The bill would codify into law current Russian sanctions in response to the countryâs interference in the 2016 U.S. presidential elections and aggression in Ukraine.
The legislationâs new version only covers sanctions on Russiaâs energy export pipelines and bans U.S. investments in Arctic offshore, shale and deepwater projects in which Russian entities have a 33 percent controlling interest.
The measure would also impose sanctions on Iran with regard to its ballistic missile activities as well as on North Koreaâs shipping sector amid the countryâs missile and nuclear development programs.
“While the president supports tough sanctions on North Korea, Iran and Russia, the White House is reviewing the House legislation and awaits a final legislative package for the presidentâs desk,” Sarah Huckabee Sanders, a spokeswoman for the White House, said in a statement Tuesday.
The report added that the sanctions package is now headed to the Senate, which has not yet scheduled a vote on the bill.