[Congressional Record Volume 172, Number 124 (Wednesday, July 29, 2026)]
[Senate]
[Pages S4339-S4350]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TEXT OF AMENDMENTS
SA 6710. Ms. CORTEZ MASTO submitted an amendment intended to be
proposed by her to the bill H.R. 5334, to amend the Internal Revenue
Code of 1986 to allow early childhood educators to take the educator
expense deduction, and for other purposes; which was ordered to lie on
the table; as follows:
At the appropriate place, insert the following:
SEC. ___. 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 with respect to any country 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 that country takes effect pursuant to section 4(b) of the
Suspending Normal Trade Relations with Russia and Belarus
Act.''.
(b) Deduction Denied.--Section 901(j)(3) of such Code is
amended by adding at the end the following new sentence:
``The preceding sentence shall not apply to any tax of any
country to which paragraph (2)(C) applies.''.
(c) Effective Dates.--
(1) In general.--Except as provided in paragraph (2), the
amendments made by this section shall take effect on the date
of the enactment of this Act.
(2) Deduction limitation.--The amendment made by subsection
(b) shall apply to taxes paid or accrued (or deemed paid or
accrued under section 960 of the Internal Revenue Code of
1986) after the date that is 90 days after the date of the
enactment of this Act.
(3) Nonapplication of treaty rules.--This section and the
amendments made by this section shall be applied without
regard to any treaty obligation of the United States.
______
SA 6711. Mrs. BRITT (for Ms. Graham (for herself and Mr. Blumenthal))
submitted an amendment intended to be proposed by Mrs. Britt to the
bill H.R. 5334, to amend the Internal Revenue Code of 1986 to allow
early childhood educators to take the educator expense deduction, and
for other purposes; which was ordered to lie on the table; as follows:
Strike section 1 and insert the following:
DIVISION A--LINDSEY O. GRAHAM SANCTIONING RUSSIA AND IRAN ACT OF 2026
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
(a) Short Title.--This Act may be cited as the ``Lindsey O.
Graham Sanctioning Russia and Iran Act of 2026''.
(b) Table of Contents.--The table of contents for this
division is as follows:
Sec. 1. Short title; table of contents.
TITLE I--SANCTIONS WITH RESPECT TO THE RUSSIAN FEDERATION
Sec. 101. Definitions.
Sec. 102. Imposition of sanctions on certain persons affiliated with or
supporting the Government of the Russian Federation.
[[Page S4340]]
Sec. 103. Imposition of sanctions with respect to financial
institutions affiliated with the Government of the
Russian Federation.
Sec. 104. Imposition of sanctions with respect to other entities owned
or controlled by the Government of the Russian
Federation.
Sec. 105. Prohibition on transfers of funds involving the Russian
Federation.
Sec. 106. Prohibition on listing or trading of Russian entities on
United States securities exchanges.
Sec. 107. Prohibition on investment by United States persons in the
Russian Federation.
Sec. 108. Prohibition on energy exports to, and investment in energy
sector of, the Russian Federation.
Sec. 109. Prohibition on purchase of sovereign debt of the Russian
Federation by United States persons.
Sec. 110. Prohibition on provision of services to sanctioned financial
institutions by international financial messaging
systems.
Sec. 111. Prohibition on importing, and sanctions with respect to,
uranium from the Russian Federation.
Sec. 112. Increase in duties on goods imported from the Russian
Federation.
Sec. 113. Duties on countries that purchase Russian-origin crude oil or
natural gas or facilitate sanctions evasion.
Sec. 114. Exceptions.
Sec. 115. Waiver.
Sec. 116. Sanctions implementation and penalties.
Sec. 117. Termination.
TITLE II--OTHER MATTERS
Sec. 201. Extension of the Iran Sanctions Act of 1996.
Sec. 202. Severability.
Sec. 203. Sunset.
TITLE I--SANCTIONS WITH RESPECT TO THE RUSSIAN FEDERATION
SEC. 101. DEFINITIONS.
In this title:
(1) Account; correspondent account; payable-through
account.--The terms ``account'', ``correspondent account'',
and ``payable-through account'' have the meanings given those
terms in section 5318A of title 31, United States Code.
(2) Adequate maritime insurance.--The term ``adequate
maritime insurance''--
(A) means verified documentation evidencing protection and
indemnity insurance with audited financial statements of the
insurer; and
(B) does not include insurance provided by an insurer
organized under the laws of the Russian Federation or
otherwise subject to the jurisdiction of the Government of
the Russian Federation.
(3) Admission; admitted; alien; etc.--The terms
``admission'', ``admitted'', ``alien'', and ``lawfully
admitted for permanent residence'' have the meanings given
those terms in section 101 of the Immigration and Nationality
Act (8 U.S.C. 1101).
(4) Armed forces of the russian federation.--The term
``Armed Forces of the Russian Federation'' includes--
(A) the Aerospace Forces of the Russian Federation;
(B) the Airborne Forces of the Russian Federation;
(C) the Ground Forces of the Russian Federation;
(D) the Navy of the Russian Federation;
(E) the Special Operations Command of the Russian
Federation;
(F) the Strategic Rocket Forces of the Russian Federation;
(G) the General Staff of the Armed Forces of the Russian
Federation;
(H) the Main Directorate of the General Staff of the Armed
Forces of the Russian Federation (formerly known as the Main
Intelligence Directorate of the Russian Federation);
(I) the Federal Security Service of the Russian Federation;
(J) the Foreign Intelligence Service of the Russian
Federation;
(K) cyber actors of the Government of the Russian
Federation; and
(L) any successor entities or proxies of the entities
described in subparagraphs (A) through (K).
(5) Blocked property.--The term ``blocked property'' means
any property blocked pursuant to the authority of the
President under section 203 of the International Emergency
Economic Powers Act (50 U.S.C. 1702).
(6) Critical infrastructure.--
(A) In general.--The term ``critical infrastructure'', with
respect to Ukraine, means systems and assets, whether
physical or virtual, so vital to Ukraine that the incapacity
or destruction of such systems and assets would have
catastrophic regional or national effects on public health or
safety, economic security, or national security.
(B) Included sectors.--The term ``critical infrastructure''
includes assets in the following sectors:
(i) Biotechnology.
(ii) Chemical.
(iii) Commercial facilities.
(iv) Communications.
(v) Critical manufacturing.
(vi) Dams.
(vii) Defense industrial base.
(viii) Emergency services.
(ix) Energy.
(x) Financial services.
(xi) Food and agriculture.
(xii) Government facilities.
(xiii) Healthcare and public health.
(xiv) Information technology.
(xv) Materials and waste.
(xvi) Nuclear reactors.
(xvii) Space.
(xviii) Transportation systems.
(xix) Water and wastewater systems.
(7) Foreign person.--The term ``foreign person'' means an
individual or entity that is not a United States person.
(8) Knowing; knowingly; knows.--The terms ``knowing'',
``knowingly'', and ``knows'', with respect to conduct, a
circumstance, or a result, means that a person had actual
knowledge, or should have known, of the conduct, the
circumstance, or the result.
(9) Military invasion.--The term ``military invasion''
includes--
(A) a ground operation or assault;
(B) an amphibious landing or assault;
(C) an airborne operation or air assault;
(D) an aerial bombardment or blockade;
(E) missile attacks, including rockets, ballistic missiles,
cruise missiles, and hypersonic missiles;
(F) a naval bombardment or armed blockade;
(G) a destructive or destabilizing cyberattack against
critical infrastructure; and
(H) an attack by a country on any territory controlled or
administered by any other independent, sovereign country,
including offshore islands controlled or administered by that
country.
(10) Russian person.--The term ``Russian person'' means--
(A) a citizen or national of the Russian Federation; or
(B) an entity organized under the laws of the Russian
Federation or otherwise subject to the jurisdiction of the
Government of the Russian Federation.
(11) United states person.--The term ``United States
person'' means--
(A) a United States citizen or an alien lawfully admitted
for permanent residence to the United States; or
(B) an entity organized under the laws of the United States
or any jurisdiction within the United States, including a
foreign branch of such an entity.
SEC. 102. IMPOSITION OF SANCTIONS ON CERTAIN PERSONS
AFFILIATED WITH OR SUPPORTING THE GOVERNMENT OF
THE RUSSIAN FEDERATION.
(a) In General.--Not later than 30 days after the date of
the enactment of this Act, and every 180 days thereafter, the
President shall--
(1) review any persons and vessels that may be described in
subsection (b); and
(2) after conducting that review--
(A) impose the sanctions described in subsection (e) with
respect to any persons the President determines are described
in subsection (b); and
(B) identify as blocked property any vessels the President
determines are described in subsection (b).
(b) Persons Described.--The persons and vessels described
in this subsection are the following:
(1) The following officials of the Government of the
Russian Federation:
(A) The President of the Russian Federation.
(B) The Prime Minister of the Russian Federation.
(C) The Minister of Defense of the Russian Federation.
(D) The Chief of the General Staff of the Armed Forces of
the Russian Federation.
(E) The Deputy Ministers of Defense of the Russian
Federation.
(F) The Commander-in-Chief of the Land Forces of the
Russian Federation.
(G) The Commander-in-Chief of the Aerospace Forces of the
Russian Federation.
(H) The Commander of the Airborne Forces of the Russian
Federation.
(I) The Commander-in-Chief of the Navy of the Russian
Federation.
(J) The Commander of the Strategic Rocket Forces of the
Russian Federation.
(K) The Commander of the Special Operations Forces of the
Russian Federation.
(L) The Commander of Logistical Support of the Armed Forces
of the Russian Federation.
(M) The commanders of the Russian Federation military
districts.
(N) The Minister of Foreign Affairs of the Russian
Federation.
(O) The Minister of Transport of the Russian Federation.
(P) The Minister of Finance of the Russian Federation.
(Q) The Minister of Industry and Trade of the Russian
Federation.
(R) The Minister of Energy of the Russian Federation.
(S) The Minister of Agriculture of the Russian Federation.
(T) The Director of the Foreign Intelligence Service of the
Russian Federation.
(U) The Director of the Federal Security Service of the
Russian Federation.
(V) The Director of the Main Directorate of the General
Staff of the Armed Forces of the Russian Federation.
(W) The Director of the National Guard of the Russian
Federation.
(X) The Federal Guard Service of the Russian Federation.
[[Page S4341]]
(Y) Any other senior official of the Government of the
Russian Federation, as determined by the President.
