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Strengthening Europe's Energy Security: Sanctions Extended and Waiver Removed.

This law extends sanctions related to energy pipeline projects that threaten European energy security until 2031. The key change is the removal of the President's authority to waive these sanctions, ensuring a stricter and long-term policy approach. While primarily foreign policy, this aims to support the energy stability of allies, indirectly affecting global markets and US national security.
Key points
Sanctions targeting energy pipeline projects in Europe are extended until January 1, 2031.
The President loses the power to temporarily suspend (waive) these sanctions, making them mandatory.
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Additional Information
Print number: 118_S_4483
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2024-06-05