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Prohibition on SDR Exchange with Russia and Belarus

This law prohibits the U.S. government from exchanging Special Drawing Rights (SDRs) issued by the International Monetary Fund that are held by Russia or Belarus. This aims to limit financial support to these countries, indirectly affecting international stability and security. Citizens may feel the impact of this decision through broader foreign policy consequences.
Key points
The U.S. government is prohibited from exchanging Special Drawing Rights (SDRs) held by Russia or Belarus.
The U.S. will advocate for other countries to also prohibit such transactions.
The law aims to limit financial assistance to Russia and Belarus, except for basic human needs.
These provisions will terminate after 5 years or earlier if Russia and Belarus cease destabilizing activities against Ukraine.
article Official text account_balance Process page
VOTING RESULTS
2022-05-11
100%
For 417
Against 2
Abstain 0
Full voting results open_in_new
Became Law
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6899
Sponsor: Rep. Hill, J. French [R-AR-2]
Process start date: 2022-03-02
Voting date: 2022-05-11
Meeting no: 2
Voting no: 162
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Russia and Belarus SDR Exchange Prohibition Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6899.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-02.

What are the main provisions?

Key points include:

  • The U.S. government is prohibited from exchanging Special Drawing Rights (SDRs) held by Russia or Belarus.
  • The U.S. will advocate for other countries to also prohibit such transactions.
  • The law aims to limit financial assistance to Russia and Belarus, except for basic human needs.
  • These provisions will terminate after 5 years or earlier if Russia and Belarus cease destabilizing activities against Ukraine.
What is the specific legal status?

The current status is Became Law.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Hill, J. French [R-AR-2].

What is the latest detailed status?

The latest detailed status is: Became Public Law No: 117-185.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Security