,,ii  #aagth ,,congress  #b;d ,session  
,s4 #cgcc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #b1     
#bjbb,mr4 ,rubio introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to prohibit investment by      
institutional investors in securities   
issued by ,russian entities4  #a4 ,short
 title ,this ,act may be cited as the   
,instituting ,measures to ,protect      
,american ,investors and ,retirees from 
,russia ,act of #bjbb or the ,,impair   
,russia ,act4  #b4 ,prohibition on      
investment in securities of ,russian    
entities  7a7 ,in general ,an           
institutional investor may not purchase 
a security issued by a ,russian entity  
on or after the date of the enactment of
 this ,act4  7b7 ,implementation2       
penalties  7#a7 ,implementation ,the    
,president may exercise all authorities 
provided under sections #bjc and #bje of
 the ,international ,emergency ,economic

 ,powers ,act 7#ej ,u4,s4,c4 #agjb and  
#agjd7 to carry out subsection 7a74     
7#b7 ,penalties ,a person that violates1
 attempts to violate1 conspires to      
violate1 or causes a violation of       
subsection 7a7 or any regulation1       
license1 or order issued to carry out   
that subsection shall be subject to the 
penalties set forth in subsections 7b7  
and 7c7 of section #bjf of the          
,international ,emergency ,economic     
,powers ,act 7#ej ,u4,s4,c4 #agje7 to   
the same extent as a person that commits
 an unlawful act described in subsection
 7a7 of that section4  7c7 ,definitions 
,in this section3 7#a7 ,institutional   
investor ,the term institutional        
investor means-- 7,a7 an investment     
company1 as defined in section #c of the
 ,investment ,company ,act of #aidj 7#ae
 ,u4,s4,c4 #hj;a-#c71 or any person that
 would be an investment company but for 
the application of paragraph 7#a7 or    
7#g7 of subsection 7c7 of that section2 
7,b7 an insurance company1 as defined in

 section #b7;a7 of the ,investment      
,company ,act of #aidj 7#ae ,u4,s4,c4   
#hj;a-#b7;a772 or  7,c7 a fiduciary1    
within the meaning of section #c7ba7 of 
the ,employee ,retirement ,income       
,security ,act of #aigd 7#bi ,u4,s4,c4  
#ajjb7ba774  7#b7 ,russian entity ,the  
term ,russian entity means an entity    
organized under the laws of the ,russian
 ,federation or otherwise subject to the
 jurisdiction of the ,government of the 
,russian ,federation4