[Congressional Record Volume 170, Number 115 (Thursday, July 11, 2024)]
[Senate]
[Pages S4968-S4969]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2654. Mr. RISCH (for himself and Mr. Whitehouse) submitted an 
amendment intended to be proposed by him to the bill S. 4638, to 
authorize appropriations for fiscal year 2025 for military activities 
of the Department of Defense, for military construction, and for 
defense activities of the Department of Energy, to prescribe military 
personnel strengths for such fiscal year, and for other purposes; which 
was ordered to lie on the table; as follows:

       At the end of title XII, add the following:

  Subtitle G--Multilateral Sanctions Coordination With Respect to the 
                           Russian Federation

     SEC. 1291. STATEMENT OF POLICY REGARDING COORDINATION OF 
                   MULTILATERAL SANCTIONS WITH RESPECT TO THE 
                   RUSSIAN FEDERATION.

       (a) In General.--In response to the Russian Federation's 
     unprovoked and illegal invasion of Ukraine, it is the policy 
     of the United States that--
       (1) the United States, along with the European Union, the 
     G7, Australia, and other willing allies and partners of the 
     United States, should lead a coordinated international 
     sanctions regime to freeze sovereign assets of the Russian 
     Federation;
       (2) the head of the Office of Sanctions Coordination of the 
     Department of State should engage in interagency and 
     multilateral coordination with agencies of the European 
     Union, the G7, Australia, and other allies and partners of 
     the United States to ensure the ongoing implementation and 
     enforcement of sanctions with respect to the Russian 
     Federation in response to its invasion of Ukraine;
       (3) the Secretary of State, in consultation with the 
     Secretary of the Treasury, should, to the extent practicable 
     and consistent with relevant United States law, lead and 
     coordinate with the European Union, the G7, Australia, and 
     other allies and partners of the United States with respect 
     to enforcement of sanctions imposed with respect to the 
     Russian Federation;
       (4) the United States should provide relevant technical 
     assistance, implementation guidance, and support relating to 
     enforcement and implementation of sanctions imposed with 
     respect to the Russian Federation;
       (5) where appropriate, the head of the Office of Sanctions 
     Coordination, in coordination with the Bureau of Economic and 
     Business Affairs and the Bureau of European and Eurasian 
     Affairs of the Department of State and the Department of the 
     Treasury, should seek private sector input regarding 
     sanctions policy with respect to the Russian Federation and 
     the implementation of and compliance with such sanctions 
     imposed with respect to the Russian Federation; and
       (6) the Secretary of State, in coordination with the 
     Secretary of the Treasury, should continue robust diplomatic 
     engagement with allies and partners of the United States, 
     including the European Union, the G7, and Australia, to 
     encourage such allies and partners to impose such sanctions.
       (b) Authorization of Appropriations.--
       (1) In general.--There is authorized to be appropriated to 
     the Office of Sanctions Coordination of the Department of 
     State $15,000,000 for each of fiscal years 2025, 2026, and 
     2027 to carry out this section.
       (2) Supplement not supplant.--The amounts authorized to be 
     appropriated by paragraph (1) shall supplement and not 
     supplant other amounts authorized to be appropriated for the 
     Office of Sanctions Coordination.

     SEC. 1292. ASSESSMENT OF IMPACT OF UKRAINE-RELATED SANCTIONS 
                   ON THE ECONOMY OF THE RUSSIAN FEDERATION.

       (a) Report and Briefings.--At the times specified in 
     subsection (b), the President shall submit a report and 
     provide a briefing to the appropriate congressional 
     committees on the impact on the economy of the Russian 
     Federation of sanctions imposed by the United States and 
     other countries with respect to the Russian Federation in 
     response to the unlawful invasion of Ukraine by the Russian 
     Federation.
       (b) Timing.--The President shall--
       (1) submit a report and provide a briefing described in 
     subsection (a) to the appropriate

[[Page S4969]]

     congressional committees not later than 90 days after the 
     date of the enactment of this Act; and
       (2) submit to the appropriate congressional committees a 
     report described in subsection (a) every 180 days thereafter 
     until the date that is 5 years after such date of enactment.
       (c) Elements.--Each report required by this section shall 
     include--
       (1) an assessment of--
       (A) the impacts of the sanctions described in subsection 
     (a), disaggregated by major economic sector, including the 
     energy, aerospace and defense, shipping, banking, and 
     financial sectors;
       (B) the macroeconomic impact of those sanctions on Russian, 
     European, and global economy market trends, including shifts 
     in global markets as a result of those sanctions; and
       (C) efforts by other countries or actors and offshore 
     financial providers to facilitate sanctions evasion by the 
     Russian Federation or take advantage of gaps in international 
     markets resulting from the international sanctions regime in 
     place with respect to the Russian Federation; and
       (2) recommendations for further sanctions enforcement 
     measures based on trends described in paragraph (1)(B).
       (d) Appropriate Congressional Committees Defined.--In this 
     section, the term ``appropriate congressional committees'' 
     means--
       (1) the Committee on Foreign Relations and the Committee on 
     Banking, Housing, and Urban Affairs of the Senate; and
       (2) the Committee on Foreign Affairs and the Committee on 
     Financial Services of the House of Representatives.

     SEC. 1293. INFORMATION ON VOTING PRACTICES IN THE UNITED 
                   NATIONS WITH RESPECT TO THE INVASION OF UKRAINE 
                   BY THE RUSSIAN FEDERATION.

       Section 406(b) of the Foreign Relations Authorization Act, 
     Fiscal Years 1990 and 1991 (22 U.S.C. 2414a(b)), is amended--
       (1) in paragraph (4), by striking ``Assembly on'' and all 
     that follows through ``opposed by the United States'' and 
     inserting the following: ``Assembly on--''
       ``(A) resolutions specifically related to Israel that are 
     opposed by the United States; and
       ``(B) resolutions specifically related to the invasion of 
     Ukraine by the Russian Federation.'';
       (2) in paragraph (5), by striking ``; and'' and inserting a 
     semicolon;
       (3) by redesignating paragraph (6) as paragraph (7); and
       (4) by inserting after paragraph (5) the following:
       ``(6) an analysis and discussion, prepared in consultation 
     with the Secretary of State, of the extent to which member 
     countries supported United States policy objectives in the 
     Security Council and the General Assembly with respect to the 
     invasion of Ukraine by the Russian Federation; and''.
                                 ______