PEACE Act of 2025
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Summary
The PEACE Act of 2025 imposes financial sanctions on Russia to pressure a resolution to the Ukraine conflict. It requires the Treasury Secretary to prohibit or strictly condition U.S. banking access for foreign financial institutions that provide services to Russian entities already under sanctions or operating in Russia's energy sector. The bill also authorizes the seizure and transfer of Russian government assets held in U.S. financial institutions to a Ukraine support fund, with presidential waiver authority available if Russia takes meaningful steps toward peace or if national interest requires it. The sanctions expire after 5 years or 30 days after the President certifies Russia has ceased destabilizing activities in Ukraine.
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How your representatives voted
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