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US HB5632
Bill
Status
9/30/2025
Primary Sponsor
Darrell Issa
Click for details
AI Summary
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Requires the President to impose sanctions on Azerbaijan if it engages in hostile actions against Armenia, including blocking property, denying visas, and restricting foreign financial institutions that facilitate Azerbaijani petroleum trade
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Targets senior Azerbaijani government officials, military units, civilian agencies involved in hostile actions, and foreign persons who knowingly aid such aggression, along with their immediate family members
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Sanctions on foreign financial institutions take effect 60 days after Presidential certification, with restrictions on correspondent and payable-through accounts in the U.S. for banks facilitating Azerbaijani oil trade
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Exempts humanitarian transactions including agricultural commodities, food, medicine, medical devices, and authorized intelligence activities from sanctions
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Requires Presidential reporting to Congress every 90 days on Azerbaijan's actions toward Armenia, with a 7-year sunset provision on the Act's authority
Legislative Description
PEACE Act Preventing Escalation and Advancing Caucasus Engagement Act
International affairs
Last Action
Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, and Financial Services, 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.
9/30/2025