Legis Daily

Stop Russian Market Manipulation Act

USA119th CongressHR-1677| House 
| Updated: 2/27/2025
Troy Downing

Troy Downing

Republican Representative

Montana

Cosponsors (1)
Ryan K. Zinke (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, named the "Stop Russian Market Manipulation Act," aims to prohibit the importation of certain minerals from the Russian Federation into the United States. The prohibition applies to minerals produced in Russia or by a Russian entity, and also extends to minerals obtained through exchanges or swaps designed to circumvent the ban. This measure is intended to exert economic pressure on Russia. The specific minerals targeted by this legislation include platinum (encompassing palladium, braggite, rhodium, and ruthenium), nickel , and copper ores and concentrates (including zinc), as classified under the Harmonized Tariff Schedule of the United States. The ban will commence 90 days after the bill's enactment. The import prohibition will terminate one year after the President certifies to Congress that the Government of the Russian Federation has ceased all hostilities against Ukraine. However, a three-year probationary period follows this certification, during which the ban will resume if the President certifies that Russia has restarted hostilities. Notably, the President is explicitly prohibited from waiving this import ban.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 118-9717
Stop Russian Market Manipulation Act
Feb 27, 2025

Latest Companion Bill Action

S 119-808
Introduced in Senate
Feb 27, 2025
Introduced in House
Feb 27, 2025
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 118-9717
    Stop Russian Market Manipulation Act


  • February 27, 2025

    Latest Companion Bill Action

    S 119-808
    Introduced in Senate


  • February 27, 2025
    Introduced in House


  • February 27, 2025
    Referred to the House Committee on Ways and Means.

Foreign Trade and International Finance

Related Bills

  • S 119-808: Stop Russian Market Manipulation Act
Conflicts and warsEuropeMetalsRussiaTrade restrictionsUkraine

Stop Russian Market Manipulation Act

USA119th CongressHR-1677| House 
| Updated: 2/27/2025
This bill, named the "Stop Russian Market Manipulation Act," aims to prohibit the importation of certain minerals from the Russian Federation into the United States. The prohibition applies to minerals produced in Russia or by a Russian entity, and also extends to minerals obtained through exchanges or swaps designed to circumvent the ban. This measure is intended to exert economic pressure on Russia. The specific minerals targeted by this legislation include platinum (encompassing palladium, braggite, rhodium, and ruthenium), nickel , and copper ores and concentrates (including zinc), as classified under the Harmonized Tariff Schedule of the United States. The ban will commence 90 days after the bill's enactment. The import prohibition will terminate one year after the President certifies to Congress that the Government of the Russian Federation has ceased all hostilities against Ukraine. However, a three-year probationary period follows this certification, during which the ban will resume if the President certifies that Russia has restarted hostilities. Notably, the President is explicitly prohibited from waiving this import ban.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 118-9717
Stop Russian Market Manipulation Act
Feb 27, 2025

Latest Companion Bill Action

S 119-808
Introduced in Senate
Feb 27, 2025
Introduced in House
Feb 27, 2025
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 118-9717
    Stop Russian Market Manipulation Act


  • February 27, 2025

    Latest Companion Bill Action

    S 119-808
    Introduced in Senate


  • February 27, 2025
    Introduced in House


  • February 27, 2025
    Referred to the House Committee on Ways and Means.
Troy Downing

Troy Downing

Republican Representative

Montana

Cosponsors (1)
Ryan K. Zinke (Republican)

Ways and Means Committee

Foreign Trade and International Finance

Related Bills

  • S 119-808: Stop Russian Market Manipulation Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Conflicts and warsEuropeMetalsRussiaTrade restrictionsUkraine