Safeguarding US elections by sanctioning Russian sovereign debt

In the face of this inaction, Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and I, along with Oversight and Reform Committee Chairwoman Carolyn Maloney, Financial Services Oversight and investigations Subcommittee Chairman Al Greenand Financial Services Vice Chairman Michael San Nicolas, have introduced the SECURE Act, legislation which would block the Russian government from accessing the U.S. capital markets for future government borrowing activity until it ceases its interference in U.S. elections. The SECURE Act closely mirrors an amendment to the Fiscal Year 2020 National Defense Authorization Act, which Chairwoman Waters and I led, and which was passed unanimously by the House.

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