To secure a peaceful resolution to the Russia-Ukraine conflict by requiring the Secretary of the Treasury to prohibit, or impose strict conditions on, the opening or maintaining in the United States of a correspondent account or a payable-through account by certain foreign financial institutions, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill reduces a tariff, trade restriction provision: 2. Findings Congress finds the following: During the night of March 6–7, 2025, only one week after the President called for peace between Russia and Ukraine, the Russian, adds or tightens a compliance mandate, trade restriction, delegation of rulemaking provision: 3, and adds or tightens a reporting req, compliance mandate provision: 4. Determination required. It relies on compliance mandates, reporting requirements, trade restrictions, and tariffs. The main policy areas are Energy, Finance, and Defense.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Reduces a tariff, trade restriction provision: 2. Findings Congress finds the following: During the night of March 6–7, 2025, only one week after the President called for peace between Russia and Ukraine, the Russian...
- Adds or tightens a compliance mandate, trade restriction, delegation of rulemaking provision: 3.
- Adds or tightens a reporting req, compliance mandate provision: 4. Determination required.
- Requires loosens a reporting req, compliance mandate, exemption provision: 5.
- Adds or tightens a reporting req, compliance mandate provision: 6.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill reduces a tariff, trade restriction provision: 2. Findings Congress finds the following: During the night of March 6–7, 2025, only one week after the President called for peace between Russia and Ukraine, the Russian, adds or tightens a compliance mandate, trade restriction, delegation of rulemaking provision: 3, and adds or tightens a reporting req, compliance mandate provision: 4. Determination required.
Key Policy Areas
Energy, Finance, Defense
Primary Purpose
The bill reduces a tariff, trade restriction provision: 2. Findings Congress finds the following: During the night of March 6–7, 2025, only one week after the President called for peace between Russia and Ukraine, the Russian, adds or tightens a compliance mandate, trade restriction, delegation of rulemaking provision: 3, and adds or tightens a reporting req, compliance mandate provision: 4. Determination required.
Policy Domains
Sponsors
Legislative Progress
IntroducedMr. Nunn of Iowa (for himself and Mr. Gottheimer) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology