3.0.0 9764 2026-08-19T16:32:45Z 2026-08-19T16:32:45Z House H HR 2026-07-16 119 https://www.congress.gov/bill/119th-congress/house-bill/9764 [Congressional Record Volume 172, Number 116 (Thursday, July 16, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCHNEIDER:H.R. 9764.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H4625]]]> hswm00 Ways and Means Committee House Standing Referred To 2026-07-16T13:05:05Z HONOR Act 119 327 S 2026-03-16 Held at the desk. 15:05:55 Related bill CRS 2026-07-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2026-07-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2026-07-16 Introduced in House IntroReferral 1000 9 Library of Congress S001190 Rep. Schneider, Bradley Scott [D-IL-10] Bradley Schneider D IL Scott 10 N F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2026-07-16 True Taxation Taxation 2026-08-01T05:32:19Z 00 2026-07-16 Introduced in House 2026-08-19T16:30:17Z Hindering Oppressive Nations from Obtaining Revenue Act or HONOR Act

This bill prohibits a taxpayer from claiming the foreign tax credit (FTC) for taxes paid, accrued, or deemed paid to Russia.

Under current law, a taxpayer may claim the FTC for income, war profits, and excess profits taxes (or taxes imposed in lieu of these taxes) paid, accrued, or deemed paid to a foreign country (and certain U.S. possessions), subject to limitations.

However, under current law, a taxpayer may not claim the FTC for taxes paid to a foreign country if (1) the United States does not recognize the country’s government, (2) the United States severs or does not conduct diplomatic relations with the country, or (3) the country is designated by the Department of State as supporting international terrorist acts. (Currently, the FTC is disallowed for taxes paid, accrued, or deemed paid to Iran, North Korea, Sudan, and Syria.)

Under the bill, a taxpayer may not claim the FTC for taxes paid, accrued, or deemed paid to Russia beginning 30 days after the date of enactment and until normal U.S. trade relations with Russia are restored (pursuant to requirements established by the Suspending Normal Trade Relations with Russia and Belarus Act).

]]> HONOR Act Display Title 45 HONOR Act 2026-07-22T10:53:18Z Short Title(s) as Introduced 101 HONOR Act 2026-07-22T10:53:16Z Introduced in House IH Short Title(s) as Introduced 101 Hindering Oppressive Nations from Obtaining Revenue Act 2026-07-22T10:53:16Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to deny any foreign tax credit with respect to taxes paid or accrued to the Russian Federation. 2026-07-22T10:48:21Z Introduced in House IH Introduced in House 2026-07-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr9764ih/xml/BILLS-119hr9764ih.xml 2026-07-16 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.