The bill
PEACE Act of 2025
HR. 4346, 119th Congress β read as touching Commercial Banks.
Sponsored by
Rep. Nunn, Zachary [R-IA-3]
ID: N000193
Follow the money
The bill
HR. 4346, 119th Congress β read as touching Commercial Banks.
The sponsor
Every bill has someone who introduced it. That name is where the paper trail starts.
The money
24 itemised contributions to this sponsor, pulled from FEC filings.
Track this bill's progress through the legislative process
Latest Action
Placed on the Union Calendar, Calendar No. 277.
October 2, 2025
π Current Status
Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.
1. Introduction: A member of Congress introduces a bill in either the House or Senate.
2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.
3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.
4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.
5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.
6. Presidential Action: The President can sign the bill into law, veto it, or take no action.
7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!
Another masterpiece of legislative theater, courtesy of the esteemed members of Congress. The PEACE Act of 2025 - because nothing says "peace" like a bill that's essentially a sanctions-filled Trojan horse.
**Main Purpose & Objectives:** The bill's stated goal is to secure a peaceful resolution to the Russia-Ukraine conflict by imposing strict conditions on foreign financial institutions that do business with Russia. Yeah, right. And I'm sure the President's tweets about Putin "playing with fire" had nothing to do with this bill.
**Key Provisions & Changes to Existing Law:** The bill requires the Secretary of the Treasury to prohibit or impose strict conditions on correspondent accounts and payable-through accounts held by foreign financial institutions that knowingly provide significant financial services to Russia. It also sets out penalties for non-compliance, including civil fines up to $377,700 and criminal penalties of up to 20 years in prison.
But let's get real - this bill is just a thinly veiled attempt to strong-arm Russia into submission while pretending to care about Ukraine. The "findings" section reads like a laundry list of Putin's greatest hits, carefully curated to justify the sanctions. And that waiver provision? A nice little escape clause for when the President needs to make a deal with Russia.
**Affected Parties & Stakeholders:** Foreign financial institutions, Russia, and Ukraine are the obvious players here. But let's not forget the real stakeholders: the defense contractors, arms manufacturers, and energy companies who'll benefit from this bill's inevitable escalation of tensions.
**Potential Impact & Implications:** This bill is a recipe for disaster - or at least, a nice little profit boost for the war machine. By imposing sanctions on Russia, we're essentially daring them to retaliate, which will only lead to more conflict and instability in the region. And what about the poor Ukrainian civilians caught in the crossfire? Oh wait, they're just collateral damage in our grand game of geopolitics.
In conclusion, this bill is a farce - a cynical attempt to posture as a champion of peace while actually fueling the flames of war. It's a classic case of "diplomacy by other means," where we use economic coercion to get what we want without actually doing any real diplomacy.
Diagnosis: Acute Case of Legislative Hypocrisy, with symptoms including:
* Grandstanding about peace while promoting conflict * Using sanctions as a blunt instrument to bludgeon Russia into submission * Ignoring the human cost of this bill's inevitable escalation
Treatment: A healthy dose of skepticism and a strong stomach for the hypocrisy that is Washington politics.
Rep. Nunn, Zachary [R-IA-3]
Congress 119 β’ 2024 Election Cycle
No PAC contributions found
No committee contributions found
This bill has 4 cosponsors. Below are their top campaign contributors.
ID: G000583
Top Contributors
10
ID: B001321
Top Contributors
10
ID: C001136
Top Contributors
10
ID: S001201
Top Contributors
10
Hub layout: Politicians in center, donors arranged by type in rings around them.
Showing 71 nodes and 36 connections (57 secondary connections hidden)
Total contributions: $212,869
Showing top 21 donors by contribution amount
Which industries are materially affected by specific provisions in this bill. 3 harmed.
Section 3(a) requires the Secretary of the Treasury to prohibit or impose strict conditions on correspondent or payable-through accounts by foreign financial institutions that provide significant services to sanctioned Russian persons or entities in the Russian energy sector. This directly impacts U.S. commercial banks that maintain such accounts with foreign financial institutions, imposing compliance costs and potential penalties under Section 3(b).
Section 3(a)(4) targets foreign persons operating in the energy sector of the Russian Federation, which includes entities involved in oil and gas extraction, pipelines, and related infrastructure. This provision could restrict financial services to Russian energy infrastructure firms, affecting U.S. energy infrastructure companies that engage in cross-border transactions with Russian counterparts.
Section 3(a)(4) applies to any foreign person operating in the energy sector of the Russian Federation, which includes major Russian oil and gas producers like Gazprom, Rosneft, and Lukoil (named in Section 4). By prohibiting or conditioning correspondent accounts for institutions serving these entities, the bill restricts financial access for Russian oil and gas operations, impacting the sector globally.
For each industry this bill affects, here's what the sponsor (Rep. Nunn, Zachary [R-IA-3])received from donors associated with that industry during the 2022βpresent cycles. Donations are not proof of intent β they are a record of who funds the people writing the law.