TEXT OF AMENDMENTS

Quick facts

Record: Senate Floor
Section type: Amendments
Chamber: Senate
Date: July 29, 2026
Congress: 119th Congress
Why this source matters: This section came from the Senate floor portion of the record.

Linked context

Bills and resolutions: S. 4784 (119th Congress), H.R. 5334 (119th Congress)
Committees: Committee on Finance, Committee on Foreign Relations, Committee on Banking, Housing, and Urban Affairs

Readable version of the official text

SA 6710. Ms. CORTEZ MASTO submitted an amendment intended to be proposed by her to the bill H.R. 5334, to amend the Internal Revenue Code of 1986 to allow early childhood educators to take the educator expense deduction, and for other purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. . DENIAL OF FOREIGN TAX CREDIT WITH RESPECT TO THE

RUSSIAN FEDERATION.

(a) In General.—Section 901(j)(2) of the Internal Revenue

Code of 1986 is amended by adding at the end the following

new subparagraph:

“(C) Special rule for russia.—

“(i) In general.—This subsection shall apply to the

Russian Federation during the period described in clause

(ii).

“(ii) Period of application.—The period described in this

clause with respect to any country is the period—

“(I) beginning on the date that is 30 days after the date

of the enactment of this subparagraph, and

“(II) ending on the date on which the resumption of the

application of the rates of duty set forth in column 1 of the

Harmonized Tariff Schedule of the United States to products

of that country takes effect pursuant to section 4(b) of the

Suspending Normal Trade Relations with Russia and Belarus

Act.”.

(b) Deduction Denied.—Section 901(j)(3) of such Code is

amended by adding at the end the following new sentence:

“The preceding sentence shall not apply to any tax of any

country to which paragraph (2)(C) applies.”.

(1) In general.—Except as provided in paragraph (2), the

amendments made by this section shall take effect on the date

of the enactment of this Act.

(2) Deduction limitation.—The amendment made by subsection

(b) shall apply to taxes paid or accrued (or deemed paid or

accrued under section 960 of the Internal Revenue Code of

1986) after the date that is 90 days after the date of the

enactment of this Act.

(3) Nonapplication of treaty rules.—This section and the

amendments made by this section shall be applied without

regard to any treaty obligation of the United States.

SA 6711. Mrs. BRITT (for Ms. Graham (for herself and Mr. Blumenthal)) submitted an amendment intended to be proposed by Mrs. Britt to the bill H.R. 5334, to amend the Internal Revenue Code of 1986 to allow early childhood educators to take the educator expense deduction, and for other purposes; which was ordered to lie on the table; as follows:

Strike section 1 and insert the following:

DIVISION A—LINDSEY O. GRAHAM SANCTIONING RUSSIA AND IRAN ACT OF 2026

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

(a) Short Title.—This Act may be cited as the “Lindsey O.

Graham Sanctioning Russia and Iran Act of 2026”.

(b) Table of Contents.—The table of contents for this

division is as follows:

Sec. 1. Short title; table of contents.

TITLE I—SANCTIONS WITH RESPECT TO THE RUSSIAN FEDERATION

Sec. 101. Definitions. Sec. 102. Imposition of sanctions on certain persons affiliated with or

supporting the Government of the Russian Federation.

Sec. 103. Imposition of sanctions with respect to financial

institutions affiliated with the Government of the

Russian Federation. Sec. 104. Imposition of sanctions with respect to other entities owned

or controlled by the Government of the Russian

Federation. Sec. 105. Prohibition on transfers of funds involving the Russian

Federation. Sec. 106. Prohibition on listing or trading of Russian entities on

United States securities exchanges. Sec. 107. Prohibition on investment by United States persons in the

Russian Federation. Sec. 108. Prohibition on energy exports to, and investment in energy

sector of, the Russian Federation. Sec. 109. Prohibition on purchase of sovereign debt of the Russian

Federation by United States persons. Sec. 110. Prohibition on provision of services to sanctioned financial

institutions by international financial messaging

systems. Sec. 111. Prohibition on importing, and sanctions with respect to,

uranium from the Russian Federation. Sec. 112. Increase in duties on goods imported from the Russian

Federation. Sec. 113. Duties on countries that purchase Russian-origin crude oil or

natural gas or facilitate sanctions evasion.
Sec. 114. Exceptions.
Sec. 115. Waiver.
Sec. 116. Sanctions implementation and penalties.
Sec. 117. Termination.

TITLE II—OTHER MATTERS

Sec. 201. Extension of the Iran Sanctions Act of 1996.
Sec. 202. Severability.
Sec. 203. Sunset.

TITLE I—SANCTIONS WITH RESPECT TO THE RUSSIAN FEDERATION

SEC. 101. DEFINITIONS.

In this title:

(1) Account; correspondent account; payable-through

account.—The terms “account”, “correspondent account”,

and “payable-through account” have the meanings given those

terms in section 5318A of title 31, United States Code.

(2) Adequate maritime insurance.—The term “adequate

maritime insurance”—

(A) means verified documentation evidencing protection and

indemnity insurance with audited financial statements of the

insurer; and

(B) does not include insurance provided by an insurer

organized under the laws of the Russian Federation or

otherwise subject to the jurisdiction of the Government of

the Russian Federation.

(3) Admission; admitted; alien; etc.—The terms

“admission”, “admitted”, “alien”, and “lawfully

admitted for permanent residence” have the meanings given

those terms in section 101 of the Immigration and Nationality

Act (8 U.S.C. 1101).

(4) Armed forces of the russian federation.—The term

“Armed Forces of the Russian Federation” includes—

(A) the Aerospace Forces of the Russian Federation;

(B) the Airborne Forces of the Russian Federation;

(D) the Navy of the Russian Federation;

(E) the Special Operations Command of the Russian

Federation;

(F) the Strategic Rocket Forces of the Russian Federation;

(G) the General Staff of the Armed Forces of the Russian

Federation;

(H) the Main Directorate of the General Staff of the Armed

Forces of the Russian Federation (formerly known as the Main

Intelligence Directorate of the Russian Federation);

(I) the Federal Security Service of the Russian Federation;

(J) the Foreign Intelligence Service of the Russian

Federation;

(K) cyber actors of the Government of the Russian

Federation; and

(L) any successor entities or proxies of the entities

described in subparagraphs (A) through (K).

(5) Blocked property.—The term “blocked property” means

any property blocked pursuant to the authority of the

President under section 203 of the International Emergency

Economic Powers Act (50 U.S.C. 1702).

(6) Critical infrastructure.—

(A) In general.—The term “critical infrastructure”, with

respect to Ukraine, means systems and assets, whether

physical or virtual, so vital to Ukraine that the incapacity

or destruction of such systems and assets would have

catastrophic regional or national effects on public health or

safety, economic security, or national security.

(B) Included sectors.—The term “critical infrastructure”

includes assets in the following sectors:

(i) Biotechnology.

(ii) Chemical.

(iii) Commercial facilities.

(iv) Communications.

(v) Critical manufacturing.

(vi) Dams.

(vii) Defense industrial base.

(viii) Emergency services.

(ix) Energy.

(x) Financial services.

(xi) Food and agriculture.

(xii) Government facilities.

(xiii) Healthcare and public health.

(xiv) Information technology.

(xv) Materials and waste.

(xvi) Nuclear reactors.

(xvii) Space.

(xviii) Transportation systems.

(xix) Water and wastewater systems.

(7) Foreign person.—The term “foreign person” means an

individual or entity that is not a United States person.

(8) Knowing; knowingly; knows.—The terms “knowing”,

“knowingly”, and “knows”, with respect to conduct, a

circumstance, or a result, means that a person had actual

knowledge, or should have known, of the conduct, the

circumstance, or the result.

(9) Military invasion.—The term “military invasion”

includes—

(A) a ground operation or assault;

(B) an amphibious landing or assault;

(D) an aerial bombardment or blockade;

(E) missile attacks, including rockets, ballistic missiles,

cruise missiles, and hypersonic missiles;

(F) a naval bombardment or armed blockade;

(G) a destructive or destabilizing cyberattack against

critical infrastructure; and

(H) an attack by a country on any territory controlled or

administered by any other independent, sovereign country,

including offshore islands controlled or administered by that

country.

(10) Russian person.—The term “Russian person” means—

(A) a citizen or national of the Russian Federation; or

(B) an entity organized under the laws of the Russian

Federation or otherwise subject to the jurisdiction of the

Government of the Russian Federation.

(11) United states person.—The term “United States

person” means—

(A) a United States citizen or an alien lawfully admitted

for permanent residence to the United States; or

(B) an entity organized under the laws of the United States

or any jurisdiction within the United States, including a

foreign branch of such an entity.

SEC. 102. IMPOSITION OF SANCTIONS ON CERTAIN PERSONS

AFFILIATED WITH OR SUPPORTING THE GOVERNMENT OF

THE RUSSIAN FEDERATION.

(a) In General.—Not later than 30 days after the date of

the enactment of this Act, and every 180 days thereafter, the

President shall—

(1) review any persons and vessels that may be described in

subsection (b); and

(2) after conducting that review—

(A) impose the sanctions described in subsection (e) with

respect to any persons the President determines are described

in subsection (b); and

(B) identify as blocked property any vessels the President

determines are described in subsection (b).

(b) Persons Described.—The persons and vessels described

in this subsection are the following:

(1) The following officials of the Government of the

Russian Federation:

(A) The President of the Russian Federation.

(B) The Prime Minister of the Russian Federation.

(D) The Chief of the General Staff of the Armed Forces of

the Russian Federation.

(E) The Deputy Ministers of Defense of the Russian

Federation.

(F) The Commander-in-Chief of the Land Forces of the

Russian Federation.

(G) The Commander-in-Chief of the Aerospace Forces of the

Russian Federation.

(H) The Commander of the Airborne Forces of the Russian

Federation.

(I) The Commander-in-Chief of the Navy of the Russian

Federation.

(J) The Commander of the Strategic Rocket Forces of the

Russian Federation.

(K) The Commander of the Special Operations Forces of the

Russian Federation.

(L) The Commander of Logistical Support of the Armed Forces

of the Russian Federation.

(M) The commanders of the Russian Federation military

districts.

(N) The Minister of Foreign Affairs of the Russian

Federation.

(O) The Minister of Transport of the Russian Federation.

(P) The Minister of Finance of the Russian Federation.

(Q) The Minister of Industry and Trade of the Russian

Federation.

(R) The Minister of Energy of the Russian Federation.

(S) The Minister of Agriculture of the Russian Federation.

(T) The Director of the Foreign Intelligence Service of the

Russian Federation.

(U) The Director of the Federal Security Service of the

Russian Federation.

(V) The Director of the Main Directorate of the General

Staff of the Armed Forces of the Russian Federation.

(W) The Director of the National Guard of the Russian

Federation.

(X) The Federal Guard Service of the Russian Federation.

(Y) Any other senior official of the Government of the

Russian Federation, as determined by the President.

