To impose sanctions with respect to oil and gas extraction and refinement by the Russian Federation, and for other purposes.
Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Financial Services, Ways and Means, Oversight and Government Reform, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The measure would place sanctions on Russian entities involved in extracting and refining oil and gas, and could affect U.S. companies that do business with them. It is intended to pressure Russia by targeting a major source of its revenue. The bill is currently referred to several House committees for further consideration.
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