S.Amdt. 5023
What it does: Adds SEC. 5. TERMINATION OF GENERAL LICENSE NO. 8A OF OFFICE OF FOREIGN ASSETS CONTROL; APPLICATION OF SANCTIONS TO CERTAIN RUSSIAN FINANCIAL INSTITUTIONS at the end of the bill
Sen. Roger Marshall (R-KS)What it changes
1 change to H.R. 6968 · shown in the bill's text
Adds SEC. 5. TERMINATION OF GENERAL LICENSE NO. 8A OF OFFICE OF FOREIGN ASSETS CONTROL; APPLICATION OF SANCTIONS TO CERTAIN RUSSIAN FINANCIAL INSTITUTIONS at the end of the bill
Adds a sectionIn H.R. 6968 · Placed on Calendar Senate
Passed the House of Representatives March 9, 2022.
Inserted: SEC. 5. TERMINATION OF GENERAL LICENSE NO. 8A OF OFFICE OF FOREIGN ASSETS CONTROL; APPLICATION OF SANCTIONS TO CERTAIN RUSSIAN FINANCIAL INSTITUTIONS.
Inserted: Effective on the date of the enactment of this Act--
Inserted: (1) General License No. 8A of the Office of Foreign Assets Control of the Department of the Treasury shall have no force or effect; and
Inserted: (2) sanctions imposed under Executive Order 14024 (50 U.S.C. 1701 note; relating to blocking property with respect to specified harmful foreign activities of the Government of the Russian Federation) shall apply with respect to each entity specified in General License No. 8A.
Original wording
At the end, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 5023. Mr. MARSHALL (for himself, Mr. Braun, and Mr. Scott of Florida) submitted an amendment intended to be proposed by him to the bill H.R. 6968, to prohibit the importation of energy products of the Russian Federation, and for other purposes; which was ordered to lie on the table; as follows:
At the end, add the following:
SEC. 5. TERMINATION OF GENERAL LICENSE NO. 8A OF OFFICE OF FOREIGN ASSETS CONTROL; APPLICATION OF SANCTIONS TO CERTAIN RUSSIAN FINANCIAL INSTITUTIONS.
Effective on the date of the enactment of this Act--
(1) General License No. 8A of the Office of Foreign Assets Control of the Department of the Treasury shall have no force or effect; and
(2) sanctions imposed under Executive Order 14024 (50 U.S.C. 1701 note; relating to blocking property with respect to specified harmful foreign activities of the Government of the Russian Federation) shall apply with respect to each entity specified in General License No. 8A.
Legislative Activity
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Senate amendment submitted
April 7, 2022