RESCUE Act
Rep. Kean Introduces RESCUE Act to Sanction Russia's State Nuclear Company Rosatom
The RESCUE Act is currently in the early stages of the legislative process. It has been sent to the House Committee on Foreign Affairs and the House Committee on Financial Services for review. No further actions are scheduled at this time.
Legislative Progress
While there is bipartisan concern about Russian energy, bills targeting the nuclear sector face hurdles due to the current U.S. reliance on Russian uranium for domestic power plants.
Key Points
Impact Analysis
Personal Impact
Life & Work
U.S. companies involved in nuclear energy supply chains that have business relationships with Rosatom or its subsidiaries would need to find alternative suppliers. Any U.S. person doing business with sanctioned entities could face penalties under the International Emergency Economic Powers Act, forcing costly restructuring of supply chain relationships.
“The penalties provided for in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act (50 U.S.C. 1705) shall apply to a person that violates, attempts to violate, conspires to violate, or causes a violation of regulations promulgated under subsection (d)”
Disabilities
Milestones
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
2 articles
Kean introduces bill to sanction Russia's Rosatom over Ukraine war
U.S. Rep. Tom Kean Jr. has introduced the Rosatom Energy Sanctions Compliance and Unified Enforcement (RESCUE) Act. The legislation aims to sanction Russia's state-owned nuclear energy corporation to cut off revenue supporting the war in Ukraine and reduce Western reliance on Russian nuclear fuel.
Explainer: Why Russia's nuclear industry has escaped major sanctions
Despite its role in the occupation of the Zaporizhzhia plant, Rosatom has largely avoided full blocking sanctions due to Western reliance on its uranium enrichment. New legislative efforts like the RESCUE Act seek to address this by targeting foreign entities that facilitate Rosatom's expansion.
Source Information
Document Type
Congressional Bill
Official Title
RESCUE Act
Data Sources
Sponsor
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