; and (B) a notice that— (i) the foreign person is not engaging in the activity that was the basis for the sanctions or has taken significant verifiable steps toward stopping the activity; and (ii) the President has received reliable assurances that the foreign person will not knowingly engage in activity subject to sanctions under subsection (a)(2) in the future. ; and (3) in subparagraph (B)(ii) of subsection (a)(3), by striking subsection (h) and inserting subsection (i) . (b) Sanctions on Russian and other foreign financial institutions Section 5 of the Ukraine Freedom Support Act of 2014 ( 22 U.S.C. 8924 ) is amended— (1) by redesignating subsections (e) and (f) as subsections (f) and (g), respectively; (2) by inserting after subsection (d) the following: (e) Notification to Congress on imposition of sanctions The President shall notify the appropriate congressional committees in writing not later than 15 days after imposing sanctions with respect to a foreign financial institution under subsection (a) or (b). ; and (3) in subsection (g), as redesignated by paragraph (1), by striking section 4(h) and inserting section 4(i) . 230. Standards for termination of certain sanctions with respect to the Russian Federation (a) Sanctions relating to undermining the peace, security, stability, sovereignty, or territorial integrity of Ukraine Section 8 of the Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014 ( 22 U.S.C. 8907 ) is amended— (1) by redesignating subsection (d) as subsection (e); and (2) by inserting after subsection (c) the following: (d) Termination Subject to section 216 of the Russia Sanctions Review Act of 2017 , the President may terminate the application of sanctions under subsection (b) with respect to a person if the President submits to the appropriate congressional committees a notice that— (1) the person is not engaging in the activity that was the basis for the sanctions or has taken significant verifiable steps toward stopping the activity