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119-hr-8106119th CongressWALLET

RESCUE Act

Sponsored By: Representative Kean, Thomas H. [R-NJ-7]

Introduced

Summary

End U.S. dependence on Rosatom by creating a layered sanctions and export-control system to choke off Russian state nuclear financing and push allies to diversify nuclear supply. The bill also forces a clear U.S. strategy to find vulnerabilities in allied energy systems and to replace Rosatom services for reactor safety and overhaul.

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  • Requires the President to submit an unclassified decoupling strategy, with an optional classified annex, that details steps to replace Rosatom services and to identify allied infrastructure vulnerabilities. The plan is due within 180 days and must be updated annually for four years.
  • Triggers sanctions 180 days after enactment on foreign persons operating in Russia's nuclear sector and on those who knowingly sign significant contracts with specified Rosatom-linked entities. Sanctions use the International Emergency Economic Powers Act and can block property and bar transactions; termination is limited to narrow presidential certifications tied to Russian behavior.
  • Lets the President restrict correspondent and payable-through accounts for foreign banks that facilitate sanctioned activity and defines those banking terms. The bill preserves carve-outs for intelligence, UN operations, reactor safety, humanitarian assistance, and allows waivers for medical or industrial isotope transactions for up to seven years.

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 0 costs, 1 mixed.

Blocking sanctions on Rosatom-linked firms

If enacted, starting 180 days after the bill becomes law, the President would block property and transactions of certain foreign firms tied to Rosatom and Russia's nuclear sector. The ban would stop U.S. people from doing business with entities owned or controlled by the Russian government and those who contract on new reactors with them. The President could give 180-day waivers with notice to Congress. There is a special waiver process for medical or industrial isotope work that can last one year and be renewed up to seven years under strict conditions.

Plan to reduce Rosatom dependence

If enacted, the President would send Congress a plan within 180 days to stop U.S. dependence on Rosatom. The plan would be updated yearly for four years. It would show how to find other nuclear suppliers, replace Rosatom for reactor safety and overhaul services, and identify allied infrastructure or supply chain vulnerabilities. The plan would describe consultations with allies, propose help for the IAEA fuel bank in Kazakhstan, and outline steps to prevent sanctions evasion. The public strategy would be unclassified but could include a classified annex.

Limits on foreign bank correspondent accounts

If enacted, the President would be able to ban or tightly limit correspondent and payable-through accounts in the United States for foreign banks that the President finds helped covered Rosatom-related activities. The rule would affect U.S. banks that keep those accounts and could change how cross-border payments and banking relationships operate. The authority would apply after the bill becomes law when the President makes such a determination.

Definitions and quick sanctions reports

If enacted, the bill would define key terms and reporting rules used across the measure. It would say that "covered regulation" means parts 587 and 589 of 31 CFR as of enactment and define who counts as a foreign person, a United States person, Rosatom, and the relevant congressional committees. The President would have 30 days to decide and report to committee leaders if a named person meets the Act's sanctions criteria, and the report would state whether sanctions were or will be imposed.

Sponsors & CoSponsors

Sponsor

Kean, Thomas H. [R-NJ-7]

NJ • R

Cosponsors

  • Rep. Wilson, Joe [R-SC-2]

    SC • R

    Sponsored 7/21/2026

Roll Call Votes

No roll call votes available for this bill.

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