KREMLIN Act

Hozzl · 2022-12-29T17:18:49Z

Explore the details of House Bill 7991 KREMLIN Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Government Operations and Politics. Stay informed on legislative developments.

12/29/2022, 5:18 PM

Summary of Bill HR 7991

Bill 117 HR 7991, also known as the KREMLIN Act, is a piece of legislation introduced in the US Congress with the aim of countering Russian influence and aggression. The bill focuses on imposing sanctions on individuals and entities that are involved in corrupt activities or human rights abuses in Russia.

The KREMLIN Act also seeks to enhance transparency and accountability in the US financial system by requiring the disclosure of beneficial ownership information for companies registered in the United States. This provision is intended to prevent Russian oligarchs and other individuals with ties to the Kremlin from using US financial institutions to launder money or evade sanctions.

Additionally, the bill includes measures to support democratic institutions and civil society in Russia, as well as to promote media freedom and combat disinformation. It also calls for increased coordination with US allies and partners to address common security challenges posed by Russia. Overall, the KREMLIN Act represents a bipartisan effort to push back against Russian aggression and protect US national security interests. It is currently being debated in Congress and may undergo further revisions before being voted on.

Congressional Summary of HR 7991

Keeping Russia's Energy and Military Liable for Invading its Neighbors Act or the KREMLIN Act

This bill temporarily prohibits federal agencies from contracting with persons that have business operations with the government of Russia or with fossil fuel companies that operate there, with exceptions where necessary to provide humanitarian assistance or disaster relief or where vital to U.S. national security interests.

The bill terminates the prohibition when the President submits to specified congressional committees a written certification determining that Russia

has reached an agreement relating to the withdrawal of Russian forces and cessation of military hostilities that is accepted by the Ukrainian government,
poses no immediate military threat of aggression to any North Atlantic Treaty Organization member, and
recognizes the right of the people of Ukraine to independently and freely choose their own government.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 7991

Bill HR 7991 is currently in the status of Bill Introduced since June 8, 2022. Bill HR 7991 was introduced during Congress 117 and was introduced to the House on June 8, 2022. Bill HR 7991's most recent activity was Referred to the House Committee on Oversight and Reform. as of June 8, 2022

Bipartisan Support of Bill HR 7991

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7991

Primary Policy Focus

Government Operations and Politics

Potential Impact Areas

- Alliances

- Coal

- Collective security

- Conflicts and wars

- Congressional oversight

- Europe

- Foreign and international corporations

- International Affairs

- Military operations and strategy

- Oil and gas

- Pipelines

- Public contracts and procurement

- Russia

- Sanctions

- Sovereignty, recognition, national governance and status

- Ukraine

Alternate Title(s) of Bill HR 7991

KREMLIN Act

Keeping Russia’s Energy and Military Liable for Invading its Neighbors Act

To prohibit contracting with persons that have business operations with the Government of the Russian Federation or the Russian energy sector, and for other purposes.