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Ban on Federal Contracts with Companies Operating in Russia

This law stops the US government from making new deals or extending existing ones with companies still doing business in Russia during the war in Ukraine. The goal is to protect US national security by avoiding support for the aggressor's economy. This affects companies that contract with the federal government.
Key points
The US government will stop making contracts with companies doing business in Russia during the war.
There are exceptions, like for humanitarian work, supporting Ukraine, maintaining US embassies, or activities to stop operations in Russia.
Government agencies can make exceptions for national security or public interest reasons.
Companies seeking federal contracts will need to disclose if they operate in Russia.
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Additional Information
Print number: 117_S_4930
Sponsor: Sen. Peters, Gary C. [D-MI]
Process start date: 2022-09-22