nord ,stream #b natural gas pipeline2 and 7#b7 an assessment of whether each entity on the list required by paragraph 7#a7 has knowingly engaged in a significant transaction with1 or provided goods1 services1 information1 or technology to or for-- 7,a7 a ,russian person the property or interests in property of which have been blocked pursuant to the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq472 7,b7 any person with respect to which sanctions have been imposed under section #bca of the ,countering ,america's ,adversaries ,through ,sanctions ,act 7#bb ,u4,s4,c4 #iebe72 or 7,c7 any person with respect to which sanctions have been imposed under-- 7i7 any other provision of title ,,ii of the ,countering ,america's ,adversaries ,through ,sanctions ,act 7#bb ,u4,s4,c4 #ieja et seq472 7ii7 the ,support for the ,sovereignty1 ,integrity1 ,democracy1 and ,economic ,stability of ,ukraine ,act of #bjad 7#bb ,u4,s4,c4 #hija et seq472 or 7iii7 the ,ukraine ,freedom ,support ,act of #bjad 7#bb ,u4,s4,c4 #hiba et seq474 7b7 ,russian person defined ,in this section1 the term ,russian person has the meaning given that term in section #b of the ,ukraine ,freedom ,support ,act of #bjad 7#bb ,u4,s4,c4 #hiba74 #a4 ,short title ,this ,act may be cited as the ,protecting ,europe's ,energy ,security ,act of #bjai4 #b4 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 the ,united ,states and ,europe share a common history1 a common identity1 and common values built upon the principles of democracy1 rule of law1 and individual freedoms2 7#b7 the ,united ,states has encouraged and admired the ,european project1 which has resulted in a common market and common policies1 has achieved unprecedented prosperity and stability on the continent1 and serves as a model for other countries to reform their institutions and prioritize anticorruption measures2 7#c7 the relationships between the ,united ,states and ,europe and the ,united ,states and ,germany are critical to the national security interests of the ,united ,states as well as to global prosperity and peace1 and ,germany in particular is a crucial partner for the ,united ,states in multilateral efforts aimed at promoting global prosperity and peace2 7#d7 the ,united ,states should stand against any effort designed to weaken those relationships2 and 7#e7 ,germany has demonstrated leadership within the ,european ,union and in international fora to ensure that sanctions imposed with respect to the ,russian ,federation for its malign activities are maintained4 #c4 ,imposition of sanctions with respect to provision of certain vessels for the construction of certain ,russian energy export pipelines 7a7 ,report required 7#a7 ,in general ,not later than #fj days after the date of the enactment of this ,act1 and every #ij days thereafter1 the ,secretary of ,state1 in consultation with the ,secretary of the ,treasury1 shall submit to the appropriate congressional committees a report that identifies1 for the period specified in paragraph 7#b7-- 7,a7 vessels that engaged in pipe-laying at depths of #ajj feet or more below sea level for the construction of the ,nord ,stream #b pipeline project1 the ,turk,stream pipeline project1 or any project that is a successor to either such project2 and 7,b7 foreign persons that have-- 7i7 knowingly sold1 leased1 or provided those vessels for the construction of such a project2 or 7ii7 intentionally facilitated deceptive or structured transactions to provide those vessels for the construction of such a project4 7#b7 ,period specified ,the period specified in this paragraph is-- 7,a7 in the case of the first report required to be submitted by paragraph 7#a71 the period beginning on the date of the enactment of this ,act and ending on the date on which the report is submitted2 and 7,b7 in the case of any subsequent such report1 the #ij-;day period preceding submission of the report4 7b7 ,inadmissibility to ,united ,states of identified persons and corporate officers ,the ,secretary of ,state shall deny a visa to1 and the ,secretary of ,homeland ,security shall exclude from the ,united ,states1 any alien who is-- 7#a7 a foreign person identified under subsection 7a77#a77;,b72 7#b7 a corporate officer of a person described in paragraph 7#a72 or 7#c7 a principal shareholder with a controlling interest in a person described in paragraph 7#a74 7c7 ,blocking of property of identified persons ,the ,president shall exercise 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 any person identified under subsection 7a77#a77;,b7 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 7d7 ,sanctions for provision of underwriting services or insurance or reinsurance for identified vessels 7#a7 ,in general ,the ,president may impose #c or more of the sanctions described in paragraph 7#b7 with respect to a foreign person if the ,president determines that the person knowingly1 on or after the date of the enactment of this ,act1 provides significant underwriting services or insurance or reinsurance for a vessel identified under subsection 7a77#a77;,a74 7#b7 ,sanctions described ,the sanctions that may be imposed with respect to a foreign person under paragraph 7#a7 are the following3 7,a7 ,export-import bank assistance for exports to sanctioned persons ,the ,president may direct the ,export-,import ,bank of the ,united ,states not to give approval to the issuance of any guarantee1 insurance1 extension of credit1 or participation in the extension of credit in connection with the export of any goods or services to the foreign person4 