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Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act of 2023

12/7/2023, 5:06 PM

Summary of Bill S 3053

Bill 118 s 3053, also known as the Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act of 2023, is a piece of legislation introduced in the US Congress. The main goal of this bill is to prevent the United States from providing financial support to regimes that are considered destabilizing or hostile to American interests.

The bill outlines specific criteria for identifying such regimes, including their support for terrorism, human rights abuses, and efforts to undermine US national security. It also calls for the imposition of sanctions on individuals and entities that provide financial assistance to these regimes.

Additionally, the bill seeks to strengthen oversight and accountability measures to ensure that US taxpayer dollars are not being used to support destabilizing regimes. This includes requiring regular reports to Congress on the use of foreign aid and implementing stricter monitoring mechanisms. Overall, the Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act of 2023 aims to promote a more strategic and responsible approach to foreign aid and prevent the United States from inadvertently supporting regimes that pose a threat to global stability and security.

Congressional Summary of S 3053

Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act of 2023

This bill prohibits the importation of crude oil, petroleum, petroleum products, and liquefied natural gas from Venezuela and Iran. The prohibition does not apply to those products seized by the U.S. government for violations of sanctions.

Current Status of Bill S 3053

Bill S 3053 is currently in the status of Bill Introduced since October 17, 2023. Bill S 3053 was introduced during Congress 118 and was introduced to the Senate on October 17, 2023.  Bill S 3053's most recent activity was Read twice and referred to the Committee on Finance. as of October 17, 2023

Bipartisan Support of Bill S 3053

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
14
Democrat Cosponsors
0
Republican Cosponsors
14
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3053

Primary Policy Focus

Foreign Trade and International Finance

Alternate Title(s) of Bill S 3053

Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act of 2023
Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act of 2023
A bill to prohibit the importation of crude oil, petroleum, petroleum products, and liquefied natural gas from Venezuela and Iran.

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