117 S4054 IS: To terminate General License No. 8A of the Office of Foreign Assets Control of the Department of the Treasury and require the application of sanctions under Executive Order 14024 to the Russian financial institutions listed in General License No. 8A. U.S. Senate 2022-04-07 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.

II117th CONGRESS2d SessionS. 4054IN THE SENATE OF THE UNITED STATESApril 7, 2022Mr. Marshall (for himself, Mr. Braun, and Mr. Scott of Florida) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban AffairsA BILLTo terminate General License No. 8A of the Office of Foreign Assets Control of the Department of the Treasury and require the application of sanctions under Executive Order 14024 to the Russian financial institutions listed in General License No. 8A.

1.

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.