(2) Any foreign person that the President determines, on or

after the date of the enactment of this Act—

(A) knowingly sells, leases, or provides, or facilitates

selling, leasing, or providing, goods or services relating to

the defense industrial base of the Russian Federation,

including—

(i) computer numerical control (CNC) tools and associated

machinery, software, and maintenance or upgrade services;

(ii) lubricant additives;

(iii) nitrocellulose, wood cellulose, and associated

additives and components necessary for the production of

propellant or energetics for munitions;

(iv) chemical coatings;

(v) fiber optic cables with military applications and

associated technologies needed to manufacture such cables;

(vi) advanced sensors;

(vii) items on the Common High Priority Items List

maintained by the Bureau of Industry and Security of the

Department of Commerce; or

(viii) any additional items determined by the Secretary of

State, in consultation with the Secretary of Commerce, to be

critical to the defense industrial base of the Russian

Federation;

(B) knowingly facilitates deceptive or structured

transactions to provide the goods and services described in

subparagraph (A);

Armed Forces of the Russian Federation;

(D) knowingly engages, directly or indirectly, in

activities that—

(i) materially undermine the military readiness of Ukraine;

(ii) seek to overthrow, dismantle, or subvert the

Government of Ukraine;

(iii) debilitate the critical infrastructure of Ukraine;

(iv) debilitate cybersecurity systems through malicious

electronic attacks or cyberattacks on Ukraine;

(v) undermine the democratic processes of Ukraine;

(vi) undermine the peace, security, political stability, or

territorial integrity of Ukraine; or

(vii) involve committing serious abuses of internationally

recognized human rights against citizens of Ukraine,

including forcible transfers, enforced disappearances, unjust

detainment, forced deportation of children, or torture;

(E) is a leader, official, senior executive officer, or

member of the board of directors of, or principal shareholder

with a controlling or majority interest in, an entity that is

operating in the defense industrial base or energy or

transportation sectors of the economy of the Russian

Federation in support of the Armed Forces of the Russian

Federation;

(F) is an oligarch in the Russian Federation who—

(i) has not demonstrated opposition to the Russian

Federation's war on Ukraine; or

(ii) continues, on or after the date of the enactment of

this Act, to benefit from an association with the Government

of the Russian Federation;

(G) is responsible for or complicit in, or has directly or

indirectly engaged in, for or on behalf of, or for the

benefit of, directly or indirectly, the Government of the

Russian Federation—

(i) transnational crime, corruption, bribery, extortion, or

money laundering;

(ii) assassination, murder, or other unlawful killing of,

or infliction of other bodily harm or other crimes against

humanity against, a United States person or a citizen or

national of an ally or partner of the United States;

(iii) activities that undermine the peace, security,

political stability, or territorial integrity of the United

States or an ally or partner of the United States; or

(iv) deceptive or structured transactions or dealings that

circumvent the application of any sanctions imposed by the

United States, including through the use of digital

currencies or assets or the use of physical assets; or

(H) is a leader, official, senior executive officer, or

member of the board of directors of, or principal shareholder

with a controlling or majority interest in, any of the

following Russian energy projects:

(i) The Yamal Liquefied Natural Gas Project or a successor

project.

(ii) The Arctic 1, 2, and 3 Liquefied Natural Gas Projects

or a successor project.

(iii) Projects in the Arctic region carried out after the

date of the enactment of this Act.

(3) Any foreign vessel the President determines, based on

credible information, is used by the Government of the

Russian Federation or Russian persons to move crude oil,

uranium, natural gas, liquefied natural gas, petroleum,

petroleum products, petrochemical products, coal, coal

products, arms, or other goods for the purpose of

circumventing sanctions imposed by the United States or other

countries, including any vessel the owner, operator, or

manager of which knowingly—

(A) exhibits or engages in unsafe or nonstandard maritime

behavior in furtherance of the transportation of crude oil,

uranium, natural gas, liquefied natural gas, petroleum,

petroleum products, petrochemical products, coal, or coal

products that originated in the Russian Federation;

(B) lacks adequate maritime insurance for the transport of

goods described in subparagraph (A); or

petroleum products that originated in the Russian Federation

established by—

(i) the international coalition made up of Australia,

Canada, the European Union, France, Germany, Italy, Japan,

New Zealand, the United Kingdom, and the United States and

known as the “Price Cap Coalition”; or

(ii) the United States.

(4) Any foreign person that the President determines

knowingly—

(A) owns, operates, or manages a vessel described in

paragraph (3);

(B) provides underwriting services or insurance or

reinsurance necessary for such a vessel;

such a vessel; or

(D) transfers to the Russian Federation, or provides for

the use of by a Russian person, any vessel designed for the

transportation of crude oil, uranium, natural gas, liquefied

natural gas, petroleum, petroleum products, petrochemical

products, coal, or coal products.

(5) Any foreign vessel that the President determines

knowingly—

(A) transports crude oil, uranium, natural gas, liquefied

natural gas, petroleum, petroleum products, petrochemical

products, coal, or coal products that originated in the

Russian Federation;

(B) engages in a ship-to-ship transfer involving crude oil,

uranium, natural gas, liquefied natural gas, petroleum,

petroleum products, petrochemical products, coal, or coal

products that originated in the Russian Federation with a

vessel that is subject to sanctions imposed by the United

States; or

(A) or (B).

(6) Any foreign person that the President determines is the

owner or operator of a foreign port that allows a vessel

subject to sanctions imposed by the United States for

supporting the Russian Federation to port or otherwise

receive services.

(7) Any foreign person, including a foreign person acting

on behalf of a person described in this subsection (in this

paragraph referred to as the “sanctioned person”), if the

sanctioned person transferred property or an interest in

property to the person—

(A) after the date on which the President imposed sanctions

with respect to the sanctioned person; or

(B) before that date, if the sanctioned person did so in an

attempt to evade the imposition of sanctions.

European Union.—In determining under subsection (b)(3) if a

vessel is a foreign vessel used by the Government of the

Russian Federation or Russian persons to move crude oil,

uranium, natural gas, liquefied natural gas, petroleum,

petroleum products, petrochemical products, coal, coal

products, arms, or other goods for the purpose of

circumventing sanctions, the President may use as prima facie

evidence that the vessel is subject to sanctions imposed by

the United Kingdom, the European Union, the Group of 7, or a

member of the Five Eyes intelligence alliance.

(d) Maintenance of Certain Sanctions Relating to Specified

Harmful Foreign Activities.—Sanctions and other measures

provided for under any Executive Order issued to address the

national emergency that the President continued on March 24,

2026, with respect to specified harmful foreign activities of

the Government of the Russian Federation (91 Fed. Reg.

15515), as in effect on the day before the date of the

enactment of this Act, including with respect to all persons

sanctioned under any such Executive Order, shall remain in

effect.

(e) Sanctions Described.—The sanctions described in this

subsection to be imposed with respect to a person described

in subsection (b) are the following:

(1) Blocking of property.—The President shall exercise all

of the powers granted by the International Emergency Economic

Powers Act (50 U.S.C. 1701 et seq.) to block any vessel

described in subsection (b), and block and prohibit all

transactions in all property and interests in property of a

person described in subsection (b), if such property and

interests in property are in the United States, come within

the United States, or are or come within the possession or

control of a United States person.

(2) Ineligibility for visas, admission, or parole.—

(A) Visas, admission, or parole.—An alien described in

subsection (b) shall be—

(i) inadmissible to the United States;

(ii) ineligible to receive a visa or other documentation to

enter the United States; and

(iii) otherwise ineligible to be admitted or paroled into

the United States or to receive any other benefit under the

Immigration and Nationality Act (8 U.S.C. 1101 et seq.).

(B) Current visas revoked.—

(i) In general.—The visa or other entry documentation of

an alien described in subsection (b) shall be revoked,

regardless of when such visa or other entry documentation is

or was issued.

(ii) Immediate effect.—A revocation under clause (i)

shall—

(I) take effect immediately; and

(II) automatically cancel any other valid visa or entry

documentation that is in the possession of the alien.

SEC. 103. IMPOSITION OF SANCTIONS WITH RESPECT TO FINANCIAL

INSTITUTIONS AFFILIATED WITH THE GOVERNMENT OF

THE RUSSIAN FEDERATION.

(a) Imposition of Sanctions.—

(1) In general.—Not later than 30 days after the date of

the enactment of this Act, the President shall—

(A) impose 2 or more of the sanctions described in

subsection (d) with respect to the Central Bank of the

Russian Federation (Bank of Russia) and any subsidiary of, or

successor entity to, that Bank;

(B) impose all of the sanctions described in subsection (d)

with respect to—

(i) Sberbank;

(ii) VTB Bank;

(iii) Gazprombank;

(iv) any other financial institution organized under the

laws of the Russian Federation and owned in whole or in part

by the Government of the Russian Federation;

(v) any subsidiary of, or successor entity to, any of the

financial institutions described in clauses (i) through (iv);

and

(vi) except as provided by subsection (c), any foreign

financial institution that engages in significant

transactions with any of the financial institutions described

in clauses (i) through (v); and

respect to any leaders, officials, senior executive officers,

or members of the board of directors of, or any principal

shareholders with a controlling or majority interest in, a

financial institution described in subparagraph (A) or (B).

(2) Updates.—Not later than 210 days after the date of the

enactment of this Act, and every 180 days thereafter, the

President shall—

(A) review any persons that may be described in paragraph

(1); and

(B) if sanctions have not been imposed under this

subsection with respect to any person the President

determines is described in paragraph (1), impose such

sanctions with respect to that person.

(b) Prohibition on Transactions by United States Persons.—

Effective on the date that is 30 days after the date of the

enactment of this Act, the President shall prohibit any

United States person from engaging in any transaction with a

financial institution described in subsection (a)(1)(B).

President is not required to impose sanctions under

subsection (a)(1)(B) with respect to a foreign financial

institution described in clause (vi) of that subsection if

the Secretary of the Treasury determines that imposing such

sanctions is not consistent with the economic or foreign

policy interests of the United States.

(d) Sanctions Described.—The sanctions described in this

subsection to be imposed with respect to a financial

institution described in subsection (a) are the following:

(1) Blocking of property.—The President shall exercise all

of the powers granted to the President under the

International Emergency Economic Powers Act (50 U.S.C. 1701

et seq.) to the extent necessary to block and prohibit all

transactions in property and interests in property of the

financial institution if such property and interests in

property are in the United States, come within the United

States, or are or come within the possession or control of a

United States person.

(2) CAATSA sanctions.—Two or more of the sanctions

described in section 235 of the Countering America's

Adversaries Through Sanctions Act (22 U.S.C. 9529) that are

not already imposed.

(3) Restrictions on correspondent and payable-through

accounts.—The President shall prohibit the opening, and

prohibit or impose strict conditions on the maintaining, in

the United States, of a correspondent account or payable-

through account by the financial institution.

(e) Rule of Construction.—

(1) Treatment of returns on immobilized russian sovereign

assets.—

(A) In general.—A United States or foreign financial

institution holding immobilized Russian sovereign assets

under the Rebuilding Economic Prosperity and Opportunity for

Ukrainians Act (division F of Public Law 118-50; 22 U.S.C.

9521 note) or any other provision of law is not required to

return any interest earned on those assets and due to the

Russian Federation.

(B) Exception for interest earned.—Subparagraph (A) shall

not be construed as affecting the treatment of interest

earned on the assets of persons the assets of which have been

blocked under any provision of law.

(2) Loans to ukraine using immobilized russian sovereign

assets.—Sanctions imposed under this section shall not apply

with respect to payments on—

(A) the loans provided by the United States and the Group

of 7 or the European Union to Ukraine that are serviced and

repaid with the proceeds of immobilized Russian sovereign

assets; or

(B) any loans from the United States or countries that are

members of the Group of 7 or the European Union made after

the date of the enactment of this Act using proceeds from

immobilized Russian sovereign assets.

SEC. 104. IMPOSITION OF SANCTIONS WITH RESPECT TO OTHER

ENTITIES OWNED OR CONTROLLED BY THE GOVERNMENT

OF THE RUSSIAN FEDERATION.

