22 U.S.C. § 8908 — Sanctions on persons in the Russian Federation complicit in or responsible for significant corruption

(a) In general — This section applies to two groups. First, Russian government officials — or their close associates or family members — who the President decides, on or after August 2, 2017, committed, ordered, or helped with major corruption in Russia or elsewhere. That includes stealing private or public property for personal gain, corruption tied to government contracts or resource extraction, bribery, or moving corrupt proceeds to other countries. Second, anyone who materially helps, sponsors, or gives money, materials, technology, goods, or services to support that corruption.

(b) Sanctions described
(1) The President must impose two kinds of sanctions on these people:
(A) Asset blocking — Using all the powers under the International Emergency Economic Powers Act, the President must freeze all of the person's property and property interests that are in the United States, that enter the United States, or that a U.S. person controls.
(B) Exclusion from the United States — If the person is a foreign national ("alien^*"), the government must deny them a visa, keep them out of the United States, and cancel any visa or travel document they already have.
(2) Penalties — Anyone who violates, tries to violate, conspires to violate, or causes a violation of the asset-blocking rule (or any related regulation, license, or order) faces the same penalties as a violation of the International Emergency Economic Powers Act itself.
(3) Exception for importing goods — The asset-blocking power does not let the President block the importation of goods. "Good" has the meaning given in the cited section of title 50.
(4) Exception for the U.N. headquarters agreement — The travel-ban part of the sanctions does not apply if letting someone into the U.S. is necessary so the U.S. can keep its promises under the 1947 agreement establishing the United Nations headquarters, or other international obligations.

(c) Waiver — Except as subsection (d) requires, the President may waive sanctions for a person if the President decides the waiver serves U.S. national security interests, and notifies the relevant Senate and House committees, with reasons, on or before the waiver takes effect.

(d) Termination — Subject to section 9511, the President may end sanctions on a person by notifying Congress that the person has stopped the sanctioned activity (or taken real, verifiable steps toward stopping), and that the President has gotten reliable assurances the person will not knowingly do it again.

(e) Application of new sanctions — The President may waive sanctions before they are first applied to a person only by submitting to Congress a written finding that the waiver either serves vital national security interests or helps enforce this law, plus a certification that Russia is taking steps to carry out the Minsk peace agreements on eastern Ukraine (signed February 11, 2015, and the earlier Minsk Protocol from September 5, 2014) or any later agreements Ukraine's government accepts.

(e) Regulatory authority — (This subsection is also labeled "(e)" in the official text.) The President must issue whatever regulations, licenses, and orders are needed to carry out this section.