Isolate Russian Government Officials Act of 2022
This bill requires the Department of the Treasury, the Securities and Exchange Commission, and the Board of Governors of the Federal Reserve System to take all necessary steps to exclude Russian government officials, to the maximum extent practicable, from certain international meetings, including the activities of the Group of 20, the Basel Committee for Banking Standards, and the Bank for International Settlements.
This requirement shall be in effect until the earlier of five years after the bill's enactment or 30 days after the President reports to Congress that Russia's government has ceased activities to destabilize Ukraine's sovereignty and territorial integrity. The President may also waive this requirement upon reporting to Congress that doing so is in the national interest of the United States.
To exclude government officials of the Russian Federation from certain 
            international meetings, and for other purposes.

    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 ``Isolate Russian Government Officials 
Act of 2022''.

SEC. 2. EXCLUSION OF GOVERNMENT OFFICIALS OF THE RUSSIAN FEDERATION.

    (a) Policy of the United States.--It is the policy of the United 
States to seek to exclude government officials of the Russian 
Federation, to the maximum extent practicable, from participation in 
meetings, proceedings, and other activities of the following 
organizations:
            (1) Group of 20.
            (2) Bank for International Settlements.
            (3) Basel Committee for Banking Standards.
            (4) Financial Stability Board.
            (5) International Association of Insurance Supervisors.
            (6) International Organization of Securities Commissions.
    (b) Implementation.--The Secretary of the Treasury, the Board of 
Governors of the Federal Reserve System, and the Securities and 
Exchange Commission, as the case may be, shall take all necessary steps 
to advance the policy set forth in subsection (a).
    (c) Termination.--This section shall have no force or effect on the 
earlier of--
            (1) the date that is 5 years after the date of enactment of 
        this Act; or
            (2) 30 days after the date that the President reports to 
        Congress that the government of the Russian Federation has 
        ceased its destabilizing activities with respect to the 
        sovereignty and territorial integrity of Ukraine.
    (d) Waiver.--The President may waive the application of this 
section if the President reports to the Congress that the waiver is in 
the national interest of the United States and includes an explanation 
of the reasons therefor.

            Passed the House of Representatives May 11, 2022.

            Attest:

                                             CHERYL L. JOHNSON,

                                                                 Clerk.
Isolate Russian Government Officials Act of 2022
To exclude government officials of the Russian Federation from certain international meetings, and for other purposes.
Isolate Russian Government Officials Act of 2022
Isolate Russian Government Officials Act of 2022
Isolate Russian Government Officials Act of 2022
Rep. Wagner, Ann