(a) In General.—Not later than 30 days after the date of

the enactment of this Act, and every 180 days thereafter, the

President shall—

(1) review any entity—

(A) in which the Government of the Russian Federation may

have a controlling or majority ownership interest; or

(B) that may otherwise be affiliated with the Government of

the Russian Federation; and

(2) impose the sanctions described in subsection (b) with

respect to an entity if the President determines that—

(A) the Government of the Russian Federation has a

controlling or majority ownership interest in the entity; or

(B) the entity is otherwise affiliated with the Government

of the Russian Federation.

(b) Sanctions Described.—The President shall exercise all

of the powers granted to the President under the

International Emergency Economic Powers Act (50 U.S.C. 1701

et seq.) to the extent necessary to block and prohibit all

transactions in property and interests in property of an

entity described in subsection (a) if such property and

interests in property are in the United States, come within

the United States, or are or come within the possession or

control of a United States person.

SEC. 105. PROHIBITION ON TRANSFERS OF FUNDS INVOLVING THE

RUSSIAN FEDERATION.

(a) In General.—Except as provided by subsection (b),

effective on the date that is 30 days after the date of the

enactment of this Act, a depository institution (as defined

in section 19(b)(1)(A) of the Federal Reserve Act (12 U.S.C.

461(b)(1)(A))) or a broker or dealer in securities registered

with the Securities and Exchange Commission under the

Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) may

not process transfers of funds—

(1) to or from the Government of the Russian Federation,

including any entity owned by the Government of the Russian

Federation; or

(2) for the direct or indirect benefit of officials of the

Government of the Russian Federation.

(b) Exception.—A depository institution, broker, or dealer

described in subsection (a) may process a transfer described

in that subsection if the transfer arises from, and is

ordinarily incident and necessary to give effect to, an

underlying transaction that is authorized by a specific or

general license.

SEC. 106. PROHIBITION ON LISTING OR TRADING OF RUSSIAN

ENTITIES ON UNITED STATES SECURITIES EXCHANGES.

(a) In General.—Not later than 30 days after the date of

the enactment of this Act, the Securities and Exchange

Commission shall prohibit the securities of an issuer

described in subsection (b) from being traded on a national

securities exchange.

(b) Issuers.—An issuer described in this subsection is an

issuer that is—

(1) an official of or individual affiliated with the

Government of the Russian Federation; or

(2) an entity—

(A) in which the Government of the Russian Federation has a

controlling or majority ownership interest; or

(B) that is otherwise affiliated with the Government of the

Russian Federation.

(1) Issuer; security.—The terms “issuer” and

“security” have the meanings given those terms in section

3(a) of the Securities Exchange Act of 1934 (15 U.S.C.

78c(a)).

(2) National securities exchange.—The term “national

securities exchange” means an exchange registered as a

national securities exchange in accordance with section 6 of

the Securities Exchange Act of 1934 (15 U.S.C. 78f).

SEC. 107. PROHIBITION ON INVESTMENT BY UNITED STATES PERSONS

IN THE RUSSIAN FEDERATION.

Effective on the date that is 30 days after the date of the

enactment of this Act, the following are prohibited:

(1) New investment in the Russian Federation by a United

States person, wherever located.

(2) The exportation, reexportation, sale, or supply,

directly or indirectly, from the United States, or by a

United States person, wherever located, of any category of

services identified by the Secretary of the Treasury, in

consultation with the Secretary of State, to any person

located in the Russian Federation.

(3) Any approval, financing, facilitation, or guarantee by

a United States person, wherever located, of a transaction by

a foreign person if the transaction by that foreign person

would be prohibited by this section if performed by a United

States person or within the United States.

SEC. 108. PROHIBITION ON ENERGY EXPORTS TO, AND INVESTMENT IN

ENERGY SECTOR OF, THE RUSSIAN FEDERATION.

(a) Prohibitions on Investment and Exports.—

(1) In general.—Effective on the date that is 30 days

after the date of the enactment of this Act, the following

are prohibited:

(A) Any new investment in the energy sector of the Russian

Federation by a United States person.

(B) The export, reexport, or in-country transfer to or in

the Russian Federation of any energy or energy product

produced in the United States.

(2) Definitions.—In this subsection, the terms “export”,

“in-country transfer”, and “reexport” have the meanings

given those terms in section 1742 of the Export Control

Reform Act of 2018 (50 U.S.C. 4801).

(b) Sanctions.—The President shall impose the sanctions

described in section 102(e) with

respect to any foreign person that the President determines

knowingly sells, supplies, transfers, markets, or otherwise

provides goods, services, technology, or other support that

facilitates the maintenance or expansion of the production of

oil, uranium, natural gas, liquefied natural gas, petroleum,

petroleum products, petrochemical products, coal, or coal

products for use by any person subject to sanctions under

section 102 or 103.

SEC. 109. PROHIBITION ON PURCHASE OF SOVEREIGN DEBT OF THE

RUSSIAN FEDERATION BY UNITED STATES PERSONS.

Upon the enactment of this Act, the purchase of sovereign

debt of the Government of the Russian Federation by any

United States person (including a United States financial

institution) is prohibited.

SEC. 110. PROHIBITION ON PROVISION OF SERVICES TO SANCTIONED

FINANCIAL INSTITUTIONS BY INTERNATIONAL

FINANCIAL MESSAGING SYSTEMS.

(a) In General.—Not later than 30 days after the date of

the enactment of this Act, and every 180 days thereafter, the

President shall—

(1) review any person that may be described in subsection

(b); and

(2) impose sanctions pursuant to the International

Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) with

respect to any person the President determines is described

in that subsection.

(b) Persons Described.—A person described in this

subsection is—

(1) any entity that—

(A) operates with the intent to predominantly engage in the

business of providing global financial messaging services;

and

(B) is determined by the Secretary of the Treasury, in

consultation with the Secretary of State, as knowingly being

used to circumvent any sanctions imposed under section 103 or

any other provision of this title; or

(2) a leader, official, senior executive officer, or member

of the board of directors of, or principal shareholder with a

controlling or majority interest in, any entity described in

paragraph (1).

sanctions under subsection (a) with respect to an entity

predominantly engaged in the business of providing global

financial messaging services for, directly providing such

services to, or enabling or facilitating direct or indirect

access to such services for, any financial institution

subject to sanctions under section 103 or any other provision

of this title if—

(1) the entity—

(A) is subject to a sanctions regime under its governing

foreign law that requires it to eliminate the knowing

provision of such services to, and the knowing enabling and

facilitation of direct or indirect access to such services

for, foreign financial institutions identified under such

governing foreign law for purposes of that sanctions regime

if the President determines that the sanctions regime under

governing foreign law is not inconsistent with the economic

or foreign policy interests of the United States; and

(B) has, pursuant to that sanctions regime, terminated the

knowing provision of such services to, and the knowing

enabling and facilitation of direct or indirect access to

such services for, foreign financial institutions identified

under such governing foreign law for purposes of that

sanctions regime; or

(2) the entity provides significant financial messaging

services to United States financial institutions, as

determined by the Secretary of the Treasury, in consultation

with the Secretary of State.

(d) Rule of Construction.—Nothing in this section shall be

construed to limit the authority of the President pursuant to

the International Emergency Economic Powers Act (50 U.S.C.

1701 et seq.).

SEC. 111. PROHIBITION ON IMPORTING, AND SANCTIONS WITH

RESPECT TO, URANIUM FROM THE RUSSIAN

FEDERATION.

(a) Implementation of Prohibition on Uranium Imports From

the Russian Federation.—Upon the date of the enactment of

this Act, the President shall take all necessary steps to

implement the requirements of section 3112A(d) of the USEC

Privatization Act (42 U.S.C. 2297h-10a(d)) regarding the

importation of uranium from the Russian Federation, including

the importation of any uranium from Rosatom State Atomic

Energy Corporation or any subsidiary or successor entity.

(b) Sanctions.—Beginning on the date described in section

3112A(d)(2)(C) of the USEC Privatization Act (42 U.S.C.

2297h-10a(d)(2)(C)), and every 180 days thereafter, the

President shall impose sanctions described in section 102(e)

with respect to any leaders, officials, senior executive

officers, or members of the board of directors of, or

principal shareholders with a controlling or majority

interest in, Rosatom State Atomic Energy Corporation or any

subsidiary or successor entity.

SEC. 112. INCREASE IN DUTIES ON GOODS IMPORTED FROM THE

RUSSIAN FEDERATION.

(a) In General.—Not later than 30 days after the date of

the enactment of this Act, the President shall,

notwithstanding any other provision of law, increase the rate

of duty for all goods, including oil, natural gas, liquefied

natural gas, petroleum, petroleum products, petrochemical

products, coal, and coal products, imported into the United

States from the Russian Federation to a rate of up to 500

percent ad valorem.

(b) Duty Rate in Addition to Other Duties, Fees, Taxes,

Exactions, or Charges.—The rate of duty required under

subsection (a) with respect to a good described in that

subsection shall be in addition to any other duty, fee, tax,

exaction, or charge applicable with respect to the good,

including any duty imposed under title VII of the Tariff Act

of 1930 (19 U.S.C. 1671 et seq.), section 122, 201, or 301 of

the Trade Act of 1974 (19 U.S.C. 2132, 2251, and 2411), or

section 232 of the Trade Expansion Act of 1962 (19 U.S.C.

1862).

SEC. 113. DUTIES ON COUNTRIES THAT PURCHASE RUSSIAN-ORIGIN

CRUDE OIL OR NATURAL GAS OR FACILITATE

SANCTIONS EVASION.

(a) In General.—Not later than 30 days after the date of

the enactment of this Act, the President shall,

notwithstanding any other provision of law, increase the rate

of duty for all goods imported into the United States from a

country described in subsection (c) (and only from a country

described in subsection (c)) to a rate of up to 100 percent

ad valorem.

(b) Modification to Rate of Duty.—At any time after the

initial imposition of duties under subsection (a) or (e), the

United States Trade Representative shall modify or adjust any

rate of duty imposed under subsection (a) or (e) to a rate

greater than zero and up to 100 percent ad valorem upon

submitting a written determination to the appropriate

congressional committees that a country described in

subsection (c) has taken significant steps—

(1) to increase the importation, sale, supply, transfer, or

purchase of crude oil or natural gas that originated in the

Russian Federation; or

(2) to decrease or cease engaging in the importation, sale,

supply, transfer, or purchase of such crude oil or natural

gas.

subsection is a foreign country that—

(1)(A) knowingly made new purchases of crude oil or natural

gas that originated in the Russian Federation on a date that

is on or after 30 days after the date of enactment of this

Act; and

(B) was among the 5 largest importers, by total volume, of

crude oil or natural gas that originated in the Russian

Federation during the most recent 12-month period preceding

the date of the enactment of this Act; or

(2) was among the top 5 countries facilitating Russian oil

sanctions evasion during the most recent 12-month period

preceding the date of the enactment of this Act.

(d) Exception.—A duty shall not be imposed under this

section with respect to goods imported from a country

described in subsection (c)(1) for the importation by that

country of natural gas that originated in the Russian

Federation if—

(1) that country's total imports of natural gas that

originated in the Russian Federation during the 12-month

period described in subsection (c)(1)(B) were less than 15

percent of the total annual exports of natural gas from the

Russian Federation during that period; and

(2) that country has taken significant steps to reduce its

imports of natural gas that originated in the Russian

Federation.

