Congressional oversight of certain sanctions imposed with respect to the Russian Federation

(a) In general Not later than 30 days after receiving a request from the chairman and ranking member of one of the appropriate congressional committees with respect to whether a person meets the criteria of a foreign person described in section 4(a) or is violating or has violated a covered regulation, the President shall— (1) determine if the person meets such criteria; and (2) submit a classified or unclassified report to such chairman and ranking member with respect to such determination that includes a statement of whether the President imposed or intends to impose sanctions with respect to such person. (b) Covered regulation defined The term covered regulation means the following regulations as they are in effect on the date of enactment of this Act— (1) part 587 of title 31, Code of Federal Regulations (Russia Harmful Foreign Activities Sanctions Regulations); or (2) part 589 of title 31, Code of Federal Regulations (Ukraine/Russia-Related Sanctions Regulations).