PEACE Act of 2025

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Bill ID: 119/hr/4346
Last Updated: July 17, 2026

Sponsored by

Rep. Nunn, Zachary [R-IA-3]

ID: N000193

Follow the money

The bill

PEACE Act of 2025

HR. 4346, 119th Congress β€” read as touching Commercial Banks.

The sponsor

Rep. Nunn, Zachary [R-IA-3]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$142,100 raised

24 itemised contributions to this sponsor, pulled from FEC filings.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Placed on the Union Calendar, Calendar No. 277.

October 2, 2025

Introduced

πŸ“ Current Status

Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.

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Committee Review

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Floor Action

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Passed House

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Senate Review

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Passed Congress

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Presidential Action

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Became Law

πŸ“š How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

Another masterpiece of legislative theater, courtesy of the esteemed members of Congress. The PEACE Act of 2025 - because nothing says "peace" like a bill that's essentially a sanctions-filled Trojan horse.

**Main Purpose & Objectives:** The bill's stated goal is to secure a peaceful resolution to the Russia-Ukraine conflict by imposing strict conditions on foreign financial institutions that do business with Russia. Yeah, right. And I'm sure the President's tweets about Putin "playing with fire" had nothing to do with this bill.

**Key Provisions & Changes to Existing Law:** The bill requires the Secretary of the Treasury to prohibit or impose strict conditions on correspondent accounts and payable-through accounts held by foreign financial institutions that knowingly provide significant financial services to Russia. It also sets out penalties for non-compliance, including civil fines up to $377,700 and criminal penalties of up to 20 years in prison.

But let's get real - this bill is just a thinly veiled attempt to strong-arm Russia into submission while pretending to care about Ukraine. The "findings" section reads like a laundry list of Putin's greatest hits, carefully curated to justify the sanctions. And that waiver provision? A nice little escape clause for when the President needs to make a deal with Russia.

**Affected Parties & Stakeholders:** Foreign financial institutions, Russia, and Ukraine are the obvious players here. But let's not forget the real stakeholders: the defense contractors, arms manufacturers, and energy companies who'll benefit from this bill's inevitable escalation of tensions.

**Potential Impact & Implications:** This bill is a recipe for disaster - or at least, a nice little profit boost for the war machine. By imposing sanctions on Russia, we're essentially daring them to retaliate, which will only lead to more conflict and instability in the region. And what about the poor Ukrainian civilians caught in the crossfire? Oh wait, they're just collateral damage in our grand game of geopolitics.

In conclusion, this bill is a farce - a cynical attempt to posture as a champion of peace while actually fueling the flames of war. It's a classic case of "diplomacy by other means," where we use economic coercion to get what we want without actually doing any real diplomacy.

Diagnosis: Acute Case of Legislative Hypocrisy, with symptoms including:

* Grandstanding about peace while promoting conflict * Using sanctions as a blunt instrument to bludgeon Russia into submission * Ignoring the human cost of this bill's inevitable escalation

Treatment: A healthy dose of skepticism and a strong stomach for the hypocrisy that is Washington politics.

Generated using Llama 3.1 70B (Dr. Haus personality)

πŸ’° Campaign Finance Network

Rep. Nunn, Zachary [R-IA-3]

Congress 119 β€’ 2024 Election Cycle

Total Contributions
$142,100
21 donors
PACs
$0
Organizations
$10,100
Committees
$0
Individuals
$132,000

No PAC contributions found

1
SAC & FOX TRIBE OF THE MISSISSIPPI IN IOWA
2 transactions
$3,500
2
OTOE MISSOURIA TRIBE OF OKLAHOMA
1 transaction
$3,300
3
TURTLE MOUNTAIN BAND OF CHIPPEWA OF ND
1 transaction
$3,300

No committee contributions found

1
SMITH, JOHN M.
2 transactions
$13,200
2
SILVERMAN, JEFFREY
2 transactions
$13,200
3
EMMET, RICHARD
1 transaction
$6,600
4
WEEKLEY, RICHARD W.
1 transaction
$6,600
5
STERN, ELIZABETH
1 transaction
$6,600
6
RASMUSSEN, CYNTHIA
1 transaction
$6,600
7
RASMUSSEN, STEPHEN
1 transaction
$6,600
8
BELTRAME, MARC
1 transaction
$6,600
9
BRUCH, TYLER
1 transaction
$6,600
10
DANIELS, RONALD L.
1 transaction
$6,600
11
MYERS, JAMES M.
1 transaction
$6,600
12
SCHWARZMAN, CHRISTINE
1 transaction
$6,600
13
GILLIAM, RICHARD
1 transaction
$6,600
14
SINGER, PAUL
1 transaction
$6,600
15
BRADLEY, JACQUELINE
1 transaction
$6,600
16
RICKETTS, J. JOE
1 transaction
$6,600
17
UNDERWOOD, RUSS
1 transaction
$6,600
18
JONES, NORMAN
1 transaction
$6,600

Cosponsors & Their Campaign Finance

This bill has 4 cosponsors. Below are their top campaign contributors.

