PEACE Act of 2025

This bill would require the Treasury Department, within 180 days, to bar or strictly limit U.S. bank accounts used by foreign banks that knowingly provide significant financial services to sanctioned Russian persons, certain Russian banks and entities, or companies in Russia's energy sector. Violators could face civil fines or criminal penalties of up to $1,000,000 and up to 20 years in prison. Within 90 days, Treasury would have to report whether Gazprom, Rosneft, and Lukoil count as Russian energy-sector companies. It would also seize Russian government assets held by U.S. financial institutions and deposit them into a fund to support Ukraine, including buying defense items. The President could waive parts of the bill, and it would end after 5 years or 30 days after the President reports that Russia has stopped its actions against Ukraine.

Full text and official record on Congress.gov

Sponsors

• Zachary Nunn Republican sponsor
• 4 cosponsors