This bill would disapprove of the Treasury Dept.’s December 19, 2018, decision to relax sanctions on three Russian companies connected to Russian oligarch Oleg Deripaska: EN+ Plc, JSC EuroSibEnergo, and United Co. Rusal Plc. Deripaska is allegedly under investigtion by Special Counsel Robert Mueller, and the Treasury Dept.’s decision wouldn’t affect the existing sanctions against Deripaska as an individual..
Under the Countering America’s Adversaries Through Sanctions Act of 2017, Congress is able to consider a privileged resolution disapproving of sanctions relief announced by the administration. Given when the Treasury Dept. announced the sanctions relief, Congress has until January 17, 2019, to pass the resolution.
As a joint resolution, this bill would need to pass both chambers of Congress and be signed into law by the president. It could also become law after a presidential veto if both chambers of Congress approve the resolution by a two-thirds margin.