Skip to content
PoliticalRepoPoliticalRepo

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

Rep. Sherman, Brad [D-CA-32], Rep. Green, Al [D-TX-9], Rep. Dean, Madeleine [D-PA-4], Rep. Adams, Alma S. [D-NC-12], Carolyn Bourdeaux, Rep. Lawson, Al, Jr. [D-FL-5], Rep. Cleaver, Emanuel [D-MO-5], Rep. Costa, Jim [D-CA-21], Rep. Doggett, Lloyd [D-TX-37], Rep. Garamendi, John [D-CA-8], Rep. Lieu, Ted [D-CA-36], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Mfume, Kweisi [D-MD-7], Rep. Pappas, Chris [D-NH-1], Rep. Vargas, Juan [D-CA-52], Rep. Wild, Susan [D-PA-7]

Subjects

Discovery layer

Source updated

10 January 2026

Official sourceDownload fileView documentsShare

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)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House (text)

    Introduced in House · EN · 6 April 2022

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 6 April 2022

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House

    summary · EN · 6 April 2022

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.