H.R. 7340 — Introduced in House

I 117th CONGRESS 2d Session H. R. 7340 IN THE HOUSE OF REPRESENTATIVES March 31, 2022Mr. Meuser (for himself and Ms. Wild) introduced the following bill; which was referred to the Committee on Foreign Affairs, and in addition to the Committee on the Judiciary, 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 A BILL To provide for congressional oversight of certain sanctions imposed with respect to the Russian Federation. 1. Congressional oversight of certain sanctions imposed with respect to the Russian Federation (a) In general Not later than 60 days after receiving a request from the chairman and ranking member of one of the appropriate congressional committees with respect to whether a person, foreign person, or foreign financial institution, as the case may be, meets the criteria of a person described in a covered Executive order, the President shall— (1) determine if the person, foreign person, or foreign financial institution, as the case may be, meets such criteria; and (2) submit a classified or unclassified report to such chairman and ranking member with respect to such determination that includes a statement of whether or not the President imposed or intends to impose sanctions with respect to such person, foreign person, or foreign financial institution. (b) Definitions In this section: (1) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Foreign Affairs of the House of Representatives; and (B) the Committee on Foreign Relations of the Senate. (2) Covered Executive order The term covered Executive order means— (A) Executive Order 14024 (86 Fed. Reg. 20249; relating to blocking property with respect to specified harmful foreign activities of the Government of the Russian Federation) or any directive issued pursuant to such Executive order; or (B) Executive Order 14039 (86 Fed. Reg. 47205; relating to blocking property with respect to certain Russian energy export pipelines) or any directive issued pursuant to such Executive order.