1. Short title This Act may be cited as the Georgian Fair Business Practices Sanctions Act of 2017 . 2. Report on actions of the Government of Georgia to undermine commitments or contractual agreements made with United States persons engaging in business operations in the country of Georgia (a) In general Not later than 90 days after the date of the enactment of this Act, and not less frequently than once every 180 days thereafter, the President shall submit to the appropriate congressional committees a report that— (1) includes a determination of the President of whether or not the Government of Georgia is taking actions to undermine the commitments or contractual agreements made with United States persons engaging in business operations in the country of Georgia; and (2) identifies foreign persons who are current or former officials of the Government of Georgia who are responsible for any actions described in paragraph (1). (b) Information The report required under subsection (a) shall include— (1) a summary of United States Government and nongovernment investment in Georgia; and (2) an assessment of the impact of actions described in subsection (a)(1) on the future of United States investment in Georgia. (c) Form The report required under subsection (a) shall be submitted in unclassified form but may include a classified annex. 3. Imposition of sanctions with respect to the Government of Georgia and responsible officials of the Government of Georgia (a) In general If the President submits to the appropriate congressional committees a report under section 2 that contains an affirmative determination of the President as described in subsection (a)(1) of such section— (1) the President shall impose the sanctions described in subsection (b) with respect to the Government of Georgia