To prohibit trade with the Russian Federation, and for other purposes.
About This Bill
Committee
Latest Action · March 8, 2022
Referred to the Committee on Ways and Means, and in addition to the Committees on Foreign Affairs, and 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.
Russia Trade and Investment Ban Act
This bill requires the President to establish and maintain a total embargo on all trade with Russia, Crimea, and the regions of Donetsk and Luhansk in Ukraine.
Additionally, the bill prohibits the purchase or sale (except for divestment purposes) of any publicly traded securities or related derivatives of entities incorporated in Russia, Crimea, or the regions of Donetsk and Luhansk in Ukraine, or their affiliates.
The bill prohibits a U.S. person or person within the United States from evading or avoiding sanctions provided for by the bill.
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