[Congressional Record Volume 168, Number 192 (Monday, December 12, 2022)]
[Senate]
[Pages S7102-S7103]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. CORNYN (for himself and Mr. King):
  S. 5232. A bill to require the imposition of sanctions with respect 
to the sale, supply, or transfer of gold to or from the Russian 
Federation; to the Committee on Banking, Housing, and Urban Affairs.
  Mr. CORNYN. Mr. President, I ask unanimous consent to print my bill 
for introduction in the Congressional Record. The bill requires the 
imposition of sanctions with respect to the sale, supply, or transfer 
of gold to or from the Russian Federation.
  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

                                S. 5232

       Be it enacted by the Senate and House of Representatives of 
     the United States of America in Congress assembled,

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Stop Russian Government and 
     Oligarchs from Limiting Democracy Act of 2022'' or the ``Stop 
     Russian GOLD Act of 2022''.

     SEC. 2. IMPOSITION OF SANCTIONS WITH RESPECT TO THE SALE, 
                   SUPPLY, OR TRANSFER OF GOLD TO OR FROM RUSSIA.

       (a) Identification.--Not later than 90 days after the date 
     of the enactment of this Act, and periodically as necessary 
     thereafter, the President--
       (1) shall submit to Congress a report identifying foreign 
     persons that knowingly participated in a significant 
     transaction--
       (A) for the sale, supply, or transfer (including 
     transportation) of gold, directly or indirectly, to or from 
     the Russian Federation or the Government of the Russian 
     Federation, including from reserves of the Central Bank of 
     the Russian Federation held outside the Russian Federation; 
     or
       (B) that otherwise involved gold in which the Government of 
     the Russian Federation had any interest; and
       (2) shall impose the sanctions described in subsection 
     (b)(1) with respect to each such person; and
       (3) may impose the sanctions described in subsection (b)(2) 
     with respect to any such person that is an alien.
       (b) Sanctions Described.--The sanctions described in this 
     subsection are the following:
       (1) Blocking of property.--The exercise of all powers 
     granted to the President by the International Emergency 
     Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent 
     necessary to block and prohibit all transactions in all 
     property and interests in property of a foreign person 
     identified in the report required by subsection (a)(1) if 
     such property and interests in property are in the United 
     States, come within the United States, or are or come within 
     the possession or control of a United States person.
       (2) Ineligibility for visas, admission, or parole.--
       (A) Visas, admission, or parole.--An alien described in 
     subsection (a)(1) is--
       (i) inadmissible to the United States;
       (ii) ineligible to receive a visa or other documentation to 
     enter the United States; and
       (iii) otherwise ineligible to be admitted or paroled into 
     the United States or to receive any other benefit under the 
     Immigration and Nationality Act (8 U.S.C. 1101 et seq.).
       (B) Current visas revoked.--
       (i) In general.--The issuing consular officer, the 
     Secretary of State, or the Secretary of Homeland Security (or 
     a designee of one of such Secretaries) shall, in accordance 
     with section 221(i) of the Immigration and Nationality Act (8 
     U.S.C. 1201(i)), revoke any visa or other entry documentation 
     issued to an alien described in subsection (a)(1).
       (ii) Immediate effect.--The revocation under clause (i) of 
     a visa or other entry documentation issued to an alien 
     shall--

       (I) take effect immediately; and
       (II) automatically cancel any other valid visa or entry 
     documentation that is in the alien's possession.

