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22 U.S.C. § 8924 — Sanctions on Russian and other foreign financial institutions
Federal law — U.S. Code and appendices · legal_authorities
**(a) Facilitation of certain defense- and energy-related transactions** The President shall impose, unless the President determines that it is not in the national interest of the United States to do so, the sanction described in subsection (c) with respect to a foreign financial institution that the President determines knowingly engages, on or after August 2, 2017, in significant transactions involving activities described in subparagraph (A)(ii) or (B) of [section 8923(a)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section8923/a/2&num=0&edition=prelim) or paragraph (1) or (3) of [section 8923(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section8923/b&num=0&edition=prelim) for persons with respect to which sanctions are imposed under [section 8923 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section8923&num=0&edition=prelim).
**(b) Facilitation of financial transactions on behalf of specially designated nationals** The President shall impose, unless the President determines that it is not in the national interest of the United States to do so, the sanction described in subsection (c) with respect to a foreign financial institution if the President determines that the foreign financial institution has, on or after the date that is 30 days after August 2, 2017, knowingly facilitated a significant financial transaction on behalf of any Russian person included on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury, pursuant to—
(1) this chapter;
(2) Executive Order No. 13660 (79 Fed. Reg. 13,493), 13661 (79 Fed. Reg. 15,535), or 13662 (79 Fed. Reg. 16,1
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Source file: Laws/federal/codes/united-states-code/title-22/section-8924-sanctions-on-russian-and-other-foreign-financial-institutions--07c18f09f8.md
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Source location: Title 22, Chapter 96A, § 8924; chapter-96a-ukraine-freedom-support.md
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**(a) Facilitation of certain defense- and energy-related transactions** The President shall impose, unless the President determines that it is not in the national interest of the United States to do so, the sanction described in subsection (c) with respect to a foreign financial institution that the President determines knowingly engages, on or after August 2, 2017, in significant transactions involving activities described in subparagraph (A)(ii) or (B) of [section 8923(a)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section8923/a/2&num=0&edition=prelim) or paragraph (1) or (3) of [section 8923(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section8923/b&num=0&edition=prelim) for persons with respect to which sanctions are imposed under [section 8923 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section8923&num=0&edition=prelim).
**(b) Facilitation of financial transactions on behalf of specially designated nationals** The President shall impose, unless the President determines that it is not in the national interest of the United States to do so, the sanction described in subsection (c) with respect to a foreign financial institution if the President determines that the foreign financial institution has, on or after the date that is 30 days after August 2, 2017, knowingly facilitated a significant financial transaction on behalf of any Russian person included on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury, pursuant to—
(1) this chapter;
(2) Executive Order No. 13660 (79 Fed. Reg. 13,493), 13661 (79 Fed. Reg. 15,535), or 13662 (79 Fed. Reg. 16,169); or
(3) any other Executive order addressing the crisis in Ukraine.
**(c) Sanction described** The sanction described in this subsection is, with respect to a foreign financial institution, a prohibition on the opening, and a prohibition or the imposition of strict conditions on the maintaining, in the United States of a correspondent account or a payable-through account by the foreign financial institution.
**(d) National security waiver** The President may waive the application of sanctions under this section with respect to a foreign financial institution if the President—
(1) determines that the waiver is in the national security interest of the United States; and
(2) submits to the appropriate congressional committees a report on the determination and the reasons for the determination.
**(e) Notification to Congress on imposition of sanctions** The President shall notify the appropriate congressional committees in writing not later than 15 days after imposing sanctions with respect to a foreign financial institution under subsection (a) or (b).
**(f) Implementation; penalties**
(1) **Implementation** — The President may exercise all authorities provided under sections 1702 and 1704 of title 50 to carry out the purposes of this section.
(2) **Penalties** — The penalties provided for in subsections (b) and (c) of [section 1705 of title 50](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1705&num=0&edition=prelim) shall apply to a person that violates, attempts to violate, or conspires to violate, or causes a violation of, subsection (a) or (b) of this section, or an order or regulation prescribed under either such subsection, to the same extent that such penalties apply to a person that commits an unlawful act described in [section 1705(a) of title 50](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1705/a&num=0&edition=prelim).
**(g) Termination** This section, and sanctions imposed under this section, shall terminate on the date on which the President submits to the appropriate congressional committees the certification described in [section 8923(i) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section8923/i&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Any authority granted to the President by [section 1702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1702&num=0&edition=prelim) may be exercised to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States, if the President declares a national emergency with respect to such threat.
**(b)** The authorities granted to the President by [section 1702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1702&num=0&edition=prelim) may only be exercised to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared for purposes of this chapter and may not be exercised for any other purpose. Any exercise of such authorities to deal with any new threat shall be based on a new declaration of national emergency which must be with respect to such threat.