(e) Subsequent Determinations.—Not later than 180 days

after the initial imposition of duties under subsection (a),

and every 180 days thereafter, the United States Trade

Representative, in consultation with the Secretary of State

and the Secretary of Energy, shall—

(1) determine, based on the most recent 12-month period

preceding the determination, the countries that are—

(A) the 5 largest importers of crude oil, by total volume,

originating in the Russian Federation; and

(B) the 5 largest importers of natural gas, by total

volume, originating in the Russian Federation; and

(2) impose duties pursuant to subsection (a) with respect

to goods imported from those countries.

(f) Duty Rate in Addition to Other Duties, Fees, Taxes,

Exactions, or Charges.—A rate of duty imposed under this

section with respect to a good imported from a country

described in subsection (c) shall be in addition to any other

duty, fee, tax, exaction, or charge applicable with respect

to the good, including any duty imposed under title VII of

the Tariff Act of 1930 (19 U.S.C. 1671 et seq.), section 122,

201, or 301 of the Trade Act of 1974 (19 U.S.C. 2132, 2251,

and 2411), or section 232 of the Trade Expansion Act of 1962

(19 U.S.C. 1862).

(g) Methodology, Documentation, and Reports.—

(1) Reports required.—Not later than 10 days before

imposing a duty under subsection (a) or (e), or modifying or

adjusting the rate of such a duty under subsection (b), the

President or the United States Trade Representative shall

submit to the appropriate congressional committees a written

justification for the duty that—

(A) provides a substantive rationale for the determination

of the rate of duty imposed under subsection (a) or (e) or

the modification or adjustment made pursuant to subsection

(b), as the case may be; and

(B) details the methodology used to determine that the

country subject to the duty is a country described in

subsection (c).

(2) Determinations of imports of crude oil and natural

gas.—For the purposes of determining whether a country is an

importer of crude oil or natural gas described in subsection

(c)(1)—

(A) crude oil is the substance described in Harmonized

System code 2709; and

(B) natural gas is the substance described in Harmonized

System code 2711.

(h) Rule of Construction.—Notwithstanding section 115,

nothing in this Act shall be construed to authorize the

imposition of duties with respect to goods imported from any

country not expressly described in subsection (c) or the

Russian Federation.

(i) Definitions.—In this section:

(1) Appropriate congressional committees.—The term

“appropriate congressional committees” means—

(A) the Committee on Finance, the Committee on Foreign

Relations, and the Committee on Banking, Housing, and Urban

Affairs of the Senate; and

(B) the Committee on Ways and Means, the Committee on

Foreign Affairs, and the Committee on Financial Services of

the House of Representatives.

(2) Countries facilitating russian oil sanctions evasion.—

The term “countries facilitating Russian oil sanctions

evasion” means countries in which foreign persons are

located or are operating, or under the laws of which foreign

persons are organized, if such foreign persons are knowingly

engaging in transactions, activities, or services that

circumvent, or assist any third party to circumvent, any

sanction related to oil that originated in the Russian

Federation, including by—

(A) providing significant financial or other support for

the purchase, loading, or shipment of oil that originated in

the Russian Federation and is subject to sanctions; and

(B) engaging in any transaction, activity, or service

related to a shadow fleet vessel that transported, is

transporting, or is attempting to transport oil that

originated in the Russian Federation and is subject to

sanctions.

(3) Natural gas.—Except as provided by subsection (g)(2),

the term “natural gas” means natural gas, whether unmixed

or any mixture of natural and artificial gas, including

liquefied natural gas.

SEC. 114. EXCEPTIONS.

(a) Exception for Humanitarian Assistance.—

(1) In general.—Sanctions and other measures under this

title shall not apply to—

(A) the conduct or facilitation of a transaction for the

provision of agricultural commodities, food, medicine,

medical devices, humanitarian assistance, or for humanitarian

purposes; or

(B) transactions that are necessary for, or related to, the

activities described in subparagraph (A).

(2) Rule of interpretation.—This subsection should be

interpreted to apply to an entity carrying out any

internationally recognized agreement with the Government of

Ukraine for the sale or provision of agricultural

commodities, food, medicine, or medical devices to and from

Ukraine unless the President determines that the agreement is

being used to evade sanctions imposed by the United States,

the United Kingdom, the European Union, or the Group of 7.

(3) Definitions.—In this subsection:

(A) Agricultural commodity.—The term “agricultural

commodity” has the meaning given such term in section 102 of

the Agricultural Trade Act of 1978 (7 U.S.C. 5602).

(B) Medical device.—The term “medical device” has the

meaning given the term “device” in section 201 of the

Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321).

the term “drug” in section 201 of the Federal Food, Drug,

and Cosmetic Act (21 U.S.C. 321).

(b) Exception for Intelligence and Law Enforcement

Activities.—This title shall not apply with respect to

activities subject to the reporting requirements under title

V of the National Security Act of 1947 (50 U.S.C. 3091 et

seq.) or to carry out or assist any authorized intelligence

or law enforcement activities of the United States.

Sanctions under this title shall not apply to the admission

or parole of an alien into the United States if such

admission or parole is necessary to comply with United States

obligations under the Agreement between the United Nations

and the United States of America regarding the Headquarters

of the United Nations, signed at Lake Success June 26, 1947,

and entered into force November 21, 1947, or under the

Convention on Consular Relations, done at Vienna April 24,

1963, and entered into force March 19, 1967, or other

international obligations.

(d) Exception To Comply With Civilian Nuclear Cooperation

Agreements.—This title shall not apply to activities carried

out under an agreement for cooperation between the United

States and the Russian Federation entered into under section

123 of the Atomic Energy Act of 1954 (42 U.S.C. 2153).

(e) Exception for Certain Imports of Low-enriched Uranium

for Nuclear Reactors.—This title shall not apply with

respect to imports into the United States of low-enriched

uranium described in paragraph (1) of section 3112A(d) of the

USEC Privatization Act (42 U.S.C. 2297h-10a(d)) or medical

isotopes for which a waiver has been issued under paragraph

(2) of that section.

(f) Exception for Official Government Business.—This title

shall not apply to transactions for the conduct of official

business of the United States Government (including

transactions necessary for the operation of the United States

embassy or United States consulates in the Russian

Federation) or the United Nations (including its specialized

agencies, programs, funds, and related organizations) by

employees, grantees, or contractors thereof.

(g) Exception for Non-Russian Oil That Transits Russian

Territory.—This title shall not apply to oil originating in

a country other than the Russian Federation that transits the

territory of the Russian Federation, or to any entity that

transports such oil, for export to international markets.

(h) General Licenses.—

(1) In general.—This title shall not apply with respect to

a United States person that is operating under the terms of a

general license issued by the Department of the Treasury

before the date of the enactment of this Act.

(2) Rule of construction.—Nothing in this title shall be

construed to affect the terms of a general license described

in paragraph (1), the authority of United States persons to

continue to operate under such a license, or the authority of

the Secretary of the Treasury to extend or issue new general

licenses.

(i) Exception for Winddown Operations.—During the 270-day

period beginning on the date of the enactment of this Act,

sanctions under this title shall not apply with respect to—

(1) an activity related to the winddown or divestiture of

operations in the Russian Federation by an entity located in

the Russian Federation that is not owned or controlled,

directly or indirectly, by a Russian person; or

(2) an entity located in the Russian Federation that is

owned or controlled, directly or indirectly, by a United

States person if that United States person is engaged in good

faith efforts to winddown or divest operations in the Russian

Federation, including providing ongoing operational support

to wind down or divest operations.

(j) Exception for Safety of Vessels and Crew.—Sanctions

under this title shall not apply with respect to a person

providing provisions to a vessel otherwise subject to

sanctions under this title if such provisions are intended—

(1) for the safety and care of the crew aboard the vessel;

(2) for the protection of human life aboard the vessel; or

(3) to avoid any environmental or other significant damage.

(k) Exception Relating to Activities of the National

Aeronautics and Space Administration.—

(1) In general.—This title shall not apply with respect to

activities of the National Aeronautics and Space

Administration.

(2) Rule of construction.—Nothing in this title shall be

construed to authorize the imposition of any sanction or

other condition, limitation, restriction, prohibition, or

other measure, that directly or indirectly impedes the supply

by any entity of the Russian Federation of any product or

service, or the procurement of such product or service by any

contractor or subcontractor of the United States or any other

entity, relating to or in connection with any space launch

conducted for—

(A) the National Aeronautics and Space Administration; or

(B) any other non-Department of Defense customer.

SEC. 115. WAIVER.

(a) In General.—The President may, subject to subsection

(b), waive the application of any sanctions provision with

respect to a foreign person, any restriction with respect to

a person, or any duty under this title.

(b) Reports Required.—

(1) In general.—Before issuing a waiver under subsection

(a), the President shall submit to Congress—

(A) a certification in writing that the issuance of the

waiver is in the national interests of the United States; and

(B) a report explaining the basis for the certification.

(2) Consolidation of reports.—If the President is issuing

more than one waiver of a section of this title, the

President may include, in one report submitted under

paragraph (1), the certifications and explanations required

by that paragraph with respect to each such waiver, as long

as all of such certifications and explanations relate to a

waiver of the same section of this title.

(3) Form of report.—Each report required by paragraph (1)

shall be submitted in unclassified form but may include a

classified annex.

(4) Applicability to modifications of certain duty rates.—

The President is not required to submit a report under

paragraph (1) for a modification or adjustment of a rate of

duty pursuant to section 113(b). This paragraph does not

modify or negate the requirement to submit a written

determination required by section 113(b) or a report required

by section 113(g)(1).

SEC. 116. SANCTIONS IMPLEMENTATION AND PENALTIES.

(a) Implementation.—The President may exercise all

authorities provided under sections 203 and 205 of the

International Emergency Economic Powers Act (50 U.S.C. 1702

and 1704) to carry out sections 102 through 111.

(b) Penalties.—The penalties provided for in subsections

(b) and (c) of section 206 of the International Emergency

Economic Powers Act (50 U.S.C. 1705) shall apply to any

person that violates, attempts to violate, conspires to

violate, or causes a violation of any prohibition under any

of sections 102 through 111, or an order or regulation

prescribed under any of such sections, to the same extent

that such penalties apply to a person that commits an

unlawful act described in subsection (a) of that section.

SEC. 117. TERMINATION.

(a) In General.—Subject to subsection (b), the President

may terminate the application of any sanction with respect to

a foreign person, any restriction with respect to a person,

or any duty under this title, if the President submits to

Congress a report—

(1) certifying in writing that—

(A) in the case of the termination of the application of a

sanction, restriction, or duty with respect to a Russian

person or the Russian Federation, the Russian Federation

has—

(i) signed a peace agreement that is accepted by the free

and independent Government of Ukraine; and

(ii) ceased all military hostilities against and any

activities to overthrow, dismantle, and subvert the

Government of Ukraine; or

(B) in the case of the termination of the application of a

sanction, restriction, or duty with respect to any foreign

person or foreign country (other than a Russian person or the

Russian Federation)—

(i) the foreign person or the government of the foreign

country, as the case may be, is not engaging in the activity

that was the basis for the sanctions or other measures being

terminated; and

(ii) the President has received reliable assurances that

the foreign person or the government of the foreign country,

as the case may be, will not knowingly engage in activity

subject to sanctions or other measures under this title in

the future; and

(2) that includes, in the case of a report not relating to

the termination of a duty under section 112 or 113, a

determination of whether the termination is intended to

significantly alter United States foreign policy with regard

to the Russian Federation.

