H.R. 6900 · 117th Congress
Russian Sovereign Debt Prohibition Act of 2022
- Stage
- In committee
- Sponsor
- Bill Huizenga
- Introduced
- 2022-03-02
- Latest action
- 2022-03-02 · Introduced in House
Summary
Russian Sovereign Debt Prohibition Act of 2022
This bill prohibits U.S. financial institutions from participating in the secondary Russian-backed bond market. This prohibition expires on the earlier of (1) 5 years after the date of enactment, or (2) 30 days after the President reports to Congress that Russia has ceased its destabilizing activities in Ukraine.