H.R. 7066 · 117th Congress

Russia and Belarus Financial Sanctions Act of 2022

Introduced on Mar 11, 2022 by Brad Sherman (D-CA-30). 2 cosponsors, 1 of them from another party. Latest action (May 12, 2022): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Stage
Passed one chamber
Introduced
Mar 11, 2022
Cosponsors
2
1 from the other party
Policy area
Finance and Financial Sector
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

Official title

To require United States financial institutions to ensure entities and persons owned or controlled by the institution comply with financial sanctions on the Russian Federation and the Republic of Belarus to the same extent as the institution itself, and for other purposes.

Subjects

  • Bank accounts, deposits, capital
  • Banking and financial institutions regulation
  • Belarus
  • Credit and credit markets
  • Europe
  • Foreign and international banking
  • International monetary system and foreign exchange
  • Russia
  • Sanctions
  • Securities

Summary

By the Congressional Research Service (Passed House, May 11, 2022). Public domain.

Russia and Belarus Financial Sanctions Act of 2022

This bill requires a U.S. financial institution to take all necessary and available actions to ensure any entity or person owned or controlled by such institution complies with financial sanctions applicable to Russia or Belarus to the same extent required of that institution.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Brad ShermanD-CA-30Sponsor

Democrats · 1

Republicans · 1

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

  1. On Motion to Suspend the Rules and Pass, as Amended
    May 11, 2022· House· Passage· Passed 418–2

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Mar 11, 2022Introduced in House
  2. Mar 11, 2022Introduced in House
  3. Mar 11, 2022 · HouseReferred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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.
  4. Mar 11, 2022 · HouseReferred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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.
  5. Mar 17, 2022 · HouseCommittee Consideration and Mark-up Session Held.
  6. Mar 17, 2022 · HouseOrdered to be Reported in the Nature of a Substitute by Voice Vote.
  7. Mar 22, 2022 · HouseReferred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
  8. May 10, 2022Reported (Amended) by the Committee on Financial Services. H. Rept. 117-319, Part I.
  9. May 10, 2022 · HouseReported (Amended) by the Committee on Financial Services. H. Rept. 117-319, Part I.
  10. May 10, 2022Committee on Agriculture discharged.
  11. May 10, 2022 · HouseCommittee on Agriculture discharged.
  12. May 10, 2022 · HousePlaced on the Union Calendar, Calendar No. 239.
  13. May 10, 2022 · HouseMr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
  14. May 10, 2022 · HouseConsidered under suspension of the rules. (consideration: CR H4748-4750)
  15. May 10, 2022 · HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 7066.
  16. May 10, 2022 · HouseAt the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  17. May 11, 2022 · HouseConsidered as unfinished business. (consideration: CR H4838)
  18. May 11, 2022Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 418 - 2 (Roll no. 159).House · Roll call 159
  19. May 11, 2022 · HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 418 - 2 (Roll no. 159). (text: 05/10/2022 CR H4748-4749)House · Roll call 159
  20. May 11, 2022 · HouseMotion to reconsider laid on the table Agreed to without objection.
  21. May 12, 2022 · SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.