(b) Period for Review by Congress.—

(1) In general.—During the period of 30 calendar days

beginning on the date on which the President submits a report

under subsection (a) with respect to the termination of the

application of a sanction, restriction, or duty under this

title, the termination shall not take effect. If, after the

end of that period, a joint resolution of disapproval with

respect to the termination has not been enacted into law

under subsection (c), the termination may take effect.

(2) Consideration by congress.—During the period described

in paragraph (1), the appropriate committee of the Senate and

the appropriate committee of the House of Representatives

should, as appropriate, hold hearings and briefings and

otherwise obtain information in order to fully review the

report.

(3) Exception.—The period for congressional review under

paragraph (1) of a report required to be submitted under

subsection (a) shall be 60 calendar days if the report is

submitted on or after July 10 and on or before September 7 in

any calendar year.

(1) Joint resolution of disapproval defined.—In this

subsection, the term “joint resolution of disapproval”

means only a joint resolution of either House of Congress the

sole matter after the resolving clause of which is as

follows: “That Congress disapproves of the termination of

the application of section __ of the Lindsey O. Graham

Sanctioning Russia and Iran Act of 2026, with respect to

which the President submitted a report on .”, with the

first blank space being filled with the appropriate section

number and the second blank space being filled with the

appropriate date.

(2) Introduction.—During the period of 30 calendar days

provided for under subsection (b)(1), including any

additional period as applicable under the exception provided

in subsection (b)(3), a joint resolution of disapproval may

be introduced—

(A) in the House of Representatives, by the majority leader

or the minority leader; and

(B) in the Senate, by the majority leader (or a designee of

the majority leader) or the minority leader (or a designee of

the minority leader).

(3) Consideration in house of representatives.—

(A) Reporting and discharge.—Any committee of the House of

Representatives to which a joint resolution of disapproval is

referred shall report it to the House of Representatives

without amendment not later than 10 calendar days after the

date of referral. If a committee fails to report the joint

resolution within that period, the committee shall be

discharged from further consideration of the joint resolution

and the joint resolution shall be referred to the appropriate

calendar.

(B) Proceeding to consideration.—After each committee

authorized to consider a joint resolution of disapproval

reports it to the House of Representatives or has been

discharged from its consideration, it shall be in order to

move to proceed to consider the joint resolution of

disapproval in the House of Representatives. All points of

order against the motion are waived. The previous question

shall be considered as ordered on the motion to its adoption

without intervening motion. The motion shall not be

debatable. A motion to reconsider the vote by which the

motion is disposed of shall not be in order.

shall be considered as read. All points of order against the

joint resolution of disapproval and against its consideration

are waived. The previous question shall be considered as

ordered on the joint resolution of disapproval to its passage

without intervening motion except 2 hours of debate equally

divided and controlled by the proponent and an opponent. A

motion to reconsider the vote on passage of the joint

resolution of disapproval shall not be in order.

(4) Consideration in the senate.—

(A) Committee referral.—A joint resolution of disapproval

introduced in the Senate shall be referred to the appropriate

committee of the Senate.

(B) Reporting and discharge.—If the appropriate committee

of the Senate has not reported the joint resolution within 10

calendar days after the date of referral of the joint

resolution, that committee shall be discharged from further

consideration of the joint resolution and the joint

resolution shall be placed on the appropriate calendar.

of the Standing Rules of the Senate, it is in order at any

time after the appropriate committee of the Senate reports a

joint resolution of disapproval to the Senate or has been

discharged from consideration of such a joint resolution to

move to proceed to the consideration of the joint resolution,

and all points of order against the joint resolution (and

against consideration of the joint resolution) are waived.

The motion to proceed is not debatable. The motion is not

subject to a motion to postpone. A motion to reconsider the

vote by which the motion is agreed to or disagreed to shall

not be in order. Approval by the Senate of a motion to

proceed to a joint resolution of disapproval shall require

the affirmative vote of three-fifths of Members of the

Senate, duly chosen and sworn.

(D) Consideration.—Consideration in the Senate of a joint

resolution of disapproval and of all debatable motions and

appeals in connection therewith shall not exceed a total of

10 hours, which shall be divided equally between the majority

and minority leaders or their designees. Any debatable motion

or appeal is debatable for not to exceed 1 hour, to be

divided equally between those favoring and those opposing the

motion or appeal.

(E) No amendments or motions.—An amendment to a joint

resolution of disapproval, a motion to postpone, a motion to

proceed to the consideration of other business, or a motion

to recommit the joint resolution is not in order.

(F) Vote on joint resolution.—If the Senate has voted to

proceed to a joint resolution of disapproval, the vote on

approval of the joint resolution shall occur immediately

following the conclusion of consideration of the joint

resolution, and a single quorum call if requested. Approval

by the Senate of a joint resolution of disapproval shall

require the affirmative vote of three-fifths of Members of

the Senate, duly chosen and sworn.

(G) Consideration of veto messages.—Consideration in the

Senate of any veto message with respect to a joint resolution

of disapproval, including all debatable motions and appeals

in connection with the joint resolution, shall be limited to

10 hours, to be equally divided between, and controlled by,

the majority leader and the minority leader or their

designees.

(5) Treatment of house joint resolution in senate.—

(A) If, before the passage by the Senate of a joint

resolution of disapproval, the Senate receives an identical

joint resolution from the House of Representatives, the

following procedures shall apply:

(i) That joint resolution shall not be referred to a

committee.

(ii) With respect to that joint resolution—

(I) the procedure in the Senate shall be the same as if no

joint resolution had been received from the House of

Representatives; but

(II) the vote on passage shall be on the joint resolution

from the House of Representatives.

(B) If the Senate passes a joint resolution of disapproval

before receiving a joint resolution of disapproval from the

House of Representatives, the joint resolution passed by the

Senate shall be held at the desk pending receipt of the joint

resolution from the House of Representatives. Upon receipt of

a joint resolution from the House of Representatives that is

identical to the joint resolution passed by the Senate, the

Senate shall proceed to its immediate consideration and the

joint resolution shall be considered read a third time and

passed and the motion to reconsider be considered made and

laid upon the table with no intervening action or debate.

the House, and no companion joint resolution has been

introduced in the Senate, the Senate procedures under this

subsection shall apply to the House joint resolution.

(6) Rules of house of representatives and senate.—This

subsection is enacted by Congress—

(A) as an exercise of the rulemaking power of the Senate

and the House of Representatives, respectively, and as such

is deemed a part of the rules of each House, respectively,

and supersedes other rules only to the extent that it is

inconsistent with such rules; and

(B) with full recognition of the constitutional right of

either House to change the rules (so far as relating to the

procedure of that House) at any time, in the same manner, and

to the same extent as in the case of any other rule of that

House.

(7) Definitions.—In this subsection:

(A) Appropriate committee of the house of

representatives.—The term “appropriate committee of the

House of Representatives” means—

(i) with respect to the termination of a duty under section

112 or 113, the Committee on Ways and Means of the House of

Representatives;

(ii) with respect to the termination of any sanction or

restriction under any of sections 102 through 111 that is

intended to significantly alter United States foreign policy

with regard to the Russian Federation, the Committee on

Foreign Affairs of the House of Representatives; or

(iii) with respect to the termination of any sanction or

restriction under any of sections 102 through 111 that is not

intended to significantly alter United States foreign policy

with regard to the Russian Federation, the Committee on

Financial Services of the House of Representatives.

(B) Appropriate committee of the senate.—The term

“appropriate committee of the Senate” means—

(i) with respect to the termination of a duty under section

112 or 113, the Committee on Finance of the Senate;

(ii) with respect to the termination of any sanction or

restriction under any of sections 102 through 111 that is

intended to significantly alter United States foreign policy

with regard to the Russian Federation, the Committee on

Foreign Relations of the Senate; or

(iii) with respect to the termination of any sanction or

restriction under any of sections 102 through 111 that is not

intended to significantly alter United States foreign policy

with regard to the Russian Federation, the Committee on

Banking, Housing, and Urban Affairs of the Senate.

TITLE II—OTHER MATTERS

SEC. 201. EXTENSION OF THE IRAN SANCTIONS ACT OF 1996.

Section 13(b) of the Iran Sanctions Act of 1996 (Public Law

104-172; 50 U.S.C. 1701 note) is amended by striking “2026”

and inserting “2031”.

SEC. 202. SEVERABILITY.

If any provision of this division, or the application of

any such provision to any person or circumstance, is held to

be unconstitutional, the remainder of the provisions of this

division, and the application of those provisions to any

other person or circumstance, shall not be affected.

SEC. 203. SUNSET.

This division (other than section 201) shall terminate on

the date that is 5 years after the date of the enactment of

this Act.

DIVISION B—SUPPORTING EARLY-CHILDHOOD EDUCATORS' DEDUCTIONS

SA 6712. Mrs. BRITT (for Ms. Graham (for herself and Mr. Blumenthal)) submitted an amendment intended to be proposed by Mrs. Britt to the bill H.R. 5334, to amend the Internal Revenue Code of 1986 to allow early childhood educators to take the educator expense deduction, and for other purposes; which was ordered to lie on the table; as follows:

Amend the title so as to read: “An Act to impose sanctions

and other measures with respect to the Russian Federation, as

championed by the late Senator Lindsey O. Graham, and for

other purposes.”.

SA 6713. Ms. HIRONO submitted an amendment intended to be proposed by her to the bill H.R. 5334, to amend the Internal Revenue Code of 1986 to allow early childhood educators to take the educator expense deduction, and for other purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. . PROHIBITION ON PREDICTION MARKET PARTICIPATION BY

CERTAIN EXECUTIVE BRANCH INDIVIDUALS.

(a) Definitions.—In this section:

(1) Cabinet official.—The term “Cabinet official”

means—

(A) an individual serving in a position at level I of the

Executive Schedule under section 5312 of title 5, United

States Code; and

(B) any other individual who occupies a position designated

by the President as a Cabinet-level position.

(2) Covered individual.—

(A) In general.—The term “covered individual” means—

(i) the President;

(ii) the Vice President;

(iii) any Cabinet official; and

(iv) any immediate family member of an individual described

in clause (i), (ii), or (iii).

(B) Immediate family member.—For purposes of subparagraph

(A), the term “immediate family member” means a spouse, a

parent, or a child of an individual described in clause (i),

(ii), or (iii) of that subparagraph.

(b) Prohibition.—No covered individual may enter into, or

offer to enter into, an agreement, contract, swap, or

transaction that provides for any purchase, sale, payment, or

delivery of an excluded commodity, as defined in section 1a

of the Commodity Exchange Act (7 U.S.C. 1a), that is

dependent on the occurrence, nonoccurrence, or the extent of

the occurrence of a specific event or contingency.

(1) In general.—The Attorney General, or the attorney

general of any State, may bring a civil action seeking relief

for a violation of subsection (b) in an appropriate district

court of the United States.

(2) Penalties.—Any covered individual who violates

subsection (b) shall be liable to the United States for—

(A) a civil penalty that does not exceed $50,000 per

violation;

(B) disgorgement of any profit from the violation to the

Treasury of the United States; or

(d) Rule of Construction.—Nothing in this section shall be

construed to apply to insurance for which the insured holds a

lawful insurable interest.

