Bill > HR5632

This bill, known as the PEACE (Preventing Escalation and Advancing Caucasus Engagement) Act, establishes a comprehensive sanctions framework targeting Azerbaijan for potential hostile actions against Armenia. The bill's primary policy objectives are to support the sovereignty and territorial integrity of both Armenia and Azerbaijan, encourage direct negotiations between the two countries, and use sanctions as a deterrent against military aggression. If the President determines that Azerbaijan has engaged in hostile actions, he must immediately certify this to Congress and impose sanctions on specific individuals and entities, including senior Azerbaijani government officials, military units, and foreign persons who have facilitated such actions. These sanctions can include blocking financial transactions, revoking visas, and prohibiting financial institutions from maintaining certain accounts in the United States. The bill also provides exceptions for humanitarian assistance, agricultural commodities, and medical supplies, and allows the President to waive sanctions if deemed in the national interest. The sanctions can be terminated if the targeted entities demonstrate a genuine commitment to ending hostile actions, and the entire act is set to expire seven years after enactment. Additionally, the bill requires regular reporting to congressional committees about Azerbaijan's actions and the effectiveness of the sanctions.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/5632/all-info