CONGRESS FOR VOTERS

Michael McCaul (R-TX)

Decreasing Russian Oil Profits Act of 2026

H.R. 7506 · House bill Foreign Trade and International Finance

A Republican bill with 7 Democratic cosponsors · See all 9 cosponsors

Last activity — Referred to the House Committee on Foreign Affairs.

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

The Decreasing Russian Oil Profits Act of 2026 aims to impose sanctions on foreign persons involved in the trade of Russian crude oil or petroleum products. These sanctions target those who purchase, import, facilitate financial transactions for, or provide material support for such trade, including company executives. The President is authorized to use powers from the International Emergency Economic Powers Act to block transactions related to these activities. To manage these sanctions, the President may apply specific exceptions, such as those for countries reducing purchases or those depositing funds to support Ukraine. Certain exceptions allow for the movement of funds for specific goods like food or medicine. These provisions are set to expire five years after the Act is enacted.