CONGRESS FOR VOTERS

Gregory Meeks (D-NY)

Prohibit Corrupt Russia Oil Deals Act

H.R. 10828 · House bill Foreign Trade and International Finance

A Democratic bill with 1 Republican cosponsor · See all 35 cosponsors

Last activity — Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Financial Services, Ways and Means, Oversight and Government Reform, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is called the Prohibit Corrupt Russia Oil Deals Act. It stops the United States International Development Finance Corporation from supporting Russian energy deals. The bill cancels specific Treasury Department general licenses related to Russian crude oil, petroleum products, and diesel fuel. It forces the President to place asset-blocking and visa sanctions on Russian persons involved in oil and gas extraction, refinement, production, or maritime transportation. The bill also requires federal agencies to submit regular reports to Congress on Russian oil and the involvement of Russian energy companies in the abduction of Ukrainian children. Finally, these restrictions and review periods remain in effect until the Russian Federation ends its war in Ukraine and commits to a just peace settlement.

Yes· 3 of 7

  • Scored +7

    Does this strengthen ties with allied countries?

    The bill strengthens alignment with allies by strictly cutting off financial and energy support for the Russian Federation's war efforts.

  • Scored +6

    Does this make what the government does easier for the public to see?

    The legislation mandates regular reports to congressional committees on the implementation and impact of Russian general licenses and energy company involvement in child abductions.

  • Scored +6

    Does this reduce how much oil, gas and coal is produced?

    The bill nullifies Treasury general licenses for Russian oil and petroleum products and prohibits DFC investments in Russian energy.

The opposite

  • Scored -5

    Is this likely to lower the price at the pump?

    Restricting Russian oil and diesel imports and canceling general licenses can tighten global energy supplies and potentially raise pump prices.

  • Scored -3

    Would households on low incomes be better off under this?

    Potential disruptions in global energy markets from strict oil sanctions could increase costs for everyday consumers.

  • Scored -3

    Would middle-income households be better off under this?

    Broader sanctions on Russian energy sectors may trickle down to create economic burdens or higher prices for middle-class households.