Senators introduce bill to slap 'crushing' new sanctions on Russia

Senators introduce bill to slap 'crushing' new sanctions on Russia
© Greg Nash

A bipartisan group of senators is introducing legislation to impose "crushing" new financial penalties on Russia.

The bill would slap new sanctions on Moscow, require two-thirds Senate approval if President TrumpDonald John TrumpTrump says his advice to impeachment defense team is 'just be honest' Trump expands tariffs on steel and aluminum imports CNN's Axelrod says impeachment didn't come up until 80 minutes into focus group MORE wanted to withdraw from NATO and force the State Department to determine if Russia is a state sponsor of terrorism.

GOP Sen. Lindsey GrahamLindsey Olin GrahamSchiff sparks blowback with head on a 'pike' line Schiff closes Democrats' impeachment arguments with emotional appeal to remove Trump Democrats feel political momentum swinging to them on impeachment MORE (S.C.) said current U.S. sanctions against Russia haven't stopped Moscow from trying to meddle in the November midterm elections, despite Congress passing new legislation last year.

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“Our goal is to change the status quo and impose crushing sanctions and other measures against [President Vladimir] Putin’s Russia until he ceases and desists meddling in the US electoral process, halts cyber-attacks on US infrastructure, removes Russia from Ukraine, and ceases efforts to create chaos in Syria," he said in a statement.

Sen. Bob MenendezRobert (Bob) MenendezMedia's selective outrage exposed in McSally-Raju kerfuffle Dem senators say Iran threat to embassies not mentioned in intelligence briefing Overnight Defense: Iran crisis eases as Trump says Tehran 'standing down' | Dems unconvinced on evidence behind Soleimani strike | House sets Thursday vote on Iran war powers MORE (D-N.J.) added that the bill is "the next step in tightening the screws on the Kremlin."

Sens. Cory GardnerCory Scott GardnerDemocrats feel political momentum swinging to them on impeachment Senate Republicans confident they'll win fight on witnesses Tensions between McConnell and Schumer run high as trial gains momentum MORE (R-Colo.), Ben CardinBenjamin (Ben) Louis CardinTensions between McConnell and Schumer run high as trial gains momentum New Parnas evidence escalates impeachment witnesses fight Pressure building on Pelosi over articles of impeachment MORE (D-Md.), John McCainJohn Sidney McCainSchiff shows clip of McCain in Trump impeachment trial Martha McSally fundraises off 'liberal hack' remark to CNN reporter Meghan McCain blasts NY Times: 'Everyone already knows how much you despise' conservative women MORE (R-Ariz.) and Jeanne ShaheenCynthia (Jeanne) Jeanne Shaheen2020 forecast: A House switch, a slimmer Senate for GOP — and a bigger win for Trump Lewandowski decides against Senate bid Biden would consider Republican for VP 'but I can't think of one right now' MORE (D-N.H.) are also supporting the legislation.

It comes as lawmakers are growingly increasingly concerned that Russia will try to interfere in the 2018 elections, where control of Congress hangs in the balance.

The Daily Beast reported last month that Russian intelligence agents targeted Sen. Claire McCaskillClaire Conner McCaskillHow Citizens United altered America's political landscape #MidnightMoscowMitch trends amid criticism of McConnell's proposed impeachment trial rules The most expensive congressional races of the last decade MORE (D-Mo.) with an attempted breach ahead of the November elections.

But senators have struggled to coalesce behind what, if any, legislation Congress should pass in the lead-up to the election. And resolutions that would give the Senate's support to the intelligence community's finding that Russia meddled in the 2016 election have routinely been blocked.

The Graham-Menendez bill is the broadest of the bills that are currently being mulled by lawmakers. Graham previously told reporters he would include everything but "the kitchen sink."

The new financial penalties would target political figures, oligarchs, family members and others that "facilitate illicit and corrupt activities" on behalf of Putin.

It would also impose new sanctions on transactions tied to investments in state-owned energy projects,  transactions tied to new Russian debt, and people with the capacity or ability to support or carry out a "malicious" cyber act.

"Until Putin pays a serious price for his actions, these attacks on our democracy will only grow. This bill would build on the strongest sanctions ever imposed on the Putin regime for its assault on democratic institutions, violation of international treaties, and siege on open societies through cyberattacks and misinformation campaigns," McCain said in a statement.

The legislation would also create a State Department office of cyberspace and the digital economy, create a national fusion center to respond to hybrid threats and reauthorize the countering Russia influence fund.

It would also fold in legislation that allows the Justice Department to pursue charges for those caught hacking a voting system that is used in a federal election and require a report on the net worth and assets of Putin.