PEACE Act of 2025
Summary
If enacted, this legislation would strengthen existing sanctions tools against Russia by restricting access to the U.S. financial system for banks that support Russia's military and economic capabilities. The bill aims to pressure Russia toward a peaceful resolution of the conflict in Ukraine by cutting off financial pathways that support Russian operations. The measure is currently in committee and has not yet been voted on by the full House.
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Lifecycle of the Bill
Introduced in House
Jul 7, 2025
Introduced in House
Jul 7, 2025
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 7, 2025
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 7, 2025
