3.0.0 3867 2022-12-29T22:33:30Z 2022-12-29T22:33:30Z Senate S 2022-03-17 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2022-09-20T14:00:00Z Referred to 2022-03-17T17:39:27Z Russian Digital Asset Sanctions Compliance Act of 2022 117 7429 HR 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. Related bill CRS 2022-09-20 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2022-03-17 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2022-03-17 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2022-03-17 True W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2022-03-17 True T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2022-03-17 True D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2022-03-17 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2022-03-17 True W000790 Sen. Warnock, Raphael G. [D-GA] Raphael Warnock D GA G. 2022-03-17 True V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2022-03-17 True S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2022-03-17 True C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2022-03-17 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2022-03-17 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2022-03-24 False K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2022-04-04 False 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 2022-03-17 Introduced in Senate 2022-08-15T13:53:31Z Digital Asset Sanctions Compliance Enhancement 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.

]]> Digital Asset Sanctions Compliance Enhancement Act of 2022 Display Title Digital Asset Sanctions Compliance Enhancement Act of 2022 Short Title(s) as Introduced Digital Asset Sanctions Compliance Enhancement Act of 2022 Introduced in Senate IS Official Title as Introduced A bill 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 Senate IS Introduced in Senate 2022-03-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s3867is/xml/BILLS-117s3867is.xml 2022-09-20 Committee on Banking, Housing, and Urban Affairs. Hearings held. 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.