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Maloney Bill Would Restrict Federal Contracts for Companies Doing Business in Russia

Maloney Bill Would Restrict Federal Contracts for Companies Doing Business in Russia

The House Committee on Oversight and Reform on Apr. 6 passed H.R. 7185, the Federal Contracting for Peace and Security Act, which would severely curtail federal contracts for companies that continue to do business in Russia. Committee Chairwoman Carolyn Maloney (D-N.Y.), who introduced the bill last month, said that Ukrainian President Volodymyr Zelensky had urged Congress to look for and eliminate loopholes that allow U.S. dollars to go to Russia. "I've found a loophole," Maloney said at the Apr. 6…

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