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S. 4079 117th Congress Senate

Russia and Belarus SDR Exchange Prohibition Act of 2022

Official title: A bill to prohibit the Secretary of the Treasury from engaging in transactions involving the exchange of Special Drawing Rights issued by the International Mon… Show full official titleShow less

Official title: A bill to prohibit the Secretary of the Treasury from engaging in transactions involving the exchange of Special Drawing Rights issued by the International Monetary Fund that are held by the Russian Federation or Belarus.

Introduced: April 25, 2022 Introduced by: Rick Scott Republican · Florida See on congress.gov
International Affairs BelarusConflicts and warsCongressional oversightCurrency
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EuropeInternational monetary system and foreign exchangeInternational organizations and cooperationMilitary operations and strategyRussiaSovereignty, recognition, national governance and statusUkraine
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 25, 2022
Read twice and referred to the Committee on Foreign Relations.
Apr 25, 2022
Introduced in Senate
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 Latest action April 25, 2022

Read twice and referred to the Committee on Foreign Relations.

 Plain-English summary Congressional Research Service

Russia and Belarus SDR Exchange Prohibition Act of 2022

This bill prohibits the Department of the Treasury from engaging in any transaction involving the exchange of Special Drawing Rights (SDRs) held by Russia or Belarus.

The SDR is an international reserve asset maintained by the International Monetary Fund (IMF) based on contributions from IMF member countries. SDRs may be exchanged between member countries and may also be exchanged for currencies.

Treasury must also (1) vigorously advocate for IMF member countries to prohibit transactions involving the exchange of SDRs held by Russia or Belarus, and (2) direct U.S. representatives to the IMF to oppose any allocation of SDRs to Russia or Belarus.

The bill's provisions shall be in effect until the earlier of (1) five years after this bill's enactment, (2) 30 days after the President reports to Congress that the governments of Russia and Belarus have ceased aggression directed at undermining Ukraine's sovereignty and territorial integrity, or (3) the date on which the President reports to Congress that termination of the provisions is in the national interest of the United States.

 Related & companion bills 1
  • HR 6899 Russia and Belarus SDR Exchange Prohibition Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 4079: Russia and Belarus SDR Exchange Prohibition Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-4079/
MLA
"S. 4079: Russia and Belarus SDR Exchange Prohibition Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4079/.
Bluebook (legal)
S. 4079, 117th Cong. (2026), https://openamerica.io/bill/117-S-4079/.
Markdown link
[S. 4079: Russia and Belarus SDR Exchange Prohibition Act of 2022](https://openamerica.io/bill/117-S-4079/)
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