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Stop Russian Market Manipulation Act

12/19/2024, 9:07 AM

Summary of Bill HR 9717

Bill 118 hr 9717, also known as the Stop Russian Market Manipulation Act, is a piece of legislation introduced in the US Congress with the aim of addressing concerns related to Russian interference in the global market. The bill seeks to prevent Russia from manipulating markets for its own gain and to protect American businesses and consumers from the negative effects of such manipulation.

The Stop Russian Market Manipulation Act includes provisions that would increase transparency in financial transactions involving Russian entities, impose sanctions on individuals and entities found to be engaging in market manipulation, and enhance the ability of US regulatory agencies to monitor and investigate suspicious market activity.

Additionally, the bill calls for increased cooperation between the US government and international partners to combat Russian market manipulation and to hold those responsible accountable for their actions. It also includes measures to strengthen cybersecurity defenses against Russian interference in financial markets. Overall, the Stop Russian Market Manipulation Act aims to safeguard the integrity of global markets and protect American interests from the harmful effects of Russian manipulation. It represents a bipartisan effort to address a pressing national security concern and ensure a level playing field for all participants in the global economy.

Current Status of Bill HR 9717

Bill HR 9717 is currently in the status of Bill Introduced since September 20, 2024. Bill HR 9717 was introduced during Congress 118 and was introduced to the House on September 20, 2024.  Bill HR 9717's most recent activity was Referred to the Subcommittee on Trade. as of December 17, 2024

Bipartisan Support of Bill HR 9717

Total Number of Sponsors
2
Democrat Sponsors
0
Republican Sponsors
2
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
0
Republican Cosponsors
3
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 9717

Primary Policy Focus

Foreign Trade and International Finance

Alternate Title(s) of Bill HR 9717

Stop Russian Market Manipulation Act
Stop Russian Market Manipulation Act
To prohibit the importation of certain minerals from the Russian Federation.

Comments

Alexia Olsen profile image

Alexia Olsen

455

1 year ago

I cannot believe this bill is even being considered! It is outrageous that our government is allowing foreign entities to manipulate our market. This is a direct threat to our economy and national security. We need to stand up against this and protect our country from these harmful actions. It is unacceptable and must be stopped immediately.

Westyn Gill profile image

Westyn Gill

510

1 year ago

I don't know much about this bill, but it sounds like a step in the right direction. It's important to address any potential market manipulation by foreign entities. Overall, it's crucial to protect our economy and national security.

Mylah Simmons profile image

Mylah Simmons

513

1 year ago

I fully support this bill. It's important to take action against foreign manipulation in our markets. This will have a positive impact on our economy and national security. #StopRussianMarketManipulationAct