To prohibit the importation of platinum and palladium from the Russian Federation.

Hozzl · 2024-12-19T09:05:51Z

Explore the details of House Bill 9612 To prohibit the importation of platinum and palladium from the Russian Federation. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Foreign Trade and International Finance. Stay informed on legislative developments.

12/19/2024, 9:05 AM

Summary of Bill HR 9612

Bill 118 hr 9612, also known as the "Prohibition of Russian Platinum and Palladium Importation Act," aims to prevent the importation of platinum and palladium from the Russian Federation into the United States. The bill was introduced in response to concerns about Russia's aggressive actions on the international stage, including its invasion of Ukraine and interference in the 2016 US presidential election.

If passed, the bill would prohibit the importation of platinum and palladium from Russia, two valuable metals that are used in a variety of industries, including automotive manufacturing, jewelry production, and electronics. The bill seeks to reduce US reliance on Russian sources of these metals and send a message of disapproval to the Russian government for its actions.

Supporters of the bill argue that cutting off the importation of Russian platinum and palladium would help weaken Russia's economy and put pressure on the government to change its behavior. They also believe that it is important for the US to take a stand against Russian aggression and protect national security interests. Opponents of the bill argue that it could have negative economic consequences for US businesses that rely on Russian sources of platinum and palladium. They also question the effectiveness of the bill in changing Russian behavior and argue that diplomatic solutions would be more appropriate. Overall, the "Prohibition of Russian Platinum and Palladium Importation Act" is a controversial piece of legislation that highlights the complex relationship between the US and Russia. It remains to be seen whether the bill will be passed into law and what impact it will have on US-Russian relations.

Current Status of Bill HR 9612

Bill HR 9612 is currently in the status of Bill Introduced since September 16, 2024. Bill HR 9612 was introduced during Congress 118 and was introduced to the House on September 16, 2024. Bill HR 9612's most recent activity was Referred to the Subcommittee on Trade. as of December 17, 2024

Bipartisan Support of Bill HR 9612

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 9612

Primary Policy Focus

Foreign Trade and International Finance

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Sponsors and Cosponsors of HR 9612

Matthew M. Rosendale, Sr.

Montana(Republican)

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