SA 6714. Ms. CANTWELL submitted an amendment intended to be proposed to amendment SA 6711 submitted by Mrs. Britt (for Ms. Graham (for herself and Mr. Blumenthal)) and intended to be proposed to the bill H.R. 5334, to amend the Internal Revenue Code of 1986 to allow early childhood educators to take the educator expense deduction, and for other purposes; which was ordered to lie on the table; as follows:

In section 113, insert after subsection (e) the following:

(f) Review of Imposition of Duties.—

(1) Notification requirement.—Not later than 48 hours

after imposing or increasing a duty with respect to an

article imported into the United States under this section,

the President shall submit to Congress a notification of the

imposition of or increase in the duty that includes—

(A) an explanation of the reasoning for imposing or

increasing the duty; and

(B) an assessment of the potential impact of imposing or

increasing the duty on United States businesses and

consumers.

(2) Expiration of duties; extension by congress.—Any duty

imposed or increased under this section shall remain in

effect for a period of not more than 60 days, unless there is

enacted into law a joint resolution of approval with respect

to the duty under paragraph (4).

(3) Disapproval by congress.—If a joint resolution of

disapproval with respect to a duty imposed or increased under

this section is enacted into law under paragraph (4), the

duty shall cease to have force or effect.

(4) Joint resolutions.—

(A) Definitions.—In this subsection:

(i) Joint resolution of approval.—The term “joint

resolution of approval” means a joint resolution the sole

matter after the resolving clause of which is as follows:

“That Congress approves the duty imposed or increased under

section 113 of the Lindsey O. Graham Sanctioning Russia Act

of 2026 with respect to , notice of which was submitted to

Congress on .”, with the first blank space being

filled with a description of the article and the second blank

space being filled with the date of the notification under

paragraph (1).

(ii) Joint resolution of disapproval.—The term “joint

resolution of disapproval” means a joint resolution the sole

matter after the resolving clause of which is as follows:

“That Congress disapproves the duty imposed or increased

under section 113 of the Lindsey O. Graham Sanctioning Russia

Act of 2026 with respect to , notice of which was

submitted to Congress on .”, with the first blank

space being filled with a description of the article and the

second blank space being filled with the date of the

notification under paragraph (1).

(B) Introduction.—

(i) Joint resolution of approval.—A joint resolution of

approval may be introduced in either House of Congress by any

Member during the 60-day period described in paragraph (2).

(ii) Joint resolution of disapproval.—A joint resolution

of disapproval may be introduced in either House of Congress

by any Member at any time after the submission of a

notification under paragraph (1).

(b) through (f) of section 152 (19 U.S.C. 2192) apply to a

joint resolution of approval or joint resolution of

disapproval to the same extent that such subsections apply to

joint resolutions under section 152.

(D) Rules of the senate and the house of representatives.—

This paragraph is enacted by Congress—

(i) as an exercise of the rulemaking power of the Senate

and the House of Representatives, respectively, and as such

is deemed a part of the rules of each House, respectively,

but applicable only with respect to the procedure to be

followed in that House in the case of a joint resolution of

approval, and supersedes other rules only to the extent that

it is inconsistent with such rules; and

(ii) with full recognition of the constitutional right of

either House to change the rules (so far as relating to the

procedure of that House) at any time, in the same manner, and

to the same extent as in the case of any other rule of that

House.

SA 6715. Mr. PAUL (for himself, Mr. Wyden, Ms. Cantwell, Ms. Hirono, Mr. Warnock, Mr. Schiff, Mr. Padilla, Mr. Kim, and Mrs. Murray) submitted an amendment intended to be proposed to amendment SA 6711 submitted by Mrs. Britt (for Ms. Graham (for herself and Mr. Blumenthal)) and intended to be proposed to the bill H.R. 5334, to amend the Internal Revenue Code of 1986 to allow early childhood educators

to take the educator expense deduction, and for other purposes; which was ordered to lie on the table; as follows:

Strike sections 113 through 117 of the amendment and

insert the following:

SEC. 113. EXCEPTIONS.

(a) Exception for Humanitarian Assistance.—

(1) In general.—Sanctions and other measures under this

title shall not apply to—

(A) the conduct or facilitation of a transaction for the

provision of agricultural commodities, food, medicine,

medical devices, humanitarian assistance, or for humanitarian

purposes; or

(B) transactions that are necessary for, or related to, the

activities described in subparagraph (A).

(2) Rule of interpretation.—This subsection should be

interpreted to apply to an entity carrying out any

internationally recognized agreement with the Government of

Ukraine for the sale or provision of agricultural

commodities, food, medicine, or medical devices to and from

Ukraine unless the President determines that the agreement is

being used to evade sanctions imposed by the United States,

the United Kingdom, the European Union, or the Group of 7.

(3) Definitions.—In this subsection:

(A) Agricultural commodity.—The term “agricultural

commodity” has the meaning given such term in section 102 of

the Agricultural Trade Act of 1978 (7 U.S.C. 5602).

(B) Medical device.—The term “medical device” has the

meaning given the term “device” in section 201 of the

Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321).

the term “drug” in section 201 of the Federal Food, Drug,

and Cosmetic Act (21 U.S.C. 321).

(b) Exception for Intelligence and Law Enforcement

Activities.—This title shall not apply with respect to

activities subject to the reporting requirements under title

V of the National Security Act of 1947 (50 U.S.C. 3091 et

seq.) or to carry out or assist any authorized intelligence

or law enforcement activities of the United States.

Sanctions under this title shall not apply to the admission

or parole of an alien into the United States if such

admission or parole is necessary to comply with United States

obligations under the Agreement between the United Nations

and the United States of America regarding the Headquarters

of the United Nations, signed at Lake Success June 26, 1947,

and entered into force November 21, 1947, or under the

Convention on Consular Relations, done at Vienna April 24,

1963, and entered into force March 19, 1967, or other

international obligations.

(d) Exception To Comply With Civilian Nuclear Cooperation

Agreements.—This title shall not apply to activities carried

out under an agreement for cooperation between the United

States and the Russian Federation entered into under section

123 of the Atomic Energy Act of 1954 (42 U.S.C. 2153).

(e) Exception for Certain Imports of Low-Enriched Uranium

for Nuclear Reactors.—This title shall not apply with

respect to imports into the United States of low-enriched

uranium described in paragraph (1) of section 3112A(d) of the

USEC Privatization Act (42 U.S.C. 2297h-10a(d)) or medical

isotopes for which a waiver has been issued under paragraph

(2) of that section.

(f) Exception for Official Government Business.—This title

shall not apply to transactions for the conduct of official

business of the United States Government (including

transactions necessary for the operation of the United States

embassy or United States consulates in the Russian

Federation) or the United Nations (including its specialized

agencies, programs, funds, and related organizations) by

employees, grantees, or contractors thereof.

(g) Exception for Non-Russian Oil That Transits Russian

Territory.—This title shall not apply to oil originating in

a country other than the Russian Federation that transits the

territory of the Russian Federation, or to any entity that

transports such oil, for export to international markets.

(h) General Licenses.—

(1) In general.—This title shall not apply with respect to

a United States person that is operating under the terms of a

general license issued by the Department of the Treasury

before the date of the enactment of this Act.

(2) Rule of construction.—Nothing in this title shall be

construed to affect the terms of a general license described

in paragraph (1), the authority of United States persons to

continue to operate under such a license, or the authority of

the Secretary of the Treasury to extend or issue new general

licenses.

(i) Exception for Winddown Operations.—During the 270-day

period beginning on the date of the enactment of this Act,

sanctions under this title shall not apply with respect to—

(1) an activity related to the winddown or divestiture of

operations in the Russian Federation by an entity located in

the Russian Federation that is not owned or controlled,

directly or indirectly, by a Russian person; or

(2) an entity located in the Russian Federation that is

owned or controlled, directly or indirectly, by a United

States person if that United States person is engaged in good

faith efforts to winddown or divest operations in the Russian

Federation, including providing ongoing operational support

to wind down or divest operations.

(j) Exception for Safety of Vessels and Crew.—Sanctions

under this title shall not apply with respect to a person

providing provisions to a vessel otherwise subject to

sanctions under this title if such provisions are intended—

(1) for the safety and care of the crew aboard the vessel;

(2) for the protection of human life aboard the vessel; or

(3) to avoid any environmental or other significant damage.

(k) Exception Relating to Activities of the National

Aeronautics and Space Administration.—

(1) In general.—This title shall not apply with respect to

activities of the National Aeronautics and Space

Administration.

(2) Rule of construction.—Nothing in this title shall be

construed to authorize the imposition of any sanction or

other condition, limitation, restriction, prohibition, or

other measure, that directly or indirectly impedes the supply

by any entity of the Russian Federation of any product or

service, or the procurement of such product or service by any

contractor or subcontractor of the United States or any other

entity, relating to or in connection with any space launch

conducted for—

(A) the National Aeronautics and Space Administration; or

(B) any other non-Department of Defense customer.

SEC. 114. WAIVER.

(a) In General.—The President may, subject to subsection

(b), waive the application of any sanctions provision with

respect to a foreign person, any restriction with respect to

a person, or any duty under this title.

(b) Reports Required.—

(1) In general.—Before issuing a waiver under subsection

(a), the President shall submit to Congress—

(A) a certification in writing that the issuance of the

waiver is in the national interests of the United States; and

(B) a report explaining the basis for the certification.

(2) Consolidation of reports.—If the President is issuing

more than one waiver of a section of this title, the

President may include, in one report submitted under

paragraph (1), the certifications and explanations required

by that paragraph with respect to each such waiver, as long

as all of such certifications and explanations relate to a

waiver of the same section of this title.

(3) Form of report.—Each report required by paragraph (1)

shall be submitted in unclassified form but may include a

classified annex.

SEC. 115. SANCTIONS IMPLEMENTATION AND PENALTIES.

(a) Implementation.—The President may exercise all

authorities provided under sections 203 and 205 of the

International Emergency Economic Powers Act (50 U.S.C. 1702

and 1704) to carry out sections 102 through 111.

(b) Penalties.—The penalties provided for in subsections

(b) and (c) of section 206 of the International Emergency

Economic Powers Act (50 U.S.C. 1705) shall apply to any

person that violates, attempts to violate, conspires to

violate, or causes a violation of any prohibition under any

of sections 102 through 111, or an order or regulation

prescribed under any of such sections, to the same extent

that such penalties apply to a person that commits an

unlawful act described in subsection (a) of that section.

SEC. 116. TERMINATION.

(a) In General.—Subject to subsection (b), the President

may terminate the application of any sanction with respect to

a foreign person, any restriction with respect to a person,

or any duty under this title, if the President submits to

Congress a report—

(1) certifying in writing that—

(A) in the case of the termination of the application of a

sanction, restriction, or duty with respect to a Russian

person or the Russian Federation, the Russian Federation

has—

(i) signed a peace agreement that is accepted by the free

and independent Government of Ukraine; and

(ii) ceased all military hostilities against and any

activities to overthrow, dismantle, and subvert the

Government of Ukraine; or

(B) in the case of the termination of the application of a

sanction or restriction with respect to any foreign person or

foreign country (other than a Russian person or the Russian

Federation)—

(i) the foreign person or the government of the foreign

country, as the case may be, is not engaging in the activity

that was the basis for the sanctions or other measures being

terminated; and

(ii) the President has received reliable assurances that

the foreign person or the government of the foreign country,

as the case may be, will not knowingly engage in activity

subject to sanctions or other measures under this title in

the future; and

(2) that includes, in the case of a report not relating to

the termination of a duty under section 112, a determination

of whether the termination is intended to significantly alter

United States foreign policy with regard to the Russian

Federation.