(2) Any foreign person that the President determines, on or
after the date of the enactment of this Act--
(A) knowingly sells, leases, or provides, or facilitates
selling, leasing, or providing, goods or services relating to
the defense industrial base of the Russian Federation,
including--
(i) computer numerical control (CNC) tools and associated
machinery, software, and maintenance or upgrade services;
(ii) lubricant additives;
(iii) nitrocellulose, wood cellulose, and associated
additives and components necessary for the production of
propellant or energetics for munitions;
(iv) chemical coatings;
(v) fiber optic cables with military applications and
associated technologies needed to manufacture such cables;
(vi) advanced sensors;
(vii) items on the Common High Priority Items List
maintained by the Bureau of Industry and Security of the
Department of Commerce; or
(viii) any additional items determined by the Secretary of
State, in consultation with the Secretary of Commerce, to be
critical to the defense industrial base of the Russian
Federation;
(B) knowingly facilitates deceptive or structured
transactions to provide the goods and services described in
subparagraph (A);
(C) knowingly conducts a significant transaction with the
Armed Forces of the Russian Federation;
(D) knowingly engages, directly or indirectly, in
activities that--
(i) materially undermine the military readiness of Ukraine;
(ii) seek to overthrow, dismantle, or subvert the
Government of Ukraine;
(iii) debilitate the critical infrastructure of Ukraine;
(iv) debilitate cybersecurity systems through malicious
electronic attacks or cyberattacks on Ukraine;
(v) undermine the democratic processes of Ukraine;
(vi) undermine the peace, security, political stability, or
territorial integrity of Ukraine; or
(vii) involve committing serious abuses of internationally
recognized human rights against citizens of Ukraine,
including forcible transfers, enforced disappearances, unjust
detainment, forced deportation of children, or torture;
(E) is a leader, official, senior executive officer, or
member of the board of directors of, or principal shareholder
with a controlling or majority interest in, an entity that is
operating in the defense industrial base or energy or
transportation sectors of the economy of the Russian
Federation in support of the Armed Forces of the Russian
Federation;
(F) is an oligarch in the Russian Federation who--
(i) has not demonstrated opposition to the Russian
Federation's war on Ukraine; or
(ii) continues, on or after the date of the enactment of
this Act, to benefit from an association with the Government
of the Russian Federation;
(G) is responsible for or complicit in, or has directly or
indirectly engaged in, for or on behalf of, or for the
benefit of, directly or indirectly, the Government of the
Russian Federation--
(i) transnational crime, corruption, bribery, extortion, or
money laundering;
(ii) assassination, murder, or other unlawful killing of,
or infliction of other bodily harm or other crimes against
humanity against, a United States person or a citizen or
national of an ally or partner of the United States;
(iii) activities that undermine the peace, security,
political stability, or territorial integrity of the United
States or an ally or partner of the United States; or
(iv) deceptive or structured transactions or dealings that
circumvent the application of any sanctions imposed by the
United States, including through the use of digital
currencies or assets or the use of physical assets; or
(H) is a leader, official, senior executive officer, or
member of the board of directors of, or principal shareholder
with a controlling or majority interest in, any of the
following Russian energy projects:
(i) The Yamal Liquefied Natural Gas Project or a successor
project.
(ii) The Arctic 1, 2, and 3 Liquefied Natural Gas Projects
or a successor project.
(iii) Projects in the Arctic region carried out after the
date of the enactment of this Act.
(3) Any foreign vessel the President determines, based on
credible information, is used by the Government of the
Russian Federation or Russian persons to move crude oil,
uranium, natural gas, liquefied natural gas, petroleum,
petroleum products, petrochemical products, coal, coal
products, arms, or other goods for the purpose of
circumventing sanctions imposed by the United States or other
countries, including any vessel the owner, operator, or
manager of which knowingly--
(A) exhibits or engages in unsafe or nonstandard maritime
behavior in furtherance of the transportation of crude oil,
uranium, natural gas, liquefied natural gas, petroleum,
petroleum products, petrochemical products, coal, or coal
products that originated in the Russian Federation;
(B) lacks adequate maritime insurance for the transport of
goods described in subparagraph (A); or
(C) evades compliance with a price cap for crude oil and
petroleum products that originated in the Russian Federation
established by--
(i) the international coalition made up of Australia,
Canada, the European Union, France, Germany, Italy, Japan,
New Zealand, the United Kingdom, and the United States and
known as the ``Price Cap Coalition''; or
(ii) the United States.
(4) Any foreign person that the President determines
knowingly--
(A) owns, operates, or manages a vessel described in
paragraph (3);
(B) provides underwriting services or insurance or
reinsurance necessary for such a vessel;
(C) serves as a captain or senior leadership of the crew of
such a vessel; or
(D) transfers to the Russian Federation, or provides for
the use of by a Russian person, any vessel designed for the
transportation of crude oil, uranium, natural gas, liquefied
natural gas, petroleum, petroleum products, petrochemical
products, coal, or coal products.
(5) Any foreign vessel that the President determines
knowingly--
(A) transports crude oil, uranium, natural gas, liquefied
natural gas, petroleum, petroleum products, petrochemical
products, coal, or coal products that originated in the
Russian Federation;
(B) engages in a ship-to-ship transfer involving crude oil,
uranium, natural gas, liquefied natural gas, petroleum,
petroleum products, petrochemical products, coal, or coal
products that originated in the Russian Federation with a
vessel that is subject to sanctions imposed by the United
States; or
(C) provides services to a vessel described in subparagraph
(A) or (B).
(6) Any foreign person that the President determines is the
owner or operator of a foreign port that allows a vessel
subject to sanctions imposed by the United States for
supporting the Russian Federation to port or otherwise
receive services.
(7) Any foreign person, including a foreign person acting
on behalf of a person described in this subsection (in this
paragraph referred to as the ``sanctioned person''), if the
sanctioned person transferred property or an interest in
property to the person--
(A) after the date on which the President imposed sanctions
with respect to the sanctioned person; or
(B) before that date, if the sanctioned person did so in an
attempt to evade the imposition of sanctions.
(c) Vessels Subject to Sanctions by the United Kingdom or
European Union.--In determining under subsection (b)(3) if a
vessel is a foreign vessel used by the Government of the
Russian Federation or Russian persons to move crude oil,
uranium, natural gas, liquefied natural gas, petroleum,
petroleum products, petrochemical products, coal, coal
products, arms, or other goods for the purpose of
circumventing sanctions, the President may use as prima facie
evidence that the vessel is subject to sanctions imposed by
the United Kingdom, the European Union, the Group of 7, or a
member of the Five Eyes intelligence alliance.
(d) Maintenance of Certain Sanctions Relating to Specified
Harmful Foreign Activities.--Sanctions and other measures
provided for under any Executive Order issued to address the
national emergency that the President continued on March 24,
2026, with respect to specified harmful foreign activities of
the Government of the Russian Federation (91 Fed. Reg.
15515), as in effect on the day before the date of the
enactment of this Act, including with respect to all persons
sanctioned under any such Executive Order, shall remain in
effect.
(e) Sanctions Described.--The sanctions described in this
subsection to be imposed with respect to a person described
in subsection (b) are the following:
(1) Blocking of property.--The President shall exercise all
of the powers granted by the International Emergency Economic
Powers Act (50 U.S.C. 1701 et seq.) to block any vessel
described in subsection (b), and block and prohibit all
transactions in all property and interests in property of a
person described in subsection (b), if such property and
interests in property are in the United States, come within
the United States, or are or come within the possession or
control of a United States person.
(2) Ineligibility for visas, admission, or parole.--
(A) Visas, admission, or parole.--An alien described in
subsection (b) shall be--
(i) inadmissible to the United States;
(ii) ineligible to receive a visa or other documentation to
enter the United States; and
(iii) otherwise ineligible to be admitted or paroled into
the United States or to receive any other benefit under the
Immigration and Nationality Act (8 U.S.C. 1101 et seq.).
(B) Current visas revoked.--
(i) In general.--The visa or other entry documentation of
an alien described in subsection (b) shall be revoked,
regardless of when such visa or other entry documentation is
or was issued.
(ii) Immediate effect.--A revocation under clause (i)
shall--
(I) take effect immediately; and
(II) automatically cancel any other valid visa or entry
documentation that is in the possession of the alien.
[[Page S4342]]
SEC. 103. IMPOSITION OF SANCTIONS WITH RESPECT TO FINANCIAL
INSTITUTIONS AFFILIATED WITH THE GOVERNMENT OF
THE RUSSIAN FEDERATION.
(a) Imposition of Sanctions.--
(1) In general.--Not later than 30 days after the date of
the enactment of this Act, the President shall--
(A) impose 2 or more of the sanctions described in
subsection (d) with respect to the Central Bank of the
Russian Federation (Bank of Russia) and any subsidiary of, or
successor entity to, that Bank;
(B) impose all of the sanctions described in subsection (d)
with respect to--
(i) Sberbank;
(ii) VTB Bank;
(iii) Gazprombank;
(iv) any other financial institution organized under the
laws of the Russian Federation and owned in whole or in part
by the Government of the Russian Federation;
(v) any subsidiary of, or successor entity to, any of the
financial institutions described in clauses (i) through (iv);
and
(vi) except as provided by subsection (c), any foreign
financial institution that engages in significant
transactions with any of the financial institutions described
in clauses (i) through (v); and
(C) impose the sanctions described in section 102(e) with
respect to any leaders, officials, senior executive officers,
or members of the board of directors of, or any principal
shareholders with a controlling or majority interest in, a
financial institution described in subparagraph (A) or (B).
(2) Updates.--Not later than 210 days after the date of the
enactment of this Act, and every 180 days thereafter, the
President shall--
(A) review any persons that may be described in paragraph
(1); and
(B) if sanctions have not been imposed under this
subsection with respect to any person the President
determines is described in paragraph (1), impose such
sanctions with respect to that person.
(b) Prohibition on Transactions by United States Persons.--
Effective on the date that is 30 days after the date of the
enactment of this Act, the President shall prohibit any
United States person from engaging in any transaction with a
financial institution described in subsection (a)(1)(B).
(c) Exception for Certain Financial Institutions.--The
President is not required to impose sanctions under
subsection (a)(1)(B) with respect to a foreign financial
institution described in clause (vi) of that subsection if
the Secretary of the Treasury determines that imposing such
sanctions is not consistent with the economic or foreign
policy interests of the United States.
(d) Sanctions Described.--The sanctions described in this
subsection to be imposed with respect to a financial
institution described in subsection (a) are the following:
(1) Blocking of property.--The President shall exercise all
of the powers granted to the President under the
International Emergency Economic Powers Act (50 U.S.C. 1701
et seq.) to the extent necessary to block and prohibit all
transactions in property and interests in property of the
financial institution if such property and interests in
property are in the United States, come within the United
States, or are or come within the possession or control of a
United States person.
(2) CAATSA sanctions.--Two or more of the sanctions
described in section 235 of the Countering America's
Adversaries Through Sanctions Act (22 U.S.C. 9529) that are
not already imposed.
(3) Restrictions on correspondent and payable-through
accounts.--The President shall prohibit the opening, and
prohibit or impose strict conditions on the maintaining, in
the United States, of a correspondent account or payable-
through account by the financial institution.
(e) Rule of Construction.--
(1) Treatment of returns on immobilized russian sovereign
assets.--
(A) In general.--A United States or foreign financial
institution holding immobilized Russian sovereign assets
under the Rebuilding Economic Prosperity and Opportunity for
Ukrainians Act (division F of Public Law 118-50; 22 U.S.C.
9521 note) or any other provision of law is not required to
return any interest earned on those assets and due to the
Russian Federation.
(B) Exception for interest earned.--Subparagraph (A) shall
not be construed as affecting the treatment of interest
earned on the assets of persons the assets of which have been
blocked under any provision of law.
(2) Loans to ukraine using immobilized russian sovereign
assets.--Sanctions imposed under this section shall not apply
with respect to payments on--
(A) the loans provided by the United States and the Group
of 7 or the European Union to Ukraine that are serviced and
repaid with the proceeds of immobilized Russian sovereign
assets; or
(B) any loans from the United States or countries that are
members of the Group of 7 or the European Union made after
the date of the enactment of this Act using proceeds from
immobilized Russian sovereign assets.
SEC. 104. IMPOSITION OF SANCTIONS WITH RESPECT TO OTHER
ENTITIES OWNED OR CONTROLLED BY THE GOVERNMENT
OF THE RUSSIAN FEDERATION.
(a) In General.--Not later than 30 days after the date of
the enactment of this Act, and every 180 days thereafter, the
President shall--
(1) review any entity--
(A) in which the Government of the Russian Federation may
have a controlling or majority ownership interest; or
(B) that may otherwise be affiliated with the Government of
the Russian Federation; and
(2) impose the sanctions described in subsection (b) with
respect to an entity if the President determines that--
(A) the Government of the Russian Federation has a
controlling or majority ownership interest in the entity; or
(B) the entity is otherwise affiliated with the Government
of the Russian Federation.
(b) Sanctions Described.--The President shall exercise all
of the powers granted to the President under the
International Emergency Economic Powers Act (50 U.S.C. 1701
et seq.) to the extent necessary to block and prohibit all
transactions in property and interests in property of an
entity described in subsection (a) if such property and
interests in property are in the United States, come within
the United States, or are or come within the possession or
control of a United States person.
SEC. 105. PROHIBITION ON TRANSFERS OF FUNDS INVOLVING THE
RUSSIAN FEDERATION.
(a) In General.--Except as provided by subsection (b),
effective on the date that is 30 days after the date of the
enactment of this Act, a depository institution (as defined
in section 19(b)(1)(A) of the Federal Reserve Act (12 U.S.C.
461(b)(1)(A))) or a broker or dealer in securities registered
with the Securities and Exchange Commission under the
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) may
not process transfers of funds--
(1) to or from the Government of the Russian Federation,
including any entity owned by the Government of the Russian
Federation; or
(2) for the direct or indirect benefit of officials of the
Government of the Russian Federation.
(b) Exception.--A depository institution, broker, or dealer
described in subsection (a) may process a transfer described
in that subsection if the transfer arises from, and is
ordinarily incident and necessary to give effect to, an
underlying transaction that is authorized by a specific or
general license.
SEC. 106. PROHIBITION ON LISTING OR TRADING OF RUSSIAN
ENTITIES ON UNITED STATES SECURITIES EXCHANGES.
(a) In General.--Not later than 30 days after the date of
the enactment of this Act, the Securities and Exchange
Commission shall prohibit the securities of an issuer
described in subsection (b) from being traded on a national
securities exchange.
(b) Issuers.--An issuer described in this subsection is an
issuer that is--
(1) an official of or individual affiliated with the
Government of the Russian Federation; or
(2) an entity--
(A) in which the Government of the Russian Federation has a
controlling or majority ownership interest; or
(B) that is otherwise affiliated with the Government of the
Russian Federation.
(c) Definitions.--In this section:
(1) Issuer; security.--The terms ``issuer'' and
``security'' have the meanings given those terms in section
3(a) of the Securities Exchange Act of 1934 (15 U.S.C.
78c(a)).
(2) National securities exchange.--The term ``national
securities exchange'' means an exchange registered as a
national securities exchange in accordance with section 6 of
the Securities Exchange Act of 1934 (15 U.S.C. 78f).
SEC. 107. PROHIBITION ON INVESTMENT BY UNITED STATES PERSONS
IN THE RUSSIAN FEDERATION.
Effective on the date that is 30 days after the date of the
enactment of this Act, the following are prohibited:
(1) New investment in the Russian Federation by a United
States person, wherever located.
(2) The exportation, reexportation, sale, or supply,
directly or indirectly, from the United States, or by a
United States person, wherever located, of any category of
services identified by the Secretary of the Treasury, in
consultation with the Secretary of State, to any person
located in the Russian Federation.
(3) Any approval, financing, facilitation, or guarantee by
a United States person, wherever located, of a transaction by
a foreign person if the transaction by that foreign person
would be prohibited by this section if performed by a United
States person or within the United States.
SEC. 108. PROHIBITION ON ENERGY EXPORTS TO, AND INVESTMENT IN
ENERGY SECTOR OF, THE RUSSIAN FEDERATION.
(a) Prohibitions on Investment and Exports.--
(1) In general.--Effective on the date that is 30 days
after the date of the enactment of this Act, the following
are prohibited:
(A) Any new investment in the energy sector of the Russian
Federation by a United States person.
(B) The export, reexport, or in-country transfer to or in
the Russian Federation of any energy or energy product
produced in the United States.
(2) Definitions.--In this subsection, the terms ``export'',
``in-country transfer'', and ``reexport'' have the meanings
given those terms in section 1742 of the Export Control
Reform Act of 2018 (50 U.S.C. 4801).
(b) Sanctions.--The President shall impose the sanctions
described in section 102(e) with
[[Page S4343]]
respect to any foreign person that the President determines
knowingly sells, supplies, transfers, markets, or otherwise
provides goods, services, technology, or other support that
facilitates the maintenance or expansion of the production of
oil, uranium, natural gas, liquefied natural gas, petroleum,
petroleum products, petrochemical products, coal, or coal
products for use by any person subject to sanctions under
section 102 or 103.
SEC. 109. PROHIBITION ON PURCHASE OF SOVEREIGN DEBT OF THE
RUSSIAN FEDERATION BY UNITED STATES PERSONS.
Upon the enactment of this Act, the purchase of sovereign
debt of the Government of the Russian Federation by any
United States person (including a United States financial
institution) is prohibited.
SEC. 110. PROHIBITION ON PROVISION OF SERVICES TO SANCTIONED
FINANCIAL INSTITUTIONS BY INTERNATIONAL
FINANCIAL MESSAGING SYSTEMS.
(a) In General.--Not later than 30 days after the date of
the enactment of this Act, and every 180 days thereafter, the
President shall--
(1) review any person that may be described in subsection
(b); and
(2) impose sanctions pursuant to the International
Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) with
respect to any person the President determines is described
in that subsection.
(b) Persons Described.--A person described in this
subsection is--
(1) any entity that--
(A) operates with the intent to predominantly engage in the
business of providing global financial messaging services;
and
(B) is determined by the Secretary of the Treasury, in
consultation with the Secretary of State, as knowingly being
used to circumvent any sanctions imposed under section 103 or
any other provision of this title; or
(2) a leader, official, senior executive officer, or member
of the board of directors of, or principal shareholder with a
controlling or majority interest in, any entity described in
paragraph (1).
(c) Exception.--The President may waive the imposition of
sanctions under subsection (a) with respect to an entity
predominantly engaged in the business of providing global
financial messaging services for, directly providing such
services to, or enabling or facilitating direct or indirect
access to such services for, any financial institution
subject to sanctions under section 103 or any other provision
of this title if--
(1) the entity--
(A) is subject to a sanctions regime under its governing
foreign law that requires it to eliminate the knowing
provision of such services to, and the knowing enabling and
facilitation of direct or indirect access to such services
for, foreign financial institutions identified under such
governing foreign law for purposes of that sanctions regime
if the President determines that the sanctions regime under
governing foreign law is not inconsistent with the economic
or foreign policy interests of the United States; and
(B) has, pursuant to that sanctions regime, terminated the
knowing provision of such services to, and the knowing
enabling and facilitation of direct or indirect access to
such services for, foreign financial institutions identified
under such governing foreign law for purposes of that
sanctions regime; or
(2) the entity provides significant financial messaging
services to United States financial institutions, as
determined by the Secretary of the Treasury, in consultation
with the Secretary of State.
(d) Rule of Construction.--Nothing in this section shall be
construed to limit the authority of the President pursuant to
the International Emergency Economic Powers Act (50 U.S.C.
1701 et seq.).
SEC. 111. PROHIBITION ON IMPORTING, AND SANCTIONS WITH
RESPECT TO, URANIUM FROM THE RUSSIAN
FEDERATION.
(a) Implementation of Prohibition on Uranium Imports From
the Russian Federation.--Upon the date of the enactment of
this Act, the President shall take all necessary steps to
implement the requirements of section 3112A(d) of the USEC
Privatization Act (42 U.S.C. 2297h-10a(d)) regarding the
importation of uranium from the Russian Federation, including
the importation of any uranium from Rosatom State Atomic
Energy Corporation or any subsidiary or successor entity.
(b) Sanctions.--Beginning on the date described in section
3112A(d)(2)(C) of the USEC Privatization Act (42 U.S.C.
2297h-10a(d)(2)(C)), and every 180 days thereafter, the
President shall impose sanctions described in section 102(e)
with respect to any leaders, officials, senior executive
officers, or members of the board of directors of, or
principal shareholders with a controlling or majority
interest in, Rosatom State Atomic Energy Corporation or any
subsidiary or successor entity.
SEC. 112. INCREASE IN DUTIES ON GOODS IMPORTED FROM THE
RUSSIAN FEDERATION.
(a) In General.--Not later than 30 days after the date of
the enactment of this Act, the President shall,
notwithstanding any other provision of law, increase the rate
of duty for all goods, including oil, natural gas, liquefied
natural gas, petroleum, petroleum products, petrochemical
products, coal, and coal products, imported into the United
States from the Russian Federation to a rate of up to 500
percent ad valorem.
(b) Duty Rate in Addition to Other Duties, Fees, Taxes,
Exactions, or Charges.--The rate of duty required under
subsection (a) with respect to a good described in that
subsection shall be in addition to any other duty, fee, tax,
exaction, or charge applicable with respect to the good,
including any duty imposed under title VII of the Tariff Act
of 1930 (19 U.S.C. 1671 et seq.), section 122, 201, or 301 of
the Trade Act of 1974 (19 U.S.C. 2132, 2251, and 2411), or
section 232 of the Trade Expansion Act of 1962 (19 U.S.C.
1862).
SEC. 113. DUTIES ON COUNTRIES THAT PURCHASE RUSSIAN-ORIGIN
CRUDE OIL OR NATURAL GAS OR FACILITATE
SANCTIONS EVASION.
(a) In General.--Not later than 30 days after the date of
the enactment of this Act, the President shall,
notwithstanding any other provision of law, increase the rate
of duty for all goods imported into the United States from a
country described in subsection (c) (and only from a country
described in subsection (c)) to a rate of up to 100 percent
ad valorem.
(b) Modification to Rate of Duty.--At any time after the
initial imposition of duties under subsection (a) or (e), the
United States Trade Representative shall modify or adjust any
rate of duty imposed under subsection (a) or (e) to a rate
greater than zero and up to 100 percent ad valorem upon
submitting a written determination to the appropriate
congressional committees that a country described in
subsection (c) has taken significant steps--
(1) to increase the importation, sale, supply, transfer, or
purchase of crude oil or natural gas that originated in the
Russian Federation; or
(2) to decrease or cease engaging in the importation, sale,
supply, transfer, or purchase of such crude oil or natural
gas.
(c) Country Described.--A country described in this
subsection is a foreign country that--
(1)(A) knowingly made new purchases of crude oil or natural
gas that originated in the Russian Federation on a date that
is on or after 30 days after the date of enactment of this
Act; and
(B) was among the 5 largest importers, by total volume, of
crude oil or natural gas that originated in the Russian
Federation during the most recent 12-month period preceding
the date of the enactment of this Act; or
(2) was among the top 5 countries facilitating Russian oil
sanctions evasion during the most recent 12-month period
preceding the date of the enactment of this Act.
(d) Exception.--A duty shall not be imposed under this
section with respect to goods imported from a country
described in subsection (c)(1) for the importation by that
country of natural gas that originated in the Russian
Federation if--
(1) that country's total imports of natural gas that
originated in the Russian Federation during the 12-month
period described in subsection (c)(1)(B) were less than 15
percent of the total annual exports of natural gas from the
Russian Federation during that period; and
(2) that country has taken significant steps to reduce its
imports of natural gas that originated in the Russian
Federation.
(e) Subsequent Determinations.--Not later than 180 days
after the initial imposition of duties under subsection (a),
and every 180 days thereafter, the United States Trade
Representative, in consultation with the Secretary of State
and the Secretary of Energy, shall--
(1) determine, based on the most recent 12-month period
preceding the determination, the countries that are--
(A) the 5 largest importers of crude oil, by total volume,
originating in the Russian Federation; and
(B) the 5 largest importers of natural gas, by total
volume, originating in the Russian Federation; and
(2) impose duties pursuant to subsection (a) with respect
to goods imported from those countries.
