22 U.S.C. § 10806 — Prohibition on listing or trading of Russian entities on United States securities exchanges

(a) In general Not later than 30 days after September 18, 2026 , the Securities and Exchange Commission shall prohibit the securities of an issuer described in subsection (b) from being traded on a national securities exchange. (b) Issuers An issuer described in this subsection is an issuer that is— (1) an official of or individual affiliated with the Government of the Russian Federation; or (2) an entity— (A) in which the Government of the Russian Federation has a controlling or majority ownership interest; or (B) that is otherwise affiliated with the Government of the Russian Federation. (c) Definitions In this section: (1) Issuer; security The terms “ issuer ” and “ security ” have the meanings given those terms in section 78c(a) of title 15 . (2) National securities exchange The term “ national securities exchange ” means an exchange registered as a national securities exchange in accordance with section 78f of title 15 . ( Pub. L. 119–111, div. A, title I, § 106 , Sept. 18, 2026 , 140 Stat. 1036 .)

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