Proposed
Bill · 119th Congress · S 3513
Decreasing Russian Oil Profits Act of 2025
Refreshed 41 min ago
Introduced 2025-12-16Topic: energy · economy jobsSummary
AI-generated summary, report an errorStarting 90 days after it becomes law, this bill would require the President to block U.S.-linked property of foreign persons who buy or import Russian crude oil or petroleum products, who knowingly help finance those purchases, or who lead companies involved. The President could use up to two of four types of exceptions: for countries that keep payments in local accounts for food and medicine trade and cut purchases, for purchases where a per-barrel payment goes into an account for Ukraine, for countries giving significant support to Ukraine, and for oil from certain Russian ports for a limited time. Exceptions would not cover shipping, insurance, and similar services for Russian oil sold above the price cap. Money in the Ukraine account could fund rebuilding and Ukraine's purchase of defense items, with notice to Congress before transfers. The law and its sanctions would end after 5 years.
Sponsors
- David McCormick Republican sponsor
- 5 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-12-16 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | refer |
| 2025-12-16 | Introduced in Senate | introduce |