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 TrumpGOP senators balk at lengthy impeachment trial Warren goes local in race to build 2020 movement 2020 Democrats make play for veterans' votes 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 GrahamGOP senators balk at lengthy impeachment trial Graham: Senate trial 'must expose the whistleblower' Graham says Schiff should be a witness in Trump impeachment trial 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) MenendezGraham blocks resolution recognizing Armenian genocide after Erdoğan meeting Trump encounters GOP resistance to investigating Hunter Biden Fairness, tradition, and the Constitution demand the 'whistleblower' step forward MORE (D-N.J.) added that the bill is "the next step in tightening the screws on the Kremlin."

Sens. Cory GardnerCory Scott GardnerTariffs threaten 1.5M jobs: Study This week: House kicks off public phase of impeachment inquiry Progressive veterans group launches campaign labeling Trump as a 'national security threat' MORE (R-Colo.), Ben CardinBenjamin (Ben) Louis CardinOvernight Health Care: Democratic gains mark setback for Trump on Medicaid work requirements | Senate Dems give Warren 'Medicare for All' plan the cold shoulder | Judge strikes Trump rule on health care 'conscience' rights Democrats give Warren's 'Medicare for All' plan the cold shoulder Former NAACP president to run for Cummings's House seat MORE (D-Md.), John McCainJohn Sidney McCain2020 Democrats make play for veterans' votes The Memo: Democrats confront prospect of long primary Defending their honor as we hear their testimony MORE (R-Ariz.) and Jeanne ShaheenCynthia (Jeanne) Jeanne ShaheenOn The Money: US paid record .1B in tariffs in September | Dems ramp up oversight of 'opportunity zones' | Judge hints at letting House lawsuit over Trump tax returns proceed Overnight Energy: EPA watchdog slams agency chief after deputy fails to cooperate in probe | Justices wrestle with reach of Clean Water Act | Bipartisan Senate climate caucus grows Overnight Defense: Trump, Erdogan confirm White House meeting | Public impeachment hearings set for next week | Top defense appropriator retiring 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 McCaskillGOP senator rips into Pelosi at Trump rally: 'It must suck to be that dumb' Iranian attacks expose vulnerability of campaign email accounts Ex-CIA chief worries campaigns falling short on cybersecurity 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.