[Congressional Record Volume 172, Number 124 (Wednesday, July 29, 2026)]
[Senate]
[Page S4339]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  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.
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