A bill to extend, and repeal the waiver authority under, the Protecting Europe's Energy Security Act of 2019.

Bill 118 s 4483, also known as the Protecting Europe's Energy Security Act of 2019, is a piece of legislation that aims to extend and repeal the waiver authority granted under the original act. The Protecting Europe's Energy Security Act of 2019 was passed to address concerns about Europe's reliance on Russian energy sources, particularly natural gas.

The waiver authority granted under the original act allows the President to waive certain sanctions on individuals and entities involved in the construction of the Nord Stream 2 and TurkStream pipelines, which are pipelines that would transport natural gas from Russia to Europe. The purpose of these waivers is to prevent harm to US allies and partners in Europe who may be affected by the sanctions.

This bill seeks to extend the waiver authority granted under the Protecting Europe's Energy Security Act of 2019, allowing the President to continue to waive sanctions as necessary. However, it also includes a provision to repeal this waiver authority after a certain period of time, ensuring that the President's authority is not indefinite. Overall, Bill 118 s 4483 is aimed at addressing concerns about Europe's energy security and the potential impact of sanctions on US allies. By extending and eventually repealing the waiver authority granted under the original act, this legislation seeks to strike a balance between protecting Europe's energy security and maintaining US foreign policy objectives.