,i  #aagth ,,congress  #b;d ,session    
,h4 ,r4 #gjff  ,,in ,,the ,,house ,,of  
,,representatives  ,march #aa1 #bjbb,mr4
 ,sherman introduced the following bill2
 which was referred to the ,committee on
 ,financial ,services1 and in addition  
to the ,committee on ,agriculture1 for a
 period to be subsequently determined by
 the ,speaker1 in each case for         
consideration of such provisions as fall
 within the jurisdiction of the         
committee concerned  ,a ,,bill  ,to     
require ,united ,states financial       
institutions to ensure entities and     
persons owned or controlled by the      
institution comply with financial       
sanctions on the ,russian ,federation   
and the ,republic of ,belarus to the    
same extent as the institution itself1  
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,russia and ,belarus ,financial         
,sanctions ,act4  #b4 ,requirements  7a7
 ,in general ,a ,united ,states         
financial institution shall take all    

actions necessary and available to cause
 any entity or person owned or          
controlled by the institution to comply 
with any provision of law described in  
subsection 7b7 to the same extent as    
required of a ,united ,states financial 
institution4  7b7 ,provision of law     
described ,a provision of law described 
in this subsection is any prohibition or
 limitation described in statute1       
regulation or order applicable to a     
,united ,states financial institution   
concerning the ,russian ,federation or  
the ,republic of ,belarus1 involving--  
7#a7 the conduct of transactions2  7#b7 
the acceptance of deposits2  7#c7 the   
making1 granting1 transferring1 holding1
 or brokering of loans or credits2  7#d7
 the purchasing or selling of foreign   
exchange1 securities1 commodity futures1
 or options2  7#e7 the procuring of     
purchasers and sellers described under  
paragraph 7#d7 as principal or agent2 or
  7#f7 any other good or service        
provided by a ,united ,states financial 

institution4  7c7 ,penalty ,a ,united   
,states financial institution that      
violates subsection 7a7 shall be subject
 to the penalties described in the      
applicable statute1 regulation or order 
applicable to a ,united ,states         
financial ,institution4  7d7 ,united    
,states financial institution defined   
,in this section1 the term ,united      
,states financial institution has the   
meaning given the term ,u4,s4 financial 
institution under section #efa4cji of   
title #ca1 ,code of ,federal            
,regulations4