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Encouraging companies headquartered in the United States to cease operations and halt future investments in the Russian Federation.

12/29/2022, 10:18 PM

Summary of Bill HRES 996

Bill 117 H.Res. 996, titled "Encouraging companies headquartered in the United States to cease operations and halt future investments in the Russian Federation," is a resolution introduced in the US Congress with the aim of urging American companies to stop doing business in Russia and to refrain from making any future investments in the country.

The resolution highlights concerns about Russia's actions on the international stage, including its annexation of Crimea, involvement in the conflict in Ukraine, and alleged interference in the 2016 US presidential election. It also expresses disapproval of Russia's human rights record, including its treatment of political dissidents and journalists.

The resolution calls on US companies to consider the ethical implications of doing business in Russia and to prioritize human rights and democratic values in their decision-making processes. It also encourages the US government to explore ways to incentivize companies to divest from Russia and to support efforts to hold the Russian government accountable for its actions. Overall, Bill 117 H.Res. 996 is a non-binding resolution that seeks to raise awareness about the ethical considerations of doing business in Russia and to encourage American companies to take a stand against Russia's actions on the international stage.

Congressional Summary of HRES 996

This resolution expresses that the House of Representatives

  • lauds U.S.- headquartered companies that have ceased operations in Russia in response to Vladimir Putin's aggression, and
  • encourages such companies to cease operations in Russia while Vladimir Putin carries out his war of aggression.

Current Status of Bill HRES 996

Bill HRES 996 is currently in the status of Bill Introduced since March 18, 2022. Bill HRES 996 was introduced during Congress 117 and was introduced to the House on March 18, 2022.  Bill HRES 996's most recent activity was Referred to the House Committee on Foreign Affairs. as of March 18, 2022

Bipartisan Support of Bill HRES 996

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
6
Democrat Cosponsors
0
Republican Cosponsors
6
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HRES 996

Primary Policy Focus

International Affairs

Potential Impact Areas

- Conflicts and wars
- Corporate finance and management
- Europe
- Foreign and international corporations
- Military operations and strategy
- Russia
- Ukraine

Alternate Title(s) of Bill HRES 996

Encouraging companies headquartered in the United States to cease operations and halt future investments in the Russian Federation.
Encouraging companies headquartered in the United States to cease operations and halt future investments in the Russian Federation.

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