PEACE Act

This bill would require the President to impose sanctions if the President determines that Azerbaijan has carried out hostile military actions against Armenia. Sanctions would include freezing U.S.-held property and denying or revoking visas for senior Azerbaijani officials, their immediate family members, involved military units or agencies, and foreign persons who helped. Starting 60 days after the President certifies such actions, foreign banks that conduct significant transactions with Azerbaijani banks tied to the oil trade could be barred from holding certain U.S. accounts. Sales of food, medicine, medical devices, and humanitarian aid would be exempt, and the President could waive or end sanctions under set conditions. The President would report to Congress every 90 days on whether Azerbaijan has engaged in hostile actions, and the law would expire after 7 years.

Full text and official record on Congress.gov

Sponsors

• Darrell Issa Republican sponsor
• 2 cosponsors