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 TrumpTed Cruz knocks New York Times for 'stunning' correction on Kavanaugh report US service member killed in Afghanistan Pro-Trump website edited British reality star's picture to show him wearing Trump hat 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 GrahamThe Hill's Morning Report - Trump takes 2020 roadshow to New Mexico Bolton exit provokes questions about Trump shift on Iran The 13 Republicans needed to pass gun-control legislation 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) MenendezAs NFIP reauthorization deadline looms, Congress must end lethal subsidies Senate Democrats warn Trump: Don't invite Putin to G-7 Pelosi warns Mnuchin to stop 'illegal' .3B cut to foreign aid MORE (D-N.J.) added that the bill is "the next step in tightening the screws on the Kremlin."

Sens. Cory GardnerCory Scott Gardner The 13 Republicans needed to pass gun-control legislation Bolton returns to political group after exiting administration The Hill's Morning Report — Trump's hurricane forecast controversy won't go away MORE (R-Colo.), Ben CardinBenjamin (Ben) Louis CardinCongress passes bill to begin scenic byways renaissance GOP lawmaker: 'Dangerous' abuse of Interpol by Russia, China, Venezuela Senators pressure Trump to help end humanitarian crisis in Kashmir MORE (D-Md.), John McCainJohn Sidney McCain The 13 Republicans needed to pass gun-control legislation Biden's debate performance renews questions of health At debate, Warren and Buttigieg tap idealism of Obama, FDR MORE (R-Ariz.) and Jeanne ShaheenCynthia (Jeanne) Jeanne ShaheenOvernight Defense: Dems grill Trump Army, Air Force picks | House chair subpoenas Trump Afghanistan negotiator | Trump officials release military aid to Ukraine Defense spending bill advances over Democratic wall objections Democrats ramp up calls to investigate NOAA 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 McCaskillEx-CIA chief worries campaigns falling short on cybersecurity Ocasio-Cortez blasts NYT editor for suggesting Tlaib, Omar aren't representative of Midwest Trump nominees meet fiercest opposition from Warren, Sanders, Gillibrand 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.