POWERS Act

The Protecting Our Well-being by Expanding Russian Sanctions (POWERS) Act seeks to increase economic pressure on Russia by expanding sanctions related to the Nord Stream 2 and TurkStream natural gas pipelines. The bill would penalize any foreign individual or company that conducts business with entities already sanctioned for their involvement in these pipeline projects. Additionally, it would revoke previous executive waivers for the company overseeing Nord Stream 2, requiring an act of Congress to lift those sanctions in the future.

For the average citizen, this bill represents a legislative effort to use economic tools to influence international energy markets and limit Russian influence in Europe. While the bill aims to strengthen national security and support domestic energy interests, such measures can lead to increased diplomatic tension and potential fluctuations in global energy prices.