,,ii #aagth ,,congress #b;d ,session ,s4 #cged ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #c1 #bjbb,mr4 ,markey introduced the following bill2 which was read twice and referred to the ,committee on ,foreign ,relations ,a ,,bill ,to prohibit the importation of crude oil and petroleum products from the ,russian ,federation1 to impose sanctions with respect to persons involved in the importation of such crude oil and petroleum products who have engaged in acts of corruption or who are responsible for serious human rights abuses1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,severing ,putin's ,immense ,gains from ,oil ,transfers ,act of #bjbb or the ,,spigot ,act of #bjbb4 #b4 ,findings ,congress makes the following findings3 7#a7 ,in ,february #bjbb1 the ,russian ,federation launched a large scale invasion of ,ukraine that violated ,ukraine's sovereignty and territorial integrity4 7#b7 ,in #bjba1 the ,russian ,federation became the second-largest exporter of crude oil and petroleum products to the ,united ,states1 after ,canada4 7#c7 ,in #bjbj1 #g percent of all petroleum imports to the ,united ,states came from the ,russian ,federation1 which is more than was imported from the ,kingdom of ,saudi ,arabia4 7#d7 ,the ,united ,states private sector imported #hdh1jjj barrels of oil from the ,russian ,federation per day in ,june #bjba4 7#e7 ,from ,january through ,december #bjba1 the ,united ,states imported #bde1aid1jjj barrels of oil from the ,russian ,federation1 which at an annual average of #ga per barrel equals approximately #ag1djj1jjj1jjj in oil imports4 7#f7 ,as of ,february #bjbb1 oil prices have risen to #ib per barrel4 7#g7 ,according to the ,ministry of ,finance of the ,russian ,federation1 #cf percent of all revenue of the ,government of the ,russian ,federation came from the oil and gas sector in #bjba4 ,in #bjai and #bjbj1 the overall percentage of revenue of that ,government that came from the oil and gas sector reached #ci and #bh percent1 respectively4 7#h7 ,the ,president of the ,russian ,federation1 ,vladimir ,putin1 relies on a network of government officials1 heads of state-owned enterprises1 and business leaders to maintain his grasp on power4 7#i7 ,russian-owned energy entities that have ties to individuals aligned with ,putin see benefits from reliance by the ,united ,states on imports of crude oil and petroleum products from the ,russian ,federation4 7#aj7 ,in early #bjba1 political prisoner ,alexei ,navalny's ,anti-,corruption ,foundation outlined some of the corrupt linkages between ,russian oil giant ,rosneft1 with key ,putin ally ,igor ,sechin as its head1 and ,vladimir ,putin himself4 7#aa7 ,the ,united ,states ,government has already taken action against individuals with links to the energy sector of the ,russian ,federation1 such as ,igor ,sechin1 ,boris and ,arkady ,rotenberg1 ,kirill ,shamalov1 ,viktor ,vekselberg1 and ,sergey ,frusenko1 under-- 7,a7 the ,global ,magnitsky ,human ,rights ,accountability ,act 7subtitle ,f of title ,,xii of ,public ,law #aad-cbh2 #bb ,u4,s4,c4 #bfef note72 7,b7 ,executive ,orders #acffa and #acffb 7#ej ,u4,s4,c4 #agja note2 relating to blocking property of additional persons contributing to the situation in ,ukraine71 codified by section #bbb of the ,countering ,america's ,adversaries ,through ,sanctions ,act 7#bb ,u4,s4,c4 #iebb72 and 7,c7 ,executive ,order #acehb 7#ej ,u4,s4,c4 #agja note2 relating to blocking property of the ,government of ,syria and prohibiting certain transactions with respect to ,syria74 7#ab7 ,while sanctions imposed by the ,united ,states in response to the ,russian ,federation's war of aggression against ,ukraine have largely exempted the energy sector1 on ,february #bd1 #bjbb1 the ,united ,states ,government announced action against the following #b additional individuals with links to that sector3 7,a7 ,ivan ,sechin1 son of ,igor ,sechin1 and reportedly a deputy head of a department at ,rosneft4 7,b7 ,andrey ,patrushev1 a leader of ,gazprom ,neft1 and son of ,nikolai ,platonovich ,patrushev1 the ,secretary of the ,russian ,security ,council4 7#ac7 ,despite ongoing ,united ,states imports of crude oil and petroleum products from the ,russian ,federation and existing laws and policies against supporting human rights abuses1 there has been no ,united ,states ,government-led analysis of the linkages between the energy sector of the ,russian ,federation and corruption or human rights abuses4 7#ad7 ,oil imported from the ,russian ,federation contributes to the overall ,united ,states carbon footprint1 which makes up nearly #ae percent of all global greenhouse gas emissions4 7#ae7 ,on ,january #bg1 #bjba1 ,president ,joseph ,r4 ,biden issued ,executive ,order #adjjh 7#hf ,fed4 ,reg4 #gfai2 relating to tackling the climate crisis at home and abroad71 which identifies climate change as an essential element of the foreign policy and national security strategy of the ,united ,states4 7#af7 ,the ,department of ,defense cites climate change as a national security threat1 noting that #ajj percent of geographic combatant commands were affected by climate-related impacts in #bjai1 and more than #a1gjj military installations continue to be threatened by sea-level rise4 ,extreme weather events have caused more than #gif1ajj1jjj1jjj in damage in the ,united ,states during the #e years before the date of the enactment of this ,act alone4 7#ag7 ,president ,biden has set an economy-wide target for the ,united ,states to reduce its net greenhouse gas emissions by #ej to #eb percent below #bjje levels by #bjcj1 which will require decarbonization in the energy1 buildings1 and transportation sectors4 #c4 ,sense of ,congress ,it is a sense of ,congress that-- 7#a7 the reliance of the ,united ,states on oil imported from the ,russian ,federation presents a national security liability2 7#b7 a prohibition on imports of oil from the ,russian ,federation could deprive the ,russian ,federation upwards of #bj1jjj1jjj1jjj or more revenue from the ,united ,states in #bjbb2 7#c7 ,russian energy entities are controlled by ,russian executives and oligarchs with close ties to ,vladimir ,putin1 and profits from the energy sector may be implicated in corruption and in fueling human rights abuses globally and in the ,russian ,federation2 7#d7 the ,united ,states ,government must-- 7,a7 investigate the links described in paragraph 7#b7 to avoid funding activities tied to human rights abuses and corruption through the purchase of oil imported from the ,russian ,federation2 7,b7 issue a moratorium on the importation of oil from the ,russian ,federation until a thorough investigation is complete2 7,c7 develop a comprehensive strategy to replace oil imported from the ,russian ,federation with domestic carbon-free energy sources2 and 7,d7 invest in renewable energy alternatives to replace foreign carbon-intensive energy imports2 and 7#e7 actively decarbonizing the ,united ,states energy economy is of vital strategic interest to the national security and climate change reduction targets of the ,united ,states4 #d4 ,appropriate congressional committees defined ,in this ,act1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,finance1 the ,committee on ,foreign ,relations1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 and the ,committee on ,energy and ,natural ,resources of the ,senate2 and 7#b7 the ,committee on ,ways and ,means1 the ,committee on ,foreign ,affairs1 the ,committee on ,financial ,services1 and the ,committee on ,energy and ,commerce of the ,house of ,representatives4 #e4 ,report on links between ,russian energy entities1 human rights violations1 and corruption 7a7 ,in general ,not later than #ij days after the date of the enactment of this ,act1 and annually thereafter1 the ,secretary of ,state1 in coordination with the ,secretary of ,energy1 the ,secretary of the ,treasury1 the ,secretary of ,defense1 the ,secretary of ,commerce1 and the ,director of ,national ,intelligence1 shall submit to the appropriate congressional committees a report-- 7#a7 identifying which ,russian1 ,united ,states1 and international entities are involved with the importation of crude oil and petroleum products from the ,russian ,federation into the ,united ,states2 7#b7 describing the relationship of those entities1 and members of their executive boards1 with ,vladimir ,putin and other ,russian persons subject to sanctions imposed by the ,united ,states2 7#c7 identifying whether any individuals described in paragraph 7#b7 or entities described in paragraph 7#a7 have engaged in acts of corruption or are responsible for or complicit in1 or have directly or indirectly engaged in1 serious human rights abuses2 7#d7 identifying the ways in which revenue generated from the exportation of crude oil and petroleum products to the ,united ,states and to other countries has helped insulate the ,russian economy since the ,united ,states and international community imposed sanctions in response to the ,russian ,federation's illegal war of aggression against ,ukraine2 7#e7 identifying alternative suppliers for the importation of crude oil and petroleum products1 other than from the ,russian ,federation1 that minimize risks to ,united ,states consumers2 7#f7 a comprehensive strategy to prioritize carbon-free energy sources and reduction of the demand for fossil energy as alternatives to crude oil and petroleum products imported from the ,russian ,federation2 and 7#g7 assessing why ,united ,states entities are choosing to do business with entities described in paragraph 7#a7 and what advantages doing business with such entities presents4 7b7 ,form of report ,the report required by subsection 7a7 shall be submitted in unclassified form but may include a classified annex4 #f4 ,prohibition on importation of crude oil and petroleum products from the ,russian ,federation 7a7 ,in general ,effective on the date that is #cj days after the date of the enactment of this ,act1 the importation of crude oil and petroleum products from the ,russian ,federation into the ,united ,states is prohibited4 7b7 ,presidential waiver 7#a7 ,in general ,the ,president may waive the prohibition under subsection 7a7 for a period of not more than one year if-- 7,a7 the report required by section #e has been submitted to the appropriate congressional committees2 and 7,b7 the ,president submits to the appropriate congressional committees a certification that-- 7i7 the importation of crude oil and petroleum products from the ,russian ,federation does not pose a significant risk to the national security of the ,united ,states2 and 7ii7 a prohibition on the importation of crude oil and petroleum products from the ,russian ,federation would unduly impact energy prices for ,united ,states consumers4 7#b7 ,renewal ,the ,president may renew a waiver issued under paragraph 7#a7 on annual basis if1 before the termination date of the previous waiver-- 7,a7 the most recent report required by section #e has been submitted to the appropriate congressional committees2 and 7,b7 the ,president submits to the appropriate congressional committees a certification described in paragraph 7#a77;,b74 7#c7 ,form of certification ,a certification submitted under paragraph 7#a77;,b7 or 7#b77;,b7 shall be submitted in unclassified form but may include a classified annex4 #g4 ,imposition of sanctions 7a7 ,in general ,upon receiving a report required by section #e1 the ,president shall use the authorities provided by the provisions of law specified in subsection 7b7 to impose sanctions with respect to any foreign individual or entity identified under section #e7;a77#c7 as having engaged in acts of corruption or who are responsible for or complicit in1 or have directly or indirectly engaged in1 serious human rights abuses4 7b7 ,provisions of law specified ,the provisions of law specified in this subsection are the following3 7#a7 ,the ,global ,magnitsky ,human ,rights ,accountability ,act 7subtitle ,f of title ,,xii of ,public ,law #aad-cbh2 #bb ,u4,s4,c4 #bfef note74 7#b7 ,the ,sergei ,magnitsky ,rule of ,law ,accountability ,act of #bjab 7title ,,iv of ,public ,law #aab-bjh2 #bb ,u4,s4,c4 #ehaa note74 7#c7 ,title ,,ii of the ,countering ,america's ,adversaries ,through ,sanctions ,act 7#bb ,u4,s4,c4 #ieja et seq474 7#d7 ,the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq474