{"database": "press", "table": "releases", "rows": [["https://nunn.house.gov/2025/10/22/white-house-implements-key-peace-act-sanctions-nunn-calls-for-full-codification/", "White House Implements Key PEACE Act Sanctions, Nunn Calls for Full Codification", "2025-10-22", "2025", "2025-10", "Republican", "House", "IA", "Zachary Nunn", "N000193", "nunn.house.gov", "nunn", "https://nunn.house.gov/category/news/press-releases/", "scraper", "WASHINGTON, D.C. \u2014 The U.S. Treasury Department today announced sweeping new sanctions on Russia\u2019s two largest oil companies, a move that mirrors core provisions of the Preventing the Escalation of Armed Conflict in Europe (PEACE) Act, introduced by Congressman Zach Nunn (IA-03) and passed by the House Financial Services Committee in July with overwhelming bipartisan support (53-1).\n\nTreasury\u2019s action targets two of the Kremlin\u2019s biggest revenue sources\u2014Rosneft and Lukoil\u2014imposing full sanctions on both companies, as well as dozens of their subsidiaries involved in oil production, refining, and distribution. The announcement also puts foreign financial institutions on notice, warning they may face secondary sanctions if they continue facilitating transactions for these companies. This mechanism directly mirrors the enforcement framework outlined in Rep. Nunn\u2019s PEACE Act.\n\n\u201cThe White House\u2019s move to finally impose targeted sanctions and cut off illicit Russian oil sales is the right call, and it\u2019s long overdue,\u201d said Rep. Nunn, Vice Chair of the House Financial Services Subcommittee on National Security. \u201cThat\u2019s exactly what the PEACE Act was designed to do. Iowans understand that we must back up our calls for peace with real consequences for bad actors like Putin. It\u2019s time to end the government shutdown and immediately pass the PEACE Act to codify these sanctions into law.\u201d\n\nRep. Nunn applauds President Trump for prioritizing a cease-fire and pursuing peace negotiations. But with Putin rejecting diplomacy and escalating his aggression, it is imperative that Congress pass the PEACE Act to immediately codify the administration\u2019s actions and cut off the illicit money flow fueling the Kremlin.\n\nThe PEACE Act, introduced July 7 and passed out of the House Financial Services Committee 53-1 on July 22, would codify and expand sanctions on Russia\u2019s energy sector by:\n\nBlocking U.S. bank access for any foreign financial institution that knowingly facilitates transactions for Russian energy firms or sanctioned entities;\n\nRequiring Treasury to determine and report whether key Russian oil giants\u2014Rosneft, Lukoil, and Gazprom\u2014qualify for sanctions under existing law;\n\nTriggering penalties for violators under the International Emergency Economic Powers Act;\n\nNarrowly allowing national security waivers with Congressional oversight;\n\nAutomatically terminating sanctions only if Russia halts its aggression or after five years.\n\nThe announcement of these new Russian sanctions marks a critical step forward, but codifying the PEACE Act is what will transform President Trump\u2019s decisive executive action into lasting policy. Signing Rep. Nunn\u2019s bill into law will ensure America\u2019s leadership, accountability, and resolve remain steadfast in the face of Russian aggression.", 1, "2026-03-30T01:40:41Z", "2026-04-06T19:32:54Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://nunn.house.gov/2025/10/22/white-house-implements-key-peace-act-sanctions-nunn-calls-for-full-codification/"], "units": {}, "query_ms": 0.7050079293549061, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}