Trump Signs 'Seriously Flawed' Russia Sanctions Bill - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Washington Wire
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Washington Wire RSS Get our newsletter
Order Prints
August 2, 2017 Washington Wire
Share
Share
Post
Email

Trump Signs ‘Seriously Flawed’ Russia Sanctions Bill

Associated Press

WASHINGTON (AP) — President Donald Trump on Wednesday signed what he called a "seriously flawed" bill imposing new sanctions on Russia, pressured by his Republican Party not to move on his own toward a warmer relationship with Moscow in light of Russian actions.

The legislation is aimed at punishing Moscow for interfering in the 2016 U.S. presidential election and for its military aggression in Ukraine and Syria, where the Kremlin has backed President Bashar Assad. The law also imposes financial sanctions against Iran and North Korea.

Trump said the law will "punish and deter bad behavior by the rogue regimes in Tehran and Pyongyang" and enhance existing sanctions on Moscow.

The president had been reluctant to proceed with the bill, even after it was revised to include some changes that American and European companies sought to ensure that business deals were not stifled by new sanctions. Trump has expressed frustration over Congress' ability to limit or override the power of the White House on national security matters, saying that it is complicating efforts to coordinate with allies — a sentiment he expressed in Wednesday's statement.

Last week, the House overwhelmingly backed the bill, 419-3, and the Senate rapidly followed with a 98-2 vote. Those margins guaranteed that Congress would be able to beat back any attempt by Trump to veto the measure.

The president said Wednesday that he signed the bill "for the sake of national unity."

"The bill remains seriously flawed — particularly because it encroaches on the executive branch's authority to negotiate," Trump said. "By limiting the executive's flexibility, this bill makes it harder for the United States to strike good deals for the American people, and will drive China, Russia, and North Korea much closer together."

Trump's talk of extending a hand of cooperation to Russian President Vladimir Putin has been met with resistance as skeptical lawmakers look to limit his leeway. The new measure targets Russia's energy sector as part of legislation that prevents Trump from easing sanctions on Moscow without congressional approval.

Those limits, backed by Republicans as well as Democrats, resulted from lawmakers' worries that Trump might ease the financial hits without first securing concessions from Putin. Republicans refused to budge even after the White House complained that the "congressional review" infringed on Trump's executive authority.

Moscow responded to a White House announcement last week that Trump intended to sign the bill, ordering a reduction in the number of U.S. diplomats in Russia.

Top members of Trump's administration voiced their unhappiness with the bill anew this week, echoing his sentiments that it poses more diplomatic hindrances than solutions.

"Neither the president nor I are very happy about that," Secretary of State Rex Tillerson said Tuesday of the sanctions bill, which he had urged lawmakers not to approve.

"We were clear that we didn't think that was going to be helpful to our efforts, but that's the decision they made," he said.

Tillerson conceded that he is unable to show that the U.S. has fulfilled Trump's objective of a new, more cooperative relationship between the former Cold War foes, noting only modest efforts in Syria as a sign the nations share some common goals. While he said Americans want the U.S. to get along with the nuclear-armed power, he did not address other concerns at home. U.S. intelligence agencies have accused Moscow of meddling in the 2016 presidential election to help Trump.

"The situation is bad, but believe me — it can get worse," Tillerson said.

Vice President Mike Pence, traveling Tuesday in the former Soviet republic of Georgia, sought to reframe the sanctions as a "further sign of our commitment" to counter Russian aggression in the region.

"The president and our Congress are unified in our message to Russia: A better relationship, the lifting of sanctions will require Russia to reverse the actions that caused the sanctions to be imposed in the first place," Pence said. "And not before."

Lawmakers on both sides of the aisle celebrated the passage of the sanctions bill.

"It's long overdue," Sen. Mark Warner, D-Va., the vice chairman of the Senate intelligence committee, said of Trump's decision to sign the bill nearly a week after it cleared Congress. "Hope we'll send again a strong message to Russia that we can't have interference in our elections going forward."

Sen. Bob Corker, R-Tenn., chairman of the Foreign Relations Committee, said he hadn't read the statement Trump issued announcing that he'd signed the sanctions bill. But Corker, who shepherded the legislation through the Senate, appeared indifferent to Trump's criticisms. "Somebody pointed it out," Corker said exiting the Senate chamber after a vote. "That's fine."

But the House's top Democrat blasted Trump for calling the bill "seriously flawed," saying it raises serious questions about whether his administration will follow the law.

House Minority Leader Nancy Pelosi said the Republican-led Congress must not allow the White House to "wriggle out of its duty to impose these sanctions for Russia's brazen assault on our democracy."

"Democrats will demand tough oversight to ensure strong and immediate implementation of the sanctions law," she said.

Associated Press writers Richard Lardner and Josh Lederman contributed to this report from Washington.

Older

Genworth Extends Merger Deadline

Newer

A.M. Best Withdraws Credit Ratings of Financial American Property and Casualty Insurance Company

Advisor News

  • Demonstrating the value of life insurance to Gen Z
  • Poor money habits are a dealbreaker in a new relationship
  • DC plan sponsors see opportunity in alternatives
  • The American Dream: Redefined as financial stability
  • Partial annuitization: How advisors can help clients balance income, growth
More Advisor News

Annuity News

  • CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
  • KBRA Assigns Rating to TruSpire Retirement Insurance Company
  • Partial annuitization: How advisors can help clients balance income, growth
More Annuity News

Health/Employee Benefits News

  • Copay assistance is meant to defray patient drug costs. Some insurers keep it instead
  • Amid claims of 'playing politics,' Auburn council amends city manager's contract
  • OCWNY to hold seminar for disability beneficiaries Friday
  • Atrium pushes back after State Health Plan leaves healthcare network out of Tier 1
  • Douglas Veterans Claims Clinic Connects Rural Veterans With Critical Services
More Health/Employee Benefits News

Life Insurance News

  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • AM Best Upgrades Credit Ratings of Sagicor Financial Company Ltd. and Most of Its Subsidiaries
  • Trust, technology and the future of claims
  • New York Life Launches an Indemnity Benefit for its Asset Flex Long-Term Care Insurance Solution
  • AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet