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H.R. 6899: Russia and Belarus SDR Exchange Prohibition Act of 2022

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H.R. 6899: Russia and Belarus SDR Exchange Prohibition Act of 2022

117th Congress · introduced 2022-03-02 · International Affairs · Latest: Became Public Law No: 117-185.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2022-03-02 · official record
  2. Who proposed it: Rep. Hill, J. French [R-AR-2] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 162 (2022): On Motion to Suspend the Rules and Pass, as Amended, HR6899 (2022-05-11), Passed. See all
  4. Where it stands now: Became Public Law No: 117-185. (final step reached)
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Russia and Belarus SDR Exchange Prohibition Act of 2022

Plain summary

Russia and Belarus SDR Exchange Prohibition Act of 2022 This act prohibits the Department of the Treasury from engaging in any transaction involving the exchange of Special Drawing Rights (SDRs) held by Russia or Belarus and requires Treasury to take actions to oppose financial assistance to 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 each international financial institution to oppose providing financial assistance to Russia or Belarus except to address the basic human needs of their civilian populations. The act's provisions shall be in effect until the earlier of (1) five years after this act'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. The President may also waive the provisions upon reporting to Congress that doing so is in the national interest of the United States.

Congressional Research Service summary (Public Law), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Russia and Belarus SDR Exchange Prohibition Act of 2022

Source: Congressional Research Service summary (Public Law)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Hill, J. French [R-AR-2] · 13 cosponsors

Cost estimate: CBO cost estimate: H.R. 6899, Russia and Belarus SDR Exchange Prohibition Act of 2022 (2022-04-22); CBO cost estimate: H.R. 6899, Russia and Belarus SDR Exchange Prohibition Act of 2022 (2022-08-09)

Cosponsors on this site

David Kustoff (R-TN), Bryan Steil (R-WI), William R. Timmons IV (R-SC), Andy Barr (R-KY), Pete Sessions (R-TX), Ann Wagner (R-MO), Warren Davidson (R-OH), John W. Rose (R-TN), Tom Emmer (R-MN), Brad Sherman (D-CA), Susie Lee (D-NV)

Sponsor's campaign money: Rep. Hill, J. French [R-AR-2] reported raising $5.3 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

Sources

Record fed-us-cong117-hr6899 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117