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Politiparty

118th Congress International Affairs

H.R. 8046: Rosatom Sanctions Enforcement Act

In CommitteeMay 16, 2024

  1. Introduced (completed)Apr 17, 2024
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Apr 17, 2024

This bill requires the President to take actions against Russian nuclear suppliers (e.g., Rosatom). (Rosatom is Russia's state nuclear power conglomerate.)

Specifically, the bill requires the President to impose property-blocking sanctions on Rosatom and others, including foreign persons involved in Rosatom’s construction of nuclear reactors.

Additionally, the President must submit to Congress a strategy to (1) replace Rosatom and other Russian nuclear suppliers with those from the United States and U.S. allies and partners, and (2) effect a permanent decoupling from the Russian nuclear industry. Within 60 days of submitting this strategy, the President must issue a directive prohibiting U.S. persons from engaging in any significant transaction with Rosatom and others involved with Rosatom.

Read the full summary

The bill also requires the President to prescribe regulations to prohibit or impose strict conditions with respect to certain financial accounts held by foreign financial institutions.

The bill allows the President to waive the aforementioned sanctions under specified circumstances.

The President must, within 60 days of receiving a request from Congress, determine whether a person or foreign financial institution described in the request meets the criteria to be subject to sanctions imposed in two specified regulations relating to Russia. The President must submit a report to Congress stating whether the President imposed or intends to impose sanctions on persons or institutions described in the request from Congress.

The President must also pause the issuance of export licenses granted under a civil nuclear cooperation agreement with Russia until certain conditions are met.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

9

Bipartisan support.

Who scored on this bill

18 points earned
  1. 1Thomas Kean R-NJ SponsorIntroduced, drew cross-party cosponsors, marked up3 events+18
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Other bills by Thomas Kean

History

  1. Apr 17, 2024Introduced in the House by Thomas Kean.
Show the full action history (4 actions)
  1. May 16, 2024Committee Consideration and Mark-up Session Held
  2. May 16, 2024Ordered to be Reported in the Nature of a Substitute (Amended) by Unanimous Consent.
  3. Apr 17, 2024Introduced in House
  4. Apr 17, 2024Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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.