[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6899 Enrolled Bill (ENR)]

        H.R.6899

                    One Hundred Seventeenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

           Begun and held at the City of Washington on Monday,
          the third day of January, two thousand and twenty-two


                                 An Act


 
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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Russia and Belarus SDR Exchange 
Prohibition Act of 2022''.
SEC. 2. SPECIAL DRAWING RIGHTS EXCHANGE PROHIBITION.
    (a) In General.--The Secretary of the Treasury may not engage in 
any transaction involving the exchange of Special Drawing Rights issued 
by the International Monetary Fund that are held by the Russian 
Federation or Belarus.
    (b) Advocacy.--The Secretary of the Treasury shall--
        (1) vigorously advocate that the governments of the member 
    countries of the International Monetary Fund, to the extent that 
    the member countries issue freely usable currencies, prohibit 
    transactions involving the exchange of Special Drawing Rights held 
    by the Russian Federation or Belarus and
        (2) direct the United States Executive Director at each 
    international financial institution (as defined in section 
    1701(c)(2) of the International Financial Institutions Act) to use 
    the voice and vote of the United States to oppose the provision of 
    financial assistance to the Russian Federation and Belarus, except 
    to address basic human needs of the civilian population.
    (c) Termination.--The preceding provisions of this section shall 
have no force or effect on the earlier of--
        (1) the date that is 5 years after the date of the enactment of 
    this Act; or
        (2) 30 days after the date that the President reports to the 
    Congress that the governments of the Russian Federation and Belarus 
    have ceased destabilizing activities with respect to the 
    sovereignty and territorial integrity of Ukraine.
    (d) Waiver.--The President may waive the application of this 
section if the President reports to the Congress that the waiver is in 
the national interest of the United States and includes an explanation 
of the reasons therefor.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.