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United States · Bill · HR

H.R. 7429 (117th)

Russian Digital Asset Sanctions Compliance Act of 2022

referredUnited States· United States Congress· EN

Introduced

6 April 2022

Last action

6 April 2022 · Introduced

Status

Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Brad Sherman, Al Green, Rep. Dean, Madeleine [D-PA-4], Alma Adams, Carolyn Bourdeaux, Al Lawson, Emanuel Cleaver, Rep. Costa, Jim [D-CA-21], Rep. Doggett, Lloyd [D-TX-37], Rep. Garamendi, John [D-CA-8], Rep. Lieu, Ted [D-CA-36], CAROLYN MALONEY, Rep. Mfume, Kweisi [D-MD-7], Chris Pappas, Juan Vargas, Susan Wild

Subjects

Discovery layer

Source updated

10 January 2026

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Summary

Russian Digital Asset Sanctions Compliance Act of 2022 This bill allows additional sanctions against Russia and creates specified reporting requirements regarding digital assets. Specifically, the President must periodically identify foreign persons who facilitate evasion of Russian sanctions using digital assets. The bill authorizes sanctions against such persons. The bill requires a U.S. taxpayer engaged in offshore digital asset transactions greater than $10,000 to file an annual Report of Foreign Bank and Financial Accounts with the Financial Crimes Enforcement Network. The bill allows the Department of the Treasury to prohibit U.S. digital asset trading platforms and transaction facilitators from transacting with Russian digital asset addresses. Additionally, Treasury must report on its progress in implementing the bill and must annually identify foreign digital asset trading platforms that are a high risk for sanctions evasion, money laundering, and other illicit activities.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 April 2022

    Introduced

    Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  2. 6 April 2022

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 6 April 2022

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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Sponsors

Related records

Sources

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