Bill · H.R. 1677· House(119-HR-1677)
Stop Russian Market Manipulation Act
- Introduced
- 2/27/2025
- Last activity
- 2/27/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Troy Downing
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the "Stop Russian Market Manipulation Act," aims to prohibit the importation of specific minerals from the Russian Federation. The targeted minerals include certain forms of platinum, nickel, and copper ores or concentrates. This prohibition applies to goods produced in Russia or by Russian entities, including those attempting to evade the ban through exchanges or swaps. The ban begins 90 days after the Act is enacted. It can only terminate after the President certifies that Russia has ended all hostilities against Ukraine.
Yes
Does this strengthen ties with allied countries?+3
The ban on Russian minerals aligns with international efforts to pressure Russia regarding its conflict in Ukraine.
Would union members be better off under this?+2
The restriction of foreign imports may provide an opportunity for increased domestic mineral production and mining jobs.
The opposite· 3 of 21
Would business owners be better off under this?-5
Businesses that rely on the importation of these specific minerals will face supply chain disruptions and increased costs.
Does this make trade with other countries easier?-4
The bill restricts trade by banning the importation of specific minerals from the Russian Federation.
Is this likely to grow the economy?-3
The prohibition on essential minerals like nickel and copper may increase costs for domestic industries and reduce overall economic growth.
Who it would affect, and how
Potential Positive Impacts for People
- Ending mineral imports from the Russian Federation or Russian entities: This provision targets platinum (including palladium, braggite, rhodium, and ruthenium), nickel, and copper ores or concentrates (Section 2(a) and 2(b)).
Potential Negative Impacts for People
- Import prohibitions: The Act prohibits the importation of specific minerals including platinum, nickel, and copper ores or concentrates if they are produced in the Russian Federation or by a Russian entity (Section 2(a) and 2(b)).
- Restrictions on minerals obtained through exchange: The bill prohibits minerals that have been exchanged, swapped, or obtained in ways designed to evade the application of this section (Section 2(a)(2)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Union Workers+2Good For Business Owners-5Good For Billionaires-2Good For Farmers-2Good For Rural Residents-2Good For Gun Owners-1Good For High Income Households-1Good For High Net Worth Individuals-1Good For Immigrants-1Good For L G B T Q Community-1Good For Low Income Households-1Good For Men-1Good For Middle Class Households-1Good For People With Disabilities-1Good For Retirees-1Good For Students-1Good For Ultra High Net Worth Individuals-1Good For Urban Residents-1Good For Veterans-1Good For Women-1
- Economy And Finance
- Improves Economic Growth-3
- National Security And Foreign Policy
- Improves International Alliances+3Improves International Trade-4
- 2/27/2025
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Ryan ZinkeRepublican · Montana