Sponsors (24)
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 tightens and modernizes U.S. sanctions powers to more effectively choke adversaries' access to finance and shipping (supporting national security and aid flows) at the cost of higher prices, supply‑chain and energy volatility, greater compliance and legal risk for U.S. and foreign firms, and potential impacts on humanitarian delivery and individuals with ties to Russia or Iran.
U.S. national security and taxpayers: The bill strengthens U.S. sanctions tools—mandating sanctions on major Russian banks, authorizing blocking of vessels and property, restricting correspondent accounts, and updating Iran sanctions—reducing Russia's and Iran's access to global finance and making it harder for them to fund malign activities.
U.S. businesses and taxpayers: The bill prohibits new U.S. investment in Russia and bans purchases of new Russian sovereign debt, limiting U.S. financial exposure to the Russian government and reducing potential indirect support for its military activities.
People in Ukraine and U.S. humanitarian/medical providers: The bill exempts agricultural commodities, food, medicine, medical devices, certain humanitarian shipments, and authorized intelligence operations from sanctions, allowing aid and essential services (and NASA launches using Russian-origin items under specified licenses) to continue.
U.S. consumers and businesses: The bill's very high import duties (up to 500% on certain Russian goods) and sanctions on shipping and ports risk higher prices, supply‑chain disruptions, and volatility in energy and commodity markets that will ripple to households and firms.
U.S. exporters, investors, and service providers: Prohibitions on new investment, correspondent‑account restrictions, and broad transactional bans with Russia (and expanded sanctionable activities linked to Iran) will eliminate markets and revenue streams for firms engaged with those markets.
Banks, brokers, and U.S. firms: The bill increases compliance burdens, operational complexity, and legal exposure—adding correspondent‑account prohibitions, processing bans, and broad IEEPA penalties (with long statutes of limitation)—raising costs and litigation risk for financial institutions and businesses.
Based on analysis of 3 sections of legislative text.
Establishes detailed sanctions definitions and tools to stop Russian oil sanctions evasion, narrows maritime insurance rules, adds humanitarian and intelligence exceptions, and amends the Iran Sanctions Act with a five‑year sunset.
Imposes and sharpens sanctions targeting Russian government actors, companies, and networks that support or evade oil-related sanctions and harm Ukrainian critical infrastructure. It defines key terms (including what counts as adequate maritime insurance and what sectors are "critical infrastructure"), creates definitions for jurisdictions that facilitate Russian oil sanctions evasion, adds humanitarian and narrow intelligence/law‑enforcement exceptions, and requires recurring presidential reviews of persons affiliated with Russia. Also amends the Iran Sanctions Act by changing language in a specified subsection, includes a severability clause, and sunsets most provisions five years after enactment unless otherwise excluded.