[House Document 117-106]
[From the U.S. Government Publishing Office]




117th Congress, 2d Session - - - - - - - - - - - - House Document 117-106


 
   PROHIBITING NEW INVESTMENT IN AND CERTAIN SERVICES TO THE RUSSIAN 
   FEDERATION IN RESPONSE TO CONTINUED RUSSIAN FEDERATION AGGRESSION

                               __________

                                MESSAGE

                                  from

                     THE PRESIDENT OF THE UNITED STATES

                              transmitting

ADDITIONAL STEPS TO ADDRESS THE NATIONAL EMERGENCY WITH RESPECT TO THE 
  UNUSUAL AND EXTRAORDINARY THREAT TO THE NATIONAL SECURITY, FOREIGN 
  POLICY, AND ECONOMY OF THE UNITED STATES POSED BY SPECIFIED HARMFUL 
    FOREIGN ACTIVITIES OF THE GOVERNMENT OF THE RUSSIAN FEDERATION, 
  PURSUANT TO 50 U.S.C. 1641(b); PUBLIC LAW 94-412, SEC. 401(b); (90 
STAT. 1257) AND 50 U.S.C. 1703(b); PUBLIC LAW 95-223, SEC. 204(b); (91 
                              STAT. 1627)

		[GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT]


    April 7, 2022.--Message and accompanying papers referred to the 
         Committee on Foreign Affairs and ordered to be printed
         
         
         
         			__________
         
         
                     U.S. GOVERNMENT PUBLISHING OFFICE
         
29-011			   WASHINGTON : 2022         
         
         
         
         
To the Congress of the United States:
    Pursuant to the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.), the National Emergencies Act (50 
U.S.C. 1601 et seq.), and section 301 of title 3, United States 
Code, I hereby report that I have issued an Executive Order in 
order to take additional steps with respect to the national 
emergency declared in Executive Order 14024 of April 15, 2021, 
with respect to the unusual and extraordinary threat to the 
national security, foreign policy, and economy of the United 
States posed by specified harmful foreign activities of the 
Government of the Russian Federation.
    The order prohibits the following: (i) new investment in 
the Russian Federation by a United States person, wherever 
located; (ii) the exportation, reexportation, sale, or supply, 
directly or indirectly, from the United States, or by a United 
States person, wherever located, of any category of services as 
may be determined by the Secretary of the Treasury, in 
consultation with the Secretary of State, to any person located 
in the Russian Federation; and (iii) any approval, financing, 
facilitation, or guarantee by a United States person, wherever 
located, of a transaction by a foreign person where the 
transaction by that foreign person would be prohibited by this 
section if performed by a United States person or within the 
United States.
    I am enclosing a copy of the Executive Order I have issued.

                                               Joseph R. Biden, Jr.
    The White House, April 6, 2022.

                            Executive Order

                              ----------                              


   Prohibiting New Investment in and Certain Services to the Russian 
   Federation in Response to Continued Russian Federation Aggression

    By the authority vested in me as President by the 
Constitution and the laws of the United States of America, 
including the International Emergency Economic Powers Act (50 
U.S.C. et seq.) (IEEPA), the National Emergencies Act (50 
U.S.C. 1601 et seq.), and section 301 of title 3, United States 
Code,
    I, JOSEPH R. BIDEN JR., President of the United States of 
America, in order to take additional steps with respect to the 
national emergency declared in Executive Order 14024 of April 
15, 2021, expanded by Executive Order 14066 of March 8, 2022, 
and relied on for additional steps taken in Executive Order 
14039 of August 20, 2021, and Executive Order 14068 of March 
11, 2022, hereby order:
    Section 1. (a) The following are prohibited:
          (i) new investment in the Russian Federation by a 
        United States person, wherever located;
          (ii) the exportation, reexportation, sale, or supply, 
        directly or indirectly, from the United States, or by a 
        United States person, wherever located, of any category 
        of services as may be determined by the Secretary of 
        the Treasury, in consultation with the Secretary of 
        State, to any person located in the Russian Federation; 
        and
          (iii) any approval, financing, facilitation, or 
        guarantee by a United States person, wherever located, 
        of a transaction by a foreign person where the 
        transaction by that foreign person would be prohibited 
        by this section if performed by a United States person 
        or within the United States.
    (b) The prohibitions in subsection (a) of this section 
apply except to the extent provided by statutes, or in 
regulations, orders, directives, or licenses that may be issued 
pursuant to this order, and notwithstanding any contract 
entered into or license or permit granted prior to the date of 
this order.
    Sec. 2. (a) Any transaction that evades or avoids, has the 
purpose of evading or avoiding, causes a violation of, or 
attempts to violate any of the prohibitions set forth in this 
order is prohibited.
    (b) Any conspiracy formed to violate any of the 
prohibitions set forth in this order is prohibited.
    Sec. 3. Nothing in this order shall prohibit transactions 
for the conduct of the official business of the Federal 
Government or the United Nations (including its specialized 
agencies, programs, funds, and related organizations) by 
employees, grantees, or contractors thereof.
    Sec. 4. For the purposes of this order:
    (a) the term ``entity'' means a partnership, association, 
trust, joint venture, corporation, group, subgroup, or other 
organization;
    (b) the term ``person'' means an individual or entity; and
    (c) the term ``United States person'' means any United 
States citizen, lawful permanent resident, entity organized 
under the laws of the United States or any jurisdiction within 
the United States (including foreign branches), or any person 
in the United States.
    Sec. 5. The Secretary of the Treasury, in consultation with 
the Secretary of State, is hereby authorized to take such 
actions, including the promulgation of rules and regulations, 
and to employ all powers granted to the President by IEEPA, as 
may be necessary to carry out the purposes of this order. The 
Secretary of the Treasury may, consistent with applicable law, 
redelegate any of these functions within the Department of the 
Treasury. All executive departments and agencies of the United 
States shall take all appropriate measures within their 
authority to implement this order.
    Sec. 6. (a) Nothing in this order shall be construed to 
impair or otherwise affect:
          (i) the authority granted by law to an executive 
        department or agency, or the head thereof; or
          (ii) the functions of the Director of the Office of 
        Management and Budget relating to budgetary, 
        administrative, or legislative proposals.
    (b) This order shall be implemented consistent with 
applicable law and subject to the availability of 
appropriations.
    (c) This order is not intended to, and does not, create any 
right or benefit, substantive or procedural, enforceable at law 
or in equity by any party against the United States, its 
departments, agencies, or entities, its officers, employees, or 
agents, or any other person.

                                               Joseph R. Biden, Jr.
    The White House, April 6, 2022.

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