H.R. 6899Russia and Belarus SDR Exchange Prohibition Act of 2022

1 recorded action234 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: J. French Hill [R-AR-02]
Cosponsors: 13 · 11 Republicans · 2 Democrats
Policy area: International Affairs
Committees: Financial Services Committee, Foreign Relations Committee
Latest action: Oct 4, 2022 · Became Public Law No: 117-185.

IntroducedMar 2, 2022
Passed the HouseMay 11, 2022
Passed the SenateSep 21, 2022
Sent to the PresidentSep 28, 2022
Became lawOct 4, 2022

What the measure doesCRS summary

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.

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.

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.

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.

Written by the nonpartisan Congressional Research Service, describing H.R. 6899 as public Law on Oct 4, 2022. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 162

House May 11, 2022

On Motion to Suspend the Rules and Pass, as Amended

Russia and Belarus SDR Exchange Prohibition Act

Passed · Two-thirds required

417 Yea 2 Nay 9 not voting

Crossed both parties 2 of 419 voting members broke with their own party: 2 Republicans.

Open the official roll call

How the chamber split

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DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

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All members428 members

Democratic220 members

Republican208 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors13 · 11 Republicans · 2 Democrats

Signing on is not a vote: a member can cosponsor H.R. 6899 and vote against it. 0 signed when it was filed.

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