H.R. 4723 would require the Administration to impose sanctions on foreign persons and entities who threaten peace and stability in Bosnia and Herzegovina. The bill also would codify existing sanctions established under Executive Order 13219 and Executive Order 14033 against foreign persons and entities who threaten peace and stability across the entire Western Balkans region. The Administration also would be required, within 60 days of receiving a request from the Congress, to determine and report on whether the sanctions apply to certain foreign persons.