Bill Overview
Title: Special Russian Sanctions Authority Act of 2022
Description: This bill imposes sanctions pertaining to Russia and addresses related issues. The President must impose property- and visa-blocking sanctions on (1) members of the United Russia Party in the lower house of Russia's legislature, (2) Russian government officials and officers of Russia's armed forces above certain levels or ranks, and (3) and members of Russia's intelligence apparatus. The President must also impose property-blocking sanctions on (1) specified individuals, including businessperson Roman Abramovich and Russian Prime Minister Mikhail Mishustin; and (2) the Wagner Group, a Russian private military company. Furthermore, the bill designates (1) the Wagner Group as a specially designated global terrorist organization, (2) Vladimir Putin as a specially designated global terrorist, and (3) any country in the Western Hemisphere with a military cooperation agreement with Russia as having engaged in a grave hostile act of a foreign power. The bill also establishes the Joint Task Force on Russian Sanctions, which must coordinate the imposition of Russia-related sanctions. The President may confiscate and liquidate any Russian government property subject to U.S. jurisdiction and transfer the resulting funds to the government of Ukraine. The President may provide military hardware to Ukraine's government to resist the Russian invasion. The Department of State must close all Russian diplomatic facilities in the United States except for the Russian embassy in Washington, DC. The Department of the Treasury must impose certain reporting requirements related to residential real estate transactions involving Russian politically exposed persons.
Sponsors: Sen. Cassidy, Bill [R-LA]
Target Audience
Population: Global population affected by Russian sanctions and subsequent geopolitical changes
Estimated Size: 3000000
- The bill imposes sanctions on key political and military figures in Russia, directly impacting these individuals.
- The Russian economy may be indirectly impacted due to sanctions, affecting Russian citizens dependent on the sanctioned individuals and their businesses.
- Countries in the Western Hemisphere with military cooperation agreements with Russia may also feel repercussions, impacting their citizens involved in military or diplomatic relations with Russia.
- The bill aims to provide support to Ukraine, which could positively impact Ukrainian citizens amid the ongoing conflict.
Reasoning
- The sanctions focus on restricting assets and movements of key Russian political and military figures, potentially causing indirect economic impacts both globally and domestically in the US.
- In the US, Russian expatriates may face financial strains or instability if involved with sanctioned entities or individuals.
- American businesses with Russian ties, like import/export firms or companies with Russian investments, may experience operational changes and economic impacts.
- General US population might experience geopolitical and economic ripple effects, though these would likely be less direct or immediate.
Simulated Interviews
Finance Analyst (New York, NY)
Age: 35 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 5/20
Statement of Opinion:
- I understand the necessity of these sanctions for geopolitical stability, but they do add risk to my portfolio.
- I'm concerned about my job security if we lose significant clients because of the sanctions.
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 | 8 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
Tech Entrepreneur (San Francisco, CA)
Age: 28 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 3.0 years
Commonness: 4/20
Statement of Opinion:
- It's a tough situation because this investor was crucial for our growth plan.
- We may need to alter our business strategy significantly now.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 8 |
| Year 2 | 5 | 8 |
| Year 3 | 6 | 8 |
| Year 5 | 7 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Real Estate Agent (Miami, FL)
Age: 42 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 2.0 years
Commonness: 6/20
Statement of Opinion:
- These sanctions have frozen a couple of major deals I was working on.
- I'm worried about the impact on the luxury market here.
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 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 7 | 6 |
Oil Industry Executive (Houston, TX)
Age: 55 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 1.0 years
Commonness: 7/20
Statement of Opinion:
- Our Russian partnerships are heavily impacted, but we are diversifying our options.
- This could hurt short-term profits but may stabilize long-term operations.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
University Professor (Chicago, IL)
Age: 50 | Gender: female
Wellbeing Before Policy: 9
Duration of Impact: 0.0 years
Commonness: 10/20
Statement of Opinion:
- This policy will provide a goldmine for research in my field going forward.
- The dynamic of international relations is shifting significantly.
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 |
Screenwriter (Los Angeles, CA)
Age: 39 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 0.0 years
Commonness: 8/20
Statement of Opinion:
- These sanctions provide a realistic angle for the story we are crafting.
- It adds complexity to the narrative that audiences might be drawn to.
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 |
Diplomat (Washington, DC)
Age: 60 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 10.0 years
Commonness: 9/20
Statement of Opinion:
- The closure of diplomatic facilities will limit my professional interactions.
- This could complicate diplomatic communications but is a strong diplomatic signal.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 8 |
| Year 2 | 6 | 8 |
| Year 3 | 6 | 8 |
| Year 5 | 7 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
International Trade Specialist (Boston, MA)
Age: 33 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 5/20
Statement of Opinion:
- These sanctions make advising clients more challenging as market dynamics are shifting rapidly.
- Companies may need to consider new markets to counter these changes.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 6 |
| Year 2 | 5 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 7 | 6 |
Software Engineer (Seattle, WA)
Age: 45 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 2.0 years
Commonness: 4/20
Statement of Opinion:
- There is uncertainty about our operations due to these sanctions.
- I am concerned about potential layoffs if business shrinks significantly.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 7 |
| Year 2 | 4 | 7 |
| Year 3 | 5 | 7 |
| Year 5 | 6 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Freelance Journalist (Atlanta, GA)
Age: 31 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 6/20
Statement of Opinion:
- The sanctions offer a plethora of new angles and stories to cover, increasing both work and stress levels.
- It's important to keep the public informed about the implications of these geopolitical shifts.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 8 | 7 |
Cost Estimates
Year 1: $500000000 (Low: $400000000, High: $600000000)
Year 2: $520000000 (Low: $420000000, High: $620000000)
Year 3: $540000000 (Low: $440000000, High: $640000000)
Year 5: $580000000 (Low: $480000000, High: $680000000)
Year 10: $600000000 (Low: $500000000, High: $700000000)
Year 100: $600000000 (Low: $500000000, High: $700000000)
Key Considerations
- The geopolitical shifts caused by these sanctions can have wide-reaching effects on international relations and trade.
- The closure of Russian consulates may invite reciprocal actions affecting U.S. diplomatic missions in Russia.
- Implementation and efficacy of sanctions depend on multinational support and coordination.