Russian Property Theft and Occupation Act of 2022
This bill requires the President to impose sanctions on foreign persons, acting under direct or indirect control of the Russian government, who seize, steal, or confiscate property in Ukraine for political or personal gain. The sanctions include blocking of the individual's U.S. property and ineligibility for U.S. visas, admission, or parole.
To impose sanctions with respect to foreign persons that engage in 
             certain transactions with Ukrainian property.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Russian Property Theft and 
Occupation Act of 2022''.

SEC. 2. SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT ENGAGE IN 
              CERTAIN TRANSACTIONS WITH UKRAINIAN PROPERTY.

    (a) Imposition of Sanctions.--
            (1) In general.--On and after the date that is 30 days 
        after the date of the enactment of this Act, the President 
        shall impose the sanctions described in subsection (b) with 
        respect to a foreign person if the President determines that 
        the foreign person, on or after such date of enactment, 
        knowingly engages in an activity described in paragraph (2).
            (2) Activities described.--A foreign person--
                    (A) under the direct or indirect control of, or 
                acting for or on behalf of, the Government of the 
                Russian Federation that is responsible for or complicit 
                in, or has directly or indirectly engaged in, or 
                attempted to engage in, the seizure, confiscation, 
                theft, expropriation, or appropriation of property for 
                personal gain or political purposes in Ukraine;
                    (B) that knowingly provides significant financial, 
                material, or technological support to, or knowingly 
                engages in a transaction with, a foreign person 
                described in subparagraph (A); or
                    (C) that is a leader, official, senior executive 
                officer, or member of the board of directors of an 
                entity the President determines operates in illegally 
                occupied areas in Ukraine.
    (b) Sanctions Described.--
            (1) In general.--The sanctions to be imposed with respect 
        to a foreign person described in subsection (a) are the 
        following:
                    (A) Blocking of property.--The President shall 
                exercise all of the powers granted to the President 
                under the International Emergency Economic Powers Act 
                (50 U.S.C. 1701 et seq.) to the extent necessary to 
                block and prohibit all transactions in property and 
                interests in property of the foreign person if such 
                property and interests in property are in the United 
                States, come within the United States, or are or come 
                within the possession or control of a United States 
                person.
                    (B) Ineligibility for visas, admission, or 
                parole.--
                            (i) Visas, admission, or parole.--An alien 
                        described in subsection (a) is--
                                    (I) inadmissible to the United 
                                States;
                                    (II) ineligible to receive a visa 
                                or other documentation to enter the 
                                United States; and
                                    (III) otherwise ineligible to be 
                                admitted or paroled into the United 
                                States or to receive any other benefit 
                                under the Immigration and Nationality 
                                Act (8 U.S.C. 1101 et seq.).
                            (ii) Current visas revoked.--
                                    (I) In general.--An alien described 
                                in subsection (a) is subject to 
                                revocation of any visa or other entry 
                                documentation regardless of when the 
                                visa or other entry documentation is or 
                                was issued.
                                    (II) Immediate effect.--A 
                                revocation under subclause (I) shall--
                                            (aa) take effect 
                                        immediately; and
                                            (bb) automatically cancel 
                                        any other valid visa or entry 
                                        documentation that is in the 
                                        alien's possession.
            (2) Penalties.--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 to carry out 
        paragraph (1)(A) to the same extent that such penalties apply 
        to a person that commits an unlawful act described in section 
        206(a) of that Act.
            (3) Exceptions.--Sanctions under paragraph (1)(B) shall not 
        apply with respect to an alien if admitting or paroling the 
        alien into the United States is necessary--
                    (A) to permit the United States to comply with the 
                Agreement regarding the Headquarters of the United 
                Nations, signed at Lake Success June 26, 1947, and 
                entered into force November 21, 1947, between the 
                United Nations and the United States, or other 
                applicable international obligations; or
                    (B) to carry out or assist law enforcement activity 
                in the United States.
    (c) Report Required.--Not later than 60 days after the date of the 
enactment of this Act, and every 90 days thereafter, the Secretary of 
State shall submit to the appropriate congressional committees a report 
that identifies, for the period beginning on the date of the enactment 
of this Act and ending on the date of the report, foreign persons that 
have engaged in the activity described in paragraphs (2)(A), (2)(B), 
and (2)(C) of subsection (a).
    (d) Congressional Requests.--Not later than 30 days after receiving 
a request from the chairman or ranking member of the appropriate 
congressional committees with respect to whether a person meets the 
criteria of a person described in subsection (a) the President shall--
            (1) determine if the person meets such criteria; and
            (2) submit a classified or unclassified report to such 
        chairman or ranking member, as the case may be, that submitted 
        the request with respect to that determination that includes a 
        statement of whether or not the President imposed or intends to 
        impose sanctions with respect to such person.
    (e) National Security Waiver.--The President may waive the 
application of sanctions under this section with respect to a foreign 
person if the President--
            (1) determines that the waiver is in the national security 
        interests of the United States; and
            (2) submits to the appropriate congressional committees a 
        report on the waiver and the reasons for the waiver.
    (f) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Foreign Relations and Committee on 
        Banking, Housing, and Urban Affairs of the Senate; and
            (2) the Committee on Foreign Affairs and Committee on 
        Financial Services of the House of Representatives.
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Russian Property Theft and Occupation Act of 2022
To impose sanctions with respect to foreign persons that engage in certain transactions with Ukrainian property.
Russian Property Theft and Occupation Act of 2022
Rep. Barr, Andy