Sponsors (9)
The bill strengthens U.S. national security and provides a dedicated funding stream for Ukraine by restricting and disrupting revenue flows from Russian-origin oil, but it raises compliance burdens and legal/price risks for U.S. businesses and consumers and may complicate legitimate transactions.
U.S. taxpayers and national security: the bill reduces revenue to Russia by authorizing blocking and freezing assets of foreign persons who facilitate purchases of Russian-origin oil, weakening Russia's ability to fund its military.
Taxpayers and U.S. foreign policy: it creates a predictable per-barrel payment mechanism that channels funds into a Ukraine-dedicated account with regular disbursements, providing sustained U.S.-backed financial support to Ukraine.
Financial institutions and energy companies: the bill strengthens enforceability by authorizing designation of facilitators, financiers, and executives involved in evading restrictions, making sanctions harder to circumvent.
Consumers and small businesses: restrictions and sanctions could reduce supply or raise transaction costs, which may lead to higher fuel and energy prices for households and firms.
Banks and businesses: covered firms will face increased compliance costs and transaction limitations when dealing with foreign energy trade partners or service providers, raising operational burdens and costs.
Financial institutions and small businesses: the sanctions regime could create legal risk for U.S. persons who unknowingly possess or control property tied to designated foreign persons, complicating ordinary trade and finance.
Based on analysis of 2 sections of legislative text.
Requires Treasury to identify foreign actors tied to Russian-origin oil sales and directs the President to impose IEEPA sanctions blocking their U.S. transactions, with limited exceptions.
Official title: To impose sanctions with respect to foreign persons dealing in crude oil or petroleum products of Russian Federation origin.
Introduced February 11, 2026 by Michael T. McCaul · Last progress February 11, 2026
This bill requires the Treasury Secretary, with State consultation, to identify foreign persons who buy, import, finance, facilitate, or lead purchases of Russian-origin crude oil or petroleum products, and directs the President to impose IEEPA sanctions that block U.S. transactions and property of those designated. It allows the President to create up to two narrowly defined exceptions and to exempt a country's purchases if the President certifies measures to isolate funds owed to Russia and commit to substantial reductions in Russian oil imports. The goal is to reduce revenue flowing to Russia from energy exports by targeting foreign actors who enable those sales, while giving the executive branch limited flexibility to manage diplomatic or humanitarian exceptions and temporary carve-outs for countries transitioning away from Russian oil.