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House Bill 6899
117th Congress(2021-2022)
Russia and Belarus SDR Exchange Prohibition Act of 2022
Became Law
Became Law
Became Public Law 117-185 on Oct 4, 2022
Overview
Text
Introduced
Mar 2, 2022
Latest Action
Oct 4, 2022
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6899
Congress
117
Policy Area
International Affairs
International Affairs
Primary focus of measure is matters affecting foreign aid, human rights, international law and organizations; national governance; arms control; diplomacy and foreign officials; alliances and collective security. Measures concerning trade agreements, tariffs, foreign investments, and foreign loans may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
French Hill
Arkansas
Republican
Bryan Steil
Wisconsin
Republican
Bill Posey
Florida
Republican
Trey Hollingsworth
Indiana
Republican
Andy Barr
Kentucky
Republican
Tom Emmer
Minnesota
Republican
Ann Wagner
Missouri
Democrat
Brad Sherman
California
Republican
Warren Davidson
Ohio
Republican
William Timmons
South Carolina
Republican
David Kustoff
Tennessee
Republican
John Rose
Tennessee
Republican
Pete Sessions
Texas
Democrat
Susie Lee
Nevada
House Votes (1)
Senate Votes (1)
Passed on May 11, 2022
Question
On Motion to Suspend the Rules and Pass, as Amended
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
2/3 Yea-And-Nay
Roll Number
162
House Roll Call Votes
Summary

Russia and Belarus SDR Exchange Prohibition Act of 2022

This bill prohibits the Department of the Treasury from engaging in any transaction involving the exchange of Special Drawing Rights (SDRs) held by Russia or Belarus.

The SDR is an international reserve asset maintained by the International Monetary Fund (IMF) based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.

Treasury must also (1) vigorously advocate for IMF member countries to prohibit transactions involving the exchange of SDRs held by Russia or Belarus, and (2) direct U.S. representatives to the IMF to oppose any allocation of SDRs to Russia or Belarus.

The bill's provisions shall be in effect until the earlier of (1) five years after this bill's enactment, or (2) 30 days after the President reports to Congress that the governments of Russia and Belarus have ceased destabilizing activities directed at Ukraine's sovereignty and territorial integrity.

Text (6)
Enrolled Bill
Reported to Senate
July 21, 2022
Referred in Senate
May 12, 2022
Engrossed in House
May 11, 2022
Reported in House
May 10, 2022
Introduced in House
March 2, 2022
Related Bills (1)
Apr 25, 2022
Introduced in Senate
2
Sponsorship
Senate Bill 4079
Russia and Belarus SDR Exchange Prohibition Act of 2022
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Public Record
Record Updated
Mar 8, 2023 8:26:38 PM
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