The legislation excludes government officials of the Russian Federation from attending G20 Summits and other organizations that oversee the world’s financial system
For Immediate Release
May 11, 2022
Contact:
Arthur Bryant 202-225-1621
Washington, D.C. – Congresswoman Ann Wagner (R-MO), Vice Ranking Member of the House Financial Services Committee, released the following statement after the U.S. House of Representatives unanimously passed her Isolate Russian Government Officials Act of 2022:
“Russia’s evil actions against Ukraine have galvanized our nation and made it clear how urgent it is we stand up against Vladimir Putin’s atrocities. My bill will help diminish Russia’s influence worldwide and pressure Putin to withdraw from Ukraine and admit defeat. I urge the Senate to take up my legislation and help put an end to Russia’s unprovoked and unwarranted invasion of Ukraine.”
Background
This bill would exclude government officials of the Russian Federation from attendance at the following meetings:
– Group of 20
– Bank for International Settlements
– Basel Committee for Banking Standards
– Financial Stability Board
– International Association of Insurance Supervisors
– International Organization of Securities Commissions
Treasury and the Federal Reserve would implement the exclusions and these exclusions would expire 5 years after enactment or 30 days after the President reports to Congress that the Government of the Russian Federation has ceased its destabilizing activities with respect to the sovereignty of Ukraine.
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Arthur Bryant
Communications Director
Congresswoman Ann Wagner (MO-2)
2350 Rayburn House Office Building
Washington, D.C. 20515