“SEC. 238. PROHIBITION ON TRANSACTIONS RELATING TO NEW SOVEREIGN DEBT OF THE RUSSIAN FEDERATION.
“(a) In General.—Not later than 60 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2019, the President shall prescribe regulations prohibiting United States persons from engaging in transactions with, providing financing for, or otherwise dealing in, Russian sovereign debt issued on or after the date that is 90 days after such date of enactment.
“(b) Russian Sovereign Debt Defined.—In this section, the term ‘Russian sovereign debt’ means—
“(1) bonds issued by the Central Bank, the National Wealth Fund, or the Federal Treasury of the Russian Federation, or agents or affiliates of any of those entities, with a maturity of more than 14 days;
“(2) foreign exchange swap agreements with the Central Bank, the National Wealth Fund, or the Federal Treasury of the Russian Federation with a duration of more than 14 days; and
“(3) any other financial instrument, the duration or maturity of which is more than 14 days, that—
“(A) was issued by a Russian financial institution on behalf of the Government of the Russian Federation; or
“(B) the President determines otherwise represents the sovereign debt of the Government of the Russian Federation.
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