A bill to impose sanctions with respect to the provision of certain vessels for the construction of Russian energy export pipelines, and for other purposes.
Protecting Europe's Energy Security Act of 2019
This bill establishes sanctions related to the provision of vessels for the construction of Russian energy export pipelines.
The Department of State must report to Congress (1) a list of vessels engaged in below sea-level pipe laying for the construction of the Nord Stream 2 pipeline, the TurkStream pipeline, or any successor projects; and (2) a list of foreign individuals and entities that knowingly provided or facilitated the provision of the vessels for such pipeline construction. The State Department shall impose property- and visa-blocking sanctions on (1) the identified foreign individuals and entities, and (2) each corporate officer and principal shareholder with a controlling interest in the identified vessels.
The President may impose various sanctions on foreign individuals and entities that knowingly provide significant underwriting, insurance, or reinsurance for the identified vessels. The sanctions may include prohibitions from (1) receiving Export-Import Bank export assistance, (2) being designated as a primary dealer of U.S. government debt instruments, or (3) receiving U.S. government procurement contracts.
Referred to the Subcommittee on Immigration and Citizenship.
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Committee on Foreign Relations. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 169.
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