Sponsors (18)
Official title: To impose sanctions and other measures with respect to the Russian Federation, and for other purposes.
Introduced August 10, 2026 by Michael T. McCaul · Last progress August 10, 2026
The bill strengthens and clarifies U.S. sanctions tools against Russia (and updates Iran authorities) to limit adversary financing and maritime evasion while preserving exemptions for humanitarian, intelligence, and space activities — at the cost of higher compliance burdens, trade and energy disruptions, economic losses for U.S. firms, and risks to individuals with foreign ties.
U.S. financial system and national security: U.S. persons and financial institutions will face stronger tools (blocking, correspondent-account restrictions, vessel/property blocks, and insurer exclusions) to prevent sanction‑evading Russian financial and maritime activity, reducing Russia's access to global finance and transport.
U.S. investors and taxpayers: New prohibitions on new U.S. investment in Russia and purchases of Russian sovereign debt cut U.S. financial exposure to the Russian government and make it harder for Russia to raise funding.
People in Ukraine and humanitarian actors: Transactions to deliver agricultural commodities, food, medicine, and medical devices are explicitly exempted so humanitarian and medical aid can continue despite sanctions.
U.S. exporters, investors, and service providers: Prohibitions on new investment and expanded sanction targets will cut market access and revenue for companies doing business with or in Russia.
U.S. consumers and supply chains: Very high import duties (up to 500%) and sanctions on vessels/ports/maritime services risk higher consumer prices, energy and commodity market volatility, and disruptions to supply chains.
Banks, brokers, and other financial firms: Correspondent‑account restrictions, processing bans, and broader sanctionable activity will raise compliance costs, operational burdens, and the risk of penalties (including long IEEPA liabilities).
Based on analysis of 3 sections of legislative text.
Creates sanctions targeting persons/jurisdictions that facilitate evasion of Russian oil sanctions, defines covered sectors/actors, adds exceptions, amends Iran sanctions law, and sunsets after five years.
Imposes a sanctions framework aimed at persons, entities, and jurisdictions that facilitate evasion of sanctions on Russian oil and related activities, defines covered terms (including critical infrastructure sectors and Russian military/cyber actors), and requires recurring presidential reviews to identify affiliated persons. It creates targeted definitions and exceptions (humanitarian, intelligence/law‑enforcement, certain international obligations) and amends an existing Iran sanctions provision. The measure includes a five‑year sunset and a severability clause.