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A resolution expressing the sense of the Senate on ending the access of Russian financial institutions to specialized financial messaging services.

12/29/2022, 10:48 PM

Summary of Bill SRES 548

Bill 117 sres 548, also known as a resolution expressing the sense of the Senate on ending the access of Russian financial institutions to specialized financial messaging services, aims to address the issue of Russian financial institutions having access to specialized financial messaging services. The resolution highlights concerns about the potential misuse of these services by Russian financial institutions for illicit activities, such as money laundering and financing of terrorism.

The resolution emphasizes the importance of cutting off access to these specialized financial messaging services as a means of holding Russian financial institutions accountable for their actions. It also calls on the United States government to work with international partners to ensure that Russian financial institutions are not able to circumvent these restrictions through alternative means.

Overall, the resolution seeks to send a strong message to Russian financial institutions that the United States is committed to preventing them from engaging in illicit activities through the use of specialized financial messaging services. It underscores the importance of international cooperation in addressing these issues and highlights the Senate's stance on the matter.

Congressional Summary of SRES 548

This resolution urges the President to end access to specialized financial messaging services by Russian financial institutions.

Current Status of Bill SRES 548

Bill SRES 548 is currently in the status of Bill Introduced since March 16, 2022. Bill SRES 548 was introduced during Congress 117 and was introduced to the Senate on March 16, 2022.  Bill SRES 548's most recent activity was Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S1226-1227) as of March 16, 2022

Bipartisan Support of Bill SRES 548

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill SRES 548

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Alliances
- Europe
- Foreign and international banking
- International organizations and cooperation
- Russia
- Sanctions

Alternate Title(s) of Bill SRES 548

A resolution expressing the sense of the Senate on ending the access of Russian financial institutions to specialized financial messaging services.
A resolution expressing the sense of the Senate on ending the access of Russian financial institutions to specialized financial messaging services.

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