On the recordMarch 27, 2014
Mr. President, today the Senate will finally adopt, after some unfortunate delays, urgent bipartisan aid and sanctions legislation on Ukraine developed with the cooperation of a number of committees here in the Senate, and constructed by Foreign Relations Committee Chairman Menendez and his ranking member, Senator Corker. Both are also distinguished senior members of the Banking Committee, which I chair, and which has jurisdiction over the economic sanctions provided for in the bill. I am pleased to have been able to work closely with them to ensure this sound result, including provisions to impose targeted asset freeze sanctions against individuals and businesses found by the President to have been responsible for threats to the territorial integrity of Ukraine, and for certain acts of corruption in Russia. Once we pass this bill, I hope the House will act quickly to approve it and send it to the President for his signature. With this legislation, Congress is providing the President with flexible new tools to make clear to President Putin and his allies that Russia's recent moves against Ukraine are unacceptable, and that there will be an increasingly painful economic and political price to pay for these actions. Economic sanctions are an important tool of American diplomacy. In Iran, years of tough, comprehensive economic sanctions have helped finally to bring Iran's leaders to the nuclear negotiating table.…





