PEACE Act of 2025
PEACE Act of 2025
Plain Language Summary
# PEACE Act of 2025 Summary The PEACE Act of 2025 (HR 4346) is a bill currently under committee review that would modify how the U.S. government handles sanctions, banking regulations, and financial procedures related to foreign policy—particularly regarding Russia, Ukraine, and international banking matters. While the full legislative text details aren't provided, the bill's subject areas suggest it would address presidential powers over sanctions, how banks handle accounts related to sanctioned entities or countries, and potentially new rules around fraud prevention in international financial transactions. This legislation would primarily affect the Treasury Department, which enforces sanctions; U.S. banks and financial institutions; and potentially businesses engaged in international trade.
The bill's focus on presidential and vice-presidential powers indicates it may shift how these officials can implement or modify sanctions policies. Anyone conducting business with Russia, Ukraine, or other sanctioned entities could be impacted depending on the specific provisions. **Current Status:** The bill remains in committee and has not yet advanced to a full House vote. Like most legislation, it would need to pass through committee review, receive a House vote, pass the Senate, and be signed by the President before becoming law.
Latest Action
Placed on the Union Calendar, Calendar No. 277.