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Stop Russian Market Manipulation Act

3/27/2025, 3:23 AM

Summary of Bill S 808

Bill 119 s 808, also known as the "Prohibition of Certain Minerals Importation from Russia Act," aims to prevent the importation of specific minerals from the Russian Federation. The bill is a response to concerns about Russia's involvement in conflicts and human rights abuses, particularly in regions like Ukraine and Syria.

The minerals targeted by this bill are those that are commonly used in various industries, such as technology and manufacturing. By prohibiting their importation from Russia, the United States hopes to put pressure on the Russian government and deter their actions that are deemed harmful or unethical.

Supporters of the bill argue that it is necessary to take a stand against Russia's aggressive behavior on the international stage. They believe that by cutting off the importation of these minerals, the US can send a strong message to Russia and potentially weaken their ability to fund their military activities. Opponents of the bill, however, raise concerns about the potential impact on US businesses that rely on these minerals for their operations. They worry that the ban could lead to shortages and increased costs for American companies, ultimately hurting the economy. Overall, Bill 119 s 808 is a contentious piece of legislation that highlights the complex relationship between the US and Russia. It will be interesting to see how lawmakers navigate these challenges and whether the bill ultimately becomes law.

Congressional Summary of S 808

Stop Russian Market Manipulation Act

This bill prohibits the importation of specified minerals from Russia.

Specifically, the bill prohibits the importation of platinum, palladium, braggite, rhodium, ruthenium, nickel, cooper, or zinc if the mineral is (1) produced in Russia or by a Russian entity; or (2) determined to have been exchanged with, swapped for, or otherwise obtained in lieu of such a mineral in a manner designed to evade or circumvent this prohibition. The President may not waive this prohibition.

The prohibition shall continue to apply until one year after the President certifies to Congress that the Russian government has ended all hostilities against Ukraine. If the Russian government resumes hostilities against Ukraine within three years of a certification, then the prohibition shall resume effect.

Current Status of Bill S 808

Bill S 808 is currently in the status of Bill Introduced since February 27, 2025. Bill S 808 was introduced during Congress 119 and was introduced to the Senate on February 27, 2025.  Bill S 808's most recent activity was Read twice and referred to the Committee on Finance. as of February 27, 2025

Bipartisan Support of Bill S 808

Total Number of Sponsors
3
Democrat Sponsors
0
Republican Sponsors
3
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
2
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 808

Primary Policy Focus

Alternate Title(s) of Bill S 808

A bill to prohibit the importation of certain minerals from the Russian Federation.
A bill to prohibit the importation of certain minerals from the Russian Federation.

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