(b) Period for Review by Congress.—

(1) In general.—During the period of 30 calendar days

beginning on the date on which the President submits a report

under subsection (a) with respect to the termination of the

application of a sanction, restriction, or duty under this

title, the termination shall not take effect. If, after the

end

of that period, a joint resolution of disapproval with

respect to the termination has not been enacted into law

under subsection (c), the termination may take effect.

(2) Consideration by congress.—During the period described

in paragraph (1), the appropriate committee of the Senate and

the appropriate committee of the House of Representatives

should, as appropriate, hold hearings and briefings and

otherwise obtain information in order to fully review the

report.

(3) Exception.—The period for congressional review under

paragraph (1) of a report required to be submitted under

subsection (a) shall be 60 calendar days if the report is

submitted on or after July 10 and on or before September 7 in

any calendar year.

(1) Joint resolution of disapproval defined.—In this

subsection, the term “joint resolution of disapproval”

means only a joint resolution of either House of Congress the

sole matter after the resolving clause of which is as

follows: “That Congress disapproves of the termination of

the application of section __ of the Lindsey O. Graham

Sanctioning Russia and Iran Act of 2026, with respect to

which the President submitted a report on .”, with the

first blank space being filled with the appropriate section

number and the second blank space being filled with the

appropriate date.

(2) Introduction.—During the period of 30 calendar days

provided for under subsection (b)(1), including any

additional period as applicable under the exception provided

in subsection (b)(3), a joint resolution of disapproval may

be introduced—

(A) in the House of Representatives, by the majority leader

or the minority leader; and

(B) in the Senate, by the majority leader (or a designee of

the majority leader) or the minority leader (or a designee of

the minority leader).

(3) Consideration in house of representatives.—

(A) Reporting and discharge.—Any committee of the House of

Representatives to which a joint resolution of disapproval is

referred shall report it to the House of Representatives

without amendment not later than 10 calendar days after the

date of referral. If a committee fails to report the joint

resolution within that period, the committee shall be

discharged from further consideration of the joint resolution

and the joint resolution shall be referred to the appropriate

calendar.

(B) Proceeding to consideration.—After each committee

authorized to consider a joint resolution of disapproval

reports it to the House of Representatives or has been

discharged from its consideration, it shall be in order to

move to proceed to consider the joint resolution of

disapproval in the House of Representatives. All points of

order against the motion are waived. The previous question

shall be considered as ordered on the motion to its adoption

without intervening motion. The motion shall not be

debatable. A motion to reconsider the vote by which the

motion is disposed of shall not be in order.

shall be considered as read. All points of order against the

joint resolution of disapproval and against its consideration

are waived. The previous question shall be considered as

ordered on the joint resolution of disapproval to its passage

without intervening motion except 2 hours of debate equally

divided and controlled by the proponent and an opponent. A

motion to reconsider the vote on passage of the joint

resolution of disapproval shall not be in order.

(4) Consideration in the senate.—

(A) Committee referral.—A joint resolution of disapproval

introduced in the Senate shall be referred to the appropriate

committee of the Senate.

(B) Reporting and discharge.—If the appropriate committee

of the Senate has not reported the joint resolution within 10

calendar days after the date of referral of the joint

resolution, that committee shall be discharged from further

consideration of the joint resolution and the joint

resolution shall be placed on the appropriate calendar.

of the Standing Rules of the Senate, it is in order at any

time after the appropriate committee of the Senate reports a

joint resolution of disapproval to the Senate or has been

discharged from consideration of such a joint resolution to

move to proceed to the consideration of the joint resolution,

and all points of order against the joint resolution (and

against consideration of the joint resolution) are waived.

The motion to proceed is not debatable. The motion is not

subject to a motion to postpone. A motion to reconsider the

vote by which the motion is agreed to or disagreed to shall

not be in order. Approval by the Senate of a motion to

proceed to a joint resolution of disapproval shall require

the affirmative vote of three-fifths of Members of the

Senate, duly chosen and sworn.

(D) Consideration.—Consideration in the Senate of a joint

resolution of disapproval and of all debatable motions and

appeals in connection therewith shall not exceed a total of

10 hours, which shall be divided equally between the majority

and minority leaders or their designees. Any debatable motion

or appeal is debatable for not to exceed 1 hour, to be

divided equally between those favoring and those opposing the

motion or appeal.

(E) No amendments or motions.—An amendment to a joint

resolution of disapproval, a motion to postpone, a motion to

proceed to the consideration of other business, or a motion

to recommit the joint resolution is not in order.

(F) Vote on joint resolution.—If the Senate has voted to

proceed to a joint resolution of disapproval, the vote on

approval of the joint resolution shall occur immediately

following the conclusion of consideration of the joint

resolution, and a single quorum call if requested. Approval

by the Senate of a joint resolution of disapproval shall

require the affirmative vote of three-fifths of Members of

the Senate, duly chosen and sworn.

(G) Consideration of veto messages.—Consideration in the

Senate of any veto message with respect to a joint resolution

of disapproval, including all debatable motions and appeals

in connection with the joint resolution, shall be limited to

10 hours, to be equally divided between, and controlled by,

the majority leader and the minority leader or their

designees.

(5) Treatment of house joint resolution in senate.—

(A) If, before the passage by the Senate of a joint

resolution of disapproval, the Senate receives an identical

joint resolution from the House of Representatives, the

following procedures shall apply:

(i) That joint resolution shall not be referred to a

committee.

(ii) With respect to that joint resolution—

(I) the procedure in the Senate shall be the same as if no

joint resolution had been received from the House of

Representatives; but

(II) the vote on passage shall be on the joint resolution

from the House of Representatives.

(B) If the Senate passes a joint resolution of disapproval

before receiving a joint resolution of disapproval from the

House of Representatives, the joint resolution passed by the

Senate shall be held at the desk pending receipt of the joint

resolution from the House of Representatives. Upon receipt of

a joint resolution from the House of Representatives that is

identical to the joint resolution passed by the Senate, the

Senate shall proceed to its immediate consideration and the

joint resolution shall be considered read a third time and

passed and the motion to reconsider be considered made and

laid upon the table with no intervening action or debate.

the House, and no companion joint resolution has been

introduced in the Senate, the Senate procedures under this

subsection shall apply to the House joint resolution.

(6) Rules of house of representatives and senate.—This

subsection is enacted by Congress—

(A) as an exercise of the rulemaking power of the Senate

and the House of Representatives, respectively, and as such

is deemed a part of the rules of each House, respectively,

and supersedes other rules only to the extent that it is

inconsistent with such rules; and

(B) with full recognition of the constitutional right of

either House to change the rules (so far as relating to the

procedure of that House) at any time, in the same manner, and

to the same extent as in the case of any other rule of that

House.

(7) Definitions.—In this subsection:

(A) Appropriate committee of the house of

representatives.—The term “appropriate committee of the

House of Representatives” means—

(i) with respect to the termination of a duty under section

112, the Committee on Ways and Means of the House of

Representatives;

(ii) with respect to the termination of any sanction or

restriction under any of sections 102 through 111 that is

intended to significantly alter United States foreign policy

with regard to the Russian Federation, the Committee on

Foreign Affairs of the House of Representatives; or

(iii) with respect to the termination of any sanction or

restriction under any of sections 102 through 111 that is not

intended to significantly alter United States foreign policy

with regard to the Russian Federation, the Committee on

Financial Services of the House of Representatives.

(B) Appropriate committee of the senate.—The term

“appropriate committee of the Senate” means—

(i) with respect to the termination of a duty under section

112, the Committee on Finance of the Senate;

(ii) with respect to the termination of any sanction or

restriction under any of sections 102 through 111 that is

intended to significantly alter United States foreign policy

with regard to the Russian Federation, the Committee on

Foreign Relations of the Senate; or

(iii) with respect to the termination of any sanction or

restriction under any of sections 102 through 111 that is not

intended to significantly alter United States foreign policy

with regard to the Russian Federation, the Committee on

Banking, Housing, and Urban Affairs of the Senate.

SA 6716. Mr. WELCH submitted an amendment intended to be proposed to amendment SA 6711 submitted by Mrs. Britt (for Ms. Graham (for herself and Mr. Blumenthal)) and intended to be proposed to the bill H.R. 5334, to amend the Internal Revenue Code of 1986 to allow early childhood educators to take the educator expense deduction,

and for other purposes; which was ordered to lie on the table; as follows:

Strike section 113 of the amendment and insert the

following:

SEC. 113. DUTIES ON COUNTRIES THAT PURCHASE RUSSIAN-ORIGIN

CRUDE OIL OR NATURAL GAS.

(a) In General.—Not later than 30 days after the date of

the enactment of this Act, the President shall,

notwithstanding any other provision of law, increase the rate

of duty for all goods imported into the United States from a

country described in subsection (c) (and only from a country

described in subsection (c)) to a rate of up to 100 percent

ad valorem.

(b) Modification to Rate of Duty.—At any time after the

initial imposition of duties under subsection (a) or (e), the

United States Trade Representative shall modify or adjust any

rate of duty imposed under subsection (a) or (e) to a rate

greater than zero and up to 100 percent ad valorem upon

submitting a written determination to the appropriate

congressional committees that a country described in

subsection (c) has taken significant steps—

(1) to increase the importation, sale, supply, transfer, or

purchase of crude oil or natural gas that originated in the

Russian Federation; or

(2) to decrease or cease engaging in the importation, sale,

supply, transfer, or purchase of such crude oil or natural

gas.

subsection is a foreign country that—

(1) knowingly made new purchases of crude oil or natural

gas that originated in the Russian Federation on a date that

is on or after 30 days after the date of enactment of this

Act; and

(2) was among the 5 largest importers, by total volume, of

crude oil or natural gas that originated in the Russian

Federation during the most recent 12-month period preceding

the date of the enactment of this Act.

(d) Exception.—A duty shall not be imposed under this

section with respect to goods imported from a country

described in subsection (c) for the importation by that

country of natural gas that originated in the Russian

Federation if—

(1) that country's total imports of natural gas that

originated in the Russian Federation during the 12-month

period described in subsection (c)(2) were less than 15

percent of the total annual exports of natural gas from the

Russian Federation during that period; and

(2) that country has taken significant steps to reduce its

imports of natural gas that originated in the Russian

Federation.

(e) Subsequent Determinations.—Not later than 180 days

after the initial imposition of duties under subsection (a),

and every 180 days thereafter, the United States Trade

Representative, in consultation with the Secretary of State

and the Secretary of Energy, shall—

(1) determine, based on the most recent 12-month period

preceding the determination, the countries that are—

(A) the 5 largest importers of crude oil, by total volume,

originating in the Russian Federation; and

(B) the 5 largest importers of natural gas, by total

volume, originating in the Russian Federation; and

(2) impose duties pursuant to subsection (a) with respect

to goods imported from those countries.

(f) Duty Rate in Addition to Other Duties, Fees, Taxes,

Exactions, or Charges.—A rate of duty imposed under this

section with respect to a good imported from a country

described in subsection (c) shall be in addition to any other

duty, fee, tax, exaction, or charge applicable with respect

to the good, including any duty imposed under title VII of

the Tariff Act of 1930 (19 U.S.C. 1671 et seq.), section 122,

201, or 301 of the Trade Act of 1974 (19 U.S.C. 2132, 2251,

and 2411), or section 232 of the Trade Expansion Act of 1962

(19 U.S.C. 1862).

