A Republican bill with 1 Democratic cosponsor · See the cosponsor
Last activity — 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.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The PEACE Act of 2025 aims to secure a peaceful resolution to the conflict between Russia and Ukraine. It requires the Secretary of the Treasury to create regulations that prohibit or strictly condition the use of correspondent or payable-through accounts in the United States by certain foreign financial institutions. These restrictions target institutions that knowingly provide significant financial services to sanctioned Russian persons or entities, as well as those operating in Russia's energy sector. The President is granted specific authorities to implement these measures and may issue temporary waivers. The Act includes requirements for the Secretary of the Treasury to report on specific Russian entities. Finally, the Act will expire after a specific period or once the President reports that Russian destabilizing activities have ceased.
Yes· 3 of 4
- Scored +5
Does this strengthen ties with allied countries?
The bill uses financial pressure to support the sovereignty of Ukraine, which strengthens international resolve.
- Scored +4
Does this give the federal government more power?
The bill grants the President significant authority to regulate foreign financial institutions and impose sanctions.
- Scored +3
Does this favour talking over confrontation abroad?
The act aims to force a peace settlement through economic coercion.
The opposite
- Scored -2
Does this make trade with other countries easier?
The bill implements restrictive financial measures that impact international banking and trade relations.
Who it would affect, and how
Potential Positive Impacts for People
-
Resolution of Conflict: The bill is intended to secure a peaceful resolution to the Russia-Ukraine conflict (Section 1 and Section 3).
-
Economic Pressure on Targeted Sectors: By targeting financial institutions that serve sanctioned persons and the Russian energy sector, the bill seeks to address the conflict through financial restrictions (Section 3(a)(1) and Section 3(a)(4)).
Potential Negative Impacts for People
- Penalties for Violations: Any person that violates, attempts to violate, conspires to violate, or causes a violation of these regulations will be subject to penalties under the International Emergency Economic Powers Act (Section 3(b)(2)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Governance And Ideology
- Does this give the federal government more power? — The bill grants the President significant authority to regulate foreign financial institutions and impose sanctions. Does this make what the government does easier for the public to see? — The bill requires specific reporting to Congress regarding Russian entities and the status of the conflict.
- National Security And Foreign Policy
- Does this strengthen ties with allied countries? — The bill uses financial pressure to support the sovereignty of Ukraine, which strengthens international resolve. Does this favour talking over confrontation abroad? — The act aims to force a peace settlement through economic coercion. Does this make trade with other countries easier? — The bill implements restrictive financial measures that impact international banking and trade relations.
- 7/7/2025
- 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.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Josh GottheimerDemocrat · New Jersey