1. (a) In general Not later than 30 days after September 18, 2026, the Securities and Exchange Commission shall prohibit the securities of an issuer described in subsection (b) from being traded on a national securities exchange.

2. (b) Issuers An issuer described in this subsection is an issuer that is—

   1. (1) an official of or individual affiliated with the Government of the Russian Federation; or

   2. (2) an entity—

      1. (A) in which the Government of the Russian Federation has a controlling or majority ownership interest; or
      2. (B) that is otherwise affiliated with the Government of the Russian Federation.

3. (c) Definitions In this section:

   1. (1) Issuer; security The terms “issuer” and “security” have the meanings given those terms in section 78c(a) of title 15.
   2. (2) National securities exchange The term “national securities exchange” means an exchange registered as a national securities exchange in accordance with section 78f of title 15.

(Pub. L. 119–111, div. A, title I, § 106, Sept. 18, 2026, 140 Stat. 1036.)