New rules would block foreign banks helping Russia and seize Russian government money for Ukraine.
This bill, called the PEACE Act of 2025, would create new financial rules to pressure Russia over its conflict with Ukraine. It would stop foreign banks that help sanctioned Russian entities or Russia's energy industry from doing business in the U.S. It would also take Russian government funds held in U.S. banks and send them to a fund supporting Ukraine.
Today, existing U.S. sanctions target Russia, but specific Russian government assets in the U.S. are not automatically seized and transferred to Ukraine. Foreign financial institutions also have certain flexibilities in dealing with some Russian entities. If this bill passes, the U.S. Treasury would be required to seize Russian government funds in the U.S. and transfer them to the Ukraine Support Fund, and foreign banks helping sanctioned Russian entities or Russia's energy sector would face strict new limits or bans on their U.S. operations.
HR 4346 · 119th Congress · July 10, 2025 · AI Summary by gemini-2.5-flash · 9/10
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8 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.