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Ban on Funding Russia from Energy Transactions

This act aims to limit the ability of U.S. financial institutions to engage in energy transactions with Russia that were previously blocked. This means that money from these transactions will not be able to flow to Russia, weakening its ability to fund military activities. For citizens, this means supporting U.S. foreign policy aimed at stabilizing the international situation.
Key points
U.S. financial institutions are prohibited from authorizing certain energy transactions with Russia that were previously allowed.
A temporary waiver (up to 90 days) is possible if funds are used for the sale of agricultural commodities, food, medicine, or medical devices.
The ban will expire after 5 years or sooner if Russia ceases its destabilizing activities in Ukraine.
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Expired
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Additional Information
Print number: 117_HR_6894
Sponsor: Rep. Barr, Andy [R-KY-6]
Process start date: 2022-03-02
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Energy Revenues for Russian Hostilities Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6894.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-02.

What are the main provisions?

Key points include:

  • U.S. financial institutions are prohibited from authorizing certain energy transactions with Russia that were previously allowed.
  • A temporary waiver (up to 90 days) is possible if funds are used for the sale of agricultural commodities, food, medicine, or medical devices.
  • The ban will expire after 5 years or sooner if Russia ceases its destabilizing activities in Ukraine.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Barr, Andy [R-KY-6].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Security