Section 1 Short title
This Act may be cited as the “Protecting Our Wellbeing by Expanding Russian Sanctions Act” or the “POWERS Act”.
Protecting Our Wellbeing by Expanding Russian Sanctions Act
A BILL
To expand the Protecting Europe’s Energy Security Act of 2019 and require the reinstatement of sanctions waived with respect to Nord Stream 2 AG and corporate officers of Nord Stream 2 AG.
Sec. 2 Expansion of protecting Europe’s Energy Security Act of 2019
Section 7503(a)(1)(B) of the Protecting Europe’s Energy Security Act of 2019 (title LXXV of Public Law 116–92; 22 U.S.C. 9526 note) is amended—
in clause (iv), by striking “; or” and inserting a semicolon;
in clause (v), by striking “; and” and inserting “; or”; and
by adding at the end the following:
“(vi) engaged in any transaction with any foreign person described in any of clauses (i) through (v); and”
Sec. 3 Reinstatement of waived sanctions
Any sanctions under section 7503 of the Protecting Europe’s Energy Security Act of 2019 (title LXXV of Public Law 116–92; 22 U.S.C. 9526 note) or any other provision of law waived with respect to Nord Stream 2 AG or any corporate officer of Nord Stream 2 AG before the date of the enactment of this Act—
shall be reinstated; and
notwithstanding subsection (f) of that section, may not be waived except pursuant to an Act of Congress.