Stop Russian Market Manipulation Act

Bill: 119-s-808
Sponsor: full_name: Sen. Daines, Steve [R-MT]
Introduced: 2025-02-27
Policy area: Foreign Trade and International Finance
Subjects: Conflicts and wars

Europe

Metals

Russia

Trade restrictions

Ukraine
Latest action: action_date: 2025-02-27
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2025-02-27
action_desc: Introduced in Senate
text: <p><strong>Stop Russian Market Manipulation Act</strong></p><p>This bill prohibits the importation of specified minerals from Russia.</p><p>Specifically, the bill prohibits the importation of platinum, palladium, braggite, rhodium, ruthenium, nickel, cooper, or zinc if the mineral is (1) produced in Russia or by a Russian entity; or (2) determined to have been exchanged with, swapped for, or otherwise obtained in lieu of such a mineral in a manner designed to evade or circumvent this prohibition. The President may not waive this prohibition.</p><p>The prohibition shall continue to apply until one year after the&nbsp;President certifies to Congress that the Russian government has ended all hostilities against Ukraine. If the Russian government resumes hostilities against Ukraine within three years of a certification, then&nbsp;the prohibition shall resume effect.</p>

tv_txt: II 119th CONGRESS 1st Session S. 808 IN THE SENATE OF THE UNITED STATES February 27, 2025 Mr. Daines (for himself, Mr. Peters , Mr. Sheehy , and Ms. Slotkin ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To prohibit the importation of certain minerals from the Russian Federation.

1. Short title This Act may be cited as the Stop Russian Market Manipulation Act . 2. Prohibition on importation of certain minerals from the Russian Federation (a) In general Beginning on the date that is 90 days after the date of the enactment of this Act, no mineral specified in subsection (b) may be imported into the United States if the mineral is— (1) produced in the Russian Federation or by a Russian entity; or (2) determined to have been exchanged with, swapped for, or otherwise obtained in lieu of a mineral described in paragraph (1) in a manner designed to evade or circumvent the application of this section. (b) Minerals specified The minerals specified in this subsection are the following: (1) Platinum, unwrought or in semimanufactured forms, classified under heading 7110 of the Harmonized Tariff Schedule of the United States (in this Act, referred to as the HTS ), including— (A) palladium; (B) braggite; (C) rhodium; and (D) ruthenium. (2) Nickel classified under heading 2604 of the HTS. (3) Copper, ores and concentrates, classified under heading 2603 of the HTS, including zinc. (c) Termination (1) In general The prohibition under subsection (a) shall, subject to paragraph (2), terminate on the date that is one year after the President certifies to Congress that the Government of the Russian Federation has ended all hostilities against Ukraine. (2) Probationary period If, at any time during the 3-year period after the President submits a certification described in paragraph (1), the President certifies to Congress that the Government of the Russian Federation has resumed hostilities against Ukraine, the prohibition under subsection (a) shall— (A) resume effect; (B) remain in effect until the President submits to Congress another certification described in paragraph (1); and (C) after the President submits such a certification, be subject to resumption as described in this paragraph. (d) No waiver Notwithstanding any other provision of law, the President may not waive the prohibition under subsection (a). (e) Russian entity defined In this section, the term Russian entity means an entity that is organized under the laws of, or otherwise subject to the jurisdiction of, the Russian Federation.