skip to main content

H.R. 2145: No REX Act

The text of the bill below is as of Apr 25, 2017 (Introduced).


I

115th CONGRESS

1st Session

H. R. 2145

IN THE HOUSE OF REPRESENTATIVES

April 25, 2017

introduced the following bill; which was referred to the Committee on Foreign Affairs

A BILL

To prohibit licenses or other authorization for United States persons to engage in activities relating to deepwater, Arctic offshore, or shale projects that have the potential to produce oil in the Russian Federation, or in maritime area claimed by the Russian Federation, and for other purposes.

1.

Short title

This Act may be cited as the No Russia Exemptions for Oil Production Act or the No REX Act.

2.

Prohibition on licenses or other authorization for United States persons to engage in activities relating to certain projects to produce oil in the Russian Federation

(a)

In general

Effective as of the date of the enactment of this Act—

(1)

the Secretary of the Treasury, acting directly or through any specifically designated person, agency, or instrumentality, may not provide a license or other authorization pursuant to Directive 4 under Executive Order 13662 to engage in any of the activities prohibited under such Directive; and

(2)

any license or other authorization provided before such date of enactment by the Secretary of the Treasury, acting directly or through any specifically designated person, agency, or instrumentality, pursuant to Directive 4 under Executive Order 13662 to engage in any of the activities prohibited under such Directive shall have no force or effect.

(b)

Definition

In this section, the term Directive 4 under Executive Order 13662 means Directive 4 of September 12, 2014, under Executive Order 13662 of March 20, 2014 (79 Fed. Reg. 16169; relating to Blocking Property of Additional Persons Contributing to the Situation in Ukraine) or any successor Directive or other Executive action.