,,ii  #aag? ,,congress  #b;d ,session   
,s4 #chgg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #ag1 #bjbb,mr4    
,rubio 7= himself1 ,mr4 ,"y1 & ,mr4     
,scott ( ,florida7 introduc$ ! foll[+   
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,to require !      
imposition ( sanctions ) respect to     
,*9ese f9ancial in/itutions t cle>1     
v]ify1 or settle transactions ) ,russian
 or ,russian-controll$ f9ancial         
in/itutions4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,crippl+ ,unh+$ ,russian
 ,bellig]5ce & ,*9ese ,involvem5t 9     
,put9's ,s*emes ,act ( #bjbb or ! ,,curb
 ,,cips ,act ( #bjbb4  #b4 ,imposition (
 sanctions ) respect to ,*9ese f9ancial 
in/itutions t cle>1 v]ify1 or settle    
transactions ) ,russian or              
,russian-controll$ f9ancial in/itutions 
7a7 ,9 g5]al ,! ,secret>y ( ! ,treasury 
%all1 9 consultation ) ! ,secret>y (    
,/ate1 impose "o or bo? ( ! sanctions   
describ$ 9 subsection 7b7 ) respect to  

ea* ,*9ese f9ancial in/itution t uses ! 
,cross-,bord] ,int]bank ,paym5t ,sy/em  
7commonly ref]r$ to z ,,cips7 or !      
,sy/em = ,transf] ( ,f9ancial ,messages 
7commonly ref]r$ to z ,,spfs7 to cle>1  
v]ify1 settle1 or o!rwise conduct       
transactions ) any ,russian f9ancial    
in/itution or cov]$ f9ancial in/itution4
  7b7 ,sanctions describ$ ,! sanctions t
 may be impos$ ) respect to a ,*9ese    
f9ancial in/itution subject to          
subsection 7a7 include ! foll[+3 7#a7   
,prop]ty block+ ,! ,secret>y ( !        
,treasury may block & prohibit1 pursuant
 to ! ,int]national ,em]g5cy ,economic  
,p[]s ,act 7#ej ,u4,s4,c4 #agja et      
seq471 all transactions 9 all prop]ty & 
int]e/s 9 prop]ty ( ! ,*9ese f9ancial   
in/itution if su* prop]ty & int]e/s 9   
prop]ty are 9 ! ,unit$ ,/ates1 come )9 !
 ,unit$ ,/ates1 or are or come )9 !     
possession or control ( a ,unit$ ,/ates 
p]son4  7#b7 ,re/rictions on            
correspond5t & payable-?r\gh acc\nts ,! 
,secret>y may prohibit ! op5+ or ma9ta9+

 9 ! ,unit$ ,/ates ( a correspond5t     
acc\nt or a payable-?r\gh acc\nt by !   
,*9ese f9ancial in/itution4  7c7        
,implem5tation2 p5alties  7#a7          
,implem5tation ,! ,secret>y may ex]cise 
all au?orities provid$ "u sections #bjc 
& #bje ( ! ,int]national ,em]g5cy       
,economic ,p[]s ,act 7#ej ,u4,s4,c4     
#agjb & #agjd7 to c>ry out ?is section4 
7#b7 ,p5alties ,a p]son t violates1     
attempts to violate1 conspires to       
violate1 or causes a violation ( ?is    
section or any regulation1 lic5se1 or   
ord] issu$ to c>ry out ?is section %all 
be subject to ! p5alties set =? 9       
subsections 7b7 & 7c7 ( section #bjf ( !
 ,int]national ,em]g5cy ,economic ,p[]s 
,act 7#ej ,u4,s4,c4 #agje7 to ! same    
ext5t z a p]son t commits an unlawful   
act describ$ 9 subsection 7a7 ( t       
section4  7d7 ,exceptions  7#a7         
,exception = intellig5ce activities ,?is
 section %all n apply ) respect to      
activities subject to ! report+         
requirem5ts "u title ,v ( ! ,national   

,security ,act ( #aidg 7#ej ,u4,s4,c4   
#cjia et seq47 or any au?oriz$          
intellig5ce activities ( ! ,unit$       
,/ates4  7#b7 ,exception relat+ to      
importation ( goods  7,a7 ,9 g5]al ,!   
au?ority to block & prohibit all        
transactions 9 all prop]ty & int]e/s 9  
prop]ty "u subsection 7b7 %all n include
 ! au?ority or a requirem5t to impose   
sanctions on ! importation ( goods4     
7,b7 ,good ,9 ?is p>agraph1 ! t]m good  
means any article1 natural or man-made  
sub/ance1 mat]ial1 supply or manufactur$
 product1 includ+ inspection & te/      
equipm5t1 & exclud+ te*nical data4  7e7 
,regulations ,n lat] ?an #ij days aft] !
 date ( ! enactm5t ( ?is ,act1 !        
,secret>y %all prescribe su* regulations
 z are necess>y to c>ry out ?is section4
  7f7 ,report requir$  7#a7 ,9 g5]al ,n 
lat] ?an #ahj days aft] ! date ( !      
enactm5t ( ?is ,act1 ! ,secret>y %all1 9
 consultation ) ! ,secret>y ( ,/ate1    
submit to ! appropriate congressional   
committees a report-- 7,a7 describ+ !   

