According to the website of the House Foreign Affairs Committee, the legislation is called the Prohibit Corrupt Russia Oil Deals Act. The bill prohibits the U.S. International Development Finance Corporation (DFC) from investing in Russian energy; nullifies the general licenses issued by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) and prohibits future licenses; and mandates the Trump administration impose sanctions on Russian energy. Commenting on the bill, Meeks said the deal would not lower costs for the American people, who were “paying for Trump’s failed war of choice in Iran.” He stressed, however, that the deal would bring Putin millions of dollars, allowing him to continue killing Ukrainian civilians with impunity.
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