Bill · S. 808· Senate(119-S-808)
Stop Russian Market Manipulation Act
- Introduced
- 2/27/2025
- Last activity
- 2/27/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Steve Daines
- Cosponsors
- - 3 - 2
- Introduced
- In Committee
What this bill would do
The Stop Russian Market Manipulation Act aims to prohibit the importation of specific minerals from the Russian Federation into the United States. This includes platinum, palladium, braggite, rhodium, ruthenium, nickel, and copper ores or concentrates such as zinc. The ban applies to minerals produced in Russia or by Russian entities, as well as those used to evade these restrictions. The prohibition begins 90 days after the act is enacted. The ban remains in effect until one year after the President certifies that hostilities against Ukraine have ended.
Yes
Does this strengthen ties with allied countries?+3
The bill supports international stability by using mineral import bans as a tool to pressure Russia to end hostilities in Ukraine.
The opposite
Does this make trade with other countries easier?-4
The bill restricts the international trade of specific minerals including platinum, palladium, and nickel by prohibiting their importation from Russia.
Would business owners be better off under this?-3
Businesses that rely on the importation of specified minerals like nickel or copper ores may face supply chain disruptions or increased costs.
Who it would affect, and how
Potential Positive Impacts for People
-
Ending Hostilities/Peace Incentive: The prohibition terminates one year after the President certifies that the Government of the Russian Federation has ended all hostilities against Ukraine (Section 2, subsection c, paragraph 1). This creates a link between the cessation of hostilities and the lifting of mineral import bans.
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Prevention of Evasion: The bill prohibits minerals that are exchanged, swapped, or obtained to circumvent the application of the section (Section 2, subsection a, paragraph 2). This helps ensure that the prohibition cannot be easily bypassed through indirect means.
Potential Negative Impacts for People
-
Import Restrictions: The bill prohibits the importation of platinum, palladium, braggite, rhodium, ruthenium, nickel, and copper ores or concentrates such as zinc if they are produced in Russia or by a Russian entity (Section 2, subsection b). This restriction applies to minerals that may be exchanged or swapped to evade the law (Section 2, subsection a, paragraph 2).
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Strict Enforcement: The President is not allowed to waive the prohibition under any circumstances (Section 2, subsection d).
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 Business Owners-3
- National Security And Foreign Policy
- Improves International Alliances+3Improves International Trade-4
- 7/27/2026
- 1 Cosponsor added.
- 3/10/2025
- 1 Cosponsor added.
- 2/27/2025
- Read twice and referred to the Committee on Finance.
- 3 Cosponsors added.
- Introduced in Senate
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.
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