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H.R. 2548119th CongressIn committeeLatest action Apr 1, 2025Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
HR 2548 imposes automatic sanctions on Russia, including 500% tariffs and asset freezes, if Russia refuses peace or breaks a ceasefire.
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HR 2548 would create an automatic sanctions system against Russia triggered when the President determines Russia refuses to negotiate peace with Ukraine, breaks a peace agreement, or invades again. Within 15 days of that determination, the U.S. would freeze assets of top Russian officials, ban Russian stocks from U.S. exchanges, block U.S. bank transfers to or from Russia, bar American investment in Russia's energy sector, ban Russian uranium imports, and impose a tariff of at least 500 percent on all Russian goods. Countries that buy Russian oil, uranium, or gas would also face the same 500 percent tariff on their exports to the U.S.
The sanctions would apply to named Russian banks including Sberbank and VTB, Russian oligarchs, foreign companies supplying the Russian military, and any financial messaging service that continues doing business with sanctioned Russian banks. U.S. financial firms, investment funds, and brokerages would face new legal restrictions on any Russia-linked dealings.
The bill could reduce the global supply of oil and uranium and create economic pressure on countries that trade with Russia. U.S. investors and financial institutions would face new legal constraints, and the tariffs could affect product and energy markets for everyday Americans.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Financial Services, Ways and Means, and Oversight and Government Reform, 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.