# 117-hr-7429: Russian Digital Asset Sanctions Compliance Act of 2022

117-hr-7429, Russian Digital Asset Sanctions Compliance Act of 2022, is a 117th Congress bill sponsored by Rep. Sherman, Brad [D-CA-32] (D-CA); status Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7429
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7429
- Congress: 117
- Title: Russian Digital Asset Sanctions Compliance Act of 2022
- Status: Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2022-04-06
- Sponsor: Rep. Sherman, Brad [D-CA-32] (D-CA)
- Cosponsors: 15
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Russian Digital Asset Sanctions Compliance Act of 2022 This bill allows additional sanctions against Russia and creates specified reporting requirements regarding digital assets. Specifically, the President must periodically identify foreign persons who facilitate evasion of Russian sanctions using digital assets. The bill authorizes sanctions against such persons. The bill requires a U.S. taxpayer engaged in offshore digital asset transactions greater than $10,000 to file an annual Report of Foreign Bank and Financial Accounts with the Financial Crimes Enforcement Network. The bill allows the Department of the Treasury to prohibit U.S. digital asset trading platforms and transaction facilitators from transacting with Russian digital asset addresses. Additionally, Treasury must report on its progress in implementing the bill and must annually identify foreign digital asset trading platforms that are a high risk for sanctions evasion, money laundering, and other illicit activities.

## Cosponsors (15)

- Rep. Green, Al [D-TX-9] (D-TX), 2022-04-06T00:00:00.000Z
- Rep. Dean, Madeleine [D-PA-4] (D-PA), 2022-04-06T00:00:00.000Z
- Rep. Adams, Alma S. [D-NC-12] (D-NC), 2022-04-06T00:00:00.000Z
- Rep. Bourdeaux, Carolyn [D-GA-7] (D-GA), 2022-04-06T00:00:00.000Z
- Rep. Lawson, Al, Jr. [D-FL-5] (D-FL), 2022-04-06T00:00:00.000Z
- Rep. Cleaver, Emanuel [D-MO-5] (D-MO), 2022-04-06T00:00:00.000Z
- Rep. Costa, Jim [D-CA-21] (D-CA), 2022-04-06T00:00:00.000Z
- Rep. Doggett, Lloyd [D-TX-37] (D-TX), 2022-04-06T00:00:00.000Z
- Rep. Garamendi, John [D-CA-8] (D-CA), 2022-04-06T00:00:00.000Z
- Rep. Lieu, Ted [D-CA-36] (D-CA), 2022-04-06T00:00:00.000Z
- Rep. Maloney, Carolyn B. [D-NY-12] (D-NY), 2022-04-06T00:00:00.000Z
- Rep. Mfume, Kweisi [D-MD-7] (D-MD), 2022-04-06T00:00:00.000Z
- Rep. Pappas, Chris [D-NH-1] (D-NH), 2022-04-06T00:00:00.000Z
- Rep. Vargas, Juan [D-CA-52] (D-CA), 2022-04-06T00:00:00.000Z
- Rep. Wild, Susan [D-PA-7] (D-PA), 2022-04-06T00:00:00.000Z

## Related bills

- 117-hr-2471: Consolidated Appropriations Act, 2022
- 117-hr-8404: Respect for Marriage Act
- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act
- 117-hr-6015: Benjamin Berell Ferencz Congressional Gold Medal Act
- 117-hr-5727: Public Service Freedom to Negotiate Act of 2021
- 117-hr-5577: To designate the facility of the United States Postal Service located at 3900 Crown Road Southwest in Atlanta, Georgia, as the "John R. Lewis Post Office Build…

## Sources
- [117-hr-7429 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7429)

## Related
- [117-hr-2471: Consolidated Appropriations Act, 2022](https://policyrisk.com/legislation/117-hr-2471)
- [117-hr-8404: Respect for Marriage Act](https://policyrisk.com/legislation/117-hr-8404)
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [117-hr-6015: Benjamin Berell Ferencz Congressional Gold Medal Act](https://policyrisk.com/legislation/117-hr-6015)
- [117-hr-5727: Public Service Freedom to Negotiate Act of 2021](https://policyrisk.com/legislation/117-hr-5727)
- [117-hr-5577: To designate the facility of the United States Postal Service located at 3900 C…](https://policyrisk.com/legislation/117-hr-5577)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7429 (as of 2025-11-18).