# 119-hr-4346: PEACE Act of 2025

119-hr-4346, PEACE Act of 2025, is a 119th Congress bill sponsored by Rep. Nunn, Zachary [R-IA-3] (R-IA); status in_committee; PRIA reads it as touching household money (as of 2026-07-19).

- Canonical: https://policyrisk.com/legislation/119-hr-4346
- As of: 2026-07-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4346
- Congress: 119
- Title: PEACE Act of 2025
- Status: in_committee
- Introduced: 2025-07-10
- Sponsor: Rep. Nunn, Zachary [R-IA-3] (R-IA)
- Cosponsors: 4
- Policy area: International Affairs
- Touches household money: yes
- Last recorded action: 2026-07-19

## Summary

**Targets major Russian energy and financial interests** to deter and disrupt destabilizing actions in Europe. The bill would create a Treasury-run sanctions regime that restricts U.S. correspondent and payable-through accounts for foreign banks serving specified Russian entities and authorizes moving certain Russian assets to a Ukraine Support Fund. - Foreign financial institutions would face prohibitions or strict conditions on opening or maintaining correspondent or payable-through accounts in the United States if they knowingly provide significant services to specified Russian entities or sectors. Violations carry civil fines up to the greater of $377,700 or twice the transaction amount and criminal penalties up to $1 million and 20 years in prison. - U.S. financial institutions could be required to transfer, seize, or vest certain Russian assets they hold into the Ukraine Support Fund for Ukraine-related purposes or defense articles. The bill sets a 90-day deadline for such action and allows a 180-day waiver option that can extend up to a cumulative year. - Treasury must determine within 90 days whether Gazprom, Rosneft, and Lukoil meet the bill's energy-sector criteria, and the President may waive those section 3(a) requirements for 180 days at a time upon a congressional reporting trigger.

## Cosponsors (4)

- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2025-07-10T00:00:00.000Z
- Rep. Barrett, Tom [R-MI-7] (R-MI), 2025-07-14T00:00:00.000Z
- Rep. Conaway, Herbert C. [D-NJ-3] (D-NJ), 2025-07-21T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2025-09-10T00:00:00.000Z

## Provisions PRIA read

- Limits on foreign banks' U.S. accounts: cost, medium. If enacted, the bill would require Treasury to write rules within 180 days to block or tightly limit U.S. correspondent and payable-through accounts for foreign banks that knowingly provide major services to certain Russian-linked entities. Treasury must report within 90 days on whether Gazprom, Ro…
- Automatic end date for the Act: mixed, medium. If enacted, the bill would end automatically on the earlier of two events. It would end 30 days after the President reports that Russia stopped destabilizing Ukraine. Or it would end five years after the bill becomes law. The end would be automatic when either event occurs.
- Seize Russian state assets for Ukraine: mixed, medium. If enacted, Treasury would have 90 days to seize, transfer, or vest covered Russian central bank, national wealth fund, or finance ministry funds and property located in the United States. The money would be deposited into the Ukraine Support Fund and could be used for Ukraine-related aid or to buy…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-1004: Love Lives On Act of 2025
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-5401: Pay Our Troops Act of 2026
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025

## Sources
- [119-hr-4346 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4346)

## 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-1004: Love Lives On Act of 2025](https://policyrisk.com/legislation/119-hr-1004)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-5401: Pay Our Troops Act of 2026](https://policyrisk.com/legislation/119-hr-5401)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4346 (as of 2026-07-19).