PRIA, Government Policy, Made Personal

Summary

The President must, within 30 days after September 18, 2026 and then every 180 days, review any company that Russia might own or control or that might be connected to the Russian government. If the President finds Russia has a controlling or majority ownership interest, or that the company is otherwise affiliated with Russia, the President must impose the sanctions below. Using the powers in the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the President must block and forbid any deals or transfers involving that entity’s property or property interests when the property is in the United States, comes into the United States, or is held or controlled by a U.S. person.

Title 22, §10804

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)In general

Not later than 30 days after September 18, 2026, and every 180 days thereafter, the President shall—

(1)review any entity—

(A)in which the Government of the Russian Federation may have a controlling or majority ownership interest; or

(B)that may otherwise be affiliated with the Government of the Russian Federation; and

(2)impose the sanctions described in subsection (b) with respect to an entity if the President determines that—

(A)the Government of the Russian Federation has a controlling or majority ownership interest in the entity; or

(B)the entity is otherwise affiliated with the Government of the Russian Federation.

(b)Sanctions described

The President shall exercise all of the powers granted to the President under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent necessary to block and prohibit all transactions in property and interests in property of an entity described in subsection (a) if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The International Emergency Economic Powers Act, referred to in subsec. (b), is title II of Pub. L. 95–223, Dec. 28, 1977, 91 Stat. 1626, which is classified generally to chapter 35 (§ 1701 et seq.) of Title 50, War and National Defense. For complete classification of this Act to the Code, see

Short Title

note set out under section 1701 of Title 50 and Tables.

§10804 Imposition of Sanctions with Respect to Other Entities Owned or Controlled by the Government of the Russian Federation