(g) Methodology, Documentation, and Reports.—

(1) Reports required.—Not later than 10 days before

imposing a duty under subsection (a) or (e), or modifying or

adjusting the rate of such a duty under subsection (b), the

President or the United States Trade Representative shall

submit to the appropriate congressional committees a written

justification for the duty that—

(A) provides a substantive rationale for the determination

of the rate of duty imposed under subsection (a) or (e) or

the modification or adjustment made pursuant to subsection

(b), as the case may be; and

(B) details the methodology used to determine that the

country subject to the duty is a country described in

subsection (c).

(2) Determinations of imports of crude oil and natural

gas.—For the purposes of determining whether a country is an

importer of crude oil or natural gas described in subsection

(c)(1)—

(A) crude oil is the substance described in Harmonized

System code 2709; and

(B) natural gas is the substance described in Harmonized

System code 2711.

(h) Rule of Construction.—Notwithstanding section 115,

nothing in this Act shall be construed to authorize the

imposition of duties with respect to goods imported from any

country not expressly described in subsection (c) or the

Russian Federation.

(i) Definitions.—In this section:

(1) Appropriate congressional committees.—The term

“appropriate congressional committees” means—

(A) the Committee on Finance, the Committee on Foreign

Relations, and the Committee on Banking, Housing, and Urban

Affairs of the Senate; and

(B) the Committee on Ways and Means, the Committee on

Foreign Affairs, and the Committee on Financial Services of

the House of Representatives.

(2) Natural gas.—Except as provided by subsection (g)(2),

the term “natural gas” means natural gas, whether unmixed

or any mixture of natural and artificial gas, including

liquefied natural gas.

SA 6717. Mr. KENNEDY submitted an amendment intended to be proposed by him to the bill H.R. 5334, to amend the Internal Revenue Code of 1986 to allow early childhood educators to take the educator expense deduction, and for other purposes; which was ordered to lie on the table; as follows:

At the end of title II of the amendment, add the

following:

SEC. 204. REPORT ON THE RUSSIAN FEDERATION'S PERSECUTION OF

RELIGIOUS GROUPS IN OCCUPIED TERRITORIES OF

UKRAINE; IMPOSITION OF SANCTIONS.

(a) Report Required.—

(1) In general.—Not later than 120 days after the date of

the enactment of this Act, and annually thereafter for 3

years, the Secretary of State, in coordination with the

Director of National Intelligence and the Secretary of the

Treasury, shall jointly submit to the appropriate

congressional committees a report that includes—

(A) a detailed description of the Government of the Russian

Federation and its state-affiliated, quasi-state, or

occupation-era activities that involve the persecution or

suppression of, or discrimination against, or otherwise

directly or indirectly involve engaging in or facilitating

serious human rights abuse against, Christians, Jews, and

Muslims (including Crimean Tatars), and other religious

minorities not affiliated with the Russian Orthodox Church or

its subordinate Ukrainian Orthodox Church of the Moscow

Patriarchate, and their respective religious organizations in

Russian-occupied territories of Ukraine;

(B) an identification of churches, synagogues, mosques,

other religious facilities, including Christian, Jewish,

Muslim, and other minority religious institutions, that have

been destroyed, damaged, seized, repurposed, or otherwise

appropriated directly or indirectly by persons operating for

or on behalf of the Government of the Russian Federation in

occupied territories of Ukraine;

(i) the number of Christians, Jews, Muslims (including

Crimean Tatars), and other religious minorities who are not

affiliated with the Russian Orthodox Church or its

subordinate Ukrainian Orthodox Church of the Moscow

Patriarchate, who have been subjected to persecution,

imprisonment, or forced displacement in occupied territories

of Ukraine;

(ii) restrictions imposed on Christian, Jewish, Muslim, and

other religions not affiliated with the religious practices,

worship services, or religious education of the Russian

Orthodox Church or its subordinate Ukrainian Orthodox Church

of the Moscow Patriarchate in occupied territories;

(iii) efforts to compel Christian organizations to

affiliate with Moscow-based religious institutions or to

suppress Christian activity not affiliated with Moscow-based

religions;

(iv) efforts by the Government of the Russian Federation,

by authorities exercising de facto governmental control in

occupied territory, or by entities or individuals otherwise

affiliated with the Russian Federation, to compel Christian

organizations in Ukraine and in occupied territories—

(I) to affiliate with Moscow-based religious institutions;

(II) to suppress Christian, Jewish, Muslim, or any other

denominations not aligned with Russian state interests; and

(v) the overall impact of the Russian Federation's invasion

of Ukraine, and its occupation of Ukrainian territory, on

religious freedom in occupied territories of Ukraine,

including Crimea and Sevastopol; and

(D) a list of individuals and entities affiliated with the

Government of the Russian Federation, or exercising de facto

authority in occupied territory, that—

(i) are responsible for persecution or suppression of, or

discrimination against, Christians, Jews, Muslims, or other

religious minorities in Ukraine and in the occupied

territories of Ukraine; or

(ii) have otherwise engaged in or attempted to engage in

any of the conduct described in this subsection.

(2) Form.—The report required by paragraph (1) shall be

submitted in an unclassified form, but may include a

classified annex.

(b) Imposition of Sanctions.—The President may impose

sanctions pursuant to the International Emergency Economic

Powers Act (50 U.S.C. 1701 et seq.) with respect to each

foreign person on the list required by subsection (a)(1)(D).

section, the term “appropriate congressional committees”

means—

(1) the Committee on Banking, Housing, and Urban Affairs,

the Committee on Foreign Relations, the Select Committee on

Intelligence, and the Committee on the Judiciary of the

Senate; and

(2) the Committee on Financial Services, the Committee on

Foreign Affairs, the Permanent Select Committee on

Intelligence, and the Committee on the Judiciary of the House

of Representatives.

SA 6718. Mr. BENNET submitted an amendment intended to be proposed by him to the bill S. 4784, to authorize appropriations for fiscal year 2027 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows:

At the end of subtitle D of title XII, add the following:

SEC. 1252. REPORT AND BRIEFINGS ON DEFENSE SYSTEMS FOR CO-

PRODUCTION WITH INDIA.

(a) Report.—

(1) In general.—Not later than one year after the date of

the enactment of this Act, the Secretary of Defense, with the

concurrence of the Secretary of State, shall submit to the

appropriate committees of Congress a report that identifies

defense systems, subsystems, critical components, or

capabilities suitable for co-production or co-development

with India over the subsequent five-year period.

(2) Considerations.—In identifying such systems, the

Secretary of Defense, in coordination with the Secretary of

State, shall consider the following:

(A) Operational demand, and documented capability gaps, of

the United States and India with respect to co-production and

co-development of defense systems, subsystems, critical

components, or capabilities.

(B) With respect to the meaningful participation in such

co-production and co-development, the industrial capacity of

defense firms of India, the Government of India, and any

other relevant entity.

(i) supply chain resilience and United States-India

interoperability; and

(ii) shared development of—

(I) hardware, such as munitions, combat vehicles, and space

technologies; and

(II) capabilities, including software, artificial

intelligence platforms, cyber platforms, and other advanced

technologies.

(D) Technology security and export control requirements

under the Arms Export Control Act (22 U.S.C. 2751 et seq.)

and applicable regulations.

(E) The relationship of the Government of India and the

defense firms of India with the Russian Federation, the

People's Republic of China, Cuba, Iran, the Democratic

People's Republic of Korea, and Venezuela, and the risk of

sensitive technology transfer to such countries.

(3) Strategy to advance co-production.—The report required

by paragraph (1) shall include, for each system identified, a

strategy to advance co-production that includes the

following:

(A) An identification of the proposed co-production or co-

development mechanism, such as Foreign Military Sales, Direct

Commercial Sales, a government-to-government agreement, or

another arrangement.

(B) An identification of key milestones and a timeline for

achieving a co-production or co-development arrangement

within the five-year period covered by the report.

Department of State office responsible for execution of such

arrangement.

(D) A description of known obstacles and steps to address

such obstacles, including any required regulatory, policy, or

legislative changes by the United States.

(4) Form.—The report required by paragraph (1) shall be

submitted in unclassified form but may include a classified

annex.

(b) Briefings.—Not later than two years after the date of

the enactment of this Act, and annually thereafter, the

Secretary of Defense and the Secretary of State shall provide

the appropriate committees of Congress with a briefing on

progress in advancing co-production arrangements for each

system identified under subsection (a)(1), including any

systems removed from or added to the list and the rational

for so doing.

appropriate committees of Congress means—

(1) the congressional defense committees;

(2) the Committee on Foreign Relations of the Senate; and

(3) the Committee on Foreign Affairs of the House of

Representatives.

SA 6719. Mr. BENNET submitted an amendment intended to be proposed to amendment SA 6711 submitted by Mrs. Britt (for Ms. Graham (for herself and Mr. Blumenthal)) and intended to be proposed to the bill H.R. 5334, to amend the Internal Revenue Code of 1986 to allow early childhood educators to take the educator expense deduction, and for other purposes; which was ordered to lie on the table; as follows:

At the end of title II of the amendment, add the

following:

SEC. 204. REPORT AND BRIEFINGS ON DEFENSE SYSTEMS FOR CO-

PRODUCTION WITH INDIA.

(a) Report.—

(1) In general.—Not later than one year after the date of

the enactment of this Act, the Secretary of Defense, with the

concurrence of the Secretary of State, shall submit to the

appropriate committees of Congress a report that identifies

defense systems, subsystems, critical components, or

capabilities suitable for co-production or co-development

with India over the subsequent five-year period.

(2) Considerations.—In identifying such systems, the

Secretary of Defense, in coordination with the Secretary of

State, shall consider the following:

(A) Operational demand, and documented capability gaps, of

the United States and India with respect to co-production and

co-development of defense systems, subsystems, critical

components, or capabilities.

(B) With respect to the meaningful participation in such

co-production and co-development, the industrial capacity of

defense firms of India, the Government of India, and any

other relevant entity.

(i) supply chain resilience and United States-India

interoperability; and

(ii) shared development of—

(I) hardware, such as munitions, combat vehicles, and space

technologies; and

(II) capabilities, including software, artificial

intelligence platforms, cyber platforms, and other advanced

technologies.

(D) Technology security and export control requirements

under the Arms Export Control Act (22 U.S.C. 2751 et seq.)

and applicable regulations.

(E) The relationship of the Government of India and the

defense firms of India with the Russian Federation, the

People's Republic of China, Cuba, Iran, the Democratic

People's Republic of Korea, and Venezuela, and the risk of

sensitive technology transfer to such countries.

(3) Strategy to advance co-production.—The report required

by paragraph (1) shall include, for each system identified, a

strategy to advance co-production that includes the

following:

(A) An identification of the proposed co-production or co-

development mechanism, such as Foreign Military Sales, Direct

Commercial Sales, a government-to-government agreement, or

another arrangement.

(B) An identification of key milestones and a timeline for

achieving a co-production or co-development arrangement

within the five-year period covered by the report.

Department of State office responsible for execution of such

arrangement.

(D) A description of known obstacles and steps to address

such obstacles, including any required regulatory, policy, or

legislative changes by the United States.

(4) Form.—The report required by paragraph (1) shall be

submitted in unclassified form but may include a classified

annex.

(b) Briefings.—Not later than two years after the date of

the enactment of this Act, and annually thereafter, the

Secretary of Defense and the Secretary of State shall provide

the appropriate committees of Congress with a briefing on

progress in advancing co-production arrangements for each

system identified under subsection (a)(1), including any

systems removed from or added to the list and the rational

for so doing.

appropriate committees of Congress means—

(1) the congressional defense committees;

(2) the Committee on Foreign Relations of the Senate; and

(3) the Committee on Foreign Affairs of the House of

Representatives.

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