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119-hr-1677119th Congress

Stop Russian Market Manipulation Act

Sponsored By: Representative Downing, Troy [R-MT-2]

Introduced

Summary

Blocks imports of certain Russian minerals. The bill would ban U.S. imports of platinum-group metals, nickel, and copper ores and concentrates when they come from the Russian Federation or from Russian entities.

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  • Would bar traders and importers from bringing into the U.S. specified minerals produced in Russia or by Russian entities, including platinum-group metals (palladium, rhodium, etc.), nickel, and copper ores and concentrates. The ban also reaches minerals moved through exchanges, swaps, or other arrangements to evade it.
  • Would take effect 90 days after enactment and would terminate one year after the President certifies that the Russian government has ended hostilities against Ukraine.
  • During a three-year probationary period after that certification the ban could resume if the President certifies hostilities have restarted. The bill also forbids any presidential waiver and defines a "Russian entity" as an entity organized under Russian law or otherwise subject to Russian jurisdiction.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Import ban on Russian metals and ores

If enacted, this bill would ban importing certain Russian minerals 90 days after enactment. It would cover platinum (including palladium, rhodium, ruthenium, and braggite), nickel, and copper ores and concentrates, including zinc. The ban would apply to minerals made in Russia or by a “Russian entity,” and also to swaps or exchanges meant to dodge the ban. The President would not be able to waive this ban. The ban would end one year after the President certifies to Congress that Russia has ended all hostilities against Ukraine. If Russia resumes hostilities within three years after that, the ban would restart until there is a new certification that hostilities have ended.

Sponsors & CoSponsors

Sponsor

Downing, Troy [R-MT-2]

MT • R

Cosponsors

  • Rep. Zinke, Ryan K. [R-MT-1]

    MT • R

    Sponsored 2/27/2025

Roll Call Votes

No roll call votes available for this bill.

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