Statement ● Defense and National Security
For Immediate Release: 
January 17, 2019
Contact Info: 
Annaliese Davis 202-225-3130
WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) spoke on the Floor in support of a resolution he introduced to prevent the Trump Administration from lifting sanctions on businesses controlled by Russian oligarch Oleg Deripaska. Below is a link to the video and excerpts from his remarks:
 

Click here to watch the full remarks.
 
“I'm offering this resolution today because it is deeply concerning that the Treasury Department would terminate sanctions from companies owned by Oleg Deripaska.  Mr. Deripaska is a Russian oligarch, meaning he's very, very wealthy.  He's an associate, a very close associate of President Vladimir Putin.  The businesses he controls were sanctioned under the Russian sanctions legislation that Congress enacted through bipartisan action in 2017 – as I have sponsored numerous bills with Mr. McCarthy when he was the Majority Leader to make sure that the Congress was on record and had policies which would stanch the attacks on our country, on our security by the Russians.  I was deeply disappointed that the Republican Senate rejected a similar resolution yesterday. And when I say rejected it, the majority of the members of the Senate, fifty-seven to be exact, supported this resolution.”
 
“I talked to Secretary Mnuchin yesterday and the day before, and I asked Secretary Mnuchin, given the concerns about this legislation, about this withdrawing of sanctions on Rusal, that they give us until February 28 to have hearings, to reflect upon, to have further discussions with the Administration, and to make a determination whether we thought this action was in the best interests of our country.  Unfortunately, when the Senate failed to get the sixty votes they needed to bring cloture so they could get the final consideration of the bill, the Treasury Department decided to go forward.  It is crucial that the Congress, however, make clear that the allies of Vladimir Putin, no matter how wealthy or how powerful they are, face appropriate consequences for their actions against America's security and democratic institutions.  That's what this is about.”
 
“Mr. Speaker, I hope our action today will force the Treasury Department to engage more thoroughly with Congress on explaining its actions on this deal and to seek a better one... I therefore urge my colleagues to join me… in supporting this resolution, and I call on the Senate to reconsider its position.”