On July 14, 2022, the U.S. House of Representatives passed the National Defense Authorization Act for Fiscal Year 2023 (“NDAA”). One of the amendments included in the House-passed version of the NDAA is a revised version of the “Federal Contracting For Peace And Security Act.” The amendment would prohibit the federal government from entering into, extending, or renewing contracts with contractors that conduct business operations in Russia during its war against Ukraine, with certain exceptions…
On April 8, 2022, the President signed into law two bills suspending normal trade relations with Russia and Belarus and banning the import of Russian energy products. Both measures passed Congress by an overwhelming majority in the US House of Representatives and unanimous votes in the US Senate. Ending Importation of Russian Oil Act (H.R. 6968) On March 8, 2022, President Biden issued an Executive Order (“EO 14066”) that bans the importation of Russian oil,…
US Senate Democrats, with support from the White House, have introduced the Defending Ukraine Sovereignty Act of 2022 (S. 3488). This bill seeks to deter a Russian “escalation” of hostilities in or against Ukraine through the threat of imposing sanctions against Russian officials and companies, as well as individuals and entities involved in the Nord Stream 2 pipeline. The bill currently has 41 cosponsors, all Democrats, so they will need to find Republican support for…