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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.
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Expired
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Additional Information
Print number: 117_HR_7068
Sponsor: Rep. Slotkin, Elissa [D-MI-8]
Process start date: 2022-03-11
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Source data: api.congress.gov
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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.

CATEGORIES

Economy Security