7,b7 ,export sanction ,the ,president may order the ,united ,states ,government not to issue any specific license and not to grant any other specific permission or authority to export any goods or technology to the foreign person under-- 7i7 the ,export ,control ,reform ,act of #bjah 7#ej ,u4,s4,c4 #dhja et seq472 7ii7 the ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bgea et seq472 7iii7 the ,atomic ,energy ,act of #aied 7#db ,u4,s4,c4 #bjaa et seq472 or 7iv7 any other statute that requires the prior review and approval of the ,united ,states ,government as a condition for the export or reexport of goods or services4 7,c7 ,loans from ,united ,states financial institutions ,the ,united ,states ,government may prohibit any ,united ,states financial institution from making loans or providing credits to the foreign person totaling more than #aj1jjj1jjj in any #ab-month period unless such person is engaged in activities to relieve human suffering and the loans or credits are provided for such activities4 7,d7 ,prohibitions on financial institutions ,the following prohibitions may be imposed with respect to the foreign person if the foreign person is a financial institution3 7i7 ,prohibition on designation as primary dealer ,neither the ,board of ,governors of the ,federal ,reserve ,system nor the ,federal ,reserve ,bank of ,new ,york may designate1 or permit the continuation of any prior designation of1 such financial institution as a primary dealer in ,united ,states ,government debt instruments4 7ii7 ,prohibition on service as a repository of government funds ,such financial institution may not serve as an agent of the ,united ,states ,government or serve as a repository for ,united ,states ,government funds4 ,the imposition of either sanction under clause 7i7 or 7ii7 shall be treated as #a sanction for purposes of paragraph 7#a71 and the imposition of both such sanctions shall be treated as #b sanctions for purposes of paragraph 7#a74 7,e7 ,procurement sanction ,the ,united ,states ,government may not procure1 or enter into any contract for the procurement of1 any goods or services from the foreign person4 7,f7 ,foreign exchange ,the ,president may1 pursuant to such regulations as the ,president may prescribe1 prohibit any transactions in foreign exchange that are subject to the jurisdiction of the ,united ,states and in which the foreign person has any interest4 7,g7 ,banking transactions ,the ,president may1 pursuant to such regulations as the ,president may prescribe1 prohibit any transfers of credit or payments between financial institutions or by1 through1 or to any financial institution1 to the extent that such transfers or payments are subject to the jurisdiction of the ,united ,states and involve any interest of the foreign person4 7,h7 ,property transactions ,the ,president may1 pursuant to such regulations as the ,president may prescribe1 prohibit any person from-- 7i7 acquiring1 holding1 withholding1 using1 transferring1 withdrawing1 transporting1 importing1 or exporting any property that is subject to the jurisdiction of the ,united ,states and with respect to which the foreign person has any interest2 7ii7 dealing in or exercising any right1 power1 or privilege with respect to such property2 or 7iii7 conducting any transaction involving such property4 7,i7 ,ban on investment in equity or debt of sanctioned person ,the ,president may1 pursuant to such regulations or guidelines as the ,president may prescribe1 prohibit any ,united ,states person from investing in or purchasing significant amounts of equity or debt instruments of the foreign person4 7,j7 ,exclusion of corporate officers ,the ,president may direct the ,secretary of ,state to deny a visa to1 and the ,secretary of ,homeland ,security to exclude from the ,united ,states1 any alien that the ,president determines is a corporate officer or principal of1 or a shareholder with a controlling interest in1 the foreign person4 7,k7 ,sanctions on principal executive officers ,the ,president may impose on the principal executive officer or officers of the foreign person1 or on persons performing similar functions and with similar authorities as such officer or officers1 any of the sanctions under this paragraph4 7e7 ,wind-down period ,the ,president may not impose sanctions under this section with respect to a person identified in the first report submitted under subsection 7a7 if the ,president certifies in that report that the person has1 not later than #cj days after the date of the enactment of this ,act1 engaged in good faith efforts to wind down operations that would otherwise subject the person to the imposition of sanctions under this section4 7f7 ,exceptions 7#a7 ,exception for intelligence1 law enforcement1 and national security activities ,sanctions under this section shall not apply to any authorized intelligence1 law enforcement1 or national security activities of the ,united ,states4 7#b7 ,exception to comply with ,united ,nations ,headquarters ,agreement ,sanctions under this section shall not apply with respect to the admission of an alien to the ,united ,states if the admission of the alien is necessary to permit the ,united ,states to comply with the ,agreement regarding the ,headquarters of the ,united ,nations1 signed at ,lake ,success ,june #bf1 #aidg1 and entered into force ,november #ba1 #aidg1 between the ,united ,nations and the ,united ,states1 the ,convention on ,consular ,relations1 done at ,vienna ,april #bd1 #aifc1 and entered into force ,march #ai1 #aifg1 or other applicable