S. 868: Mobilizing and Enhancing Georgia’s Options for Building Accountability, Resilience, and Independence Act

This bill, titled the "Mobilizing and Enhancing Georgia’s Options for Building Accountability, Resilience, and Independence Act" or the "MEGOBARI Act," aims to support democracy and the rule of law in Georgia. The key elements of the bill include:

Encouragement for Democratic Progress

The bill recognizes the achievements that Georgia has made in establishing a productive society since gaining independence from the Soviet Union. It also expresses concern over the recent democratic decline in Georgia, urging the Georgian government to uphold democratic ideals and align towards membership in the European Union (EU) and NATO.

U.S. Policy Direction

The legislation sets forth U.S. policy aimed at:

• Supporting Georgia's goals of EU and NATO membership.
• Protecting Georgia's sovereignty and territorial integrity against external aggression.
• Encouraging political parties and civil entities within Georgia to engage in reforms necessary for EU candidate status.
• Reviewing U.S. foreign assistance based on Georgia's commitment to democratic principles and reforms.
• Addressing corruption and blocking Euro-Atlantic integration efforts.

Reporting Requirements

The bill mandates the Secretary of State, in collaboration with intelligence and defense agencies, to submit reports on various matters, including:

• Russian intelligence activities in Georgia.
• A 5-year strategy for U.S.-Georgia relations, assessing funding, civil society support, and commitment levels from the Georgian government toward Euro-Atlantic integration.

Sanctions Provisions

The bill allows the President to impose sanctions against individuals and entities that are found to be involved in significant corruption or those undermining Georgia's political progress. It outlines:

• The criteria for identifying individuals subject to sanctions.
• Reporting requirements on imposed sanctions.
• Exceptions for humanitarian endeavors.

Additional Support Measures

Following the implementation of this bill, specific support measures are proposed, including enhancing academic exchanges and military cooperation to strengthen Georgia's defensive capabilities against external threats. The bill emphasizes ongoing support for civil society in Georgia, catering to the democratic aspirations of its people.

Sunset Clause

The provisions within this Act are designed to remain in effect for 5 years after enactment, after which a review will determine its future applicability and any required modifications.

Relevant Companies

• Nokia (NOK) - Could see impacts depending on how Georgia's telecommunications policies evolve, especially in relation to security partnerships.
• Raytheon Technologies (RTX) - Likely to be influenced by increased military cooperation and defense contracts with Georgia.