Stop Russian Market Manipulation Act

# Stop Russian Market Manipulation Act - Summary **What the bill does:** This bill would ban the United States from importing certain metals and minerals from Russia, including platinum, palladium, rhodium, ruthenium, nickel, copper, and zinc. The ban would remain in place until the President certifies that Russia has ended all military hostilities against Ukraine, and would automatically restart if Russia resumes fighting within three years of that certification. The bill also closes loopholes by preventing companies from importing these metals indirectly through trades or exchanges designed to work around the ban. **Who it affects:** U.S. companies that rely on Russian metals for manufacturing, particularly those in aerospace, electronics, automotive, and jewelry industries, would face supply chain disruptions and potentially higher costs.

American consumers could see price increases for products using these materials. Russia's economy would lose revenue from these exports. The President would have no authority to waive the restrictions. **Current status:** The bill was introduced by Senator Steve Daines (R-MT) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full Senate.