H.R. 4346: PEACE Act of 2025
russia has kept bombing Ukrainian cities and energy sites despite U.S. calls for peace, killing civilians in Kryvyi Rih and Sumy. The PEACE Act would require the Treasury to bar or strictly limit the U.S. accounts foreign banks use to move dollars if they knowingly provide significant services to people and companies under U.S. sanctions on russia, or to its energy sector. The committee version would also have the Treasury seize frozen russian state assets held by U.S. financial institutions and move them into the Ukraine Support Fund.
Why it matters
This bill would make the Treasury cut off or strictly limit the U.S. accounts that foreign banks use to move dollars, if those banks knowingly provide significant services to sanctioned russian companies or russia's energy sector. The committee version would also send frozen russian state assets held in U.S. financial institutions to the Ukraine Support Fund. The Financial Services Committee approved it 53 to 1 in July 2025, and it has awaited a floor vote since October 2025. Ask your representative to cosponsor it and press leadership for that vote.
- Status
- On House Calendar
- Chamber
- House
- Committee
- Financial Services
- Sponsor
- Rep. Zachary Nunn (R-IA-3)
- Cosponsors
- 4
- Introduced
- 2025-07-10
Official text on Congress.gov
Українською
UAPortal