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.