Lindsey O. Graham Sanctioning Russia and Iran Act of 2026
- Bill Number
- H.R. 5334
- Origin Chamber
- House
- Congress
- 119th Congress, Session 2
- Policy Area
- International Affairs
- Status
- Passed Senate
- Latest Action
- 2026-08-10: Message on Senate action sent to the House.
- Last Updated
- 2026-08-20T18:24:15Z
AI-Generated Summary
Purpose of the Legislation This Act imposes extensive sanctions, trade restrictions, and financial prohibitions targeting the Russian Federation and entities supporting it, primarily in response to its military activities involving Ukraine. It also extends the Iran Sanctions Act of 1996. The bill replaces the original House-passed content focused on tax deductions for early childhood educators.
Key Provisions
- Title I – Sanctions with Respect to the Russian Federation:
- Defines key terms including "Russian person," "United States person," "blocked property," "critical infrastructure," and "military invasion."
- Requires the President to impose sanctions (property blocking, visa bans, and entry prohibitions) on Russian officials, foreign persons providing goods/services to Russia's defense industrial base, entities undermining Ukraine, oligarchs, and vessels used to evade sanctions (Section 102).
- Mandates sanctions on the Central Bank of Russia, major Russian banks (e.g., Sberbank, VTB), and foreign financial institutions transacting with them; prohibits U.S. persons from transactions with these entities (Section 103).
- Blocks property of entities owned or controlled by the Russian Government (Section 104).
- Prohibits U.S. depository institutions and brokers from processing transfers to or benefiting Russian Government officials (Section 105).
- Bars listing or trading of Russian-affiliated securities on U.S. exchanges (Section 106).
- Prohibits new U.S. investments in Russia, export of services to Russia, and related financing (Section 107).
- Bans new U.S. energy sector investments in Russia and exports of U.S. energy products to Russia; sanctions facilitators of Russian energy production (Section 108).
- Prohibits U.S. persons from purchasing Russian sovereign debt (Section 109).
- Sanctions international financial messaging systems used to circumvent bank sanctions (Section 110).
- Implements import bans on Russian uranium and sanctions Rosatom officials (Section 111).
- Raises U.S. import duties on all Russian goods to up to 500% ad valorem (Section 112).
- Imposes duties up to 100% on goods from countries that are top importers of Russian oil/gas or facilitate sanctions evasion (Section 113).
- Provides exceptions for humanitarian aid, intelligence activities, international obligations, certain nuclear cooperation, and wind-down operations (Section 114).
- Allows presidential waivers with congressional reporting (Section 115).
- Authorizes use of International Emergency Economic Powers Act authorities and applies penalties for violations (Section 116).
- Permits termination of measures upon Russian peace agreement with Ukraine or cessation of activities, subject to congressional review via joint resolution of disapproval (Section 117).
- Title II – Other Matters:
- Extends the Iran Sanctions Act of 1996 through 2031 (Section 201).
- Includes severability and a 5-year sunset for most provisions (Sections 202–203).
Significant Changes to Existing Law
- Overhauls H.R. 5334 by substituting sanctions legislation for the original educator expense deduction provisions.
- Expands sanctions beyond prior executive orders by mandating new duties, investment bans, and secondary sanctions on foreign entities and countries.
- Extends the Iran Sanctions Act expiration date from 2026 to 2031.
- Establishes a structured congressional review process for terminations, including expedited consideration of disapproval resolutions.
Potential Impacts
- Government Agencies: Requires action by the President, Treasury Department, State Department, Commerce Department, and Securities and Exchange Commission for implementation, reviews, and enforcement.
- Citizens and Businesses: Restricts U.S. persons from investments, transactions, imports, and services involving Russia; affects energy, finance, and trade sectors.
- International Relations: Strengthens coordination with allies (e.g., G7, EU, UK) on sanctions but may strain relations with Russia and countries importing Russian energy; could disrupt global energy markets and supply chains.
