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HR 4346 · 119th Congress · International Affairs

PEACE Act of 2025

Introduced July 10, 2025 Latest action October 03, 2025 4 cosponsors

Sponsor

Latest action

Placed on the Union Calendar, Calendar No. 277.

Action timeline

Every recorded action on this bill, newest first. Stage badges color-code the legislative path.

Oct 03, 2025
committee Reported (Amended) by the Committee on Financial Services. H. Rept. 119-324.
Financial Services Committee
Oct 03, 2025
other Placed on the Union Calendar, Calendar No. 277.
Jul 22, 2025
committee Committee Consideration and Mark-up Session Held
Financial Services Committee
Jul 22, 2025
committee Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1.
Financial Services Committee
Jul 10, 2025
introduced Introduced in House

Text versions

Each stage of the bill — official text published by GPO. Click any format to read on congress.gov / govinfo.

Oct 03, 2025 Reported in House
XML
Jul 10, 2025 Introduced in House
XML

Changelog
ⓘ

How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.

  1. ih / is — Introduced in House / Senate. First filed version.
  2. rfh / rfs — Referred to a committee for review.
  3. rh / rs — Reported back by the committee to the floor (often with amendments — this is where most language changes happen).
  4. pcs / pch — Placed on Calendar for floor consideration.
  5. eh / es — Engrossed. Passed by the originating chamber. Text is now what was actually voted on.
  6. rdh / rds — Received by the other chamber.
  7. eah / eas — Engrossed Amendment. The other chamber passed an amended version.
  8. ath / ats — Agreed to. Both chambers settled on the same text.
  9. enr — Enrolled. Final reconciled text, sent to the President.
  10. pl — Public Law. Signed by the President. It's now law.
  11. pp — Public Print. Official printing post-enactment.

Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.

Line-level diff between text versions of this bill — what actually changed at each legislative stage.

