H.R. 6899 · 117th Congress

Russia and Belarus SDR Exchange Prohibition Act of 2022

Introduced on Mar 2, 2022 by J. French Hill (R-AR-2). 13 cosponsors, 2 of them from another party. Became Public Law 117-185.

Stage
Became law
Public Law 117-185
Introduced
Mar 2, 2022
Cosponsors
13
2 from the other party
Policy area
International Affairs
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. Passed one chamber
  4. Passed both chambers
  5. Sent to the President
  6. Became law

Official title

To prohibit the Secretary of the Treasury from engaging in transactions involving the exchange of Special Drawing Rights issued by the International Monetary Fund that are held by the Russian Federation or Belarus.

Subjects

  • Belarus
  • Conflicts and wars
  • Currency
  • Europe
  • Finance and Financial Sector
  • International monetary system and foreign exchange
  • International organizations and cooperation
  • Military operations and strategy
  • Russia
  • Sovereignty, recognition, national governance and status
  • Ukraine

Summary

By the Congressional Research Service (Public Law, Oct 4, 2022). Public domain.

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.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

J. French HillR-AR-2Sponsor

Democrats · 2

Republicans · 11

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

  1. On Motion to Suspend the Rules and Pass, as Amended
    May 11, 2022· House· Passage· Passed 417–2

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Mar 2, 2022Introduced in House
  2. Mar 2, 2022Introduced in House
  3. Mar 2, 2022 · HouseReferred to the House Committee on Financial Services.
  4. Mar 17, 2022 · HouseCommittee Consideration and Mark-up Session Held.
  5. Mar 17, 2022 · HouseOrdered to be Reported in the Nature of a Substitute by Voice Vote.
  6. May 10, 2022Reported (Amended) by the Committee on Financial Services. H. Rept. 117-316.
  7. May 10, 2022 · HouseReported (Amended) by the Committee on Financial Services. H. Rept. 117-316.
  8. May 10, 2022 · HousePlaced on the Union Calendar, Calendar No. 236.
  9. May 10, 2022 · HouseMr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
  10. May 10, 2022 · HouseConsidered under suspension of the rules. (consideration: CR H4754-4755)
  11. May 10, 2022 · HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 6899.
  12. May 10, 2022 · HouseAt 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.
  13. May 11, 2022 · HouseConsidered as unfinished business. (consideration: CR H4840-4841)
  14. May 11, 2022Passed/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).House · Roll call 162
  15. May 11, 2022 · HouseOn 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)House · Roll call 162
  16. May 11, 2022 · HouseMotion to reconsider laid on the table Agreed to without objection.
  17. May 12, 2022 · SenateReceived in the Senate and Read twice and referred to the Committee on Foreign Relations.
  18. Jul 19, 2022 · SenateCommittee on Foreign Relations. Ordered to be reported without amendment favorably.
  19. Jul 21, 2022Committee on Foreign Relations. Reported by Senator Menendez without amendment. Without written report.
  20. Jul 21, 2022 · SenateCommittee on Foreign Relations. Reported by Senator Menendez without amendment. Without written report.
  21. Jul 21, 2022 · SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 452.
  22. Sep 21, 2022Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
  23. Sep 21, 2022 · SenatePassed Senate without amendment by Unanimous Consent. (consideration: CR S4940)
  24. Sep 22, 2022 · SenateMessage on Senate action sent to the House.
  25. Sep 28, 2022Presented to President.
  26. Sep 28, 2022 · HousePresented to President.
  27. Oct 4, 2022Signed by President.
  28. Oct 4, 2022Signed by President.
  29. Oct 4, 2022Became Public Law No: 117-185.
  30. Oct 4, 2022Became Public Law No: 117-185.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 5, 2026 · loaded Oct 5, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.