Sanctions Lists Harmonization: Faster Coordination Against Foreign Threats.
This bill requires federal agencies to quickly share information when a foreign individual or entity is placed on a sanctions list. If a party is sanctioned by one agency (e.g., Treasury), other agencies must review and decide whether to add them to their own lists within 90 days. While not directly impacting domestic life, this change aims to strengthen national security and foreign policy enforcement by closing loopholes in economic restrictions.
Key points
Mandates rapid notification (within 30 days) between agencies when a new individual or entity is added to any major sanctions list.
Requires agencies to review and determine within 90 days if the newly sanctioned party should be included on their specific lists (e.g., export control lists).
The goal is to ensure consistent and comprehensive application of US sanctions across all relevant government departments.
Status:
Expired
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