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Lindsey O. Graham Sanctioning Russia and Iran Act of 2026

HR 5334 · In progress · last action August 10, 2026

<p><strong>Lindsey O. Graham Sanctioning Russia and Iran Act of 2026</strong></p><p>This bill imposes a variety of sanctions, tariffs, and prohibitions related to Russia, extends an Iran-related sanctions law, and expands a tax deduction&nbsp;for teacher expenses to include early childhood educators.</p><p>For example, under the bill, the President must&nbsp;impose visa- and property-blocking sanctions on specified persons&nbsp;(individuals and entities) such as the Russian president&nbsp;and certain Russian military commanders. The President must also&nbsp;increase&nbsp;the rate of duty up to 100% ad valorem&nbsp;(i.e., relative to the value) on all goods imported into the United States from a country that was among the&nbsp;five largest importers of Russian-origin crude oil or natural gas if such country knowingly makes new purchases of such products after enactment of the bill.</p><p>The bill prohibits (1) the export, reexport, or in-country transfer to or in Russia of any U.S.-produced energy or energy product; (2) U.S. persons from making new investments in Russia or purchasing Russian sovereign debt; and (3) trading the securities of Russian government-owned, -controlled, or -affiliated entities on U.S. national securities exchanges.</p><p>The bill extends through 2031 the Iran Sanctions Act of 1996, which&nbsp;requires the President, with some exceptions, to impose sanctions on certain persons engaged in specified transactions related to Iran's energy sector or Iran's efforts to acquire or develop certain weapons.</p><p>The bill expands eligibility for federal tax deductions of certain educator expenses to early childhood educators providing educational or childcare services to those under age 6.</p>

Sponsor

Jimmy Panetta (D-CA)

Associated votes

No votes recorded against this bill yet — vote coverage is a work in progress.

Official summary

<p><strong>Lindsey O. Graham Sanctioning Russia and Iran Act of 2026</strong></p><p>This bill imposes a variety of sanctions, tariffs, and prohibitions related to Russia, extends an Iran-related sanctions law, and expands a tax deduction&nbsp;for teacher expenses to include early childhood educators.</p><p>For example, under the bill, the President must&nbsp;impose visa- and property-blocking sanctions on specified persons&nbsp;(individuals and entities) such as the Russian president&nbsp;and certain Russian military commanders. The President must also&nbsp;increase&nbsp;the rate of duty up to 100% ad valorem&nbsp;(i.e., relative to the value) on all goods imported into the United States from a country that was among the&nbsp;five largest importers of Russian-origin crude oil or natural gas if such country knowingly makes new purchases of such products after enactment of the bill.</p><p>The bill prohibits (1) the export, reexport, or in-country transfer to or in Russia of any U.S.-produced energy or energy product; (2) U.S. persons from making new investments in Russia or purchasing Russian sovereign debt; and (3) trading the securities of Russian government-owned, -controlled, or -affiliated entities on U.S. national securities exchanges.</p><p>The bill extends through 2031 the Iran Sanctions Act of 1996, which&nbsp;requires the President, with some exceptions, to impose sanctions on certain persons engaged in specified transactions related to Iran's energy sector or Iran's efforts to acquire or develop certain weapons.</p><p>The bill expands eligibility for federal tax deductions of certain educator expenses to early childhood educators providing educational or childcare services to those under age 6.</p>