# 119-hr-4301: PEACE Act of 2025

119-hr-4301, PEACE Act of 2025, is a 119th Congress bill sponsored by Rep. Nunn, Zachary [R-IA-3] (R-IA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-4301
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4301
- Congress: 119
- Title: PEACE Act of 2025
- Status: introduced
- Introduced: 2025-07-07
- Sponsor: Rep. Nunn, Zachary [R-IA-3] (R-IA)
- Cosponsors: 1
- Policy area: International Affairs
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Blocks U.S. correspondent and payable-through accounts for foreign banks that knowingly support specified Russian targets.** The PEACE Act of 2025 would require Treasury to issue rules within 180 days to bar or tightly limit U.S. banking access for foreign financial institutions that provide significant financial services to designated Russian persons, certain sanctioned banks and Annex 1 entities, or firms in Russia's energy sector. - Foreign financial institutions: These banks would face prohibitions or strict conditions on maintaining U.S. correspondent or payable-through accounts if they knowingly serve the covered Russian targets. That could cut major U.S. payment channels for institutions that keep servicing those entities. - Russian energy companies and named firms: The bill would require a determination within 90 days naming Gazprom, Rosneft, and Lukoil as covered energy-sector persons. Banks that provide significant services to those companies could be subject to the new account limits. - Executive authority and enforcement: The President could use authorities in the International Emergency Economic Powers Act (IEEPA) to implement the rules and may grant 180-day waivers with required reports to Congress. Violations would be subject to penalties under IEEPA section 206(b) and (c).

## Cosponsors (1)

- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2025-07-07T00:00:00.000Z

## Provisions PRIA read

- New limits on U.S. bank access for Russia-linked banks: mixed, medium. Treasury would have 180 days to write rules that block or tightly limit U.S. correspondent and payable-through accounts for foreign banks that knowingly give major services to listed Russia‑related targets, or firms in Russia’s energy sector. Breaking these rules would carry civil and criminal pena…
- Time limit on these sanctions rules: mixed, medium. All rules in this bill would end on the earlier of two dates. They would end 30 days after the President reports to Congress that Russia has stopped destabilizing Ukraine. Or they would end five years after enactment, if that comes first.
- 90-day Treasury review of Russian energy firms: mixed, low. Treasury would have 90 days after enactment to tell Congress if Gazprom, Rosneft, and Lukoil meet the bill’s energy‑sector test. This report could guide future actions that affect banks that deal with these firms.

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-4393: DIGNIDAD (Dignity) Act of 2025
- 119-hr-3633: Digital Asset Market Clarity Act
- 119-hr-562: BLUE Pacific Act
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025

## Sources
- [119-hr-4301 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4301)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-4393: DIGNIDAD (Dignity) Act of 2025](https://policyrisk.com/legislation/119-hr-4393)
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [119-hr-562: BLUE Pacific Act](https://policyrisk.com/legislation/119-hr-562)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4301 (as of 2026-04-21).