1. Short title This Act may be cited as the Congressional Oversight of Russian Sanctions Act . 2. Congressional oversight of certain sanctions imposed with respect to the Russian Federation (a) In general Not later than 60 days after receiving a request from the chairman and ranking member of one of the appropriate congressional committees with respect to whether a person, foreign person, or foreign financial institution, as the case may be, meets the criteria of a person described in a covered Executive order, the President shall— (1) determine if the person, foreign person, or foreign financial institution, as the case may be, meets such criteria; and (2) submit a classified or unclassified report to such chairman and ranking member with respect to such determination that includes a statement of whether or not the President imposed or intends to impose sanctions with respect to such person, foreign person, or foreign financial institution. (b) Definitions In this section: (1) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Foreign Affairs of the House of Representatives; and (B) the Committee on Foreign Relations of the Senate. (2) Covered Executive order The term covered Executive order means— (A) Executive Order 14024 (86 Fed. Reg. 20249; relating to blocking property with respect to specified harmful foreign activities of the Government of the Russian Federation) or any directive issued pursuant to such Executive order; or (B) Executive Order 14039 (86 Fed. Reg. 47205; relating to blocking property with respect to certain Russian energy export pipelines) or any directive issued pursuant to such Executive order.