Russia and Iran: New Economic Sanctions
The House of Representatives referred this bill to several committees on August 10, 2026. It has not moved since that date and remains in the early stages of the legislative process. These committees must review the bill before it can move forward, though most bills do not receive a vote at this stage.
While the bill has bipartisan support, its aggressive trade penalties on other countries could cause global economic tension that makes some lawmakers hesitant.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Businesses that import goods from Russia or from countries that buy Russian oil and gas would face duties of up to 500 percent on Russian goods and up to 100 percent on goods from those third countries. Companies with supply chains touching Russia must wind down operations within 270 days, raising costs and forcing sourcing changes.
“increase the rate of duty for all goods, including oil, natural gas, liquefied natural gas, petroleum, petroleum products, petrochemical products, coal, and coal products, imported into the United States from the Russian Federation to a rate of up to 500 percent ad valorem.”
Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Oversight and Government Reform, Financial Services, Ways and Means, Rules, and Energy and Commerce, 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.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Lindsey O. Graham Sanctioning Russia and Iran Act of 2026
Analysis generated by AI. Always verify with official sources.