US Sectoral Sanctions

What's Newest (cont'd) And at least three more new sanctions bills have been introduced in Congress most recently (no real forward movement on any of them to date) < 10 Sept. proposed "Russia Bounty Response Act of 2020" - by Sen. Menendez and five other Democratic senators (keying on the Afghanistan bounty payment allegations, and containing a wide range of proposed sanctions consequences - see press release and full text) 24 Sept. proposed "Holding Russia Accountable for Malign Activities Act of 2020" - by three Democratic senators and Republican Sens. Rubio and Romney (keying on the Navalny poisoning - less elaborate, see press release and full text) 1 Oct. proposed "Safeguarding Elections by Countering Unchallenged Russia Efforts" (SECURE) Act by five House representatives (like DASKAA, would impose broader restrictions on US persons dealing in Russian sovereign debt than are in the current CBW Act (see slides 64-68), including Central Bank or Treasury bonds and certain FX swap agreements - with some exceptions for shortest-term debt (see press release and full text) There are also related bipartisan congressional calls for possible further Navalny- related sanctions against Russia under the existing CBW Act itself see most recently 18 Nov. House of Representatives resolution, following 8 Sept. release/letter from two prominent congressmen to President Trump but such new CBW Act sanctions may well not materialize before Biden takes office Morgan Lewis 6

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