Stop Russian Market Manipulation Act

# Stop Russian Market Manipulation Act Summary **What the bill would do:** This bill would ban the United States from importing eight valuable metals and minerals from Russia—platinum, palladium, braggite, rhodium, ruthenium, nickel, copper, and zinc—regardless of whether they're produced directly in Russia or obtained through indirect means to circumvent the ban. The prohibition would remain in place until one year after the President certifies that Russia has ended all hostilities against Ukraine. If Russia resumes fighting within three years of that certification, the ban would automatically go back into effect. Importantly, the President cannot waive or suspend this ban. **Who it affects:** This policy would impact U.S. industries that rely on these metals—including automotive manufacturers, electronics producers, jewelry makers, and industrial equipment producers.

It would also affect Russian mining companies and any businesses involved in trading these materials internationally. American consumers might face higher prices for products containing these metals if domestic alternatives or other suppliers are more expensive. **Current status:** The bill was introduced by Rep. Troy Downing (R-MT) in the 119th Congress and is currently in committee, meaning it hasn't yet been voted on by the full House. It remains part of broader U.S. efforts to impose economic consequences on Russia related to its conflict with Ukraine.