Des Moines Sun

Congressman Zach Nunn, a member of the U.S. House of Representatives and the Financial Services Committee, has used his social media platform to highlight recent legislative efforts aimed at countering Russian aggression through economic measures.

On July 22, 2025, Nunn announced the introduction of bipartisan legislation targeting financial institutions that support Russia’s military actions. He stated, "Our bipartisan PEACE Act slaps sanctions on foreign banks bankrolling Russia’s war. Maximum leverage to bring Putin to the table with zero cost to taxpayers. This is Peace Through Strength."

Later that day, Nunn addressed ongoing diplomatic efforts and the rationale behind advancing the legislation in committee. He wrote on July 22, 2025: "As President Trump presses for diplomacy, Russia keeps escalating. That’s why we’re moving the PEACE Act at @FinancialCmte to block foreign banks from fueling Putin’s war machine."

In a subsequent post on July 22, 2025, Nunn reported progress in Congress: "I'm proud of the bipartisan work we've done on the PEACE Act, which just passed 53-1 through @FinancialCmte. Our message to Putin is clear: come to the table, engage with Ukraine and President Trump in good faith to find a path to peace, or face a tough new set of sanctions."

The PEACE Act represents an effort by U.S. lawmakers to exert economic pressure on Russia by sanctioning foreign banks that facilitate its war financing. The measure aims to incentivize negotiations without direct fiscal impact on American taxpayers and was advanced through the House Financial Services Committee with strong bipartisan support.

This legislative action comes amid ongoing international concerns about Russia's military activities in Ukraine and broader geopolitical tensions involving Western nations.