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United States · Bill · S

S. 4079 (117th)

Russia and Belarus SDR Exchange Prohibition Act of 2022

referredUnited States· United States Congress· EN

Introduced

25 April 2022

Last action

25 April 2022 · Introduced

Status

Read twice and referred to the Committee on Foreign Relations.

Sponsors

Sen. Scott, Rick [R-FL], Sen. Manchin, Joe, III [D-WV]

Subjects

Discovery layer

Source updated

7 April 2025

Official sourceDownload fileView documentsShare

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, (2) 30 days after the President reports to Congress that the governments of Russia and Belarus have ceased aggression directed at undermining Ukraine's sovereignty and territorial integrity, or (3) the date on which the President reports to Congress that termination of the provisions is in the national interest of the United States.

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

Timeline

  1. 25 April 2022

    Introduced

    Read twice and referred to the Committee on Foreign Relations.

    Source: IntroReferral

  2. 25 April 2022

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 25 April 2022

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 25 April 2022

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 25 April 2022

    Open at official source

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Sponsors

Related records

Sources

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