United States 116th Congress Status: Died 1 D cosponsors

HR 8495 — SECURE Act Safeguarding Elections by Countering Unchallenged Russian Efforts Act

Last action — Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Intelligence (Permanent Select), and Rules, 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.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Prohibits U.S. entities and individuals from dealing in Russian sovereign debt and requires reports on Russian government attempts to interfere with U.S. elections. The prohibition shall apply to any financial instrument that represents Russian sovereign debt that has a maturity or duration period of at least 14 days, including (1) bonds issued by the Russian Central Bank, the Russian National Wealth Fund, or the Russian Federal Treasury; and (2) foreign exchange swap agreements with such entities. The President may suspend this prohibition if the President reports to Congress a determination that there is no significant evidence to determine that Russia's government (or its agents) knowingly engaged in interference of any federal election since the most recent prior regularly scheduled federal election. The President may also waive the application of the prohibition for national security purposes. If the President seeks a waiver on or before February 1, 2021, the waiver shall apply only if Congress passes a joint resolution supporting the waiver. The bill also requires the Office of the Director of National Intelligence to report to Congress and the President no later than 90 days after a regularly scheduled federal election on whether there is significant evidence to determine whether Russia's government or its agents knowingly engaged in interference of that election.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 8495 on the official United States source →

Action History

  1. Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Intelligence (Permanent Select), and Rules, 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.

  2. Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Intelligence (Permanent Select), and Rules, 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.

  3. Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Intelligence (Permanent Select), and Rules, 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.

  4. Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Intelligence (Permanent Select), and Rules, 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.

  5. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

International affairs Administrative law and regulatory procedures Congressional elections Congressional oversight Diplomacy, foreign officials, Americans abroad Elections, voting, political campaign regulation Evidence and witnesses Financial services and investments Foreign and international banking Foreign loans and debt Foreign property Government information and archives Intelligence activities, surveillance, classified information Legislative rules and procedure Presidents and presidential powers, Vice Presidents Russia Sanctions Securities Subversive activities U.S. and foreign investments
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Frequently asked questions

What does HR 8495 do?
Prohibits U.S. entities and individuals from dealing in Russian sovereign debt and requires reports on Russian government attempts to interfere with U.S. elections. The prohibition shall apply to any financial instrument that represents Russian sovereign debt that has a maturity or duration period of at least 14 days, including (1) bonds issued by the Russian Central Bank, the Russian National Wealth Fund, or the Russian Federal Treasury; and (2) foreign exchange swap agreements with such entities. The President may suspend this prohibition if the President reports to Congress a determination that there is no significant evidence to determine that Russia's government (or its agents) knowingly engaged in interference of any federal election since the most recent prior regularly scheduled federal election. The President may also waive the application of the prohibition for national security purposes. If the President seeks a waiver on or before February 1, 2021, the waiver shall apply only if Congress passes a joint resolution supporting the waiver. The bill also requires the Office of the Director of National Intelligence to report to Congress and the President no later than 90 days after a regularly scheduled federal election on whether there is significant evidence to determine whether Russia's government or its agents knowingly engaged in interference of that election.
Who sponsors HR 8495?
HR 8495 is sponsored by Brad Sherman (D).
What is the current status of HR 8495?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 8495?
Track HR 8495 free on One Click Politics — get push/email alerts when it moves.

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