Today, Congressman Bill Huizenga (R-MI), Ranking Member of the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee announced the introduction of H.R. 6900, the Russian Sovereign Debt Prohibition Act of 2022.
“This legislation will continue to place tighter restrictions on Russian debt and more importantly, Russian banks,” said Congressman Bill Huizenga. “The Russian Sovereign Debt Prohibition Act of 2022 cuts off another avenue for Vladimir Putin to finance his invasion of Ukraine by preventing U.S. financial institutions from buying and servicing Russian debt. The United States must continue to lead efforts to sanction Russia and I am proud to add this legislation to the arsenal of financial tools intended to do just that.”
Original source can be found here.
