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No Energy Revenues for Russian Hostilities Act of 2023

USA118th CongressHR-759| House 
| Updated: 2/2/2023
Andy Barr

Andy Barr

Republican Representative

Kentucky

Cosponsors (1)
Mike D. Rogers (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
No Energy Revenues for Russian Hostilities Act of 2023 This bill prohibits the Department of the Treasury from authorizing certain energy-related transactions involving Russia that would otherwise be blocked by an executive order. An April 15, 2021, executive order blocked certain transactions involving foreign persons (individuals or entities) related to Russia. These include transactions involving persons (1) operating in Russia's defense or technology sectors; (2) involved in Russian government attempts to interfere with the democratic processes of other countries; or (3) engaged in attempts to disrupt energy supplies to Europe, the Caucasus, or Asia. However, Treasury has issued licenses that authorized certain energy-related transactions that would otherwise be blocked by the executive order. The bill prohibits Treasury from authorizing (or continuing to authorize) certain transactions that it had authorized on December 15, 2022, under General License No. 8E . Treasury may waive this prohibition upon certifying to Congress that (1) the waiver applies only to transactions involving funds owed to a Russian person; and (2) the funds are to be used for the sale of agricultural commodities, food, medicine, or medical devices.
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Timeline

Bill from Previous Congress

HR 117-6894
No Energy Revenues for Russian Hostilities Act of 2022
Feb 2, 2023
Introduced in House
Feb 2, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 117-6894
    No Energy Revenues for Russian Hostilities Act of 2022


  • February 2, 2023
    Introduced in House


  • February 2, 2023
    Referred to the House Committee on Financial Services.

International Affairs

No Energy Revenues for Russian Hostilities Act of 2023

USA118th CongressHR-759| House 
| Updated: 2/2/2023
No Energy Revenues for Russian Hostilities Act of 2023 This bill prohibits the Department of the Treasury from authorizing certain energy-related transactions involving Russia that would otherwise be blocked by an executive order. An April 15, 2021, executive order blocked certain transactions involving foreign persons (individuals or entities) related to Russia. These include transactions involving persons (1) operating in Russia's defense or technology sectors; (2) involved in Russian government attempts to interfere with the democratic processes of other countries; or (3) engaged in attempts to disrupt energy supplies to Europe, the Caucasus, or Asia. However, Treasury has issued licenses that authorized certain energy-related transactions that would otherwise be blocked by the executive order. The bill prohibits Treasury from authorizing (or continuing to authorize) certain transactions that it had authorized on December 15, 2022, under General License No. 8E . Treasury may waive this prohibition upon certifying to Congress that (1) the waiver applies only to transactions involving funds owed to a Russian person; and (2) the funds are to be used for the sale of agricultural commodities, food, medicine, or medical devices.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 117-6894
No Energy Revenues for Russian Hostilities Act of 2022
Feb 2, 2023
Introduced in House
Feb 2, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 117-6894
    No Energy Revenues for Russian Hostilities Act of 2022


  • February 2, 2023
    Introduced in House


  • February 2, 2023
    Referred to the House Committee on Financial Services.
Andy Barr

Andy Barr

Republican Representative

Kentucky

Cosponsors (1)
Mike D. Rogers (Republican)

Financial Services Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted