115 S4620 IS: Countering Communist China’s Financing of Russia’s War on Ukraine Act U.S. Senate 2022-07-26 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. 4620IN THE SENATE OF THE UNITED STATESJuly 26, 2022Mr. Rubio (for himself, Mr. Scott of Florida, and Mr. Cramer) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban AffairsA BILLTo amend the Countering Russian Influence in Europe and Eurasia Act of 2017 to impose sanctions with respect to the shipment or transshipment of petroleum products or liquefied natural gas products from the Russian Federation to the Peoples’ Republic of China, and for other purposes.

1.

Short title

This Act may be cited as the Countering Communist China’s Financing of Russia’s War on Ukraine Act.

2.

Imposition of sanctions with respect to shipment or transshipment of petroleum products or liquefied natural gas products from the Russian Federation to the Peoples’ Republic of China

(a)

In general

Part 2 of subtitle A of the Countering Russian Influence in Europe and Eurasia Act of 2017 (22 U.S.C. 9521 et seq.) is amended by inserting after section 234 the following:

234A.

Sanctions with respect to shipment or transshipment of petroleum products or liquefied natural gas products from the Russian Federation to the Peoples’ Republic of China

(a)

In general

The President shall impose five or more of the sanctions described in section 235 with respect to any entity that the President determines knowingly, directly or indirectly, insures, registers, facilitates the registration of, or maintains insurance or a registration for, a vessel engaged in the shipment or transshipment of any petroleum product or liquefied natural gas product from the Russian Federation to the Peoples’ Republic of China, including by providing sovereign insurance guarantees on behalf of the Government of the People's Republic of China with respect to any such vessel.(b)

Termination

Subject to section 216, sanctions imposed under subsection (a) shall terminate on the date on which the President determines and certifies to the appropriate congressional committees that the Government of the Russian Federation and any proxies for that Government have withdrawn all military and paramilitary forces from the internationally recognized territory of the Government of Ukraine.

.(b)

Sanctions described

Section 235 of the Countering Russian Influence in Europe and Eurasia Act of 2017 (22 U.S.C. 9529) is amended—(1)in subsection (a), in the matter preceding paragraph (1), by striking or 233(a) and inserting 233(a), or 234A(a); and(2)in subsection (b), by striking or 233(a) and inserting 233(a), or 234A(a).(c)

Clerical amendment

The table of contents under section 1(b) of the Countering America’s Adversaries Through Sanctions Act (Public Law 115–44; 131 Stat. 886) is amended by inserting after the item relating to section 234 the following:Sec. 234A. Sanctions with respect to shipment or transshipment of petroleum products or liquefied natural gas products from the Russian Federation to the Peoples’ Republic of China..