{"format":1,"id":"117-hr-7066","congress":117,"number":"H.R. 7066","kind":"bill","group":"bills","title":"Russia and Belarus Financial Sanctions Act of 2022","title_source":"Short Title(s) as Passed House","official_title":"To require United States financial institutions to ensure entities and persons owned or controlled by the institution comply with financial sanctions on the Russian Federation and the Republic of Belarus to the same extent as the institution itself, and for other purposes.","titles":[{"type":"Official Title as Introduced","title":"To require United States financial institutions to ensure entities and persons owned or controlled by the institution comply with financial sanctions on the Russian Federation and the Republic of Belarus to the same extent as the institution itself, and for other purposes."},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"Russia and Belarus Financial Sanctions Act of 2022"},{"type":"Display Title","title":"Russia and Belarus Financial Sanctions Act of 2022"},{"type":"Short Title(s) as Passed House","title":"Russia and Belarus Financial Sanctions Act of 2022"},{"type":"Short Title(s) as Reported to House","title":"Russia and Belarus Financial Sanctions Act of 2022"},{"type":"Short Title(s) as Introduced","title":"Russia and Belarus Financial Sanctions Act"}],"outcome":"passed_house","law_number":null,"introduced":"2022-03-11","chambers":{"house":{"status":"roll_call","date":"2022-05-11","vote":{"id":"117-2022-h159","question":"On Motion to Suspend the Rules and Pass, as Amended","title":"Russia and Belarus Financial Sanctions Act","result":"Passed","yea":418,"nay":2,"present":0,"not_voting":8,"source":"https://clerk.house.gov/evs/2022/roll159.xml"}},"senate":{"status":"na","date":null,"vote":null}},"president":{"status":"na","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","date":"2022-05-12"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2022-05-11","stage":"Passed House","blocks":[{"k":"h","t":"Russia and Belarus Financial Sanctions Act of 2022"},{"k":"p","t":"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."}],"words":51},"summary":{"main_subject":{"text":"Requires United States financial institutions to take all necessary and available actions to cause entities and persons they own or control to comply with Russia and Belarus sanctions-related prohibitions and limitations to the same extent as the institution.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/7066/text/eh#H598773AD19364455822C5FCE1FE46E99"}]},"core_areas":["Compliance with Russia and Belarus financial sanctions by entities owned or controlled by United States financial institutions"],"what_it_does":[{"text":"Requires a United States financial institution to take all actions necessary and available to cause any entity or person it owns or controls to comply with the covered sanctions provisions to the same extent as required of a United States financial institution.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/7066/text/eh#H598773AD19364455822C5FCE1FE46E99"}},{"text":"Covers any prohibition or limitation in a sanctions-related statute, regulation or order applicable to a United States financial institution concerning the Russian Federation or the Republic of Belarus.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/7066/text/eh#H598773AD19364455822C5FCE1FE46E99"}},{"text":"Lists the covered activities: conducting transactions, accepting deposits, making, granting, transferring, holding or brokering loans or credits, buying or selling foreign exchange, securities, commodity futures or options, procuring purchasers and sellers of those, and any other good or service provided by a United States financial institution.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/7066/text/eh#H598773AD19364455822C5FCE1FE46E99"}},{"text":"Subjects a United States financial institution that violates the requirement to the penalties described in the applicable statute, regulation or order.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/7066/text/eh#H598773AD19364455822C5FCE1FE46E99"}},{"text":"Defines \"United States financial institution\" as a U.S. entity, including its foreign branches, engaged in deposit-taking, lending, or buying and selling foreign exchange, securities, futures or options, and lists types such as banks, trust companies, insurance companies and securities brokers and dealers.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/7066/text/eh#H598773AD19364455822C5FCE1FE46E99"}}],"unexpected":[],"version":{"type":"Engrossed in House","date":"2022-05-11","rule":"passed","href":"https://www.congress.gov/bill/117th-congress/house-bill/7066/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-15","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/117th-congress/house-bill/7066","text":"https://www.congress.gov/bill/117th-congress/house-bill/7066/text"},"card":{"image":"card/item/117-hr-7066.png","v":"961d9c1809f7","alt":"Votes on Record. H.R. 7066, 117th Congress: Russia and Belarus Financial Sanctions Act of 2022. House: 418 Yea, 2 Nay. Outcome: Passed House, 11 May 2022."}}