RELEASE: Rep. Hill’s Bill to Freeze Russia and Belarus Out of Future IMF Financing Passes House of Representatives
WASHINGTON, D.C. – The U.S. House of Representatives today passed Rep. French Hill’s (AR-02), H.R. 6899, the Russia and Belarus SDR Exchange Prohibition Act of 2022, in a bipartisan vote of 417-02 Rep. Hill’s legislation would prohibit the Treasury Secretary from exchanging dollars for International Monetary Fund (IMF) Special Drawing Right (SDR) assets held by Russia or Belarus and would…
