United States S 1764: POWERS Act

Bill Text

II
117TH CONGRESS
1ST SESSION S. 1764
To expand the Protecting Europe’s Energy Security Act of 2019 and require
the reinstatement of sanctions waived with respect to Nord Stream
2 AG and corporate officers of Nord Stream 2 AG.
IN THE SENATE OF THE UNITED STATES
MAY 20, 2021
Mr. CRAMER (for himself, Mr. TILLIS, Mr. GRASSLEY, Mr. DAINES, Mr.
BRAUN, Mr. MARSHALL, Mr. SCOTT of Florida, Mrs. HYDE-SMITH, Mrs.
CAPITO, Mr. CORNYN, Ms. ERNST, Mr. HOEVEN, Mr. CASSIDY, and Mr.
WICKER) introduced the following bill; which was read twice and referred
to the Committee on Foreign Relations
A BILL
To expand the Protecting Europe’s Energy Security Act of
2019 and require the reinstatement of sanctions waived
with respect to Nord Stream 2 AG and corporate officers
of Nord Stream 2 AG.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Protecting Our Well- 4
being by Expanding Russian Sanctions Act’’ or the 5
‘‘POWERS Act’’. 6
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2
•S 1764 IS
SEC. 2. EXPANSION OF PROTECTING EUROPE’S ENERGY SE-1
CURITY ACT OF 2019. 2
Section 7503(a)(1)(B) of the Protecting Europe’s 3
Energy Security Act of 2019 (title LXXV of Public Law 4
116–92; 22 U.S.C. 9526 note) is amended— 5
(1) in clause (iv), by striking ‘‘; or’’ and insert-6
ing a semicolon; 7
(2) in clause (v), by striking ‘‘; and’’ and insert-8
ing ‘‘; or’’; and 9
(3) by adding at the end the following: 10
‘‘(vi) engaged in any transaction with 11
any foreign person described in any of 12
clauses (i) through (v); and’’. 13
SEC. 3. REINSTATEMENT OF WAIVED SANCTIONS. 14
Any sanctions under section 7503 of the Protecting 15
Europe’s Energy Security Act of 2019 (title LXXV of 16
Public Law 116–92; 22 U.S.C. 9526 note) or any other 17
provision of law waived with respect to Nord Stream 2 18
AG or any corporate officer of Nord Stream 2 AG before 19
the date of the enactment of this Act— 20
(1) shall be reinstated; and 21
(2) notwithstanding subsection (f) of that sec-22
tion, may not be waived except pursuant to an Act 23
of Congress. 24
Æ
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