H.R.4346

Requires the Secretary of the Treasury to prohibit or impose strict conditions on certain foreign financial institutions in the U.S.

Mandates the Secretary of the Treasury to prohibit or impose strict conditions on the opening or maintaining in the United States of a correspondent account or a payable-through account by certain foreign financial institutions. These institutions include those that knowingly provide significant financial services to sanctioned individuals or entities related to the Russian Federation. The bill also requires the Secretary to seize, confiscate, transfer, or vest any covered Russian resources held by U.S. financial institutions.