Rep. Gottheimer, Josh [D-NJ-5]

ID: G000583

Top Contributors

10

1
AMERICAN EXPRESS
OrganizationNEWARK, NJ
$22,941
Apr 12, 2024
2
AMERICAN EXPRESS
OrganizationNEWARK, NJ
$10,621
May 10, 2024
3
PAYROLL DATA PROCESSING
OrganizationTAMPA, FL
$6,337
May 15, 2024
4
PAYROLL DATA PROCESSING
OrganizationTAMPA, FL
$6,337
Apr 15, 2024
5
PAYROLL DATA PROCESSING
OrganizationTAMPA, FL
$6,337
Apr 30, 2024
6
PAYROLL DATA PROCESSING
OrganizationTAMPA, FL
$5,751
Apr 1, 2024
7
EASTERN BAND OF CHEROKEE INDIANS
OrganizationCHEROKEE, NC
$3,300
Oct 22, 2024
8
SEKAS LAW GROUP LLC
OrganizationENGLEWOOD CLIFFS, NJ
$1,500
Apr 12, 2024
9
SANDOR F. GENET & ASSOCIATES, P.A.
OrganizationNORTH MIAMI BEACH, FL
$250
Apr 12, 2024
10
FIRESTONE MILKEN, SARAH
NOT EMPLOYED β€’ NOT EMPLOYED
IndividualPACIFIC PALISADES, CA
$13,200
Jul 2, 2024

Rep. Barrett, Tom [R-MI-7]

ID: B001321

Top Contributors

10

1
MICHIGAN AGGREGATES ASSOCIATION PAC
OrganizationOKEMOS, MI
$300
Feb 27, 2024
2
DEMKOWICZ, BRIAN MR.
HURON CAPITAL β€’ INVESTOR
IndividualGROSSE POINTE, MI
$13,200
Jan 8, 2024
3
STADLER, BRIAN
WOLGAST CORPORATION β€’ MANAGER
IndividualSAGINAW, MI
$6,870
Sep 28, 2023
4
UIHLEIN, RICHARD
ULINE β€’ CHAIRMAN
IndividualLAKE FOREST, IL
$6,870
Sep 26, 2023
5
COURTNEY, JOHN
RETIRED β€’ RETIRED
IndividualOKEMOS, MI
$6,870
Dec 8, 2023
6
BAKER, JEFFREY
MUSKEGON CAR CREDIT β€’ EXECUTIVE
IndividualGRAND RAPIDS, MI
$6,600
Jul 25, 2023
7
BANCROFT, NICHOLAS
AGROLIQUID β€’ CEO
IndividualSAINT JOHNS, MI
$6,600
Sep 19, 2023
8
HAWORTH, MATTHEW
HAWORTH, INC. β€’ CHAIRMAN
IndividualHOLLAND, MI
$6,600
Sep 18, 2023
9
HAWORTH, RICHARD
HAWORTH, INC. β€’ CHAIRMAN EMERITUS
IndividualSAUGATUCK, MI
$6,600
Sep 18, 2023
10
O'NEIL, WILLIAM
W J O'NEIL COMPANY β€’ EXECUTIVE
IndividualCOMMERCE TOWNSHIP, MI
$6,600
Sep 11, 2023

Rep. Conaway, Herbert C. [D-NJ-3]

