Title 22, Foreign Relations and IntercourseRelease 119-111

§10806 Prohibition on Listing or Trading of Russian Entities on United States Securities Exchanges

Title 22 › CHAPTER 115 — SANCTIONS WITH RESPECT TO THE RUSSIAN FEDERATION › § 10806

Last updated Sep 25, 2026|Official source

Summary

The Securities and Exchange Commission must, no later than 30 days after September 18, 2026, ban trading on national securities exchanges of securities issued by certain Russian government–linked issuers. This covers issuers that are Russian government officials or people tied to that government, or companies the Russian government controls, owns a majority of, or is otherwise affiliated with. Issuer and security: mean what federal securities law says in 15 U.S.C. 78c(a). National securities exchange: means an exchange registered under 15 U.S.C. 78f.

Full Legal Text

Title 22, §10806

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)In general

Not later than 30 days after September 18, 2026, the Securities and Exchange Commission shall prohibit the securities of an issuer described in subsection (b) from being traded on a national securities exchange.

(b)Issuers

An issuer described in this subsection is an issuer that is—

(1)an official of or individual affiliated with the Government of the Russian Federation; or

(2)an entity—

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

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

(c)Definitions

In this section: (1) Issuer; security

(2)National securities exchange

The term “national securities exchange” means an exchange registered as a national securities exchange in accordance with section 78f of title 15.

Reference

Citations & Metadata

Citation

22 U.S.C. § 10806

Title 22, Foreign Relations and Intercourse

Last Updated

Sep 25, 2026

Release point: 119-111