What this bill does
AI plain-language summaryThis bill sets up a series of penalties against Russia that would kick in if the President determines that Russia refuses to negotiate peace with Ukraine, breaks a peace agreement, invades Ukraine again, or tries to overthrow the Ukrainian government. If the President makes that determination, the bill requires actions like freezing the assets and blocking travel for certain Russian leaders, military commanders, and anyone who provides weapons to Russia's military. It also requires raising taxes on goods imported from Russia — and from countries that trade in Russian uranium or oil — to at least 500% of their value. Additionally, the Treasury Department would have to block Russian financial institutions from doing business, and the Commerce Department would have to stop U.S. energy products from being sent to Russia.
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