scope & usage ( ,,cips & ,,spfs ar\nd ! 
_w1 includ+ usage rates by c\ntry2  7,b7
 assess+ ! risks t widespread adoption (
 ,,cips or ,,spfs poses to ! national   
security ( ! ,unit$ ,/ates2 &  7,c7 mak+
 recomm5dations to fur!r pres]ve &      
/r5g!n ! influ5ce ( ! ,unit$ ,/ates 9 ! 
global f9ancial sy/em4  7#b7 ,=m ,ea*   
report requir$ by p>agraph 7#a7 %all be 
submitt$ 9 unclassifi$ =m b may include 
a classifi$ annex4  7g7 ,def9itions ,9  
?is section3 7#a7 ,acc\nt2 correspond5t 
acc\nt2 payable-?r\gh acc\nt ,! t]ms    
acc\nt1 correspond5t acc\nt1 &          
payable-?r\gh acc\nt h ! mean+s giv5 ^? 
t]ms 9 section #ecah;,a ( title #ca1    
,unit$ ,/ates ,code4  7#b7 ,appropriate 
congressional committees ,! t]m         
appropriate congressional committees    
means-- 7,a7 ! ,committee on ,bank+1    
,h\s+1 & ,urban ,affairs1 ! ,committee  
on ,=eign ,relations1 & ! ,select       
,committee on ,intellig5ce ( ! ,s5ate2 &
  7,b7 ! ,committee on ,f9ancial        
,s]vices1 ! ,committee on ,=eign        

,affairs1 & ! ,p]man5t ,select          
,committee on ,intellig5ce ( ! ,h\se (  
,repres5tatives4  7#c7 ,*9ese f9ancial  
in/itution ,! t]m ,*9ese f9ancial       
in/itution means a f9ancial in/itution--
 7,a7 organiz$ "u ! laws ( ! ,p's       
,republic ( ,*9a or any jurisdiction )9 
! ,p's ,republic ( ,*9a1 includ+ a =eign
 bran* ( su* an in/itution2  7,b7 locat$
 9 ! ,p's ,republic ( ,*9a2  7,c7 :]ev] 
locat$1 own$1 or controll$ by !         
,gov]nm5t ( ! ,p's ,republic ( ,*9a2 or 
7,d7 :]ev] locat$1 own$1 or controll$ by
 a f9ancial in/itution describ$ 9       
subp>agraph 7,a71 7,b71 or 7,c74  7#d7  
,cov]$ f9ancial in/itution ,! t]m cov]$ 
f9ancial in/itution means a f9ancial    
in/itution-- 7,a7 locat$ 9 t]ritory     
controll$ by an entity hold+ itself out 
to be ! ,gov]nm5t ( ! ,republic ( ,s\?  
,ossetia--! ,/ate ( ,alania1 ! ,donetsk 
,p's ,republic1 ! ,luhansk ,p's         
,republic1 ! ,republic ( ,abkhazia1 or !
 ,pridne/rovian ,moldavian ,republic2   
7,b7 organiz$ "u ! laws ( an entity     

describ$ 9 subp>agraph 7,a72  7,c7 :]ev]
 locat$1 own$1 or controll$ by su* an   
entity2 or  7,d7 :]ev] locat$1 own$1 or 
controll$ by a f9ancial in/itution      
describ$ 9 subp>agraph 7,a71 7,b71 or   
7,c74  7#e7 ,f9ancial in/itution ,! t]m 
f9ancial in/itution means a f9ancial    
in/itution specifi$ 9 subp>agraph 7,a71 
7,b71 7,c71 7,d71 7,e71 7,f71 7,g71     
7,h71 7,i71 7,j71 7,m71 or 7,y7 (       
section #ecab7;a77#b7 ( title #ca1      
,unit$ ,/ates ,code4  7#f7 ,russian     
f9ancial in/itution ,! t]m ,russian     
f9ancial in/itution means a f9ancial    
in/itution-- 7,a7 organiz$ "u ! laws ( !
 ,russian ,f$]ation or any jurisdiction 
)9 ! ,russian ,f$]ation1 includ+ a =eign
 bran* ( su* an in/itution2  7,b7 locat$
 9 ! ,russian ,f$]ation2  7,c7 :]ev]    
locat$1 own$1 or controll$ by !         
,gov]nm5t ( ! ,russian ,f$]ation2 or    
7,d7 :]ev] locat$1 own$1 or controll$ by
 a f9ancial in/itution describ$ 9       
subp>agraph 7,a71 7,b71 or 7,c74