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Sanctions on Russia: Gold Transactions and Regime Supporters

This act introduces new sanctions against Russia, focusing on gold-related transactions. The goal is to limit Russia's ability to fund destabilizing activities. Citizens are not directly affected, but may observe broader geopolitical consequences.
Key points
The U.S. President must identify and sanction individuals and entities involved in gold transactions with Russia.
Sanctions include freezing assets in the U.S. and denying entry to the United States for sanctioned individuals.
The act can be terminated if Russia ceases its destabilizing activities in Ukraine.
Exceptions to sanctions exist, for example, for humanitarian activities or compliance with international agreements.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_5232
Sponsor: Sen. Cornyn, John [R-TX]
Process start date: 2022-12-12
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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

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_S_5232.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-12.

What are the main provisions?

Key points include:

  • The U.S. President must identify and sanction individuals and entities involved in gold transactions with Russia.
  • Sanctions include freezing assets in the U.S. and denying entry to the United States for sanctioned individuals.
  • The act can be terminated if Russia ceases its destabilizing activities in Ukraine.
  • Exceptions to sanctions exist, for example, for humanitarian activities or compliance with international agreements.
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 Sen. Cornyn, John [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Security