PEACE Act of 2025
Download PDFSponsored by
Rep. Nunn, Zachary [R-IA-3]
ID: N000193
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 3, 2025
Introduced
📍 Current Status
Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.
Committee Review
Floor Action
Passed House
Senate Review
Passed Congress
Presidential Action
Became Law
📚 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.
Related Topics
💰 Campaign Finance Network
Rep. Nunn, Zachary [R-IA-3]
Congress 119 • 2024 Election Cycle
No PAC contributions found
No committee contributions found
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
Rep. Barrett, Tom [R-MI-7]
ID: B001321
Top Contributors
10
Rep. Conaway, Herbert C. [D-NJ-3]
ID: C001136
Top Contributors
10
Rep. Suozzi, Thomas R. [D-NY-3]
ID: S001201
Top Contributors
10
Donor Network - Rep. Nunn, Zachary [R-IA-3]
Hub layout: Politicians in center, donors arranged by type in rings around them.
Showing 37 nodes and 36 connections
Total contributions: $212,869
Top Donors - Rep. Nunn, Zachary [R-IA-3]
Showing top 21 donors by contribution amount