3.0.0 7429 2022-12-29T23:03:26Z 2022-12-29T23:03:26Z House HR 2022-04-06 117 [Congressional Record Volume 168, Number 61 (Wednesday, April 6, 2022)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SHERMAN:H.R. 7429.Congress has the power to enact this legislation pursuantto the following:The power granted to Congress under Article I, Section 8,Clauses 1 and 18 of the United States Constitution.[Page H4397]]]> hsfa00 Foreign Affairs Committee House Standing Referred to 2022-04-06T14:01:10Z hsba00 Financial Services Committee House Standing Referred to 2022-04-06T14:01:05Z Digital Asset Sanctions Compliance Enhancement Act of 2022 117 3867 S 2022-09-20 Committee on Banking, Housing, and Urban Affairs. Hearings held. Related bill CRS 2022-04-06 Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2022-04-06 Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2022-04-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2022-04-06 Introduced in House IntroReferral 1000 9 Library of Congress S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 N G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2022-04-06 True D000631 Rep. Dean, Madeleine [D-PA-4] Madeleine Dean D PA 4 2022-04-06 True A000370 Rep. Adams, Alma S. [D-NC-12] Alma Adams D NC S. 12 2022-04-06 True B001312 Rep. Bourdeaux, Carolyn [D-GA-7] Carolyn Bourdeaux D GA 7 2022-04-06 True L000586 Rep. Lawson, Al, Jr. [D-FL-5] Al Lawson D FL 5 2022-04-06 True C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2022-04-06 True C001059 Rep. Costa, Jim [D-CA-16] Jim Costa D CA 16 2022-04-06 True D000399 Rep. Doggett, Lloyd [D-TX-35] LLOYD DOGGETT D TX 35 2022-04-06 True G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2022-04-06 True L000582 Rep. Lieu, Ted [D-CA-33] Ted Lieu D CA 33 2022-04-06 True M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2022-04-06 True M000687 Rep. Mfume, Kweisi [D-MD-7] KWEISI MFUME D MD 7 2022-04-06 True P000614 Rep. Pappas, Chris [D-NH-1] Chris Pappas D NH 1 2022-04-06 True V000130 Rep. Vargas, Juan [D-CA-51] Juan Vargas D CA 51 2022-04-06 True W000826 Rep. Wild, Susan [D-PA-7] Susan Wild D PA 7 2022-04-06 True Finance and Financial Sector Alliances Congressional oversight Currency Digital media Europe Financial services and investments Foreign and international banking Foreign property Fraud offenses and financial crimes Government information and archives Internet, web applications, social media Presidents and presidential powers, Vice Presidents Russia Sanctions Trade restrictions U.S. and foreign investments War and emergency powers Finance and Financial Sector 00 2022-04-06 Introduced in House 2022-09-01T19:12:37Z Russian Digital Asset Sanctions Compliance Act of 2022

This bill allows additional sanctions against Russia and creates specified reporting requirements regarding digital assets.

Specifically, the President must periodically identify foreign persons who facilitate evasion of Russian sanctions using digital assets. The bill authorizes sanctions against such persons.

The bill requires a U.S. taxpayer engaged in offshore digital asset transactions greater than $10,000 to file an annual Report of Foreign Bank and Financial Accounts with the Financial Crimes Enforcement Network.

The bill allows the Department of the Treasury to prohibit U.S. digital asset trading platforms and transaction facilitators from transacting with Russian digital asset addresses. Additionally, Treasury must report on its progress in implementing the bill and must annually identify foreign digital asset trading platforms that are a high risk for sanctions evasion, money laundering, and other illicit activities.

]]> Russian Digital Asset Sanctions Compliance Act of 2022 Display Title Russian Digital Asset Sanctions Compliance Act of 2022 Short Title(s) as Introduced Russian Digital Asset Sanctions Compliance Act of 2022 Introduced in House IH Official Title as Introduced To impose sanctions with respect to the use of cryptocurrency to facilitate transactions by Russian persons subject to sanctions, and for other purposes. Introduced in House IH Introduced in House 2022-04-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr7429ih/xml/BILLS-117hr7429ih.xml 2022-04-06 Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.