H.R. 436: To prohibit the use of Federal funds to support or facilitate the participation of the Russian Federation in the Group of Seven, and for other purposes.
This bill, titled HR 436, aims to prohibit the use of federal funds to support or facilitate the participation of the Russian Federation in the Group of Seven (G7) or in any reconstituted group that would include Russia, such as a Group of Eight (G8). Here are the key points of the bill:
1. Policy Statement
The bill establishes that it is the policy of the United States to exclude Russia from the G7. This expresses a stance against Russia being part of discussions held by this group of countries, which is comprised of major advanced economies.
2. Funding Limitations
Specifically, the bill states that:
- No federal funds may be appropriated or made available for actions that support or facilitate:
- (1) The participation of Russia in any G7 proceedings.
- (2) The reconstitution of the G8 to include Russia.
This means that any efforts or expenses that would involve Russia in the G7 or a potential G8 are prohibited under the terms of this bill.
3. Legislative Process
The bill was introduced to the U.S. House of Representatives on January 15, 2025, by Mr. Keating and co-sponsored by Mr. Fitzpatrick. It has been referred to the Committee on Foreign Affairs for further consideration.
4. Implications
The intent of the legislation is to reinforce the United States' position regarding Russia, especially in the context of international relations and diplomacy within the group of major economies. By cutting off funding, it aims to ensure that Russia does not participate in influential international economic discussions and decision-making processes that occur in the G7 framework.
Relevant Companies
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This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
17 bill sponsors
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TrackWilliam R. Keating
Sponsor
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TrackDon Bacon
Co-Sponsor
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TrackJim Costa
Co-Sponsor
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TrackBrian K. Fitzpatrick
Co-Sponsor
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TrackJosh Gottheimer
Co-Sponsor
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TrackSteny H. Hoyer
Co-Sponsor
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TrackJulie Johnson
Co-Sponsor
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TrackYoung Kim
Co-Sponsor
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TrackMichael Lawler
Co-Sponsor
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TrackSarah McBride
Co-Sponsor
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TrackJames C. Moylan
Co-Sponsor
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TrackJohnny Olszewski
Co-Sponsor
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TrackChristopher H. Smith
Co-Sponsor
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TrackThomas R. Suozzi
Co-Sponsor
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TrackDina Titus
Co-Sponsor
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TrackMichael R. Turner
Co-Sponsor
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TrackJoe Wilson
Co-Sponsor
Actions
2 actions
| Date | Action |
|---|---|
| Jan. 15, 2025 | Introduced in House |
| Jan. 15, 2025 | Referred to the House Committee on Foreign Affairs. |
Corporate Lobbying
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Potentially Relevant Congressional Stock Trades
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