       (c) Implementation; Penalties.--
       (1) Implementation.--The President may exercise all 
     authorities provided under sections 203 and 205 of the 
     International Emergency Economic Powers Act (50 U.S.C. 1702 
     and 1704) to carry out this section.
       (2) Penalties.--A person that violates, attempts to 
     violate, conspires to violate, or causes a violation of this 
     section or any regulation, license, or order issued to carry 
     out this section shall be subject to the penalties set forth 
     in subsections (b) and (c) of section 206 of the 
     International Emergency Economic Powers Act (50 U.S.C. 1705) 
     to the same extent as a person that commits an unlawful act 
     described in subsection (a) of that section.
       (d) National Interest Waiver.--The President may waive the 
     imposition of sanctions under this section with respect to a 
     person if the President--
       (1) determines that such a waiver is in the national 
     interests of the United States; and
       (2) submits to Congress a notification of the waiver and 
     the reasons for the waiver.
       (e) Termination.--
       (1) In general.--Except as provided in paragraph (2), the 
     requirement to impose sanctions under this section, and any 
     sanctions imposed under this section, shall terminate on the 
     earlier of--
       (A) the date that is 3 years after the date of the 
     enactment of this Act; or
       (B) the date that is 30 days after the date on which the 
     President certifies to Congress that--
       (i) the Government of the Russian Federation has ceased its 
     destabilizing activities with respect to the sovereignty and 
     territorial integrity of Ukraine; and
       (ii) such termination in the national interests of the 
     United States.
       (2) Transition rules.--
       (A) Continuation of certain authorities.--Any authorities 
     exercised before the termination date under paragraph (1) to 
     impose sanctions with respect to a foreign person under this 
     section may continue to be exercised on and after that date 
     if the President determines that the continuation of those 
     authorities is in the national interests of the United 
     States.
       (B) Application to ongoing investigations.--The termination 
     date under paragraph (1) shall not apply to any investigation 
     of a civil or criminal violation of this section or any 
     regulation, license, or order issued to carry out this 
     section, or the imposition of a civil or criminal penalty for 
     such a violation, if--
       (i) the violation occurred before the termination date; or
       (ii) the person involved in the violation continues to be 
     subject to sanctions pursuant to subparagraph (A).
       (f) Exceptions.--
       (1) Exceptions for authorized intelligence and law 
     enforcement and national security activities.--This section 
     shall not apply with respect to activities subject to the 
     reporting requirements under title V of the National Security 
     Act of 1947 (50 U.S.C. 3091 et seq.) or any authorized 
     intelligence, law enforcement, or national security 
     activities of the United States.
       (2) Exception to comply with international agreements.--
     Sanctions under subsection (b)(2) may not apply with respect 
     to the admission of an alien to the United States if such 
     admission is necessary to comply with the obligations of the 
     United States under the Agreement regarding the Headquarters 
     of the United Nations, signed at Lake Success June 26, 1947, 
     and entered into force November 21, 1947, between the United 
     Nations and the United States, or the Convention on Consular 
     Relations, done at Vienna April 24, 1963, and entered into 
     force March 19, 1967, or other international obligations.
       (3) Humanitarian exemption.--The President shall not impose 
     sanctions under this section with respect to any person for 
     conducting or facilitating a transaction for the sale of 
     agricultural commodities, food, medicine, or medical devices 
     or for the provision of humanitarian assistance.
       (4) Exception relating to importation of goods.--
       (A) In general.--The requirement or authority to impose 
     sanctions under this section shall not include the authority 
     or a requirement to impose sanctions on the importation of 
     goods.
       (B) Good defined.--In this paragraph, the term ``good'' 
     means any article, natural or manmade substance, material, 
     supply, or manufactured product, including inspection and 
     test equipment, and excluding technical data.
       (g) Definitions.--In this section:
       (1) The terms ``admission'', ``admitted'', ``alien'', and 
     ``lawfully admitted for permanent residence'' have the 
     meanings given those terms in section 101 of the Immigration 
     and Nationality Act (8 U.S.C. 1101).
       (2) The term ``foreign person'' means an individual or 
     entity that is not a United States person.
       (3) The term ``knowingly'', with respect to conduct, a 
     circumstance, or a result, means

[[Page S7103]]

     that a person has actual knowledge, or should have known, of 
     the conduct, the circumstance, or the result.
       (4) The term ``United States person'' means--
       (A) a United States citizen or an alien lawfully admitted 
     for permanent residence to the United States;
       (B) an entity organized under the laws of the United States 
     or any jurisdiction within the United States, including a 
     foreign branch of such an entity; or
       (C) any person in the United States.
                                 ______