,,ib ,union ,calendar ,no4 #bci #aagth  
,,congress  #b;d ,session  ,h4 ,r4 #gjff
 ,report ,no4 #aag-cai1 ,part ,i ,,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  ,may #aj1          
#bjbb;,additional sponsors3 ,mr4 ,hill  
and ,ms4 ,garcia of ,texas  ,may #aj1   
#bjbb,reported from the ,committee on   
,financial ,services with an            
amendment,strike out all after the      
enacting clause and insert the part     
printed in italic  ,may #aj1            
#bjbb;,committee on ,agriculture        
discharged2 committed to the ,committee 
of the ,whole ,house on the ,state of   
the ,union1 and ordered to be           

printed,for text of introduced bill1 see
 copy of bill as introduced on ,march   
#aa1 #bjbb  ,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 ,act of #bjbb4   
#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 a

 sanctions-related 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 means any 
,u4,s4 entity 7including its foreign    
branches7 that is engaged in the        
business of accepting deposits1 making1 
granting1 transferring1 holding1 or     
brokering loans or credits1 or          
purchasing or selling foreign exchange1 
securities1 futures or options1 or      
procuring purchasers and sellers        
thereof1 as principal or agent4 ,it     
includes depository institutions1 banks1
 savings banks1 money services          
businesses1 operators of credit card    
systems1 trust companies1 insurance     
companies1 securities brokers and       
dealers1 futures and options brokers and
 dealers1 forward contract and foreign  
exchange merchants1 securities and      
commodities exchanges1 clearing         
corporations1 investment companies1     
employee benefit plans1 dealers in      
precious metals1 stones1 or jewels1 and 
,u4,s4 holding companies1 ,u4,s4        
affiliates1 or ,u4,s4 subsidiaries of   
any of the foregoing4 ,this term        

includes those branches1 offices1 and   
agencies of foreign financial           
institutions that are located in the    
,united ,states1 but not such           
institutions' foreign branches1 offices1
 or agencies4  ,may #aj1                
#bjbb;,committee on ,agriculture        
discharged2 committed to the ,committee 
of the ,whole ,house on the ,state of   
the ,union and ordered to be printed