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Lawmakers Advance Measures that Would Increase Scrutiny of Russian Banks, Officials
By Colby Adams
printThe House Committee on Foreign Affairs advanced amended legislation Tuesday that would require U.S. officials to report on banks linked to the embezzlement of Ukrainian assets. Introduced by Rep. Ed Royce (R-CA), the Ukraine Support Act would require the Obama administration to regularly submit public reports to Congress identifying foreign financial institutions "in direct or indirect control" of Ukraine's assets without the country's approval as well as banks controlled by Russian officials linked to last month's invasion of the Crimean peninsula. The bill, which committee members considered a day after a related Senate measure cleared a key procedural hurdle, largely...
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