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 1701
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Sanctions relating to the defense sector**
(1) **Rosoboronexport** — Except as provided in subsection (d), not later than 30 days after December 18, 2014, the President shall impose 3 or more of the sanctions described in subsection (c) with respect to Rosoboronexport.
(2) **Russian producers, transferors, or brokers of defense articles** — Except as provided in subsection (d), on and after the date that is 45 days after December 18, 2014, the President shall impose 3 or more of the sanctions described in subsection (c) with respect to a foreign person the President determines—
(A) is an entity—
(i) owned or controlled by the Government of the Russian Federation or owned or controlled by nationals of the Russian Federation; and
(ii) that—
(I) knowingly manufactures or sells defense articles transferred into Syria or into the territory of a specified country without the consent of the internationally recognized government of that country;
(II) transfers defense articles into Syria or into the territory of a specified country without the consent of the internationally recognized government of that country; or
(III) brokers or otherwise assists in the transfer of defense articles into Syria or into the territory of a specified country without the consent of the internationally recognized government of that country; or
(B) knowingly, on or after December 18, 2014, assists, sponsors, or provides financial, material, or technological support for, or goods or services to or in support of, an entity described in subparagraph (A) with respect to an activity described in clause (ii) of that subparagraph.
(3) **Specified country defined**
(A) *In general* — In this subsection, the term “specified country” means—
(i) Ukraine, Ge
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 8923
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Unlawful acts** It shall be unlawful for a person to violate, attempt to violate, conspire to violate, or cause a violation of any license, order, regulation, or prohibition issued under this chapter.
**(b) Civil penalty** A civil penalty may be imposed on any person who commits an unlawful act described in subsection (a) in an amount not to exceed the greater of—
(1) $250,000; or
(2) an amount that is twice the amount of the transaction that is the basis of the violation with respect to which the penalty is imposed.
**(c) Criminal penalty** A person who willfully commits, willfully attempts to commit, or willfully conspires to commit, or aids or abets in the commission of, an unlawful act described in subsection (a) shall, upon conviction, be fined not more than $1,000,000, or if a natural person, may be imprisoned for not more than 20 years, or both.
**(d) Statute of limitations**
(1) **Time for commencing proceedings**
(A) *In general* — An action, suit, or proceeding for the enforcement of any civil fine, penalty, or forfeiture, pecuniary or otherwise, under this section shall not be entertained unless commenced within 10 years after the latest date of the violation upon which the civil fine, penalty, or forfeiture is based.
(B) *Commencement* — For purposes of this paragraph, the commencement of an action, suit, or proceeding includes the issuance of a pre-penalty notice or finding of violation.
(2) **Time for indictment** — No person shall be prosecuted, tried, or punished for any offense under subsection (c) unless the indictment is found or the information is instituted within 10 years after the latest date of the violation upon which the indictment or information is based.
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 1705
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Federal law — U.S. Code and appendices · legal_authorities
Page 2170
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 8924
The motion is not subject to a motion to postpone.
A motion to reconsider the vote by which the mo-
tion is agreed to or disagreed to shall not be in
order. If a motion to proceed to the consideration of
the joint resolution of disapproval is agreed to, the
joint resolution shall remain the unfinished busi-
ness until disposed of.
‘‘(D) DEBATE.—Debate on the joint resolution of
disapproval, and on all debatable motions and ap-
peals in connection therewith, shall be limited to
not more than 10 hours, which shall be divided
equally between the majority and minority leaders
or their designees. A motion to further limit debate
is in order and not debatable. An amendment to, or
a motion to postpone, or a motion to proceed to the
consideration of other business, or a motion to re-
commit the joint resolution of disapproval is not in
order.
‘‘(E) VOTE ON PASSAGE.—The vote on passage shall
occur immediately following the conclusion of the
debate on the joint resolution of disapproval and a
single quorum call at the conclusion of the debate,
if requested in accordance with the rules of the
Senate.
‘‘(F) RULES OF THE CHAIR ON PROCEDURE.—Appeals
from the decisions of the Chair relating to the ap-
plication of the rules of the Senate, as the case may
be, to the procedure relating to the joint resolution
of disapproval shall be decided without debate.
‘‘(G) CONSIDERATION OF VETO MESSAGES.—Debate
in the Senate of any veto message with respect to
the joint resolution of disapproval, including all de-
batable motions and appeals in connection with
such joint resolution, shall be limited to 10 hours,
to be equally divided between, and controlled by,
the majority leader and the minority leader or
t
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 8924
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