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BREAK PUTIN Act of 2022

3/13/2024, 10:51 AM

Congressional Summary of S 5058

Breaking Russia's Energy Addicted Kleptocracy and Punishing Uncivil Tyrant Invading Neighbor Act of 2022 or the BREAK PUTIN Act of 2022

This bill requires the President to take steps to sanction entities involved in the purchase of crude oil produced in Russia and to increase the production and refining of crude oil in the United States.

Specifically, the bill requires the President to block the U.S. property of (1) any foreign person who knowingly purchased Russian crude oil; or (2) any foreign financial institutions, insurance companies, brokering services, international trading houses, port operators, or shipping companies that facilitated any significant financial transaction for the purchase of Russian crude oil. The bill also directs the President to establish a task force to combat evasion of these sanctions.

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Current Status of Bill S 5058

Bill S 5058 is currently in the status of Bill Introduced since September 29, 2022. Bill S 5058 was introduced during Congress 117 and was introduced to the Senate on September 29, 2022.  Bill S 5058's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of September 29, 2022

Bipartisan Support of Bill S 5058

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5058

Primary Policy Focus

International Affairs

Potential Impact Areas

- Foreign Trade and International Finance

Alternate Title(s) of Bill S 5058

BREAK PUTIN Act of 2022
BREAK PUTIN Act of 2022
Breaking Russia’s Energy Addicted Kleptocracy and Punishing Uncivil Tyrant Invading Neighbor Act of 2022
A bill to require the imposition of sanctions with respect to purchases of crude oil from the Russian Federation.

Comments

Sponsors and Cosponsors of S 5058

Bill Cassidy
Bill Cassidy
LouisianaRepublican

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