(f) Duty Rate in Addition to Other Duties, Fees, Taxes,
Exactions, or Charges.--A rate of duty imposed under this
section with respect to a good imported from a country
described in subsection (c) shall be in addition to any other
duty, fee, tax, exaction, or charge applicable with respect
to the good, including any duty imposed under title VII of
the Tariff Act of 1930 (19 U.S.C. 1671 et seq.), section 122,
201, or 301 of the Trade Act of 1974 (19 U.S.C. 2132, 2251,
and 2411), or section 232 of the Trade Expansion Act of 1962
(19 U.S.C. 1862).
(g) Methodology, Documentation, and Reports.--
(1) Reports required.--Not later than 10 days before
imposing a duty under subsection (a) or (e), or modifying or
adjusting the rate of such a duty under subsection (b), the
President or the United States Trade Representative shall
submit to the appropriate congressional committees a written
justification for the duty that--
(A) provides a substantive rationale for the determination
of the rate of duty imposed under subsection (a) or (e) or
the modification or adjustment made pursuant to subsection
(b), as the case may be; and
(B) details the methodology used to determine that the
country subject to the duty is a country described in
subsection (c).
(2) Determinations of imports of crude oil and natural
gas.--For the purposes of determining whether a country is an
importer of crude oil or natural gas described in subsection
(c)(1)--
(A) crude oil is the substance described in Harmonized
System code 2709; and
(B) natural gas is the substance described in Harmonized
System code 2711.
[[Page S4344]]
(h) Rule of Construction.--Notwithstanding section 115,
nothing in this Act shall be construed to authorize the
imposition of duties with respect to goods imported from any
country not expressly described in subsection (c) or the
Russian Federation.
(i) Definitions.--In this section:
(1) Appropriate congressional committees.--The term
``appropriate congressional committees'' means--
(A) the Committee on Finance, the Committee on Foreign
Relations, and the Committee on Banking, Housing, and Urban
Affairs of the Senate; and
(B) the Committee on Ways and Means, the Committee on
Foreign Affairs, and the Committee on Financial Services of
the House of Representatives.
(2) Countries facilitating russian oil sanctions evasion.--
The term ``countries facilitating Russian oil sanctions
evasion'' means countries in which foreign persons are
located or are operating, or under the laws of which foreign
persons are organized, if such foreign persons are knowingly
engaging in transactions, activities, or services that
circumvent, or assist any third party to circumvent, any
sanction related to oil that originated in the Russian
Federation, including by--
(A) providing significant financial or other support for
the purchase, loading, or shipment of oil that originated in
the Russian Federation and is subject to sanctions; and
(B) engaging in any transaction, activity, or service
related to a shadow fleet vessel that transported, is
transporting, or is attempting to transport oil that
originated in the Russian Federation and is subject to
sanctions.
(3) Natural gas.--Except as provided by subsection (g)(2),
the term ``natural gas'' means natural gas, whether unmixed
or any mixture of natural and artificial gas, including
liquefied natural gas.
SEC. 114. EXCEPTIONS.
(a) Exception for Humanitarian Assistance.--
(1) In general.--Sanctions and other measures under this
title shall not apply to--
(A) the conduct or facilitation of a transaction for the
provision of agricultural commodities, food, medicine,
medical devices, humanitarian assistance, or for humanitarian
purposes; or
(B) transactions that are necessary for, or related to, the
activities described in subparagraph (A).
(2) Rule of interpretation.--This subsection should be
interpreted to apply to an entity carrying out any
internationally recognized agreement with the Government of
Ukraine for the sale or provision of agricultural
commodities, food, medicine, or medical devices to and from
Ukraine unless the President determines that the agreement is
being used to evade sanctions imposed by the United States,
the United Kingdom, the European Union, or the Group of 7.
(3) Definitions.--In this subsection:
(A) Agricultural commodity.--The term ``agricultural
commodity'' has the meaning given such term in section 102 of
the Agricultural Trade Act of 1978 (7 U.S.C. 5602).
(B) Medical device.--The term ``medical device'' has the
meaning given the term ``device'' in section 201 of the
Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321).
(C) Medicine.--The term ``medicine'' has the meaning given
the term ``drug'' in section 201 of the Federal Food, Drug,
and Cosmetic Act (21 U.S.C. 321).
(b) Exception for Intelligence and Law Enforcement
Activities.--This title shall not apply with respect to
activities subject to the reporting requirements under title
V of the National Security Act of 1947 (50 U.S.C. 3091 et
seq.) or to carry out or assist any authorized intelligence
or law enforcement activities of the United States.
(c) Exception To Comply With International Obligations.--
Sanctions under this title shall not apply to the admission
or parole of an alien into the United States if such
admission or parole is necessary to comply with United States
obligations under the Agreement between the United Nations
and the United States of America regarding the Headquarters
of the United Nations, signed at Lake Success June 26, 1947,
and entered into force November 21, 1947, or under the
Convention on Consular Relations, done at Vienna April 24,
1963, and entered into force March 19, 1967, or other
international obligations.
(d) Exception To Comply With Civilian Nuclear Cooperation
Agreements.--This title shall not apply to activities carried
out under an agreement for cooperation between the United
States and the Russian Federation entered into under section
123 of the Atomic Energy Act of 1954 (42 U.S.C. 2153).
(e) Exception for Certain Imports of Low-enriched Uranium
for Nuclear Reactors.--This title shall not apply with
respect to imports into the United States of low-enriched
uranium described in paragraph (1) of section 3112A(d) of the
USEC Privatization Act (42 U.S.C. 2297h-10a(d)) or medical
isotopes for which a waiver has been issued under paragraph
(2) of that section.
(f) Exception for Official Government Business.--This title
shall not apply to transactions for the conduct of official
business of the United States Government (including
transactions necessary for the operation of the United States
embassy or United States consulates in the Russian
Federation) or the United Nations (including its specialized
agencies, programs, funds, and related organizations) by
employees, grantees, or contractors thereof.
(g) Exception for Non-Russian Oil That Transits Russian
Territory.--This title shall not apply to oil originating in
a country other than the Russian Federation that transits the
territory of the Russian Federation, or to any entity that
transports such oil, for export to international markets.
(h) General Licenses.--
(1) In general.--This title shall not apply with respect to
a United States person that is operating under the terms of a
general license issued by the Department of the Treasury
before the date of the enactment of this Act.
(2) Rule of construction.--Nothing in this title shall be
construed to affect the terms of a general license described
in paragraph (1), the authority of United States persons to
continue to operate under such a license, or the authority of
the Secretary of the Treasury to extend or issue new general
licenses.
(i) Exception for Winddown Operations.--During the 270-day
period beginning on the date of the enactment of this Act,
sanctions under this title shall not apply with respect to--
(1) an activity related to the winddown or divestiture of
operations in the Russian Federation by an entity located in
the Russian Federation that is not owned or controlled,
directly or indirectly, by a Russian person; or
(2) an entity located in the Russian Federation that is
owned or controlled, directly or indirectly, by a United
States person if that United States person is engaged in good
faith efforts to winddown or divest operations in the Russian
Federation, including providing ongoing operational support
to wind down or divest operations.
(j) Exception for Safety of Vessels and Crew.--Sanctions
under this title shall not apply with respect to a person
providing provisions to a vessel otherwise subject to
sanctions under this title if such provisions are intended--
(1) for the safety and care of the crew aboard the vessel;
(2) for the protection of human life aboard the vessel; or
(3) to avoid any environmental or other significant damage.
(k) Exception Relating to Activities of the National
Aeronautics and Space Administration.--
(1) In general.--This title shall not apply with respect to
activities of the National Aeronautics and Space
Administration.
(2) Rule of construction.--Nothing in this title shall be
construed to authorize the imposition of any sanction or
other condition, limitation, restriction, prohibition, or
other measure, that directly or indirectly impedes the supply
by any entity of the Russian Federation of any product or
service, or the procurement of such product or service by any
contractor or subcontractor of the United States or any other
entity, relating to or in connection with any space launch
conducted for--
(A) the National Aeronautics and Space Administration; or
(B) any other non-Department of Defense customer.
SEC. 115. WAIVER.
(a) In General.--The President may, subject to subsection
(b), waive the application of any sanctions provision with
respect to a foreign person, any restriction with respect to
a person, or any duty under this title.
(b) Reports Required.--
(1) In general.--Before issuing a waiver under subsection
(a), the President shall submit to Congress--
(A) a certification in writing that the issuance of the
waiver is in the national interests of the United States; and
(B) a report explaining the basis for the certification.
(2) Consolidation of reports.--If the President is issuing
more than one waiver of a section of this title, the
President may include, in one report submitted under
paragraph (1), the certifications and explanations required
by that paragraph with respect to each such waiver, as long
as all of such certifications and explanations relate to a
waiver of the same section of this title.
(3) Form of report.--Each report required by paragraph (1)
shall be submitted in unclassified form but may include a
classified annex.
(4) Applicability to modifications of certain duty rates.--
The President is not required to submit a report under
paragraph (1) for a modification or adjustment of a rate of
duty pursuant to section 113(b). This paragraph does not
modify or negate the requirement to submit a written
determination required by section 113(b) or a report required
by section 113(g)(1).
SEC. 116. SANCTIONS IMPLEMENTATION AND PENALTIES.
(a) Implementation.--The President may exercise all
authorities provided under sections 203 and 205 of the
International Emergency Economic Powers Act (50 U.S.C. 1702
and 1704) to carry out sections 102 through 111.
(b) Penalties.--The penalties provided for in subsections
(b) and (c) of section 206 of the International Emergency
Economic Powers Act (50 U.S.C. 1705) shall apply to any
person that violates, attempts to violate, conspires to
violate, or causes a violation of any prohibition under any
of sections 102 through 111, or an order or regulation
prescribed under any of such sections, to the same extent
that such penalties apply to a person that commits an
unlawful act described in subsection (a) of that section.
[[Page S4345]]
SEC. 117. TERMINATION.
(a) In General.--Subject to subsection (b), the President
may terminate the application of any sanction with respect to
a foreign person, any restriction with respect to a person,
or any duty under this title, if the President submits to
Congress a report--
(1) certifying in writing that--
(A) in the case of the termination of the application of a
sanction, restriction, or duty with respect to a Russian
person or the Russian Federation, the Russian Federation
has--
(i) signed a peace agreement that is accepted by the free
and independent Government of Ukraine; and
(ii) ceased all military hostilities against and any
activities to overthrow, dismantle, and subvert the
Government of Ukraine; or
(B) in the case of the termination of the application of a
sanction, restriction, or duty with respect to any foreign
person or foreign country (other than a Russian person or the
Russian Federation)--
(i) the foreign person or the government of the foreign
country, as the case may be, is not engaging in the activity
that was the basis for the sanctions or other measures being
terminated; and
(ii) the President has received reliable assurances that
the foreign person or the government of the foreign country,
as the case may be, will not knowingly engage in activity
subject to sanctions or other measures under this title in
the future; and
(2) that includes, in the case of a report not relating to
the termination of a duty under section 112 or 113, a
determination of whether the termination is intended to
significantly alter United States foreign policy with regard
to the Russian Federation.
(b) Period for Review by Congress.--
(1) In general.--During the period of 30 calendar days
beginning on the date on which the President submits a report
under subsection (a) with respect to the termination of the
application of a sanction, restriction, or duty under this
title, the termination shall not take effect. If, after the
end of that period, a joint resolution of disapproval with
respect to the termination has not been enacted into law
under subsection (c), the termination may take effect.
(2) Consideration by congress.--During the period described
in paragraph (1), the appropriate committee of the Senate and
the appropriate committee of the House of Representatives
should, as appropriate, hold hearings and briefings and
otherwise obtain information in order to fully review the
report.
(3) Exception.--The period for congressional review under
paragraph (1) of a report required to be submitted under
subsection (a) shall be 60 calendar days if the report is
submitted on or after July 10 and on or before September 7 in
any calendar year.
(c) Joint Resolution of Disapproval.--
(1) Joint resolution of disapproval defined.--In this
subsection, the term ``joint resolution of disapproval''
means only a joint resolution of either House of Congress the
sole matter after the resolving clause of which is as
follows: ``That Congress disapproves of the termination of
the application of section __ of the Lindsey O. Graham
Sanctioning Russia and Iran Act of 2026, with respect to
which the President submitted a report on ___.'', with the
first blank space being filled with the appropriate section
number and the second blank space being filled with the
appropriate date.
(2) Introduction.--During the period of 30 calendar days
provided for under subsection (b)(1), including any
additional period as applicable under the exception provided
in subsection (b)(3), a joint resolution of disapproval may
be introduced--
(A) in the House of Representatives, by the majority leader
or the minority leader; and
(B) in the Senate, by the majority leader (or a designee of
the majority leader) or the minority leader (or a designee of
the minority leader).
(3) Consideration in house of representatives.--
(A) Reporting and discharge.--Any committee of the House of
Representatives to which a joint resolution of disapproval is
referred shall report it to the House of Representatives
without amendment not later than 10 calendar days after the
date of referral. If a committee fails to report the joint
resolution within that period, the committee shall be
discharged from further consideration of the joint resolution
and the joint resolution shall be referred to the appropriate
calendar.
(B) Proceeding to consideration.--After each committee
authorized to consider a joint resolution of disapproval
reports it to the House of Representatives or has been
discharged from its consideration, it shall be in order to
move to proceed to consider the joint resolution of
disapproval in the House of Representatives. All points of
order against the motion are waived. The previous question
shall be considered as ordered on the motion to its adoption
without intervening motion. The motion shall not be
debatable. A motion to reconsider the vote by which the
motion is disposed of shall not be in order.
(C) Consideration.--The joint resolution of disapproval
shall be considered as read. All points of order against the
joint resolution of disapproval and against its consideration
are waived. The previous question shall be considered as
ordered on the joint resolution of disapproval to its passage
without intervening motion except 2 hours of debate equally
divided and controlled by the proponent and an opponent. A
motion to reconsider the vote on passage of the joint
resolution of disapproval shall not be in order.
(4) Consideration in the senate.--
(A) Committee referral.--A joint resolution of disapproval
introduced in the Senate shall be referred to the appropriate
committee of the Senate.
(B) Reporting and discharge.--If the appropriate committee
of the Senate has not reported the joint resolution within 10
calendar days after the date of referral of the joint
resolution, that committee shall be discharged from further
consideration of the joint resolution and the joint
resolution shall be placed on the appropriate calendar.
(C) Proceeding to consideration.--Notwithstanding Rule XXII
of the Standing Rules of the Senate, it is in order at any
time after the appropriate committee of the Senate reports a
joint resolution of disapproval to the Senate or has been
discharged from consideration of such a joint resolution to
move to proceed to the consideration of the joint resolution,
and all points of order against the joint resolution (and
against consideration of the joint resolution) are waived.
The motion to proceed is not debatable. The motion is not
subject to a motion to postpone. A motion to reconsider the
vote by which the motion is agreed to or disagreed to shall
not be in order. Approval by the Senate of a motion to
proceed to a joint resolution of disapproval shall require
the affirmative vote of three-fifths of Members of the
Senate, duly chosen and sworn.
(D) Consideration.--Consideration in the Senate of a joint
resolution of disapproval and of all debatable motions and
appeals in connection therewith shall not exceed a total of
10 hours, which shall be divided equally between the majority
and minority leaders or their designees. Any debatable motion
or appeal is debatable for not to exceed 1 hour, to be
divided equally between those favoring and those opposing the
motion or appeal.
(E) No amendments or motions.--An amendment to a joint
resolution of disapproval, a motion to postpone, a motion to
proceed to the consideration of other business, or a motion
to recommit the joint resolution is not in order.
(F) Vote on joint resolution.--If the Senate has voted to
proceed to a joint resolution of disapproval, the vote on
approval of the joint resolution shall occur immediately
following the conclusion of consideration of the joint
resolution, and a single quorum call if requested. Approval
by the Senate of a joint resolution of disapproval shall
require the affirmative vote of three-fifths of Members of
the Senate, duly chosen and sworn.
(G) Consideration of veto messages.--Consideration in the
Senate of any veto message with respect to a joint resolution
of disapproval, including all debatable motions and appeals
in connection with the joint resolution, shall be limited to
10 hours, to be equally divided between, and controlled by,
the majority leader and the minority leader or their
designees.
(5) Treatment of house joint resolution in senate.--
(A) If, before the passage by the Senate of a joint
resolution of disapproval, the Senate receives an identical
joint resolution from the House of Representatives, the
following procedures shall apply:
(i) That joint resolution shall not be referred to a
committee.
(ii) With respect to that joint resolution--
(I) the procedure in the Senate shall be the same as if no
joint resolution had been received from the House of
Representatives; but
(II) the vote on passage shall be on the joint resolution
from the House of Representatives.
(B) If the Senate passes a joint resolution of disapproval
before receiving a joint resolution of disapproval from the
House of Representatives, the joint resolution passed by the
Senate shall be held at the desk pending receipt of the joint
resolution from the House of Representatives. Upon receipt of
a joint resolution from the House of Representatives that is
identical to the joint resolution passed by the Senate, the
Senate shall proceed to its immediate consideration and the
joint resolution shall be considered read a third time and
passed and the motion to reconsider be considered made and
laid upon the table with no intervening action or debate.
(C) If a joint resolution of disapproval is received from
the House, and no companion joint resolution has been
introduced in the Senate, the Senate procedures under this
subsection shall apply to the House joint resolution.
(6) Rules of house of representatives and senate.--This
subsection is enacted by Congress--
(A) as an exercise of the rulemaking power of the Senate
and the House of Representatives, respectively, and as such
is deemed a part of the rules of each House, respectively,
and supersedes other rules only to the extent that it is
inconsistent with such rules; and
(B) with full recognition of the constitutional right of
either House to change the rules (so far as relating to the
procedure of that House) at any time, in the same manner, and
to the same extent as in the case of any other rule of that
House.
(7) Definitions.--In this subsection:
(A) Appropriate committee of the house of
representatives.--The term ``appropriate committee of the
House of Representatives'' means--
[[Page S4346]]
(i) with respect to the termination of a duty under section
112 or 113, the Committee on Ways and Means of the House of
Representatives;
(ii) with respect to the termination of any sanction or
restriction under any of sections 102 through 111 that is
intended to significantly alter United States foreign policy
with regard to the Russian Federation, the Committee on
Foreign Affairs of the House of Representatives; or
(iii) with respect to the termination of any sanction or
restriction under any of sections 102 through 111 that is not
intended to significantly alter United States foreign policy
with regard to the Russian Federation, the Committee on
Financial Services of the House of Representatives.
(B) Appropriate committee of the senate.--The term
``appropriate committee of the Senate'' means--
(i) with respect to the termination of a duty under section
112 or 113, the Committee on Finance of the Senate;
(ii) with respect to the termination of any sanction or
restriction under any of sections 102 through 111 that is
intended to significantly alter United States foreign policy
with regard to the Russian Federation, the Committee on
Foreign Relations of the Senate; or
(iii) with respect to the termination of any sanction or
restriction under any of sections 102 through 111 that is not
intended to significantly alter United States foreign policy
with regard to the Russian Federation, the Committee on
Banking, Housing, and Urban Affairs of the Senate.
TITLE II--OTHER MATTERS
SEC. 201. EXTENSION OF THE IRAN SANCTIONS ACT OF 1996.
Section 13(b) of the Iran Sanctions Act of 1996 (Public Law
104-172; 50 U.S.C. 1701 note) is amended by striking ``2026''
and inserting ``2031''.
SEC. 202. SEVERABILITY.
If any provision of this division, or the application of
any such provision to any person or circumstance, is held to
be unconstitutional, the remainder of the provisions of this
division, and the application of those provisions to any
other person or circumstance, shall not be affected.
SEC. 203. SUNSET.
This division (other than section 201) shall terminate on
the date that is 5 years after the date of the enactment of
this Act.
DIVISION B--SUPPORTING EARLY-CHILDHOOD EDUCATORS' DEDUCTIONS
______
SA 6712. Mrs. BRITT (for Ms. Graham (for herself and Mr. Blumenthal))
submitted an amendment intended to be proposed by Mrs. Britt to the
bill H.R. 5334, to amend the Internal Revenue Code of 1986 to allow
early childhood educators to take the educator expense deduction, and
for other purposes; which was ordered to lie on the table; as follows:
Amend the title so as to read: ``An Act to impose sanctions
and other measures with respect to the Russian Federation, as
championed by the late Senator Lindsey O. Graham, and for
other purposes.''.
______
SA 6713. Ms. HIRONO submitted an amendment intended to be proposed by
her to the bill H.R. 5334, to amend the Internal Revenue Code of 1986
to allow early childhood educators to take the educator expense
deduction, and for other purposes; which was ordered to lie on the
table; as follows:
At the appropriate place, insert the following:
SEC. ___. PROHIBITION ON PREDICTION MARKET PARTICIPATION BY
CERTAIN EXECUTIVE BRANCH INDIVIDUALS.
(a) Definitions.--In this section:
(1) Cabinet official.--The term ``Cabinet official''
means--
(A) an individual serving in a position at level I of the
Executive Schedule under section 5312 of title 5, United
States Code; and
(B) any other individual who occupies a position designated
by the President as a Cabinet-level position.
(2) Covered individual.--
(A) In general.--The term ``covered individual'' means--
(i) the President;
(ii) the Vice President;
(iii) any Cabinet official; and
(iv) any immediate family member of an individual described
in clause (i), (ii), or (iii).
(B) Immediate family member.--For purposes of subparagraph
(A), the term ``immediate family member'' means a spouse, a
parent, or a child of an individual described in clause (i),
(ii), or (iii) of that subparagraph.
(b) Prohibition.--No covered individual may enter into, or
offer to enter into, an agreement, contract, swap, or
transaction that provides for any purchase, sale, payment, or
delivery of an excluded commodity, as defined in section 1a
of the Commodity Exchange Act (7 U.S.C. 1a), that is
dependent on the occurrence, nonoccurrence, or the extent of
the occurrence of a specific event or contingency.
(c) Enforcement.--
(1) In general.--The Attorney General, or the attorney
general of any State, may bring a civil action seeking relief
for a violation of subsection (b) in an appropriate district
court of the United States.
(2) Penalties.--Any covered individual who violates
subsection (b) shall be liable to the United States for--
(A) a civil penalty that does not exceed $50,000 per
violation;
(B) disgorgement of any profit from the violation to the
Treasury of the United States; or
(C) both.
(d) Rule of Construction.--Nothing in this section shall be
construed to apply to insurance for which the insured holds a
lawful insurable interest.
______
SA 6714. Ms. CANTWELL submitted an amendment intended to be proposed
to amendment SA 6711 submitted by Mrs. Britt (for Ms. Graham (for
herself and Mr. Blumenthal)) and intended to be proposed to the bill
H.R. 5334, to amend the Internal Revenue Code of 1986 to allow early
childhood educators to take the educator expense deduction, and for
other purposes; which was ordered to lie on the table; as follows:
In section 113, insert after subsection (e) the following:
(f) Review of Imposition of Duties.--
(1) Notification requirement.--Not later than 48 hours
after imposing or increasing a duty with respect to an
article imported into the United States under this section,
the President shall submit to Congress a notification of the
imposition of or increase in the duty that includes--
(A) an explanation of the reasoning for imposing or
increasing the duty; and
(B) an assessment of the potential impact of imposing or
increasing the duty on United States businesses and
consumers.
