IB 

Union Calendar No. 236 

117TH CONGRESS 

2D SESSION H. R. 6899 

[Report No. 117–316] 

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. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 2, 2022 

Mr. HILL introduced the following bill; which was referred to the Committee 

on Financial Services 

MAY 10, 2022 

Additional sponsors: Mr. KUSTOFF, Mr. STEIL, Mr. TIMMONS, Mr. BARR, Mr. 

SESSIONS, Mrs. WAGNER, Mr. DAVIDSON, Mr. ROSE, Mr. POSEY, Mr. 

EMMER, Mr. HOLLINGSWORTH, Mr. SHERMAN, and Mrs. LEE of Nevada 

MAY 10, 2022 

Reported with an amendment, committed to the Committee of the Whole 

House on the State of the Union, and ordered to be printed 

[Strike out all after the enacting clause and insert the part printed in italic] 

[For text of introduced bill, see copy of bill as introduced on March 2, 2022] 


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•HR 6899 RH

A BILL 

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. 


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•HR 6899 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Russia and Belarus 

5 SDR Exchange Prohibition Act of 2022’’. 

6 SEC. 2. SPECIAL DRAWING RIGHTS EXCHANGE PROHIBI7 TION. 

8 (a) IN GENERAL.—The Secretary of the Treasury may 

9 not engage in any transaction involving the exchange of 

10 Special Drawing Rights issued by the International Mone11 tary Fund that are held by the Russian Federation or 

12 Belarus. 

13 (b) ADVOCACY.—The Secretary of the Treasury shall— 

14 (1) vigorously advocate that the governments of 

15 the member countries of the International Monetary 

16 Fund, to the extent that the member countries issue 

17 freely usable currencies, prohibit transactions involv18 ing the exchange of Special Drawing Rights held by 

19 the Russian Federation or Belarus; and 

20 (2) direct the United States Executive Director 

21 at each international financial institution (as defined 

22 in section 1701(c)(2) of the International Financial 

23 Institutions Act) to use the voice and vote of the 

24 United States to oppose the provision of financial as25 sistance to the Russian Federation and Belarus, exVerDate Sep 11 2014 00:38 May 11, 2022 Jkt 029200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6203 E:\BILLS\H6899.RH H6899

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•HR 6899 RH

1 cept to address basic human needs of the civilian pop2 ulation. 

3 (c) TERMINATION.—The preceding provisions of this 

4 section shall have no force or effect on the earlier of— 

5 (1) the date that is 5 years after the date of the 

6 enactment of this Act; or 

7 (2) 30 days after the date that the President re8 ports to the Congress that the governments of the Rus9 sian Federation and Belarus have ceased destabilizing 

10 activities with respect to the sovereignty and terri11 torial integrity of Ukraine. 

12 (d) WAIVER.—The President may waive the applica13 tion of this section if the President reports to the Congress 

14 that the waiver is in the national interest of the United 

15 States and includes an explanation of the reasons therefor. 


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Union Calendar No. 236 

117TH CONGRESS 

2D SESSION H. R. 6899 

[Report No. 117–316] 

A BILL 

To prohibit the Secretary of the Treasury from enRussian Federation or Belarus. national Monetary Fund that are held by the Special Drawing Rights issued by the Inter- gaging in transactions involving the exchange of 

MAY 10, 2022 

Reported with an amendment; committed to the Comand ordered to be printed mittee of the Whole House on the State of the Union 


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