Bills · HR 4301
IN COMMITTEE· 119TH CONGRESS
House BillHR 4301Civil actions and liabilityFraud offenses and financial crimes
PEACE Act of 2025
INTRO JUL 7· LAST ACTION JUL 7
READING
5MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it represents a significant escalation of economic pressure against Russia over its ongoing conflict with Ukraine. If enacted, it would tighten existing sanctions by requiring U.S. financial institutions to block or severely limit the ability of foreign banks to process transactions through the U.S. if those banks are linked to specific Russian entities or the Russian energy sector. This could make it much more difficult for Russia to fund its military operations and maintain its economy.
Voters should care because the bill aims to address a major geopolitical conflict using economic tools, potentially impacting global financial markets and international relations. If the bill becomes law, it could lead to more effective sanctions that genuinely constrain Russia, potentially accelerating a resolution to the conflict. If it doesn't pass, the U.S. would miss an opportunity to apply this specific form of financial leverage, and Russia's financial avenues might remain less restricted.
KEY PROVISIONS
4AI-extractedPROVISION 01
Requires the U.S. Treasury to prohibit or impose strict conditions on foreign financial institutions that knowingly provide significant financial services to certain sanctioned Russian persons or entities in Russia's energy sector from having U.S. correspondent or payable-through accounts.
This is the core action of the bill, directly targeting financial avenues supporting Russia and its war effort.
PROVISION 02
Mandates the Treasury Secretary to determine within 90 days if major Russian energy companies like Gazprom, Rosneft, and Lukoil operate in the Russian energy sector as defined by the bill.
This provision specifically identifies key Russian energy players for potential targeting, laying the groundwork for future enforcement.
PROVISION 03
Grants the President authority to waive the sanctions requirements for up to 180 days at a time if it advances the national emergency resolution or is in the U.S. national interest.
This adds flexibility, allowing the U.S. to adjust the sanctions based on diplomatic needs or unforeseen economic impacts.
PROVISION 04
Establishes that the Act will terminate either 30 days after Russia ceases destabilizing activities in Ukraine or after 5 years, whichever comes first.
This sets clear conditions for the duration of the sanctions, tying their end to the resolution of the conflict or a fixed timeframe.
SPONSORSHIP
1 + 1
R· Iowa
YRS IN OFFICE
3
BILLS LED
61
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSJUL 7
Introduced in House
JUL 7
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
BILL INFO
TypeHouse Bill
NumberHR 4301
Congress119th
StatusIn Committee
IntroducedJul 7, 2025
Last actionJul 7, 2025
READER REACTIONS
OVERALL SENTIMENT
No reactions yet. Be the first to weigh in.
Discussion
Loading comments...
IN COMMITTEE· 119TH CONGRESS · FOREIGN AFFAIRS COMMITTEE · INTRODUCED JUL 7, 2025
House BillHR 4301Civil actions and liabilityFraud offenses and financial crimes
PEACE Act of 2025
INTRODUCED JUL 7, 2025· LAST ACTION JUL 7, 2025
PASSAGE CHANCES
—%
READING
5 min
COSPONSORS
1
COMPLEXITY
Moderate