→
+112 −9 54 unchanged
--- Introduced (House)
+++ Reported (House)
@@ -1,11 +1,14 @@
[From the U.S. Government Publishing Office]
-[H.R. 4346 Introduced in House (IH)]
+[H.R. 4346 Reported in House (RH)]
<DOC>
+Union Calendar No. 277
119th CONGRESS
1st Session
H. R. 4346
+
+[Report No. 119-324]
To secure a peaceful resolution to the Russia-Ukraine conflict by
requiring the Secretary of the Treasury to prohibit, or impose strict
@@ -22,6 +25,19 @@
Mr. Nunn of Iowa (for himself and Mr. Gottheimer) introduced the
following bill; which was referred to the Committee on Financial
Services
+
+October 3, 2025
+
+Additional sponsors: Mr. Barrett, Mr. Conaway, and Mr. Suozzi
+
+October 3, 2025
+
+Reported with an amendment, committed to the Committee of the Whole
+House on the State of the Union, and ordered to be printed
+[Strike out all after the enacting clause and insert the part printed
+in italic]
+[For text of introduced bill, see copy of bill as introduced on July
+10, 2025]
_______________________________________________________________________
@@ -68,12 +84,21 @@
(6) On May 27, 2025, the President posted on social media
with reference to Russian leader Vladimir Putin: ``He's playing
with fire!''.
-(7) Hours after a July 3, 2025, call between the President
+(7) Hours after a July 3, 2025 call between the President
and Putin, Russia carried out its largest-yet aerial assault of
the war against Kyiv. Less than one week later, following
remarks by the President at a Cabinet meeting criticizing
Putin, Russia launched an even more expansive drone strike
against Ukrainian targets.
+(8) On July 14, 2025, the President reiterated his
+displeasure with Putin and Moscow's obstruction of the peace
+process. ``I speak to [Putin] a lot about getting this thing
+done,'' said the President while announcing new weapons
+deliveries for Ukraine. ``And I always hang up and say, `Well,
+that was a nice phone call'. And then missiles are launched
+into Kyiv or some other city.'' The President continued,
+``Ultimately talk doesn't talk. It's got to be action. It's got
+to be results.''.
SEC. 3. SANCTIONS WITH RESPECT TO THE RUSSIAN FEDERATION.
@@ -85,10 +110,9 @@
knowingly provides significant financial services to--
(1) any foreign person designated for the imposition of
sanctions with respect to the Russian Federation under--
-(A) Executive Orders 13660, 13661, 13662, 13685, or
-14024; or
+(A) Executive Order 14024; or
(B) title II of the Countering America's
-Adversaries through Sanctions Act (Public Law 114-44)
+Adversaries through Sanctions Act (Public Law 115-44)
or an amendment made by that title;
(2) a foreign financial institution subject to the
prohibitions of Directive 2 under Executive Order 14024;
@@ -115,7 +139,7 @@
SEC. 4. DETERMINATION REQUIRED.
Not later than 90 days after the date of enactment of this Act, the
-Secretary of the Treasury shall submit a report to Committee on
+Secretary of the Treasury shall submit a report to the Committee on
Financial Services of the House of Representatives and the Committee on
Banking, Housing, and Urban Affairs of the Senate determining whether
the following are foreign persons described under section 3(a)(4):
@@ -129,13 +153,67 @@
waive the requirements of section 3(a) for not more than 180 days at a
time upon reporting to Congress that--
(1) the waiver advances the objective of resolving the
-national emergency described in any Executive Order listed
+national emergency described in the Executive Order listed
under section 3(a)(1); or
(2) the waiver is important to the national interest of the
United States, provided that the President includes a detailed
explanation of the reasons therefor.
-SEC. 6. TERMINATION.
+SEC. 6. TRANSFER OF CERTAIN RUSSIAN ASSETS HELD BY UNITED STATES
+FINANCIAL INSTITUTIONS.
+
+(a) Transfer From United States Financial Institutions.--
+(1) In general.--Not later than 90 days following the date
+of the enactment of this Act, the Secretary of the Treasury
+shall--
+(A) seize, confiscate, transfer, or vest any
+covered Russian resources, in whole or in part, and
+including any interest or interests in such assets,
+held by a United States financial institution; and
+(B) deposit the resulting funds into the Ukraine
+Support Fund established under subsection 104(d) of the
+REPO for Ukrainians Act (22 U.S.C. 9521 note), which
+may be used for the purposes specified in section
+104(f) of such Act or for the purchase of defense
+articles for the Government of Ukraine.
+(2) Authorities.--The Secretary of the Treasury shall have
+the same authority under this subsection with respect to
+covered Russian resources as are provided to the President
+under section 104(b) of the REPO for Ukrainians Act (22 U.S.C.
+9521 note) with respect to Russian aggressor state sovereign
+assets.
+(b) Waiver.--The President may waive the requirements of subsection
+(a) for up to 180 days at a time, for a cumulative period not to exceed
+1 year, upon reporting to Congress in writing that--
+(1) the Government of the Russian Federation is taking
+meaningful steps to cease its destabilizing activities with
+respect to the sovereignty and territorial integrity of
+Ukraine; or
+(2) the waiver is important to the national interest of the
+United States.
+(c) Definitions.--In this section:
+(1) Covered russian resources.--The term ``covered Russian
+resources'' means funds and other property of the Central Bank
+of the Russian Federation, the Russian National Wealth Fund, or
+the Ministry of Finance of the Russian Federation that--
+(A) are included in a report pursuant to--
+(i) directive 4 of Executive Order 14024;
+or
+(ii) section 104(a) of the REPO for
+Ukrainians Act (22 U.S.C. 9521 note); and
+(B) are located in the United States.
+(2) United states financial institution.--The term ``United
+States financial institution'' means--
+(A) a financial institution specified in
+subparagraph (A), (B), (C), (D), (E), (F), (G), (H),
+(I), (J), (M), or (AA) section 5312(a)(2) of title 31,
+United States Code, as amended by the William M. (Mac)
+Thornberry National Defense Authorization Act for
+Fiscal Year 2021; and
+(B) such other persons or entities as the Secretary
+of the Treasury determines appropriate.
+
+SEC. 7. TERMINATION.
This Act shall have no force or effect on the earlier of--
(1) 30 days after the date that the President reports to
@@ -144,4 +222,29 @@
integrity of Ukraine; or
(2) the date that is 5 years after the date of the
enactment of this Act.
-<all>
+Union Calendar No. 277
+
+119th CONGRESS
+
+1st Session
+
+H. R. 4346
+
+[Report No. 119-324]
+
+_______________________________________________________________________
+
+A BILL
+
+To secure a peaceful resolution to the Russia-Ukraine conflict by
+requiring the Secretary of the Treasury to prohibit, or impose strict
+conditions on, the opening or maintaining in the United States of a
+correspondent account or a payable-through account by certain foreign
+financial institutions, and for other purposes.
+
+_______________________________________________________________________
+
+October 3, 2025
+
+Reported with an amendment, committed to the Committee of the Whole
+House on the State of the Union, and ordered to be printed

Cosponsors (4)

Members who signed on to support this bill.

Gottheimer D
Barrett R
Conaway D
Suozzi D