{"format":1,"id":"117-hr-6899","congress":117,"number":"H.R. 6899","kind":"bill","group":"bills","title":"Russia and Belarus SDR Exchange Prohibition Act of 2022","title_source":"Short Titles as Enacted","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.","titles":[{"type":"Official Title as Introduced","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."},{"type":"Short Titles from ENR (Enrolled) bill text","title":"Russia and Belarus SDR Exchange Prohibition Act of 2022"},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"Russia and Belarus SDR Exchange Prohibition Act of 2022"},{"type":"Display Title","title":"Russia and Belarus SDR Exchange Prohibition Act of 2022"},{"type":"Short Titles as Enacted","title":"Russia and Belarus SDR Exchange Prohibition Act of 2022"},{"type":"Short Titles as Passed Senate","title":"Russia and Belarus SDR Exchange Prohibition Act of 2022"},{"type":"Short Title(s) as Reported to Senate","title":"Russia and Belarus SDR Exchange Prohibition Act of 2022"},{"type":"Short Title(s) as Passed House","title":"Russia and Belarus SDR Exchange Prohibition Act of 2022"},{"type":"Short Title(s) as Reported to House","title":"Russia and Belarus SDR Exchange Prohibition Act of 2022"},{"type":"Short Title(s) as Introduced","title":"Russia and Belarus SDR Exchange Prohibition Act of 2022"}],"outcome":"became_law","law_number":"Public Law 117-185","introduced":"2022-03-02","chambers":{"house":{"status":"roll_call","date":"2022-05-11","vote":{"id":"117-2022-h162","question":"On Motion to Suspend the Rules and Pass, as Amended","title":"Russia and Belarus SDR Exchange Prohibition Act","result":"Passed","yea":417,"nay":2,"present":0,"not_voting":9,"source":"https://clerk.house.gov/evs/2022/roll162.xml"}},"senate":{"status":"voice","date":"2022-09-21","vote":null,"how":"unanimous_consent","words":"Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent."}},"president":{"status":"signed","date":"2022-10-04"},"vice_president_tie_breaker":null,"latest_action":{"text":"Became Public Law No: 117-185.","date":"2022-10-04"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2022-10-04","stage":"Public Law","blocks":[{"k":"h","t":"Russia and Belarus SDR Exchange Prohibition Act of 2022"},{"k":"p","t":"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."},{"k":"p","t":"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."},{"k":"p","t":"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."},{"k":"p","t":"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."}],"words":206},"summary":{"main_subject":{"text":"Prohibits the Secretary of the Treasury from engaging in exchanges of International Monetary Fund Special Drawing Rights held by the Russian Federation or Belarus, and sets related advocacy duties, an end date and a waiver.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6899/text/enr#H7CB7FAB6BBA94A21BBA6BCEE592D1C3D:~:text=2.%20Special%20Drawing%20Rights%20exchange%20prohibition"}]},"core_areas":["Treasury exchanges of Special Drawing Rights held by the Russian Federation or Belarus","Opposition to financial assistance to the Russian Federation and Belarus at international financial institutions"],"what_it_does":[{"text":"Bars the Secretary of the Treasury from engaging in any transaction involving the exchange of International Monetary Fund Special Drawing Rights held by the Russian Federation or Belarus.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6899/text/enr#H7CB7FAB6BBA94A21BBA6BCEE592D1C3D:~:text=2.%20Special%20Drawing%20Rights%20exchange%20prohibition"}},{"text":"Requires the Secretary of the Treasury to advocate that International Monetary Fund member countries that issue freely usable currencies prohibit transactions involving the exchange of Special Drawing Rights held by the Russian Federation or Belarus.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6899/text/enr#H7CB7FAB6BBA94A21BBA6BCEE592D1C3D:~:text=2.%20Special%20Drawing%20Rights%20exchange%20prohibition"}},{"text":"Requires the Secretary of the Treasury to direct the United States Executive Director at each international financial institution to use the voice and vote of the United States to oppose financial assistance to the Russian Federation and Belarus, except to address basic human needs of the civilian population.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6899/text/enr#H7CB7FAB6BBA94A21BBA6BCEE592D1C3D:~:text=2.%20Special%20Drawing%20Rights%20exchange%20prohibition"}},{"text":"Ends the force and effect of these provisions on the earlier of 5 years after the date of enactment, or 30 days after the President reports to Congress that the governments of the Russian Federation and Belarus have ceased destabilizing activities with respect to the sovereignty and territorial integrity of Ukraine.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6899/text/enr#H7CB7FAB6BBA94A21BBA6BCEE592D1C3D:~:text=2.%20Special%20Drawing%20Rights%20exchange%20prohibition"}},{"text":"Allows the President to waive the section if the President reports to Congress that the waiver is in the national interest of the United States and includes an explanation of the reasons.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6899/text/enr#H7CB7FAB6BBA94A21BBA6BCEE592D1C3D:~:text=2.%20Special%20Drawing%20Rights%20exchange%20prohibition"}}],"unexpected":[],"version":{"type":"Enrolled Bill","date":null,"rule":"enrolled","href":"https://www.congress.gov/bill/117th-congress/house-bill/6899/text/enr"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-15","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/117th-congress/house-bill/6899","text":"https://www.congress.gov/bill/117th-congress/house-bill/6899/text"},"card":{"image":"card/item/117-hr-6899.png","v":"e9f5f3abbd1d","alt":"Votes on Record. H.R. 6899, 117th Congress: Russia and Belarus SDR Exchange Prohibition Act of 2022. House: 417 Yea, 2 Nay. Senate: unanimous consent. Outcome: Became law, 4 Oct 2022."}}