To require a review of whether individuals or entities subject to the imposition of certain sanctions through inclusion on certain sanctions lists should also be subject to the imposition of other sanctions and included on other sanctions lists.
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 requires federal agencies to cross-reference sanctions lists within 60 days, publish determinations in Federal Register, and report non-listings to Congress and requires 30-day notification and 90-day determination for cross-listing on sanctions lists, plus annual compliance reports to Congress. It relies on reporting requirements and compliance mandates. The main policy areas are Finance, Trade, Defense, and Foreign Policy.
Who Benefits and How
Financial compliance service providers could gain revenue opportunities and Financial institutions with sanctions compliance programs could face lower compliance burdens.
Who Bears the Burden and How
Treasury Department (OFAC) would take on compliance duties, Department of Defense would take on compliance duties, and Commerce Department (BIS) would take on compliance duties.
Key Provisions
- Requires federal agencies to cross-reference sanctions lists within 60 days, publish determinations in Federal Register, and report non-listings to Congress.
- Requires 30-day notification and 90-day determination for cross-listing on sanctions lists, plus annual compliance reports to Congress.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires federal agencies to cross-reference sanctions lists within 60 days, publish determinations in Federal Register, and report non-listings to Congress and requires 30-day notification and 90-day determination for cross-listing on sanctions lists, plus annual compliance reports to Congress.
Key Policy Areas
Finance, Trade, Defense, Foreign Policy
Primary Purpose
The bill requires federal agencies to cross-reference sanctions lists within 60 days, publish determinations in Federal Register, and report non-listings to Congress and requires 30-day notification and 90-day determination for cross-listing on sanctions lists, plus annual compliance reports to Congress.
Policy Domains
Whole bill
Identified Gains
- Financial compliance service providers
- Financial institutions with sanctions compliance programs
Identified Costs
- Treasury Department (OFAC)
- Department of Defense
- Commerce Department (BIS)
- Chinese military-industrial companies
- Sanctioned foreign entities
Sponsors
Legislative Progress
Passed HouseRead the second time and placed on the calendar
Passed House (inferred from eh version)
Received; read the first time
Mr. Waltz introduced the following bill; which was referred to …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Commerce Department, Department of Defense, Treasury Department
Chinese military-industrial companies, Sanctioned foreign entities
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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