(2) Expiration of duties; extension by congress.--Any duty
imposed or increased under this section shall remain in
effect for a period of not more than 60 days, unless there is
enacted into law a joint resolution of approval with respect
to the duty under paragraph (4).
(3) Disapproval by congress.--If a joint resolution of
disapproval with respect to a duty imposed or increased under
this section is enacted into law under paragraph (4), the
duty shall cease to have force or effect.
(4) Joint resolutions.--
(A) Definitions.--In this subsection:
(i) Joint resolution of approval.--The term ``joint
resolution of approval'' means a joint resolution the sole
matter after the resolving clause of which is as follows:
``That Congress approves the duty imposed or increased under
section 113 of the Lindsey O. Graham Sanctioning Russia Act
of 2026 with respect to ___, notice of which was submitted to
Congress on ______.'', with the first blank space being
filled with a description of the article and the second blank
space being filled with the date of the notification under
paragraph (1).
(ii) Joint resolution of disapproval.--The term ``joint
resolution of disapproval'' means a joint resolution the sole
matter after the resolving clause of which is as follows:
``That Congress disapproves the duty imposed or increased
under section 113 of the Lindsey O. Graham Sanctioning Russia
Act of 2026 with respect to ___, notice of which was
submitted to Congress on ______.'', with the first blank
space being filled with a description of the article and the
second blank space being filled with the date of the
notification under paragraph (1).
(B) Introduction.--
(i) Joint resolution of approval.--A joint resolution of
approval may be introduced in either House of Congress by any
Member during the 60-day period described in paragraph (2).
(ii) Joint resolution of disapproval.--A joint resolution
of disapproval may be introduced in either House of Congress
by any Member at any time after the submission of a
notification under paragraph (1).
(C) Expedited procedures.--The provisions of subsections
(b) through (f) of section 152 (19 U.S.C. 2192) apply to a
joint resolution of approval or joint resolution of
disapproval to the same extent that such subsections apply to
joint resolutions under section 152.
(D) Rules of the senate and the house of representatives.--
This paragraph is enacted by Congress--
(i) as an exercise of the rulemaking power of the Senate
and the House of Representatives, respectively, and as such
is deemed a part of the rules of each House, respectively,
but applicable only with respect to the procedure to be
followed in that House in the case of a joint resolution of
approval, and supersedes other rules only to the extent that
it is inconsistent with such rules; and
(ii) with full recognition of the constitutional right of
either House to change the rules (so far as relating to the
procedure of that House) at any time, in the same manner, and
to the same extent as in the case of any other rule of that
House.
______
SA 6715. Mr. PAUL (for himself, Mr. Wyden, Ms. Cantwell, Ms. Hirono,
Mr. Warnock, Mr. Schiff, Mr. Padilla, Mr. Kim, and Mrs. Murray)
submitted an amendment intended to be proposed to amendment SA 6711
submitted by Mrs. Britt (for Ms. Graham (for herself and Mr.
Blumenthal)) and intended to be proposed to the bill H.R. 5334, to
amend the Internal Revenue Code of 1986 to allow early childhood
educators
[[Page S4347]]
to take the educator expense deduction, and for other purposes; which
was ordered to lie on the table; as follows:
Strike sections 113 through 117 of the amendment and
insert the following:
SEC. 113. EXCEPTIONS.
(a) Exception for Humanitarian Assistance.--
(1) In general.--Sanctions and other measures under this
title shall not apply to--
(A) the conduct or facilitation of a transaction for the
provision of agricultural commodities, food, medicine,
medical devices, humanitarian assistance, or for humanitarian
purposes; or
(B) transactions that are necessary for, or related to, the
activities described in subparagraph (A).
(2) Rule of interpretation.--This subsection should be
interpreted to apply to an entity carrying out any
internationally recognized agreement with the Government of
Ukraine for the sale or provision of agricultural
commodities, food, medicine, or medical devices to and from
Ukraine unless the President determines that the agreement is
being used to evade sanctions imposed by the United States,
the United Kingdom, the European Union, or the Group of 7.
(3) Definitions.--In this subsection:
(A) Agricultural commodity.--The term ``agricultural
commodity'' has the meaning given such term in section 102 of
the Agricultural Trade Act of 1978 (7 U.S.C. 5602).
(B) Medical device.--The term ``medical device'' has the
meaning given the term ``device'' in section 201 of the
Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321).
(C) Medicine.--The term ``medicine'' has the meaning given
the term ``drug'' in section 201 of the Federal Food, Drug,
and Cosmetic Act (21 U.S.C. 321).
(b) Exception for Intelligence and Law Enforcement
Activities.--This title shall not apply with respect to
activities subject to the reporting requirements under title
V of the National Security Act of 1947 (50 U.S.C. 3091 et
seq.) or to carry out or assist any authorized intelligence
or law enforcement activities of the United States.
(c) Exception To Comply With International Obligations.--
Sanctions under this title shall not apply to the admission
or parole of an alien into the United States if such
admission or parole is necessary to comply with United States
obligations under the Agreement between the United Nations
and the United States of America regarding the Headquarters
of the United Nations, signed at Lake Success June 26, 1947,
and entered into force November 21, 1947, or under the
Convention on Consular Relations, done at Vienna April 24,
1963, and entered into force March 19, 1967, or other
international obligations.
(d) Exception To Comply With Civilian Nuclear Cooperation
Agreements.--This title shall not apply to activities carried
out under an agreement for cooperation between the United
States and the Russian Federation entered into under section
123 of the Atomic Energy Act of 1954 (42 U.S.C. 2153).
(e) Exception for Certain Imports of Low-Enriched Uranium
for Nuclear Reactors.--This title shall not apply with
respect to imports into the United States of low-enriched
uranium described in paragraph (1) of section 3112A(d) of the
USEC Privatization Act (42 U.S.C. 2297h-10a(d)) or medical
isotopes for which a waiver has been issued under paragraph
(2) of that section.
(f) Exception for Official Government Business.--This title
shall not apply to transactions for the conduct of official
business of the United States Government (including
transactions necessary for the operation of the United States
embassy or United States consulates in the Russian
Federation) or the United Nations (including its specialized
agencies, programs, funds, and related organizations) by
employees, grantees, or contractors thereof.
(g) Exception for Non-Russian Oil That Transits Russian
Territory.--This title shall not apply to oil originating in
a country other than the Russian Federation that transits the
territory of the Russian Federation, or to any entity that
transports such oil, for export to international markets.
(h) General Licenses.--
(1) In general.--This title shall not apply with respect to
a United States person that is operating under the terms of a
general license issued by the Department of the Treasury
before the date of the enactment of this Act.
(2) Rule of construction.--Nothing in this title shall be
construed to affect the terms of a general license described
in paragraph (1), the authority of United States persons to
continue to operate under such a license, or the authority of
the Secretary of the Treasury to extend or issue new general
licenses.
(i) Exception for Winddown Operations.--During the 270-day
period beginning on the date of the enactment of this Act,
sanctions under this title shall not apply with respect to--
(1) an activity related to the winddown or divestiture of
operations in the Russian Federation by an entity located in
the Russian Federation that is not owned or controlled,
directly or indirectly, by a Russian person; or
(2) an entity located in the Russian Federation that is
owned or controlled, directly or indirectly, by a United
States person if that United States person is engaged in good
faith efforts to winddown or divest operations in the Russian
Federation, including providing ongoing operational support
to wind down or divest operations.
(j) Exception for Safety of Vessels and Crew.--Sanctions
under this title shall not apply with respect to a person
providing provisions to a vessel otherwise subject to
sanctions under this title if such provisions are intended--
(1) for the safety and care of the crew aboard the vessel;
(2) for the protection of human life aboard the vessel; or
(3) to avoid any environmental or other significant damage.
(k) Exception Relating to Activities of the National
Aeronautics and Space Administration.--
(1) In general.--This title shall not apply with respect to
activities of the National Aeronautics and Space
Administration.
(2) Rule of construction.--Nothing in this title shall be
construed to authorize the imposition of any sanction or
other condition, limitation, restriction, prohibition, or
other measure, that directly or indirectly impedes the supply
by any entity of the Russian Federation of any product or
service, or the procurement of such product or service by any
contractor or subcontractor of the United States or any other
entity, relating to or in connection with any space launch
conducted for--
(A) the National Aeronautics and Space Administration; or
(B) any other non-Department of Defense customer.
SEC. 114. WAIVER.
(a) In General.--The President may, subject to subsection
(b), waive the application of any sanctions provision with
respect to a foreign person, any restriction with respect to
a person, or any duty under this title.
(b) Reports Required.--
(1) In general.--Before issuing a waiver under subsection
(a), the President shall submit to Congress--
(A) a certification in writing that the issuance of the
waiver is in the national interests of the United States; and
(B) a report explaining the basis for the certification.
(2) Consolidation of reports.--If the President is issuing
more than one waiver of a section of this title, the
President may include, in one report submitted under
paragraph (1), the certifications and explanations required
by that paragraph with respect to each such waiver, as long
as all of such certifications and explanations relate to a
waiver of the same section of this title.
(3) Form of report.--Each report required by paragraph (1)
shall be submitted in unclassified form but may include a
classified annex.
SEC. 115. SANCTIONS IMPLEMENTATION AND PENALTIES.
(a) Implementation.--The President may exercise all
authorities provided under sections 203 and 205 of the
International Emergency Economic Powers Act (50 U.S.C. 1702
and 1704) to carry out sections 102 through 111.
(b) Penalties.--The penalties provided for in subsections
(b) and (c) of section 206 of the International Emergency
Economic Powers Act (50 U.S.C. 1705) shall apply to any
person that violates, attempts to violate, conspires to
violate, or causes a violation of any prohibition under any
of sections 102 through 111, or an order or regulation
prescribed under any of such sections, to the same extent
that such penalties apply to a person that commits an
unlawful act described in subsection (a) of that section.
SEC. 116. TERMINATION.
(a) In General.--Subject to subsection (b), the President
may terminate the application of any sanction with respect to
a foreign person, any restriction with respect to a person,
or any duty under this title, if the President submits to
Congress a report--
(1) certifying in writing that--
(A) in the case of the termination of the application of a
sanction, restriction, or duty with respect to a Russian
person or the Russian Federation, the Russian Federation
has--
(i) signed a peace agreement that is accepted by the free
and independent Government of Ukraine; and
(ii) ceased all military hostilities against and any
activities to overthrow, dismantle, and subvert the
Government of Ukraine; or
(B) in the case of the termination of the application of a
sanction or restriction with respect to any foreign person or
foreign country (other than a Russian person or the Russian
Federation)--
(i) the foreign person or the government of the foreign
country, as the case may be, is not engaging in the activity
that was the basis for the sanctions or other measures being
terminated; and
(ii) the President has received reliable assurances that
the foreign person or the government of the foreign country,
as the case may be, will not knowingly engage in activity
subject to sanctions or other measures under this title in
the future; and
(2) that includes, in the case of a report not relating to
the termination of a duty under section 112, a determination
of whether the termination is intended to significantly alter
United States foreign policy with regard to the Russian
Federation.
(b) Period for Review by Congress.--
(1) In general.--During the period of 30 calendar days
beginning on the date on which the President submits a report
under subsection (a) with respect to the termination of the
application of a sanction, restriction, or duty under this
title, the termination shall not take effect. If, after the
end
[[Page S4348]]
of that period, a joint resolution of disapproval with
respect to the termination has not been enacted into law
under subsection (c), the termination may take effect.
