Contact Congress about H.R. 4346: PEACE Act of 2025

Foreign banks could face blocked or restricted U.S. accounts if they knowingly give major financial help to targeted Russian people or entities. The bill would also move certain frozen Russian state assets into a Ukraine support fund.

Modern Action shows what the legislation would change, 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 mainly affects foreign banks that do business with Russian people, companies, or sectors covered by U.S. sanctions. It also affects U.S. financial institutions holding certain Russian state assets, because Treasury would have to move those assets into the Ukraine Support Fund. Ukraine’s government could receive more support, including defense items. Russia’s state financial bodies could lose access to assets held in the United States.

Why this matters: This bill matters because it could make it harder for Russia to use foreign banks to reach the U.S. financial system during the war in Ukraine. It could also send frozen Russian state assets toward Ukraine instead of relying only on new U.S. funding. The tradeoff is that seizing state assets and expanding sanctions could bring legal fights, banking burdens, and uncertain reactions from other countries.

Key provisions in H.R. 4346

• Treasury would have 180 days to write the new banking rules. The rules would block or limit U.S. correspondent and payable-through accounts, which are accounts foreign banks use to move money through the U.S. system, for foreign banks that give major services to covered Russian targets.
• The bill uses existing Russia sanctions laws to decide who is covered. These include Executive Order 14024 and title II of the Countering America’s Adversaries Through Sanctions Act.
• Treasury must review Gazprom, Rosneft, and Lukoil within 90 days. It must decide whether they count as foreign people or entities operating in Russia’s energy sector and report that to key committees in Congress.
• People or institutions that break the new rules could face civil fines. The fine could be up to $377,700 or twice the value of the transaction, whichever is larger.
• Willful violations could bring criminal punishment. A person could face up to $1,000,000 in fines and, if an individual, up to 20 years in prison.

How Modern Action helps you take action on H.R. 4346

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.

Questions people ask about H.R. 4346

What is H.R. 4346?

Foreign banks could face blocked or restricted U.S. accounts if they knowingly give major financial help to targeted Russian people or entities. The bill would also move certain frozen Russian state assets into a Ukraine support fund.

How do I support or oppose H.R. 4346?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 4346?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

How does Modern Action help me act on H.R. 4346?

Modern Action gives you bill-specific context, lets you choose support, opposition, or changes, and drafts a message from your position and reasons.