- Trade: Increases costs for Russian-origin goods and penalizes third-country importers of Russian oil and gas.
Main Stakeholders Affected
- U.S. persons and entities (citizens, financial institutions, importers, energy companies).
- Russian Government officials, banks, energy firms, oligarchs, and vessels.
- Foreign persons and countries engaging in trade or financial dealings with Russia.
- International financial messaging systems and uranium suppliers.
- Ukraine (as the referenced beneficiary of related measures).
Notable Legal, Constitutional, or Political Implications
- Relies on broad presidential authority under the International Emergency Economic Powers Act, with explicit congressional oversight mechanisms for waivers and terminations.
- Includes severability to preserve remaining provisions if any are invalidated.
- Sunset clause limits duration except for the Iran sanctions extension.
- Exceptions aim to preserve humanitarian, intelligence, and diplomatic activities while maintaining sanctions pressure.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Cosponsors (23)
Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Goodlander, Maggie [D-NH-2], Rep. Valadao, David G. [R-CA-22], Rep. Davis, Danny K. [D-IL-7], Rep. Mullin, Kevin [D-CA-15], Rep. Pingree, Chellie [D-ME-1], Rep. Carter, Troy A. [D-LA-2], Rep. Craig, Angie [D-MN-2], Rep. Pappas, Chris [D-NH-1], Rep. Neguse, Joe [D-CO-2], Rep. Lawler, Michael [R-NY-17], Rep. Sorensen, Eric [D-IL-17], Rep. Bynum, Janelle S. [D-OR-5], Rep. Friedman, Laura [D-CA-30], Rep. Gottheimer, Josh [D-NJ-5], Rep. Olszewski, Johnny [D-MD-2], Rep. Tokuda, Jill N. [D-HI-2], Rep. Bresnahan, Robert P. [R-PA-8], Rep. Subramanyam, Suhas [D-VA-10], Rep. Suozzi, Thomas R. [D-NY-3], Rep. Thanedar, Shri [D-MI-13], Rep. Kean, Thomas H. [R-NJ-7], Rep. Tlaib, Rashida [D-MI-12]
Recent Actions
- 2026-08-10: Message on Senate action sent to the House.
- 2026-08-07: Passed Senate with an amendment and an amendment to the Title by Yea-Nay Vote. 86 - 11. Record Vote Number: 224. (Roll call 224)
- 2026-08-07: Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Yea-Nay Vote. 86 - 11. Record Vote Number: 224. (Roll call 224)
- 2026-08-07: Considered by Senate. (consideration: CR S4538-4540)
- 2026-07-29: Measure laid before Senate by motion. (consideration: CR S4323)
- 2026-07-29: Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 84 - 12. Record Vote Number: 213. (Roll call 213)
- 2026-07-29: Motion to proceed to measure considered in Senate. (CR S4301)
- 2026-07-28: Cloture on the motion to proceed to the measure invoked in Senate by Yea-Nay Vote. 86 - 12. Record Vote Number: 212. (CR S4292) (Roll call 212)
- 2026-07-23: Cloture motion on the motion to proceed to the measure presented in Senate. (CR S4253)
- 2026-07-23: Motion to proceed to consideration of measure made in Senate. (CR S4253)
- 2026-07-14: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 454.
- 2026-07-13: Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
- 2026-04-28: Received in the Senate.
- 2026-04-27: Motion to reconsider laid on the table Agreed to without objection.
- 2026-04-27: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3111-3112)
Bill Versions
- Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 — issued 2026-08-07 — PDF (62 pages)
- Supporting Early-childhood Educators’ Deductions Act — issued 2026-04-27 — PDF (4 pages)
- Supporting Early-childhood Educators’ Deductions Act of 2025 — issued 2025-09-11 — PDF (2 pages)
- Supporting Early-childhood Educators’ Deductions Act — issued 2026-07-14 — PDF (4 pages)
- Supporting Early-childhood Educators’ Deductions Act — issued 2026-04-09 — PDF (6 pages)