(2) Consideration by congress.--During the period described
in paragraph (1), the appropriate committee of the Senate and
the appropriate committee of the House of Representatives
should, as appropriate, hold hearings and briefings and
otherwise obtain information in order to fully review the
report.
(3) Exception.--The period for congressional review under
paragraph (1) of a report required to be submitted under
subsection (a) shall be 60 calendar days if the report is
submitted on or after July 10 and on or before September 7 in
any calendar year.
(c) Joint Resolution of Disapproval.--
(1) Joint resolution of disapproval defined.--In this
subsection, the term ``joint resolution of disapproval''
means only a joint resolution of either House of Congress the
sole matter after the resolving clause of which is as
follows: ``That Congress disapproves of the termination of
the application of section __ of the Lindsey O. Graham
Sanctioning Russia and Iran Act of 2026, with respect to
which the President submitted a report on ___.'', with the
first blank space being filled with the appropriate section
number and the second blank space being filled with the
appropriate date.
(2) Introduction.--During the period of 30 calendar days
provided for under subsection (b)(1), including any
additional period as applicable under the exception provided
in subsection (b)(3), a joint resolution of disapproval may
be introduced--
(A) in the House of Representatives, by the majority leader
or the minority leader; and
(B) in the Senate, by the majority leader (or a designee of
the majority leader) or the minority leader (or a designee of
the minority leader).
(3) Consideration in house of representatives.--
(A) Reporting and discharge.--Any committee of the House of
Representatives to which a joint resolution of disapproval is
referred shall report it to the House of Representatives
without amendment not later than 10 calendar days after the
date of referral. If a committee fails to report the joint
resolution within that period, the committee shall be
discharged from further consideration of the joint resolution
and the joint resolution shall be referred to the appropriate
calendar.
(B) Proceeding to consideration.--After each committee
authorized to consider a joint resolution of disapproval
reports it to the House of Representatives or has been
discharged from its consideration, it shall be in order to
move to proceed to consider the joint resolution of
disapproval in the House of Representatives. All points of
order against the motion are waived. The previous question
shall be considered as ordered on the motion to its adoption
without intervening motion. The motion shall not be
debatable. A motion to reconsider the vote by which the
motion is disposed of shall not be in order.
(C) Consideration.--The joint resolution of disapproval
shall be considered as read. All points of order against the
joint resolution of disapproval and against its consideration
are waived. The previous question shall be considered as
ordered on the joint resolution of disapproval to its passage
without intervening motion except 2 hours of debate equally
divided and controlled by the proponent and an opponent. A
motion to reconsider the vote on passage of the joint
resolution of disapproval shall not be in order.
(4) Consideration in the senate.--
(A) Committee referral.--A joint resolution of disapproval
introduced in the Senate shall be referred to the appropriate
committee of the Senate.
(B) Reporting and discharge.--If the appropriate committee
of the Senate has not reported the joint resolution within 10
calendar days after the date of referral of the joint
resolution, that committee shall be discharged from further
consideration of the joint resolution and the joint
resolution shall be placed on the appropriate calendar.
(C) Proceeding to consideration.--Notwithstanding Rule XXII
of the Standing Rules of the Senate, it is in order at any
time after the appropriate committee of the Senate reports a
joint resolution of disapproval to the Senate or has been
discharged from consideration of such a joint resolution to
move to proceed to the consideration of the joint resolution,
and all points of order against the joint resolution (and
against consideration of the joint resolution) are waived.
The motion to proceed is not debatable. The motion is not
subject to a motion to postpone. A motion to reconsider the
vote by which the motion is agreed to or disagreed to shall
not be in order. Approval by the Senate of a motion to
proceed to a joint resolution of disapproval shall require
the affirmative vote of three-fifths of Members of the
Senate, duly chosen and sworn.
(D) Consideration.--Consideration in the Senate of a joint
resolution of disapproval and of all debatable motions and
appeals in connection therewith shall not exceed a total of
10 hours, which shall be divided equally between the majority
and minority leaders or their designees. Any debatable motion
or appeal is debatable for not to exceed 1 hour, to be
divided equally between those favoring and those opposing the
motion or appeal.
(E) No amendments or motions.--An amendment to a joint
resolution of disapproval, a motion to postpone, a motion to
proceed to the consideration of other business, or a motion
to recommit the joint resolution is not in order.
(F) Vote on joint resolution.--If the Senate has voted to
proceed to a joint resolution of disapproval, the vote on
approval of the joint resolution shall occur immediately
following the conclusion of consideration of the joint
resolution, and a single quorum call if requested. Approval
by the Senate of a joint resolution of disapproval shall
require the affirmative vote of three-fifths of Members of
the Senate, duly chosen and sworn.
(G) Consideration of veto messages.--Consideration in the
Senate of any veto message with respect to a joint resolution
of disapproval, including all debatable motions and appeals
in connection with the joint resolution, shall be limited to
10 hours, to be equally divided between, and controlled by,
the majority leader and the minority leader or their
designees.
(5) Treatment of house joint resolution in senate.--
(A) If, before the passage by the Senate of a joint
resolution of disapproval, the Senate receives an identical
joint resolution from the House of Representatives, the
following procedures shall apply:
(i) That joint resolution shall not be referred to a
committee.
(ii) With respect to that joint resolution--
(I) the procedure in the Senate shall be the same as if no
joint resolution had been received from the House of
Representatives; but
(II) the vote on passage shall be on the joint resolution
from the House of Representatives.
(B) If the Senate passes a joint resolution of disapproval
before receiving a joint resolution of disapproval from the
House of Representatives, the joint resolution passed by the
Senate shall be held at the desk pending receipt of the joint
resolution from the House of Representatives. Upon receipt of
a joint resolution from the House of Representatives that is
identical to the joint resolution passed by the Senate, the
Senate shall proceed to its immediate consideration and the
joint resolution shall be considered read a third time and
passed and the motion to reconsider be considered made and
laid upon the table with no intervening action or debate.
(C) If a joint resolution of disapproval is received from
the House, and no companion joint resolution has been
introduced in the Senate, the Senate procedures under this
subsection shall apply to the House joint resolution.
(6) Rules of house of representatives and senate.--This
subsection is enacted by Congress--
(A) as an exercise of the rulemaking power of the Senate
and the House of Representatives, respectively, and as such
is deemed a part of the rules of each House, respectively,
and supersedes other rules only to the extent that it is
inconsistent with such rules; and
(B) with full recognition of the constitutional right of
either House to change the rules (so far as relating to the
procedure of that House) at any time, in the same manner, and
to the same extent as in the case of any other rule of that
House.
(7) Definitions.--In this subsection:
(A) Appropriate committee of the house of
representatives.--The term ``appropriate committee of the
House of Representatives'' means--
(i) with respect to the termination of a duty under section
112, the Committee on Ways and Means of the House of
Representatives;
(ii) with respect to the termination of any sanction or
restriction under any of sections 102 through 111 that is
intended to significantly alter United States foreign policy
with regard to the Russian Federation, the Committee on
Foreign Affairs of the House of Representatives; or
(iii) with respect to the termination of any sanction or
restriction under any of sections 102 through 111 that is not
intended to significantly alter United States foreign policy
with regard to the Russian Federation, the Committee on
Financial Services of the House of Representatives.
(B) Appropriate committee of the senate.--The term
``appropriate committee of the Senate'' means--
(i) with respect to the termination of a duty under section
112, the Committee on Finance of the Senate;
(ii) with respect to the termination of any sanction or
restriction under any of sections 102 through 111 that is
intended to significantly alter United States foreign policy
with regard to the Russian Federation, the Committee on
Foreign Relations of the Senate; or
(iii) with respect to the termination of any sanction or
restriction under any of sections 102 through 111 that is not
intended to significantly alter United States foreign policy
with regard to the Russian Federation, the Committee on
Banking, Housing, and Urban Affairs of the Senate.
______
SA 6716. Mr. WELCH submitted an amendment intended to be proposed to
amendment SA 6711 submitted by Mrs. Britt (for Ms. Graham (for herself
and Mr. Blumenthal)) and intended to be proposed to the bill H.R. 5334,
to amend the Internal Revenue Code of 1986 to allow early childhood
educators to take the educator expense deduction,
[[Page S4349]]
and for other purposes; which was ordered to lie on the table; as
follows:
Strike section 113 of the amendment and insert the
following:
SEC. 113. DUTIES ON COUNTRIES THAT PURCHASE RUSSIAN-ORIGIN
CRUDE OIL OR NATURAL GAS.
(a) In General.--Not later than 30 days after the date of
the enactment of this Act, the President shall,
notwithstanding any other provision of law, increase the rate
of duty for all goods imported into the United States from a
country described in subsection (c) (and only from a country
described in subsection (c)) to a rate of up to 100 percent
ad valorem.
(b) Modification to Rate of Duty.--At any time after the
initial imposition of duties under subsection (a) or (e), the
United States Trade Representative shall modify or adjust any
rate of duty imposed under subsection (a) or (e) to a rate
greater than zero and up to 100 percent ad valorem upon
submitting a written determination to the appropriate
congressional committees that a country described in
subsection (c) has taken significant steps--
(1) to increase the importation, sale, supply, transfer, or
purchase of crude oil or natural gas that originated in the
Russian Federation; or
(2) to decrease or cease engaging in the importation, sale,
supply, transfer, or purchase of such crude oil or natural
gas.
(c) Country Described.--A country described in this
subsection is a foreign country that--
(1) knowingly made new purchases of crude oil or natural
gas that originated in the Russian Federation on a date that
is on or after 30 days after the date of enactment of this
Act; and
(2) was among the 5 largest importers, by total volume, of
crude oil or natural gas that originated in the Russian
Federation during the most recent 12-month period preceding
the date of the enactment of this Act.
(d) Exception.--A duty shall not be imposed under this
section with respect to goods imported from a country
described in subsection (c) for the importation by that
country of natural gas that originated in the Russian
Federation if--
(1) that country's total imports of natural gas that
originated in the Russian Federation during the 12-month
period described in subsection (c)(2) were less than 15
percent of the total annual exports of natural gas from the
Russian Federation during that period; and
(2) that country has taken significant steps to reduce its
imports of natural gas that originated in the Russian
Federation.
(e) Subsequent Determinations.--Not later than 180 days
after the initial imposition of duties under subsection (a),
and every 180 days thereafter, the United States Trade
Representative, in consultation with the Secretary of State
and the Secretary of Energy, shall--
(1) determine, based on the most recent 12-month period
preceding the determination, the countries that are--
(A) the 5 largest importers of crude oil, by total volume,
originating in the Russian Federation; and
(B) the 5 largest importers of natural gas, by total
volume, originating in the Russian Federation; and
(2) impose duties pursuant to subsection (a) with respect
to goods imported from those countries.
(f) Duty Rate in Addition to Other Duties, Fees, Taxes,
Exactions, or Charges.--A rate of duty imposed under this
section with respect to a good imported from a country
described in subsection (c) shall be in addition to any other
duty, fee, tax, exaction, or charge applicable with respect
to the good, including any duty imposed under title VII of
the Tariff Act of 1930 (19 U.S.C. 1671 et seq.), section 122,
201, or 301 of the Trade Act of 1974 (19 U.S.C. 2132, 2251,
and 2411), or section 232 of the Trade Expansion Act of 1962
(19 U.S.C. 1862).
(g) Methodology, Documentation, and Reports.--
(1) Reports required.--Not later than 10 days before
imposing a duty under subsection (a) or (e), or modifying or
adjusting the rate of such a duty under subsection (b), the
President or the United States Trade Representative shall
submit to the appropriate congressional committees a written
justification for the duty that--
(A) provides a substantive rationale for the determination
of the rate of duty imposed under subsection (a) or (e) or
the modification or adjustment made pursuant to subsection
(b), as the case may be; and
(B) details the methodology used to determine that the
country subject to the duty is a country described in
subsection (c).
