US HB4346

H.R. 4346 - PEACE Act of 2025

• Secretary of the Treasury must issue regulations within 180 days to prohibit or restrict U.S. correspondent and payable-through accounts for foreign financial institutions providing significant services to Russian-sanctioned persons, entities under Executive Order 14024, or those operating in Russia's energy sector

• Civil penalties up to $377,700 or twice the transaction amount for violations; criminal penalties up to $1,000,000 in fines and 20 years imprisonment for willful violations

• Treasury must report to Congress within 90 days on whether Gazprom, Rosneft, and Lukoil qualify as foreign persons operating in Russia's energy sector subject to sanctions

• Treasury must seize Russian sovereign assets (Central Bank, National Wealth Fund, Ministry of Finance funds) held by U.S. financial institutions within 90 days and deposit proceeds into the Ukraine Support Fund for Ukrainian aid and defense purchases

• President may waive requirements for up to 180 days at a time if the waiver advances peace negotiations or serves national interests; Act terminates 5 years after enactment or 30 days after Russia ceases destabilizing activities against Ukraine