H.R. 6899: Russia and Belarus SDR Exchange Prohibition Act of 2022
CBO Score
$0
Documentation
Date of Report
Tue August 9th, 2022
Legislation Details
117th Congress
To prohibit the Secretary of the Treasury from engaging in transactions involving the exchange of Special Drawing Rights issued by the International Monetary Fund that are held by the Russian Federation or Belarus.
Sponsor: Rep. French Hill — R — AR
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 cou...
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