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Not a Red Cent from Russia Act

12/29/2022, 9:48 PM

Summary of Bill HR 7044

Bill 117 hr 7044, also known as the Not a Red Cent from Russia Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to prohibit the United States government from using any funds to purchase goods or services from Russia. This includes any contracts, agreements, or transactions that involve Russian entities.

The bill aims to prevent the US government from financially supporting the Russian economy, particularly in light of the strained relations between the two countries. It also seeks to send a strong message to Russia about the consequences of its actions, such as its interference in US elections and its aggressive behavior on the international stage.

If passed, the Not a Red Cent from Russia Act would have significant implications for US government procurement practices and could potentially impact a wide range of industries and sectors. Supporters of the bill argue that it is necessary to hold Russia accountable for its actions and protect American interests, while critics may raise concerns about the potential economic consequences of cutting off trade with Russia. Overall, the Not a Red Cent from Russia Act is a controversial piece of legislation that reflects the ongoing tensions between the United States and Russia. Its fate in Congress remains uncertain, but it has sparked important debates about the relationship between the two countries and the role of economic sanctions in international diplomacy.

Congressional Summary of HR 7044

Not a Red Cent from Russia Act

This bill requires the President to prohibit the importation of nickel and copper from Russia.

Current Status of Bill HR 7044

Bill HR 7044 is currently in the status of Bill Introduced since March 9, 2022. Bill HR 7044 was introduced during Congress 117 and was introduced to the House on March 9, 2022.  Bill HR 7044's most recent activity was Referred to the House Committee on Ways and Means. as of March 9, 2022

Bipartisan Support of Bill HR 7044

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

Policy Area and Potential Impact of Bill HR 7044

Primary Policy Focus

Foreign Trade and International Finance

Potential Impact Areas

- Europe
- Metals
- Russia
- Trade restrictions

Alternate Title(s) of Bill HR 7044

Not a Red Cent from Russia Act
Not a Red Cent from Russia Act
To prohibit importation of nickel and copper from the Russian Federation.

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