Bill Overview
Title: Sanctioning Putin’s Enablers Act
Description: This bill requires the President to impose sanctions on certain individuals involved in Russia's invasion of Ukraine, including Russian legislators who voted to authorize the invasion and certain officials of Belarus who orchestrated the constitutional referendum that permitted Belarus to permanently host Russia's nuclear weapons. The President must confiscate the property and accounts of such sanctioned individuals that come within U.S. jurisdiction. The bill also requires a U.S. financial institution to take all necessary and available actions to ensure any entity or person owned or controlled by such institution complies with financial sanctions applicable to Russia or Belarus to the same extent required of that institution.
Sponsors: Rep. Luetkemeyer, Blaine [R-MO-3]
Target Audience
Population: People involved with or reliant on the Russian and Belarusian administration and families
Estimated Size: 5000
- The bill targets individuals involved in Russia's invasion of Ukraine, meaning Russian legislators and officials are directly affected.
- Belarusian officials involved in the constitutional referendum to host Russia's nuclear weapons are also targeted.
- The global population affected will include families and dependents of these sanctioned individuals.
- Additional ripple effects may impact citizens and enterprises in Russia and Belarus indirectly through economic sanctions and reduced financial engagement globally.
Reasoning
- The policy directly affects individuals linked to Russian and Belarusian governmental actions, but indirectly impacts people in the US connected to divisions like finance and law enforcement.
- Most US citizens might experience little direct impact unless their work or personal lives are deeply intertwined with Russian/Belarusian financial systems, but public sentiment and personal connection to news events might alter perceived wellbeing.
- The budgetary constraint limits broad policy implementation, implying only a fraction of the potentially impacted can be directly reached or will feel an impact.
Simulated Interviews
Financial Analyst (New York, NY)
Age: 45 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 3/20
Statement of Opinion:
- I believe that the sanctions are necessary, albeit challenging to enforce.
- Ensuring compliance puts additional pressure on us, but it's for a greater cause.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 7 |
| Year 2 | 6 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
Lawyer (Chicago, IL)
Age: 34 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 4.0 years
Commonness: 3/20
Statement of Opinion:
- Sanctions complicate international business deals and require careful navigation.
- Our firm will need to enhance our advisory services to clients involved in affected regions.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 9 | 8 |
| Year 20 | 9 | 8 |
Tech Entrepreneur (San Francisco, CA)
Age: 52 | Gender: male
Wellbeing Before Policy: 9
Duration of Impact: 2.0 years
Commonness: 2/20
Statement of Opinion:
- The policy increases risks for investments involving Russia.
- There might be an opportunity to offer new advisory services to navigate these changes.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 9 |
| Year 2 | 8 | 9 |
| Year 3 | 9 | 9 |
| Year 5 | 9 | 9 |
| Year 10 | 9 | 9 |
| Year 20 | 9 | 9 |
Policy Analyst (Washington, DC)
Age: 28 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 5/20
Statement of Opinion:
- I think the policy is a decisive step, but it's a complex web to untangle.
- Takes a toll on professional workload, but important work nonetheless.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 8 | 6 |
| Year 20 | 8 | 6 |
School Teacher (Miami, FL)
Age: 40 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 2.0 years
Commonness: 4/20
Statement of Opinion:
- This gives me a sense that the international community is attempting to help, even if indirectly.
- Sanctions provide some moral support for the broader conflict.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 6 | 5 |
| Year 10 | 6 | 5 |
| Year 20 | 6 | 5 |
Retired Engineer (Houston, TX)
Age: 62 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 0.0 years
Commonness: 10/20
Statement of Opinion:
- Although retired, I see these policies as crucial for maintaining international order.
- No direct impact, but aware of the conflict's consequences.
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 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Social Media Influencer (Los Angeles, CA)
Age: 30 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 1.0 years
Commonness: 4/20
Statement of Opinion:
- It's a significant topic for my audience, and influencing opinion is key.
- My engagement increases, but it's a sensitive subject to navigate.
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 |
Coffee Shop Owner (Seattle, WA)
Age: 55 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 0.0 years
Commonness: 8/20
Statement of Opinion:
- I focus more on local community issues, little direct influence from international policies.
- It's important to see the broader picture of international efforts.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
University Professor (Boston, MA)
Age: 38 | Gender: other
Wellbeing Before Policy: 7
Duration of Impact: 3.0 years
Commonness: 6/20
Statement of Opinion:
- This policy provides practical examples for my courses and research.
- Education can bridge understanding on complex issues like these.
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 | 7 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
Software Engineer (Austin, TX)
Age: 47 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 2.0 years
Commonness: 5/20
Statement of Opinion:
- Ensuring compliance without disrupting global operations is our main concern.
- Our product development isn't directly affected, but regulatory tasks have increased.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Cost Estimates
Year 1: $100000000 (Low: $75000000, High: $125000000)
Year 2: $90000000 (Low: $60000000, High: $110000000)
Year 3: $85000000 (Low: $55000000, High: $100000000)
Year 5: $75000000 (Low: $50000000, High: $95000000)
Year 10: $50000000 (Low: $30000000, High: $70000000)
Year 100: $10000000 (Low: $5000000, High: $20000000)
Key Considerations
- The complexity and reach of financial networks means initial costs might be higher due to setup and coordination requirements.
- Details about the scope of individuals targeted and their assets could significantly alter cost estimates.
- Indirect costs arising from potential international diplomatic tensions or retaliations should be considered as part of broader economic implications.
- Long-term realignment of international markets and relationships could offset some initial economic losses.