Foreign banks that do business with sanctioned Russian entities could lose access to U.S. accounts. Russian government funds held in U.S. banks would be seized and sent to a Ukraine aid fund. The measures expire in five years or when Russia backs off.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
PEACE Act of 2025 is a House bill waiting for floor action. The latest recorded action: Placed on the Union Calendar, Calendar No. 277.
Latest action on H.R. 4346: Placed on the Union Calendar, Calendar No. 277.
Who this affects: This bill directly affects foreign banks that do business with sanctioned Russian entities, Russian government financial institutions with assets in the U.S., and the people of Ukraine who would receive the seized funds as aid. It also affects U.S. banks that hold Russian state assets, global energy markets connected to Gazprom, Rosneft, and Lukoil, and any person or institution that violates the new rules.
Why this matters: This bill changes how money flows through the international banking system when it involves Russia. By going after foreign banks that help sanctioned Russian actors, the U.S. could shut down indirect financial channels Russia uses to get around existing sanctions. Seizing Russian state assets to fund Ukraine aid raises major questions about how other countries view the safety of keeping their money in U.S. banks. The waiver and sunset provisions give the President flexibility to adjust if conditions change, but the bill's real impact depends on how future leaders use those tools and how the Russia-Ukraine conflict evolves.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
