Bill Overview
Title: Isolate Russian Government Officials Act of 2022
Description: This bill requires the Department of the Treasury, the Securities and Exchange Commission, and the Board of Governors of the Federal Reserve System to take all necessary steps to exclude Russian government officials, to the maximum extent practicable, from certain international meetings, including the activities of the Group of 20, the Basel Committee for Banking Standards, and the Bank for International Settlements. This requirement shall be in effect until the earlier of five years after the bill's enactment or 30 days after the President reports to Congress that Russia's government has ceased activities to destabilize Ukraine's sovereignty and territorial integrity. The President may also waive this requirement upon reporting to Congress that doing so is in the national interest of the United States.
Sponsors: Rep. Wagner, Ann [R-MO-2]
Target Audience
Population: Russian government officials involved in sanctioned international activities
Estimated Size: 0
- The bill targets Russian government officials specifically by aiming to exclude them from international meetings.
- Russian government officials who are involved in or represent Russia at international meetings are the primary target.
- The bill also indirectly affects those involved in diplomatic and international relations with Russian officials as it changes the dynamics of their interactions.
Reasoning
- The policy directly targets Russian government officials, which means ordinary US citizens are not directly impacted by this exclusion.
- However, businesses and individuals engaged in international trade, diplomacy, or policy-making with Russian entities might experience indirect effects.
- Given the budget constraints and the non-civilian focus of the policy, it is unlikely that the policy would have a significant financial impact on the day-to-day lives of most American citizens.
- The interviews will include individuals who interact with international economic standards or diplomacy for diverse perspectives, including indirect and professional impacts.
Simulated Interviews
Investment Banker (New York, NY)
Age: 45 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 2.0 years
Commonness: 4/20
Statement of Opinion:
- This policy might limit my engagements with certain Russian clients.
- Short-term confusion or delay in transactions could arise due to policy changes.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 8 |
Diplomat (Washington, D.C.)
Age: 62 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 3/20
Statement of Opinion:
- The exclusion of Russian officials is timely and consistent with our geopolitical stance.
- It may complicate some diplomatic processes.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 8 |
| Year 20 | 7 | 8 |
Tech Entrepreneur (San Francisco, CA)
Age: 30 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 3.0 years
Commonness: 5/20
Statement of Opinion:
- The policy could delay my expansion plans into the Russian technology market.
- I understand the political need but am concerned about business implications.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 9 | 8 |
| Year 5 | 9 | 9 |
| Year 10 | 9 | 9 |
| Year 20 | 9 | 10 |
University Professor (Chicago, IL)
Age: 54 | Gender: female
Wellbeing Before Policy: 9
Duration of Impact: 0.0 years
Commonness: 6/20
Statement of Opinion:
- This policy provides an interesting case study for my students.
- I foresee some shifts in international protocols which are educationally beneficial.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 9 | 9 |
| Year 2 | 9 | 9 |
| Year 3 | 9 | 9 |
| Year 5 | 9 | 9 |
| Year 10 | 9 | 9 |
| Year 20 | 9 | 9 |
Import/Export Business Owner (Miami, FL)
Age: 43 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 4.0 years
Commonness: 4/20
Statement of Opinion:
- I might face challenges with Russian goods logistics due to the policy.
- However, I am hopeful it could open doors to alternative markets.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 7 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 9 | 9 |
Public Relations Specialist (Houston, TX)
Age: 38 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 1.0 years
Commonness: 5/20
Statement of Opinion:
- Managing international narratives will be more challenging without Russian inputs.
- It's an opportunity to reshape global communication strategies.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 9 |
| Year 20 | 8 | 9 |
Freelance Journalist (Los Angeles, CA)
Age: 29 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 5/20
Statement of Opinion:
- The policy could affect the transparency and availability of news from international meetings.
- This will prompt more investigative angles but fewer direct statements from Russian officials.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 9 |
| Year 20 | 8 | 9 |
Political Analyst (New York, NY)
Age: 50 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 0.0 years
Commonness: 3/20
Statement of Opinion:
- The policy aligns with recent strategic political moves it's logical and expected.
- Predicting Russian responses is my new focus area.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Student (Boston, MA)
Age: 27 | Gender: male
Wellbeing Before Policy: 10
Duration of Impact: 0.0 years
Commonness: 8/20
Statement of Opinion:
- I'm excited to study the law implications of this policy shift.
- I predict it will influence future international law courses.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 10 | 10 |
| Year 2 | 10 | 10 |
| Year 3 | 10 | 10 |
| Year 5 | 10 | 10 |
| Year 10 | 10 | 10 |
| Year 20 | 10 | 10 |
Cybersecurity Expert (Seattle, WA)
Age: 55 | Gender: other
Wellbeing Before Policy: 6
Duration of Impact: 2.0 years
Commonness: 4/20
Statement of Opinion:
- This policy might create new cybersecurity challenges as more communications bypass official channels.
- It's a chance to develop new security measures tailored to this shift.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Cost Estimates
Year 1: $5000000 (Low: $3000000, High: $7000000)
Year 2: $4500000 (Low: $2500000, High: $6500000)
Year 3: $4500000 (Low: $2500000, High: $6500000)
Year 5: $4500000 (Low: $2500000, High: $6500000)
Year 10: $0 (Low: $0, High: $0)
Year 100: $0 (Low: $0, High: $0)
Key Considerations
- The policy aims to exert diplomatic pressure on Russia and signal international disapproval of its actions in Ukraine.
- The actual implementation costs will largely depend on the level of coordination required among US agencies and international counterparts.
- There is a mechanism for waiving the requirements if deemed in the national interest, which may alter the duration and extent of enforcement.