H.R. 7185 · 117th Congress
Federal Contracting for Peace and Security Act
- Stage
- Reported from committee
- Sponsor
- Carolyn Maloney
- Introduced
- 2022-03-21
- Latest action
- 2022-04-06 · Committee Consideration and Mark-up Session Held.
Summary
Federal Contracting for Peace and Security Act
This bill requires executive agencies to terminate their contracts with companies conducting business operations in Russia. This requirement ends when Russia takes steps to restore the safety, sovereignty, and condition of Ukraine.
The bill shall not apply to the procurement of products or services for (1) the benefit, either directly or through the efforts of regional allies, of Ukraine; or (2) humanitarian purposes to meet basic human needs.
The bill provides for a waiver where in the national interest of the United States.