S. 1764 — Introduced in Senate

II 117th CONGRESS 1st Session S. 1764 IN THE SENATE OF THE UNITED STATES May 20, 2021Mr. Cramer (for himself, Mr. Tillis, Mr. Grassley, Mr. Daines, Mr. Braun, Mr. Marshall, Mr. Scott of Florida, Mrs. Hyde-Smith, Mrs. Capito, Mr. Cornyn, Ms. Ernst, Mr. Hoeven, Mr. Cassidy, and Mr. Wicker) introduced the following bill; which was read twice and referred to the Committee on Foreign Relations A BILL To expand the Protecting Europe's Energy Security Act of 2019 and require the reinstatement of sanctions waived with respect to Nord Stream 2 AG and corporate officers of Nord Stream 2 AG. 1. Short title This Act may be cited as the Protecting Our Well-being by Expanding Russian Sanctions Act or the POWERS Act. 2. Expansion of Protecting Europe's Energy Security Act of 2019 Section 7503(a)(1)(B) of the Protecting Europe’s Energy Security Act of 2019 (title LXXV of Public Law 116–92; 22 U.S.C. 9526 note) is amended— (1) in clause (iv), by striking ; or and inserting a semicolon; (2) in clause (v), by striking ; and and inserting ; or; and (3) by adding at the end the following: (vi) engaged in any transaction with any foreign person described in any of clauses (i) through (v); and . 3. Reinstatement of waived sanctions Any sanctions under section 7503 of the Protecting Europe’s Energy Security Act of 2019 (title LXXV of Public Law 116–92; 22 U.S.C. 9526 note) or any other provision of law waived with respect to Nord Stream 2 AG or any corporate officer of Nord Stream 2 AG before the date of the enactment of this Act— (1) shall be reinstated; and (2) notwithstanding subsection (f) of that section, may not be waived except pursuant to an Act of Congress.