Decreasing Russian Oil Profits Act of 2026

Starting 90 days after it becomes law, this bill would require the President to block the U.S.-based property of foreign persons who buy or import Russian oil or petroleum products. The sanctions would also cover those who knowingly help finance these purchases, and the chief executives and board members of companies involved. The President could use up to two types of exceptions. These cover countries that hold payments in local accounts for food and medicine trade and cut purchases, buyers who pay a per-barrel fee into an account for Ukraine, countries giving significant support to Ukraine, and certain Russian ports for a limited time. Exceptions would not cover shipping or financing of oil sold above the price cap, and the sanctions would end 5 years after enactment.

Full text and official record on Congress.gov

Sponsors

• Michael T. McCaul Republican sponsor
• 9 cosponsors