Referred 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.
The RESCUE Act requires the President to develop a comprehensive strategy within 180 days of enactment, and annually thereafter for four years, to reduce U.S. and allied dependence on Russia's Rosatom nuclear corporation by working with international partners to find alternative nuclear suppliers, identifying vulnerabilities in nuclear supply chains, coordinating sanctions enforcement, and preventing evasion through third parties. The bill also mandates that the President respond within 30 days to requests from congressional committee leaders about whether specific individuals or entities should face sanctions for Russia-related violations or meet sanctions criteria. The Act establishes clear definitions of key terms such as "foreign persons," "United States persons," and "Rosatom" to provide a legal framework for implementing these sanctions and reporting requirements across relevant House and Senate committees focused on foreign affairs and banking.
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