H.R. 6891 — Reported in House

IB Union Calendar No. 238 117th CONGRESS 2d Session H. R. 6891 [Report No. 117–318, Part I] IN THE HOUSE OF REPRESENTATIVES March 2, 2022Mrs. Wagner introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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 May 10, 2022Additional sponsors: Mr. Kustoff, Mr. Cole, Mr. Budd, Mr. Barr, Mr. Timmons, Mr. Sessions, Mr. Sherman, Mr. Rose, Mrs. Lee of Nevada, and Mr. Gottheimer May 10, 2022Reported from the Committee on Financial Services with an amendmentStrike out all after the enacting clause and insert the part printed in italic May 10, 2022Committee on Foreign Affairs discharged; committed to the Committee of the Whole House on the State of the Union, and ordered to be printedFor text of introduced bill, see copy of bill as introduced on March 2, 2022 A BILL To exclude government officials of the Russian Federation from certain international meetings, and for other purposes. 1. Short title This Act may be cited as the Isolate Russian Government Officials Act of 2022. 2. Exclusion of government officials of the Russian Federation (a) Policy of the United States It is the policy of the United States to seek to exclude government officials of the Russian Federation, to the maximum extent practicable, from participation in meetings, proceedings, and other activities of the following organizations: (1) Group of 20. (2) Bank for International Settlements. (3) Basel Committee for Banking Standards. (4) Financial Stability Board. (5) International Association of Insurance Supervisors. (6) International Organization of Securities Commissions. (b) Implementation The Secretary of the Treasury, the Board of Governors of the Federal Reserve System, and the Securities and Exchange Commission, as the case may be, shall take all necessary steps to advance the policy set forth in subsection (a). (c) Termination This section shall have no force or effect on the earlier of— (1) the date that is 5 years after the date of enactment of this Act; or (2) 30 days after the date that the President reports to Congress that the government of the Russian Federation has ceased its destabilizing activities with respect to the sovereignty and territorial integrity of Ukraine. (d) Waiver The President may waive the application of this section if the President reports to the Congress that the waiver is in the national interest of the United States and includes an explanation of the reasons therefor. May 10, 2022Committee on Foreign Affairs discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed