H.R. 4301 — PEACE Act of 2025

This section states congressional findings regarding Russian military attacks on Ukrainian energy infrastructure, civilian residences, and other targets from March to May 2025—including six assaults on DTEK facilities in Odesa, a missile strike on Kryvyi Rih killing 20 people, a strike on Sumy killing 35 people, and Russia's largest aerial attack of the war on May 25—and the President's public calls for a Russia-Ukraine ceasefire and final peace settlement, including consideration of large-scale banking sanctions, sanctions, and tariffs on Russia.

This section requires the Secretary of the Treasury, not later than 180 days after the date of enactment, to prescribe regulations prohibiting, or imposing strict conditions on, the opening or maintaining in the United States of a correspondent account or payable-through account by any foreign financial institution that knowingly provides significant financial services to— (1) any foreign person designated for sanctions under Executive Orders 13660, 13661, 13662, 13685, or 14024, or title II of the Countering America's Adversaries Through Sanctions Act; (2) a foreign financial institution subject to the prohibitions of Directive 2 under Executive Order 14024; (3) an entity listed in Annex 1 of Directive 3 under Executive Order 14024; or (4) any foreign person operating in the energy sector of the Russian Federation. This section authorizes the President to use all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act to carry out these requirements and subjects violators to penalties under section 206(b) and (c) of that Act.

This section requires the Secretary of the Treasury, not later than 90 days after the date of enactment, to submit to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs a report determining whether (1) Gazprom, (2) Rosneft, and (3) Lukoil are foreign persons described under section 3(a)(4).

This section authorizes the President to waive the requirements of section 3(a) with respect to a foreign financial institution for not more than 180 days at a time, upon reporting to Congress that the waiver either (1) advances the objective of resolving the national emergency described in any Executive Order listed under section 3(a)(1), or (2) is important to the national interest of the United States (with a detailed explanation of the reasons).

This section terminates the Act on the earlier of (1) 30 days after the President reports to Congress that the Russian Federation has ceased destabilizing activities with respect to the sovereignty and territorial integrity of Ukraine; or (2) five years after the date of enactment. (Thus, the Act sunsets automatically after five years unless terminated earlier upon presidential certification.)