No Shari’a Act

House Bill

H.R. 5512

119th Congress

No Shari’a Act

In Committee

Introduced:Oct 21, 2025

Primary Sponsor

Dwight Evans

Representative

Democratic

PA-3

Cosponsors

3

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill requires U.S. financial institutions to ensure any entity or person they own or control complies with financial sanctions against Russia and Belarus to the same extent as the institution itself.

Latest Action

Placed on the Union Calendar, Calendar No. 255.

SponsorDwight Evans (D-PA)

Introduced10/21/2025

StatusReferred to the House Committee on the Judiciary.

ChamberHouse

Data from Congress.gov

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Vote Prediction

No Shari’a Act

This bill requires U.S. financial institutions to ensure any entity or person they own or control complies with financial sanctions against Russia and Belarus to the same extent as the institution itself.

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill requires U.S. financial institutions to ensure any entity or person they own or control complies with financial sanctions against Russia and Belarus to the same extent as the institution itself.

Bill Number: 5512
Sponsor: Dwight Evans (D-PA)
Introduced: 10/21/2025
Status: Referred to the House Committee on the Judiciary.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: No Shari’a Act
Bill Number: 5512
Sponsor: Dwight Evans (D-PA)
Status: Referred to the House Committee on the Judiciary.
Introduced: 10/21/2025
Summary: This bill requires U.S. financial institutions to ensure any entity or person they own or control complies with financial sanctions against Russia and Belarus to the same extent as the institution itself.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill requires U.S. financial institutions to ensure any entity or person they own or control complies with financial sanctions against Russia and Belarus to the same extent as the institution itself.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Russia and Belarus Financial Sanctions Act of 2023This bill requires a U.S. financial institution to take all necessary and available actions to ensure any entity or person owned or controlled by such institution complies with financial sanctions applicable to Russia or Belarus to the same extent required of that institution.

Key Points

Main provisions of the bill

Expands financial sanctions against Russia and Belarus to cover entities and people owned or controlled by U.S. financial institutions.
Requires U.S. financial institutions to take actions to ensure compliance with sanctions by these affiliated entities and individuals.
Aims to further restrict access to the U.S. financial system for Russia and Belarus in response to the ongoing conflict in Ukraine.

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would impact U.S. banks, investment firms, and other financial institutions by requiring them to closely monitor and enforce sanctions compliance across their entire corporate structures, including subsidiaries and affiliates. This could lead to increased compliance costs and complexity for the financial sector.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Related Subjects

Bank accounts, deposits, capital

Banking and financial institutions regulation

Belarus

Credit and credit markets

Europe

Foreign and international banking

International monetary system and foreign exchange

Russia

Sanctions

Securities

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

5512, 119th Congress (2025). "No Shari’a Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5512

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