§ 10806 - Prohibition on listing or trading of Russian entities on United States securities exchanges

CHAPTER 115— SANCTIONS WITH RESPECT TO THE RUSSIAN FEDERATION

(a) 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.

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

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

(b)(2) an entity—

(b)(2)(A) in which the Government of the Russian Federation has a controlling or majority ownership interest; or

(b)(2)(B) that is otherwise affiliated with the Government of the Russian Federation.

(c)(1) The terms “issuer” and “security” have the meanings given those terms in section 78c(a) of title 15.

(c)(2) The term “national securities exchange” means an exchange registered as a national securities exchange in accordance with section 78f of title 15.