(2) Determinations of imports of crude oil and natural
gas.--For the purposes of determining whether a country is an
importer of crude oil or natural gas described in subsection
(c)(1)--
(A) crude oil is the substance described in Harmonized
System code 2709; and
(B) natural gas is the substance described in Harmonized
System code 2711.
(h) Rule of Construction.--Notwithstanding section 115,
nothing in this Act shall be construed to authorize the
imposition of duties with respect to goods imported from any
country not expressly described in subsection (c) or the
Russian Federation.
(i) Definitions.--In this section:
(1) Appropriate congressional committees.--The term
``appropriate congressional committees'' means--
(A) the Committee on Finance, the Committee on Foreign
Relations, and the Committee on Banking, Housing, and Urban
Affairs of the Senate; and
(B) the Committee on Ways and Means, the Committee on
Foreign Affairs, and the Committee on Financial Services of
the House of Representatives.
(2) Natural gas.--Except as provided by subsection (g)(2),
the term ``natural gas'' means natural gas, whether unmixed
or any mixture of natural and artificial gas, including
liquefied natural gas.
______
SA 6717. Mr. KENNEDY submitted an amendment intended to be proposed
by him to the bill H.R. 5334, to amend the Internal Revenue Code of
1986 to allow early childhood educators to take the educator expense
deduction, and for other purposes; which was ordered to lie on the
table; as follows:
At the end of title II of the amendment, add the
following:
SEC. 204. REPORT ON THE RUSSIAN FEDERATION'S PERSECUTION OF
RELIGIOUS GROUPS IN OCCUPIED TERRITORIES OF
UKRAINE; IMPOSITION OF SANCTIONS.
(a) Report Required.--
(1) In general.--Not later than 120 days after the date of
the enactment of this Act, and annually thereafter for 3
years, the Secretary of State, in coordination with the
Director of National Intelligence and the Secretary of the
Treasury, shall jointly submit to the appropriate
congressional committees a report that includes--
(A) a detailed description of the Government of the Russian
Federation and its state-affiliated, quasi-state, or
occupation-era activities that involve the persecution or
suppression of, or discrimination against, or otherwise
directly or indirectly involve engaging in or facilitating
serious human rights abuse against, Christians, Jews, and
Muslims (including Crimean Tatars), and other religious
minorities not affiliated with the Russian Orthodox Church or
its subordinate Ukrainian Orthodox Church of the Moscow
Patriarchate, and their respective religious organizations in
Russian-occupied territories of Ukraine;
(B) an identification of churches, synagogues, mosques,
other religious facilities, including Christian, Jewish,
Muslim, and other minority religious institutions, that have
been destroyed, damaged, seized, repurposed, or otherwise
appropriated directly or indirectly by persons operating for
or on behalf of the Government of the Russian Federation in
occupied territories of Ukraine;
(C) an assessment of--
(i) the number of Christians, Jews, Muslims (including
Crimean Tatars), and other religious minorities who are not
affiliated with the Russian Orthodox Church or its
subordinate Ukrainian Orthodox Church of the Moscow
Patriarchate, who have been subjected to persecution,
imprisonment, or forced displacement in occupied territories
of Ukraine;
(ii) restrictions imposed on Christian, Jewish, Muslim, and
other religions not affiliated with the religious practices,
worship services, or religious education of the Russian
Orthodox Church or its subordinate Ukrainian Orthodox Church
of the Moscow Patriarchate in occupied territories;
(iii) efforts to compel Christian organizations to
affiliate with Moscow-based religious institutions or to
suppress Christian activity not affiliated with Moscow-based
religions;
(iv) efforts by the Government of the Russian Federation,
by authorities exercising de facto governmental control in
occupied territory, or by entities or individuals otherwise
affiliated with the Russian Federation, to compel Christian
organizations in Ukraine and in occupied territories--
(I) to affiliate with Moscow-based religious institutions;
or
(II) to suppress Christian, Jewish, Muslim, or any other
denominations not aligned with Russian state interests; and
(v) the overall impact of the Russian Federation's invasion
of Ukraine, and its occupation of Ukrainian territory, on
religious freedom in occupied territories of Ukraine,
including Crimea and Sevastopol; and
(D) a list of individuals and entities affiliated with the
Government of the Russian Federation, or exercising de facto
authority in occupied territory, that--
(i) are responsible for persecution or suppression of, or
discrimination against, Christians, Jews, Muslims, or other
religious minorities in Ukraine and in the occupied
territories of Ukraine; or
(ii) have otherwise engaged in or attempted to engage in
any of the conduct described in this subsection.
(2) Form.--The report required by paragraph (1) shall be
submitted in an unclassified form, but may include a
classified annex.
(b) Imposition of Sanctions.--The President may impose
sanctions pursuant to the International Emergency Economic
Powers Act (50 U.S.C. 1701 et seq.) with respect to each
foreign person on the list required by subsection (a)(1)(D).
(c) Appropriate Congressional Committees Defined.--In this
section, the term ``appropriate congressional committees''
means--
[[Page S4350]]
(1) the Committee on Banking, Housing, and Urban Affairs,
the Committee on Foreign Relations, the Select Committee on
Intelligence, and the Committee on the Judiciary of the
Senate; and
(2) the Committee on Financial Services, the Committee on
Foreign Affairs, the Permanent Select Committee on
Intelligence, and the Committee on the Judiciary of the House
of Representatives.
______
SA 6718. Mr. BENNET submitted an amendment intended to be proposed by
him to the bill S. 4784, to authorize appropriations for fiscal year
2027 for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:
At the end of subtitle D of title XII, add the following:
SEC. 1252. REPORT AND BRIEFINGS ON DEFENSE SYSTEMS FOR CO-
PRODUCTION WITH INDIA.
(a) Report.--
(1) In general.--Not later than one year after the date of
the enactment of this Act, the Secretary of Defense, with the
concurrence of the Secretary of State, shall submit to the
appropriate committees of Congress a report that identifies
defense systems, subsystems, critical components, or
capabilities suitable for co-production or co-development
with India over the subsequent five-year period.
(2) Considerations.--In identifying such systems, the
Secretary of Defense, in coordination with the Secretary of
State, shall consider the following:
(A) Operational demand, and documented capability gaps, of
the United States and India with respect to co-production and
co-development of defense systems, subsystems, critical
components, or capabilities.
(B) With respect to the meaningful participation in such
co-production and co-development, the industrial capacity of
defense firms of India, the Government of India, and any
other relevant entity.
(C) The potential to enhance--
(i) supply chain resilience and United States-India
interoperability; and
(ii) shared development of--
(I) hardware, such as munitions, combat vehicles, and space
technologies; and
(II) capabilities, including software, artificial
intelligence platforms, cyber platforms, and other advanced
technologies.
(D) Technology security and export control requirements
under the Arms Export Control Act (22 U.S.C. 2751 et seq.)
and applicable regulations.
(E) The relationship of the Government of India and the
defense firms of India with the Russian Federation, the
People's Republic of China, Cuba, Iran, the Democratic
People's Republic of Korea, and Venezuela, and the risk of
sensitive technology transfer to such countries.
(3) Strategy to advance co-production.--The report required
by paragraph (1) shall include, for each system identified, a
strategy to advance co-production that includes the
following:
(A) An identification of the proposed co-production or co-
development mechanism, such as Foreign Military Sales, Direct
Commercial Sales, a government-to-government agreement, or
another arrangement.
(B) An identification of key milestones and a timeline for
achieving a co-production or co-development arrangement
within the five-year period covered by the report.
(C) An identification of the lead Department of Defense or
Department of State office responsible for execution of such
arrangement.
(D) A description of known obstacles and steps to address
such obstacles, including any required regulatory, policy, or
legislative changes by the United States.
(4) Form.--The report required by paragraph (1) shall be
submitted in unclassified form but may include a classified
annex.
(b) Briefings.--Not later than two years after the date of
the enactment of this Act, and annually thereafter, the
Secretary of Defense and the Secretary of State shall provide
the appropriate committees of Congress with a briefing on
progress in advancing co-production arrangements for each
system identified under subsection (a)(1), including any
systems removed from or added to the list and the rational
for so doing.
(c) Appropriate Committees of Congress Defined.--The term
appropriate committees of Congress means--
(1) the congressional defense committees;
(2) the Committee on Foreign Relations of the Senate; and
(3) the Committee on Foreign Affairs of the House of
Representatives.
______
SA 6719. Mr. BENNET submitted an amendment intended to be proposed to
amendment SA 6711 submitted by Mrs. Britt (for Ms. Graham (for herself
and Mr. Blumenthal)) and intended to be proposed to the bill H.R. 5334,
to amend the Internal Revenue Code of 1986 to allow early childhood
educators to take the educator expense deduction, and for other
purposes; which was ordered to lie on the table; as follows:
At the end of title II of the amendment, add the
following:
SEC. 204. REPORT AND BRIEFINGS ON DEFENSE SYSTEMS FOR CO-
PRODUCTION WITH INDIA.
(a) Report.--
(1) In general.--Not later than one year after the date of
the enactment of this Act, the Secretary of Defense, with the
concurrence of the Secretary of State, shall submit to the
appropriate committees of Congress a report that identifies
defense systems, subsystems, critical components, or
capabilities suitable for co-production or co-development
with India over the subsequent five-year period.
(2) Considerations.--In identifying such systems, the
Secretary of Defense, in coordination with the Secretary of
State, shall consider the following:
(A) Operational demand, and documented capability gaps, of
the United States and India with respect to co-production and
co-development of defense systems, subsystems, critical
components, or capabilities.
(B) With respect to the meaningful participation in such
co-production and co-development, the industrial capacity of
defense firms of India, the Government of India, and any
other relevant entity.
(C) The potential to enhance--
(i) supply chain resilience and United States-India
interoperability; and
(ii) shared development of--
(I) hardware, such as munitions, combat vehicles, and space
technologies; and
(II) capabilities, including software, artificial
intelligence platforms, cyber platforms, and other advanced
technologies.
(D) Technology security and export control requirements
under the Arms Export Control Act (22 U.S.C. 2751 et seq.)
and applicable regulations.
(E) The relationship of the Government of India and the
defense firms of India with the Russian Federation, the
People's Republic of China, Cuba, Iran, the Democratic
People's Republic of Korea, and Venezuela, and the risk of
sensitive technology transfer to such countries.
(3) Strategy to advance co-production.--The report required
by paragraph (1) shall include, for each system identified, a
strategy to advance co-production that includes the
following:
(A) An identification of the proposed co-production or co-
development mechanism, such as Foreign Military Sales, Direct
Commercial Sales, a government-to-government agreement, or
another arrangement.
(B) An identification of key milestones and a timeline for
achieving a co-production or co-development arrangement
within the five-year period covered by the report.
(C) An identification of the lead Department of Defense or
Department of State office responsible for execution of such
arrangement.
(D) A description of known obstacles and steps to address
such obstacles, including any required regulatory, policy, or
legislative changes by the United States.
(4) Form.--The report required by paragraph (1) shall be
submitted in unclassified form but may include a classified
annex.
(b) Briefings.--Not later than two years after the date of
the enactment of this Act, and annually thereafter, the
Secretary of Defense and the Secretary of State shall provide
the appropriate committees of Congress with a briefing on
progress in advancing co-production arrangements for each
system identified under subsection (a)(1), including any
systems removed from or added to the list and the rational
for so doing.
(c) Appropriate Committees of Congress Defined.--The term
appropriate committees of Congress means--
(1) the congressional defense committees;
(2) the Committee on Foreign Relations of the Senate; and
(3) the Committee on Foreign Affairs of the House of
Representatives.
____________________