international obligations4 7#c7 ,exception for safety of vessels and crew ,sanctions under this section shall not apply with respect to a person providing provisions to a vessel identified under subsection 7a77#a77;,a7 if such provisions are intended for the safety and care of the crew aboard the vessel1 the protection of human life aboard the vessel1 or the maintenance of the vessel to avoid any environmental or other significant damage4 7#d7 ,exception for repair or maintenance of pipelines ,sanctions under this section shall not apply with respect to a person for engaging in activities necessary for or related to the repair or maintenance of1 or environmental remediation with respect to1 a pipeline project described in subsection 7a77#a77;,a74 7#e7 ,exception relating to importation of goods 7,a7 ,in general ,a requirement or the authority to block and prohibit all transactions in all property and interests in property under this section shall not include the authority to impose sanctions on the importation of goods4 7,b7 ,good defined ,in this paragraph1 the term good means any article1 natural or man-made substance1 material1 supply or manufactured product1 including inspection and test equipment1 and excluding technical data4 7g7 ,waivers 7#a7 ,national interest waiver for visa ban ,the ,president may waive the application of sanctions under subsection 7b7 with respect to an alien if the ,president-- 7,a7 determines that the waiver is in the national interests of the ,united ,states2 and 7,b7 submits to the appropriate congressional committees a report on the waiver and the reasons for the waiver4 7#b7 ,national security waiver for economic and other sanctions ,the ,president may waive the application of sanctions under subsection 7c7 or 7d7 with respect to a person if the ,president-- 7,a7 determines that the waiver is in the national security interests of the ,united ,states2 and 7,b7 submits to the appropriate congressional committees a report on the waiver and the reasons for the waiver4 7h7 ,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 this section4 7#b7 ,penalties ,a person that violates1 attempts to violate1 conspires to violate1 or causes a violation of this section or any regulation1 license1 or order issued to carry out this section 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 7i7 ,termination and sunset ,the authority to impose sanctions under this section with respect to a person involved in the construction of a pipeline project described in subsection 7a77#a77;,a71 and any sanctions imposed under this section with respect to that project1 shall terminate on the date that is the earlier of-- 7#a7 the date on which the ,president certifies to the appropriate congressional committees that appropriate safeguards have been put in place-- 7,a7 to minimize the ability of the ,government of the ,russian ,federation to use that project as a tool of coercion and political leverage1 including by achieving-- 7i7 the unbundling of energy production and transmission so that entities owned or controlled by that ,government do not control the transmission network for the pipeline2 7ii7 transparency in the energy market of the ,russian ,federation2 and 7iii7 effective regulatory oversight of that market2 and 7,b7 to ensure1 barring unforeseen circumstances1 that the project would not result in a decrease of more than #be percent in the volume of ,russian energy exports transiting through existing pipelines in other countries1 particularly ,ukraine1 relative to the average monthly volume of ,russian energy exports transiting through such pipelines in #bjah2 or 7#b7 the date that is #aj years after the date of the enactment of this ,act4 7j7 ,definitions ,in this section3 7#a7 ,admission2 admitted2 alien ,the terms admission1 admitted1 and alien have the meanings given those terms in section #aja of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aaja74 7#b7 ,appropriate congressional committees ,the term appropriate congressional committees means the ,committee on ,foreign ,relations of the ,senate and the ,committee on ,foreign ,affairs of the ,house of ,representatives4 7#c7 ,foreign person ,the term foreign person means an individual or entity that is not a ,united ,states person4 7#d7 ,knowingly ,the term knowingly1 with respect to conduct1 a circumstance1 or a result1 means that a person has actual knowledge1 or should have known1 of the conduct1 the circumstance1 or the result4 7#e7 ,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 7,b7 an entity organized under the laws of the ,united ,states or any jurisdiction within the ,united ,states1 including a foreign branch of such an entity2 or 7,c7 any person within the ,united ,states4 #d4 ,list of entities involved in construction or repair of the ,nord ,stream #b pipeline 7a7 ,in general ,not later than #ahj days after the date of the enactment of this ,act1 and annually thereafter until the date that is #f years after such date of enactment1 the ,secretary of ,state1 in consultation with the ,secretary of the ,treasury1 shall submit to the appropriate congressional committees 7as defined in section #c7;j77 a list of all entities1 including financial institutions1 directly or indirectly providing significant goods1 services1 information1 or technology for the construction or repair of the ,nord ,stream #b pipeline project4 7b7 ,form ,the list required by subsection 7a7 shall be submitted in unclassified form but may include a classified annex4 ,july #ca1 #bjai,reported with an amendment