119 HR 9764 IH: Hindering Oppressive Nations from Obtaining Revenue Act U.S. House of Representatives 2026-07-16 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.

I119th CONGRESS2d SessionH. R. 9764IN THE HOUSE OF REPRESENTATIVESJuly 16, 2026Mr. Schneider (for himself and Mr. Fitzpatrick) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to deny any foreign tax credit with respect to taxes paid or accrued to the Russian Federation.

1.

Short title

This Act may be cited as the Hindering Oppressive Nations from Obtaining Revenue Act or HONOR Act.

2.

Denial of foreign tax credit with respect to the Russian Federation

(a)

In general

Section 901(j)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (C)

Special rule for Russia

(i)

In general

This subsection shall apply to the Russian Federation during the period described in clause (ii). (ii)

Period of application

The period described in this clause is the period— (I)beginning on the date that is 30 days after the date of the enactment of this subparagraph, and (II)ending on the date on which the resumption of the application of the rates of duty set forth in column 1 of the Harmonized Tariff Schedule of the United States to products of the Russian Federation takes effect pursuant to section 4(b) of the Suspending Normal Trade Relations with Russia and Belarus Act.. (b)

Effective date

(1)

In general

The amendment made by this section shall take effect on the date of the enactment of this Act. (2)

Nonapplication of treaty rules

This section, and the amendment made by this section, shall be applied without regard to any treaty obligation of the United States.