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Russia and Belarus Financial Sanctions Act of 2022

USA117th CongressHR-7066| House 
| Updated: 5/12/2022
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (2)
Sylvia R. Garcia (Democratic)J. French Hill (Republican)

Commodity Markets, Digital Assets, and Rural Development Subcommittee, Agriculture Committee, Financial Services Committee, Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Russia and Belarus Financial Sanctions Act of 2022 This bill requires a U.S. financial institution to take all necessary and available actions to ensure any entity or person owned or controlled by such institution complies with financial sanctions applicable to Russia or Belarus to the same extent required of that institution.

Bill Text Versions

View Text
4 versions available

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Timeline
Mar 11, 2022
Introduced in House
Mar 11, 2022
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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.
Mar 17, 2022
Ordered to be Reported in the Nature of a Substitute by Voice Vote.
Mar 17, 2022
Committee Consideration and Mark-up Session Held.
Mar 22, 2022
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
May 10, 2022
Placed on the Union Calendar, Calendar No. 239.
May 10, 2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-319, Part I.
May 10, 2022
Committee on Agriculture discharged.
May 10, 2022
Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
May 10, 2022
Considered under suspension of the rules. (consideration: CR H4748-4750)
May 10, 2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 7066.
May 10, 2022
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
May 11, 2022
Considered as unfinished business. (consideration: CR H4838)
May 11, 2022
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 418 - 2 (Roll no. 159). (text: 05/10/2022 CR H4748-4749)
View Vote
May 11, 2022
Motion to reconsider laid on the table Agreed to without objection.
May 12, 2022
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 11, 2022
    Introduced in House


  • March 11, 2022
    Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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.


  • March 17, 2022
    Ordered to be Reported in the Nature of a Substitute by Voice Vote.


  • March 17, 2022
    Committee Consideration and Mark-up Session Held.


  • March 22, 2022
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.


  • May 10, 2022
    Placed on the Union Calendar, Calendar No. 239.


  • May 10, 2022
    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-319, Part I.


  • May 10, 2022
    Committee on Agriculture discharged.


  • May 10, 2022
    Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.


  • May 10, 2022
    Considered under suspension of the rules. (consideration: CR H4748-4750)


  • May 10, 2022
    DEBATE - The House proceeded with forty minutes of debate on H.R. 7066.


  • May 10, 2022
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.


  • May 11, 2022
    Considered as unfinished business. (consideration: CR H4838)


  • May 11, 2022
    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 418 - 2 (Roll no. 159). (text: 05/10/2022 CR H4748-4749)
    View Vote


  • May 11, 2022
    Motion to reconsider laid on the table Agreed to without objection.


  • May 12, 2022
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 117-7163: Sanctioning Putin’s Enablers Act
Bank accounts, deposits, capitalBanking and financial institutions regulationBelarusCredit and credit marketsEuropeForeign and international bankingInternational monetary system and foreign exchangeRussiaSanctionsSecurities

Russia and Belarus Financial Sanctions Act of 2022

USA117th CongressHR-7066| House 
| Updated: 5/12/2022
Russia and Belarus Financial Sanctions Act of 2022 This bill requires a U.S. financial institution to take all necessary and available actions to ensure any entity or person owned or controlled by such institution complies with financial sanctions applicable to Russia or Belarus to the same extent required of that institution.

Bill Text Versions

View Text
4 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 11, 2022
Introduced in House
Mar 11, 2022
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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.
Mar 17, 2022
Ordered to be Reported in the Nature of a Substitute by Voice Vote.
Mar 17, 2022
Committee Consideration and Mark-up Session Held.
Mar 22, 2022
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
May 10, 2022
Placed on the Union Calendar, Calendar No. 239.
May 10, 2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-319, Part I.
May 10, 2022
Committee on Agriculture discharged.
May 10, 2022
Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
May 10, 2022
Considered under suspension of the rules. (consideration: CR H4748-4750)
May 10, 2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 7066.
May 10, 2022
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
May 11, 2022
Considered as unfinished business. (consideration: CR H4838)
May 11, 2022
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 418 - 2 (Roll no. 159). (text: 05/10/2022 CR H4748-4749)
View Vote
May 11, 2022
Motion to reconsider laid on the table Agreed to without objection.
May 12, 2022
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 11, 2022
    Introduced in House


  • March 11, 2022
    Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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.


  • March 17, 2022
    Ordered to be Reported in the Nature of a Substitute by Voice Vote.


  • March 17, 2022
    Committee Consideration and Mark-up Session Held.


  • March 22, 2022
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.


  • May 10, 2022
    Placed on the Union Calendar, Calendar No. 239.


  • May 10, 2022
    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-319, Part I.


  • May 10, 2022
    Committee on Agriculture discharged.


  • May 10, 2022
    Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.


  • May 10, 2022
    Considered under suspension of the rules. (consideration: CR H4748-4750)


  • May 10, 2022
    DEBATE - The House proceeded with forty minutes of debate on H.R. 7066.


  • May 10, 2022
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.


  • May 11, 2022
    Considered as unfinished business. (consideration: CR H4838)


  • May 11, 2022
    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 418 - 2 (Roll no. 159). (text: 05/10/2022 CR H4748-4749)
    View Vote


  • May 11, 2022
    Motion to reconsider laid on the table Agreed to without objection.


  • May 12, 2022
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (2)
Sylvia R. Garcia (Democratic)J. French Hill (Republican)

Commodity Markets, Digital Assets, and Rural Development Subcommittee, Agriculture Committee, Financial Services Committee, Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 117-7163: Sanctioning Putin’s Enablers Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationBelarusCredit and credit marketsEuropeForeign and international bankingInternational monetary system and foreign exchangeRussiaSanctionsSecurities