House bill · 119th Congress · Latest step: Committee action
PEACE Act of 2025
Official title: To secure a peaceful resolution to the Russia-Ukraine conflict by requiring the Secretary of the Treasury to prohibit, or impose strict conditions on, the opening or maintaining in the United States of a correspondent account or a payable-through account by certain foreign financial institutions, and for other purposes.
Open in Bill Explorer →Where it went
- IntroducedJul 10, 2025
- Committee actionJul 22, 2025
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Oct 3, 2025 — Placed on the Union Calendar, Calendar No. 277.
Cost and committee reports
Official records Congress.gov attaches to H.R. 4346.
- CBO cost estimateThe Congressional Budget Office published “H.R. 4346, Preventing the Escalation of Armed Conflict in Europe Act of 2025” on May 12, 2026. CBO’s description reads “As reported by the House Committee on Financial Services on October 3, 2025”.Read the CBO estimate ↗Source: Congressional Budget Office, May 12, 2026 ↗
Evidence
- Field in the Congress.gov record
- cboCostEstimates
- CBO publication
- https://www.cbo.gov/publication/62423
- CBO publication date
- May 12, 2026
- Congress.gov bill record
- H.R. 4346, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/4346
- Record last updated by Congress.gov
- July 18, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
b72563891553eaf7065eb8fb03b1e8e2640d42440fdbcb0492b6711061a41c79
PORKER links to the estimate and does not repeat its dollar figures. Each estimate is for the version of the bill its description names; the bill may have changed since.
- Committee reportCongress.gov lists 1 committee report for this bill: H. Rept. 119-324 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on October 3, 2025.Source: Congress.gov, reported October 3, 2025 ↗
Evidence
- Field in the Congress.gov record
- committeeReports
- Report API records
- https://api.congress.gov/v3/committee-report/119/HRPT/324
- Congress.gov bill record
- H.R. 4346, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/4346
- Record last updated by Congress.gov
- July 18, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
b72563891553eaf7065eb8fb03b1e8e2640d42440fdbcb0492b6711061a41c79
A committee report is the committee’s own explanation of the bill. PORKER lists it and links to it; reading it is up to you.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. NUNN of Iowa, as printed in the Congressional Record (Vol. 171, No. 119, July 10, 2025, Page H3201):Article 1, Section 8 of the United States Constitution To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.Source: Congress.gov, Congressional Record July 10, 2025 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 287 characters
- Congress.gov bill record
- H.R. 4346, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/4346
- Record last updated by Congress.gov
- July 18, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
b72563891553eaf7065eb8fb03b1e8e2640d42440fdbcb0492b6711061a41c79
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
From the Congress.gov bill record for H.R. 4346, last updated July 18, 2026. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
4 cosponsors — 1 Republican, 3 Democrats
3 of 4 cosponsors (75%) are from the other party.
Tom Barrett (R-MI), Herbert Conaway (D-NJ), Josh Gottheimer (D-NJ), Thomas Suozzi (D-NY).
More from the sponsor
Other 119th Congress bills sponsored by Rep. Zachary Nunn.
- H.R. 2978 (119th) GUARD Act
- H.R. 2384 (119th) Financial Technology Protection Act of 2025
- H.R. 3301 (119th) ELEVATE Act of 2025
- H.Con.Res. 96 (119th) Expressing support for law enforcement officers.
- H.Res. 375 (119th) Expressing support for the designation of May 2025 as Renewable Fuels Month to recognize the important role that renewable fuels play in…
- H.R. 736 (119th) Protect Small Businesses from Excessive Paperwork Act of 2025
Related bills
- H.R. 4301 (119th) PEACE Act of 2025Related bill
Relationships as recorded by Congress.gov.
Sponsor’s state and district
Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.