Vote Smart's Synopsis:

Vote to pass a bill that establishes law on various foreign policy matters, including prohibiting entities in the United States from distributing, updating, or maintaining a website or application operated by ByteDance, Ltd., TikTok, or certain other entities.

Highlights:

• Establishes new laws on various foreign policy matters. For example, the bill (Div. A-O,):

• Requires the President to impose property-blocking sanctions on foreign persons (i.e., individuals and entities) associated with transnational criminal organizations that traffic fentanyl;

• Authorizes the President to seize and transfer certain Russian sovereign assets to fund Ukrainian war compensation or reconstruction;

• Prohibits entities in the United States from distributing, updating, or maintaining a website or application operated by ByteDance, Ltd., TikTok, or certain other entities;

• Prohibits data brokers from providing personally identifiable sensitive data of U.S. persons to foreign adversary countries;

• Imposes property-, docking-, and visa-blocking sanctions on foreign persons operating ports, ships, and refineries supporting Iranian petroleum exports;

• Imposes property- and visa-blocking sanctions on foreign persons supporting Iranian missile programs and on certain Iranian leaders;

• Imposes property-blocking sanctions on foreign states providing material support to Hamas or Palestinian Islamic Jihad; 

• Requires the United States to regulate exports of certain foreign-produced items related to Iran; 

• Extends the authority of the President to impose sanctions on foreign persons using human shields;

• Imposes property- and visa-blocking sanctions on foreign persons involved in the trafficking of captagon;

• Requires U.S. financial institutions to close certain accounts related to Iranian leaders and the Department of the Treasury to seek the closure of such accounts in foreign financial institutions; and

• Prohibits U.S. financial institutions from opening or maintaining certain accounts with Chinese financial institutions that support Iranian petroleum exports.

• Specifies that the provisions of this bill shall take effect upon passage and approval by the President (Div. O).

Full Bill Text

Full Bill Text