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United States · Law · HR

H.R. 6899 (117th)

Russia and Belarus SDR Exchange Prohibition Act of 2022

enactedUnited States· United States Congress· EN

Introduced

2 March 2022

Last action

4 October 2022 · President

Status

Became Public Law No: 117-185.

Sponsors

J. Hill, Rep. Kustoff, David [R-TN-8], Bryan Steil, William Timmons, Andy Barr, Pete Sessions, Ann Wagner, Warren Davidson, John Rose, Tom Emmer, Bill Posey, Trey Hollingsworth, Brad Sherman, Rep. Lee, Susie [D-NV-3]

Subjects

Discovery layer

Source updated

28 May 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, 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.

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

Timeline

  1. 2 March 2022

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 2 March 2022

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 2 March 2022

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 17 March 2022

    Reported

    Ordered to be Reported in the Nature of a Substitute by Voice Vote.

    Source: Committee

  5. 17 March 2022

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 10 May 2022

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  7. 10 May 2022

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 6899.

    Source: Floor

  8. 10 May 2022

    Floor

    Considered under suspension of the rules. (consideration: CR H4754-4755)

    Source: Floor

  9. 10 May 2022

    Floor

    Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  10. 10 May 2022

    Calendars

    Placed on the Union Calendar, Calendar No. 236.

    Source: Calendars

  11. 10 May 2022

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-316.

    Source: Committee

  12. 10 May 2022

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-316.

    Source: Committee

  13. 11 May 2022

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  14. 11 May 2022

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 2 (Roll no. 162). (text: 05/10/2022 CR H4754)

    Source: Floor

  15. 11 May 2022

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 2 (Roll no. 162).

    Source: Floor

  16. 11 May 2022

    Floor

    Considered as unfinished business. (consideration: CR H4840-4841)

    Source: Floor

  17. 12 May 2022

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

    Source: IntroReferral

  18. 19 July 2022

    Reported

    Committee on Foreign Relations. Ordered to be reported without amendment favorably.

    Source: Committee

  19. 21 July 2022

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 452.

    Source: Calendars

  20. 21 July 2022

    Reported

    Committee on Foreign Relations. Reported by Senator Menendez without amendment. Without written report.

    Source: Committee

  21. 21 July 2022

    Reported

    Committee on Foreign Relations. Reported by Senator Menendez without amendment. Without written report.

    Source: Committee

  22. 21 September 2022

    Passed

    Passed Senate without amendment by Unanimous Consent. (consideration: CR S4940)

    Source: Floor

  23. 21 September 2022

    Passed

    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.

    Source: Floor

  24. 22 September 2022

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  25. 28 September 2022

    Floor

    Presented to President.

    Source: Floor

  26. 28 September 2022

    President

    Presented to President.

    Source: President

  27. 4 October 2022

    Became law

    Became Public Law No: 117-185.

    Source: President

  28. 4 October 2022

    Became law

    Signed by President.

    Source: BecameLaw

  29. 4 October 2022

    President

    Signed by President.

    Source: President

Votes

11 May 2022 · passed · On Motion to Suspend the Rules and Pass, as Amended · Passed · Official source

Yes 417 · No 2 · Abstain — · Absent/not voting 9

Showing the first 8 recorded positions. Vote totals above are complete.

Versions

Documents

20 official files

Enrolled Bill (text)

View fileDownload file

Sponsors

Related records

Sources

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