Updated DETER Act Introduced in the US Congress
View Debevoise Update
- On April 3, 2019, a new version of last year’s Defending Elections from Threats by Establishing Redlines Act” (“DETER”) was introduced into the U.S. Senate.
- If the U.S. government confirms Russian government interference in a U.S. election, DETER would require sanctions on Russian energy, defense and intelligence sectors, financial institutions, politicians and “oligarchs” involved in the interference, and sovereign debt.
- DETER requires the U.S. Government to provide to Congress an updated report on Russian “oligarchs”, senior political officials and parastatal entities, a report on the largest Russian state owned financial institutions and a report on the net worth of the Russian President and senior political officials.