Decreasing Russian Oil Profits Act of 2026 | ChamberLight

IN COMMITTEE· 119TH CONGRESS

House BillHR 7506Foreign Trade and International Finance

Decreasing Russian Oil Profits Act of 2026

INTRO FEB 11· LAST ACTION FEB 11

READING

10MIN

COSPONSORS

8BIPARTISAN

READER REACTIONS0 TOTAL

NO VOTES YET · BE THE FIRST

Introduced only

LEGISLATIVE PROGRESS

STEP 2 / 8

Introduced

In Committee

Reported

Passed House

Passed Senate

Conference

To President

Became Law

WHAT THE BILL DOES

AI-written

This bill matters because it seeks to put more economic pressure on Russia in response to its actions, specifically by targeting its significant oil revenue. If passed, it would force foreign entities to make difficult choices about their involvement in the Russian oil trade, potentially leading to a further reduction in Russia's ability to fund its operations. This could influence global energy markets, as countries might look for alternative oil sources or adjust their trade practices.

For voters, this bill represents a continuation or escalation of economic sanctions aimed at influencing geopolitical events. Its passage would mean a stricter stance from the U.S. against entities supporting Russia's economy, potentially impacting international relations and global supply chains. If it doesn't pass, the current level of sanctions on Russian oil trade, without these specific provisions, would remain in place, allowing foreign entities more flexibility in their dealings without facing these particular penalties.

KEY PROVISIONS

5AI-extracted

PROVISION 01

Requires the President to impose sanctions on foreign persons who buy, import, or facilitate trade in Russian crude oil or petroleum products.

This directly targets Russia's primary source of income by restricting who can trade its oil, aiming to reduce its profits.

PROVISION 02

Allows an exception for countries that isolate funds owed to Russia for oil in their own country, using it only for humanitarian trade, and commit to significantly reducing Russian oil purchases.

Provides a pathway for countries to continue some trade without sanctions, but limits Russia's access to hard currency from oil sales for non-humanitarian purposes.

PROVISION 03

Allows another exception for countries that deposit a per-barrel payment for Russian oil into a U.S.-established account for Ukraine's benefit.

Offers a mechanism for countries to continue buying Russian oil while redirecting some of the financial benefit to support Ukraine.

PROVISION 04

States that the President may apply no more than two types of the specified exceptions at any given time.

This limits the flexibility in applying exceptions, ensuring a strong overall impact of the sanctions while providing some targeted relief.

PROVISION 05

Imposes sanctions on foreign persons who misuse funds in the isolated Russian account for purposes other than humanitarian trade.

Prevents circumvention of the humanitarian exception, ensuring the integrity of the sanctions framework.

SPONSORSHIP

1 + 8

COSPONSOR BREAKDOWNBIPARTISAN · 50%

DEM 6 REP 2 IND 0

ACTION TIMELINE

2 EVENTS

FEB 11

Introduced in House

INTROREFERRAL

FEB 11

Referred to the House Committee on Foreign Affairs.

HOUSE · INTROREFERRAL

BILL INFO

TypeHouse Bill

NumberHR 7506

Congress119th

StatusIn Committee

IntroducedFeb 11, 2026

Last actionFeb 11, 2026

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IN COMMITTEE· 119TH CONGRESS · FOREIGN AFFAIRS COMMITTEE · INTRODUCED FEB 11, 2026

House BillHR 7506Foreign Trade and International Finance

Decreasing Russian Oil Profits Act of 2026

INTRODUCED FEB 11, 2026· LAST ACTION FEB 11, 2026

PASSAGE CHANCES

—%

READING

10 min

COSPONSORS

COMPLEXITY

Moderate

Call my reps Congress.gov

LEGISLATIVE PROGRESS

STEP 2 OF 8

Introduced

In Committee

Reported

Passed House

Passed Senate

Conference

To President

Became Law

Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law

WHAT THE BILL DOES

AI-written

KEY PROVISIONS

AI-extracted

high

Requires the President to impose sanctions on foreign persons who buy, import, or facilitate trade in Russian crude oil or petroleum products.

This directly targets Russia's primary source of income by restricting who can trade its oil, aiming to reduce its profits.

med

Allows an exception for countries that isolate funds owed to Russia for oil in their own country, using it only for humanitarian trade, and commit to significantly reducing Russian oil purchases.

Provides a pathway for countries to continue some trade without sanctions, but limits Russia's access to hard currency from oil sales for non-humanitarian purposes.

high

Allows another exception for countries that deposit a per-barrel payment for Russian oil into a U.S.-established account for Ukraine's benefit.

Offers a mechanism for countries to continue buying Russian oil while redirecting some of the financial benefit to support Ukraine.

med

States that the President may apply no more than two types of the specified exceptions at any given time.

This limits the flexibility in applying exceptions, ensuring a strong overall impact of the sanctions while providing some targeted relief.

med

Imposes sanctions on foreign persons who misuse funds in the isolated Russian account for purposes other than humanitarian trade.

Prevents circumvention of the humanitarian exception, ensuring the integrity of the sanctions framework.

DEADLINES & DATES

AI-extracted

An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

90 days after the date of enactment of this Act

Sanctions become effective

Not later than 180 days after enactment, and every 180 days thereafter

President must certify renewal of the 'isolate Russian funds' exception

Not fewer than 15 days before transfer

Secretary of State must notify Congress before transferring funds from Ukraine benefit account

Within 15 days of receipt of notification

Congressional period to enact a joint resolution of disapproval for fund transfer from Ukraine benefit account

Not less frequently than every 90 days

Significant proportion of funds in Ukraine benefit account must be disbursed

PENALTIES & ENFORCEMENT

AI-extracted

An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

TYPE	AMOUNT	WHO
administrative	Blocking and prohibiting all transactions in property and interests in property of the foreign person if such property and interests are in the U.S., come within the U.S., or are or come within the possession or control of a U.S. person.	Any foreign person determined to be dealing in Russian crude oil/petroleum products; any foreign person misusing funds in an isolated account for non-humanitarian purposes.

GLOSSARY

AI-written

Sanctions: Economic penalties, such as restricting trade, financial transactions, or travel, imposed by one country on another country or specific individuals/entities to pressure them into changing their policies.
Foreign person: An individual or entity that is not a citizen or permanent resident of the United States, or an entity not organized under the laws of the U.S.
Crude oil: Unrefined petroleum, a fossil fuel extracted from the ground, which is processed into various fuels and products.
Petroleum products: Products made from crude oil, such as gasoline, diesel fuel, heating oil, jet fuel, and lubricants.
International Emergency Economic Powers Act (IEEPA): A U.S. law that grants the President the authority to regulate international commerce after declaring a national emergency in response to an unusual and extraordinary threat to the U.S.
Humanitarian trade: The exchange of goods and services that are essential for human well-being, such as food, medicine, and medical devices.

ACTION TIMELINE

2 EVENTS

FEB 11

Introduced in House

INTROREFERRAL

FEB 11

Referred to the House Committee on Foreign Affairs.

INTROREFERRAL

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Feb 11, 2026

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Decreasing Russian Oil Profits Act of 2026

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WHAT THE BILL DOES

KEY PROVISIONS

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Decreasing Russian Oil Profits Act of 2026

LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

DEADLINES & DATES

PENALTIES & ENFORCEMENT

GLOSSARY

ACTION TIMELINE

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