ID: C001136

Top Contributors

10

1
THE PLATT LAW GROUP P.C.
OrganizationSTRATFORD, NJ
$1,000
May 8, 2024
2
FREEHOLD TOWNSHIP DEMOCRATIC CLUB
OrganizationFREEHOLD, NJ
$250
Jul 24, 2024
3
GALLETTI, SCOTT
NOT EMPLOYED β€’ RETIRED
IndividualHO HO KUS, NJ
$3,300
Sep 26, 2024
4
LEITNER, ROBYN
ADVANCED UROLOGIC ASSOCIATES ENTERPRIS β€’ PHYSICIAN
IndividualPOINT PLEASANT BORO, NJ
$3,300
Jul 17, 2024
5
ESTIN, DAVID
NOT EMPLOYED β€’ RETIRED
IndividualMONMOUTH BEACH, NJ
$3,300
Sep 26, 2024
6
SHEIKH, WASIF
ION MONITORING β€’ NEUROPHYSIOLOGY
IndividualPISCATAWAY, NJ
$3,300
Sep 18, 2024
7
COBB, WILLIAM S
NOT EMPLOYED β€’ RETIRED
IndividualALLENDALE, NJ
$3,300
Sep 26, 2024
8
CHAUDHRY, FARRUKH
ION MONITORING MANAGEMENT β€’ NEUROPHYSIOLOGIST
IndividualMONMOUTH JUNCTION, NJ
$3,300
Sep 18, 2024
9
OLSON, TY J
NEUROSURGEONS OF NEW JERSEY β€’ PHYSICIAN
IndividualRUMSON, NJ
$3,300
Sep 26, 2024
10
FALCONE, CARMEL A
NOT EMPLOYED β€’ RETIRED
IndividualALLENDALE, NJ
$3,300
Sep 26, 2024

Rep. Suozzi, Thomas R. [D-NY-3]

ID: S001201

Top Contributors

10

1
FEDERATED INDIANS OF GRATON RANCHERIA
OrganizationROHNERT PARK, CA
$3,300
Aug 3, 2024
2
SCOTTO LLC
OrganizationWOODBURY, NY
$1,650
Aug 30, 2024
3
PATROON OPERATING CO. LLC
OrganizationNEW YORK, NY
$1,000
May 13, 2024
4
THE KLAR ORGANIZATION
OrganizationEAST MEADOW, NY
$1,000
Aug 8, 2024
5
TERIAN, OLIVIA
IndividualNEW YORK, NY
$9,400
May 2, 2024
6
TERIAN, OLIVIA
OLIVIA TERIAN ART & DESIGN β€’ BUSINESS OWNER
IndividualNEW YORK, NY
$6,600
Mar 8, 2024
7
MORAN, MARY
NOT EMPLOYED β€’ RETIRED
IndividualGREENWICH, CT
$6,600
Mar 28, 2024
8
MORAN, MARY
IndividualGREENWICH, CT
$6,600
May 2, 2024
9
FAIVUS, HARRY E.
MOUNT SINAI β€’ PHYSICIAN
IndividualNEW YORK, NY
$5,000
Oct 31, 2024
10
SOSNICK, AARON
IndividualRENO, NV
$3,392
Jun 25, 2024

Donor Network - Rep. Nunn, Zachary [R-IA-3]

PACs
Organizations
Individuals
Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

Loading...

Showing 71 nodes and 36 connections (57 secondary connections hidden)

Total contributions: $212,869

Top Donors - Rep. Nunn, Zachary [R-IA-3]

Showing top 21 donors by contribution amount

3 Orgs18 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 3 harmed.

  • βˆ’Commercial Banksconfidence 0.90

    Section 3(a) requires the Secretary of the Treasury to prohibit or impose strict conditions on correspondent or payable-through accounts by foreign financial institutions that provide significant services to sanctioned Russian persons or entities in the Russian energy sector. This directly impacts U.S. commercial banks that maintain such accounts with foreign financial institutions, imposing compliance costs and potential penalties under Section 3(b).

  • Section 3(a)(4) targets foreign persons operating in the energy sector of the Russian Federation, which includes entities involved in oil and gas extraction, pipelines, and related infrastructure. This provision could restrict financial services to Russian energy infrastructure firms, affecting U.S. energy infrastructure companies that engage in cross-border transactions with Russian counterparts.

  • βˆ’Oil & Gasconfidence 0.80

    Section 3(a)(4) applies to any foreign person operating in the energy sector of the Russian Federation, which includes major Russian oil and gas producers like Gazprom, Rosneft, and Lukoil (named in Section 4). By prohibiting or conditioning correspondent accounts for institutions serving these entities, the bill restricts financial access for Russian oil and gas operations, impacting the sector globally.

Who funds the sponsor on these industries

For each industry this bill affects, here's what the sponsor (Rep. Nunn, Zachary [R-IA-3])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent β€” they are a record of who funds the people writing the law.

Industries this bill HARMS

  • from 11 contributions
    • O'NEILL, EDWARD PATRICK III$2,000
    • MCCRIGHT, RANDALL J.$2,000
    • BELL, DAWN$2,000
    • BOUSTEAD, HEATHER$273
    • ONEILL, EDWARD$250
  • from 2 contributions
    • TEMPLE, RICHARD$750

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