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Stop Russian Market Manipulation Act

USA119th CongressS-808| Senate 
| Updated: 2/27/2025
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (4)
Dan Sullivan (Republican)Tim Sheehy (Republican)Elissa Slotkin (Democratic)Gary C. Peters (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislation, titled the "Stop Russian Market Manipulation Act" , establishes a prohibition on the importation of specific minerals from the Russian Federation into the United States, taking effect 90 days after its enactment. The bill specifically bans the import of platinum (including palladium, rhodium, and ruthenium), nickel , and copper ores and concentrates (including zinc) if they are produced in Russia, by a Russian entity, or obtained through means designed to evade the ban, with no waiver authority for the President. The prohibition is set to terminate one year after the President certifies Russia has ended hostilities against Ukraine, but includes a critical probationary period allowing for its immediate resumption if Russia recommences hostilities within three years of that certification, ensuring sustained economic pressure.
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Timeline
Feb 27, 2025

Latest Companion Bill Action

HR 119-1677
Introduced in House
Feb 27, 2025
Introduced in Senate
Feb 27, 2025
Read twice and referred to the Committee on Finance.
  • February 27, 2025

    Latest Companion Bill Action

    HR 119-1677
    Introduced in House


  • February 27, 2025
    Introduced in Senate


  • February 27, 2025
    Read twice and referred to the Committee on Finance.

Foreign Trade and International Finance

Related Bills

  • HR 119-1677: Stop Russian Market Manipulation Act
Conflicts and warsEuropeMetalsRussiaTrade restrictionsUkraine

Stop Russian Market Manipulation Act

USA119th CongressS-808| Senate 
| Updated: 2/27/2025
This legislation, titled the "Stop Russian Market Manipulation Act" , establishes a prohibition on the importation of specific minerals from the Russian Federation into the United States, taking effect 90 days after its enactment. The bill specifically bans the import of platinum (including palladium, rhodium, and ruthenium), nickel , and copper ores and concentrates (including zinc) if they are produced in Russia, by a Russian entity, or obtained through means designed to evade the ban, with no waiver authority for the President. The prohibition is set to terminate one year after the President certifies Russia has ended hostilities against Ukraine, but includes a critical probationary period allowing for its immediate resumption if Russia recommences hostilities within three years of that certification, ensuring sustained economic pressure.
View Full Text

Suggested Questions

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

Timeline
Feb 27, 2025

Latest Companion Bill Action

HR 119-1677
Introduced in House
Feb 27, 2025
Introduced in Senate
Feb 27, 2025
Read twice and referred to the Committee on Finance.
  • February 27, 2025

    Latest Companion Bill Action

    HR 119-1677
    Introduced in House


  • February 27, 2025
    Introduced in Senate


  • February 27, 2025
    Read twice and referred to the Committee on Finance.
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (4)
Dan Sullivan (Republican)Tim Sheehy (Republican)Elissa Slotkin (Democratic)Gary C. Peters (Democratic)

Finance Committee

Foreign Trade and International Finance

Related Bills

  • HR 119-1677: Stop Russian Market Manipulation Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Conflicts and warsEuropeMetalsRussiaTrade restrictionsUkraine