arrow_back Civic Audit
Share share

Prohibiting Russian Gold Transactions: New Rules for US Persons

This act aims to prohibit US citizens and companies from trading in gold originating from Russia. This means if you are a US citizen or operate a US company, you cannot buy, sell, or transport gold that comes from the Russian government or has a connection to Russia. The goal is to limit Russia's ability to acquire financial resources.
Key points
US citizens and entities are prohibited from transacting in gold from the Russian Federation, including from its Central Bank reserves.
The ban also covers transactions involving gold with any physical or electronic link to Russia, even if not directly from the government.
The US Treasury Department will issue guidance to help individuals avoid unknowingly investing in or transacting with Russian gold.
Violations of these rules can lead to financial penalties and other legal consequences.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 117_HR_7068
Sponsor: Rep. Slotkin, Elissa [D-MI-8]
Process start date: 2022-03-11
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Stop Russian GOLD Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7068.

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 2022-03-11.

What are the main provisions?

Key points include:

  • US citizens and entities are prohibited from transacting in gold from the Russian Federation, including from its Central Bank reserves.
  • The ban also covers transactions involving gold with any physical or electronic link to Russia, even if not directly from the government.
  • The US Treasury Department will issue guidance to help individuals avoid unknowingly investing in or transacting with Russian gold.
  • Violations of these rules can lead to financial penalties and other legal consequences.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Slotkin, Elissa [D-MI-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Foreign Affairs.

Is this summary verified?

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

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Security