Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

H.R. 6899, Russia and Belarus SDR Exchange Prohibition Act of 2022 (CBO Report for Congress)

Premium   Download PDF Now (23 pages)
Congress 117th
Date Requested March 17, 2022
Requested By House Committee on Financial Services
Date Sent April 22, 2022
Description:
H.R. 6899 would prohibit the Department of the Treasury from exchanging U.S. dollars for Special Drawing Rights (SDR) held by Russia or Belarus. SDR are an international reserve asset of the International Monetary Fund (IMF) and are distributed to each member country. The bill would direct the department to encourage other IMF members to follow suit and to oppose any non-humanitarian assistance for Russia and Belarus provided by international financial institutions (such as the IMF and World Bank).

« Return to search CBO reports