[119th Congress Public Law 111]
[From the U.S. Government Publishing Office]
[[Page 1025]]
LINDSEY O. GRAHAM SANCTIONING RUSSIA
AND IRAN ACT OF 2026
[[Page 140 STAT. 1026]]
Public Law 119-111
119th Congress
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. <<NOTE: Sept. 18, 2026 - [H.R. 5334]>>
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, <<NOTE: Lindsey O.
Graham Sanctioning Russia and Iran Act of 2026.>>
DIVISION A--LINDSEY O. GRAHAM SANCTIONING RUSSIA AND IRAN ACT OF 2026
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
(a) <<NOTE: 22 USC 10801 note.>> 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.
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.
[[Page 140 STAT. 1027]]
TITLE I <<NOTE: Time periods. President.>> --SANCTIONS WITH RESPECT TO
THE RUSSIAN FEDERATION
SEC. <<NOTE: 22 USC 10801.>> 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
[[Page 140 STAT. 1028]]
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
[[Page 140 STAT. 1029]]
(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. <<NOTE: Determinations. 22 USC 10802.>> IMPOSITION OF
SANCTIONS ON CERTAIN PERSONS AFFILIATED
WITH OR SUPPORTING THE GOVERNMENT OF THE
RUSSIAN FEDERATION.
(a) <<NOTE: Deadline.>> 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) <<NOTE: Review.>> 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.
[[Page 140 STAT. 1030]]
(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.
(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
[[Page 140 STAT. 1031]]
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
[[Page 140 STAT. 1032]]
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
[[Page 140 STAT. 1033]]
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.
SEC. 103. <<NOTE: 22 USC 10803.>> IMPOSITION OF SANCTIONS WITH
RESPECT TO FINANCIAL INSTITUTIONS
AFFILIATED WITH THE GOVERNMENT OF THE
RUSSIAN FEDERATION.
(a) <<NOTE: Deadlines.>> Imposition of Sanctions.--
(1) In general.--Not later than 30 days after the date of
the enactment of this Act, the President shall--
[[Page 140 STAT. 1034]]
(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) <<NOTE: Sberbank.>> Sberbank;
(ii) <<NOTE: VTB Bank.>> VTB Bank;
(iii) <<NOTE: Gazprombank.>> 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) <<NOTE: Review.>> 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 <<NOTE: Effective date.>> 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) <<NOTE: Determination.>> 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.
[[Page 140 STAT. 1035]]
(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. <<NOTE: 22 USC 10804.>> IMPOSITION OF SANCTIONS WITH
RESPECT TO OTHER ENTITIES OWNED OR
CONTROLLED BY THE GOVERNMENT OF THE
RUSSIAN FEDERATION.
(a) <<NOTE: Deadline.>> 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) <<NOTE: Review.>> 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) <<NOTE: Determination.>> 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
[[Page 140 STAT. 1036]]
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. <<NOTE: 22 USC 10805.>> PROHIBITION ON TRANSFERS OF
FUNDS INVOLVING THE RUSSIAN FEDERATION.
(a) <<NOTE: Effective date.>> 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. <<NOTE: 22 USC 10806.>> PROHIBITION ON LISTING OR
TRADING OF RUSSIAN ENTITIES ON UNITED
STATES SECURITIES EXCHANGES.
(a) <<NOTE: Deadline.>> 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. <<NOTE: 22 USC 10807. Effective date.>> 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
[[Page 140 STAT. 1037]]
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. <<NOTE: 22 USC 10808.>> PROHIBITION ON ENERGY EXPORTS
TO, AND INVESTMENT IN ENERGY SECTOR OF,
THE RUSSIAN FEDERATION.
(a) Prohibitions on Investment and Exports.--
(1) <<NOTE: Effective date.>> 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) <<NOTE: Determination.>> Sanctions.--The President shall impose
the sanctions described in section 102(e) with 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. <<NOTE: Effective date. 22 USC 10809.>> 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. <<NOTE: Determinations. 22 USC 10810.>> PROHIBITION ON
PROVISION OF SERVICES TO SANCTIONED
FINANCIAL INSTITUTIONS BY INTERNATIONAL
FINANCIAL MESSAGING SYSTEMS.
(a) <<NOTE: Deadline.>> 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) <<NOTE: Review.>> 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--
[[Page 140 STAT. 1038]]
(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) <<NOTE: Waiver authority.>> 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. <<NOTE: Effective dates. Rosatom State Atomic Energy
Corporation. 22 USC 10811.>> 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
[[Page 140 STAT. 1039]]
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. <<NOTE: 22 USC 10812.>> INCREASE IN DUTIES ON GOODS
IMPORTED FROM THE RUSSIAN FEDERATION.
(a) In General.-- <<NOTE: Deadline.>> 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. <<NOTE: 22 USC 10813.>> DUTIES ON COUNTRIES THAT
PURCHASE RUSSIAN-ORIGIN CRUDE OIL OR
NATURAL GAS OR FACILITATE SANCTIONS
EVASION.
(a) <<NOTE: Deadline.>> 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) <<NOTE: Determination.>> 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.
[[Page 140 STAT. 1040]]
(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) <<NOTE: Deadline.>> 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 140 STAT. 1041]]
(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. <<NOTE: 22 USC 10814.>> 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) <<NOTE: Applicability. Ukraine. Determination.>> 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).
[[Page 140 STAT. 1042]]
(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.
[[Page 140 STAT. 1043]]
(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. <<NOTE: 22 USC 10815.>> 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) <<NOTE: Certification.>> 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
[[Page 140 STAT. 1044]]
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. <<NOTE: 22 USC 10816.>> 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) <<NOTE: Applicability.>> 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. 117. <<NOTE: 22 USC 10817.>> TERMINATION.
(a) <<NOTE: Reports.>> 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) <<NOTE: Certification.>> certifying in writing that--
(A) <<NOTE: Ukraine.>> 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
[[Page 140 STAT. 1045]]
(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.
[[Page 140 STAT. 1046]]
(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,
[[Page 140 STAT. 1047]]
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) <<NOTE: Applicability.>> 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
[[Page 140 STAT. 1048]]
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 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. <<NOTE: 22 USC 10801 note.>> 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. <<NOTE: 22 USC 10801 note.>> 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.
[[Page 140 STAT. 1049]]
DIVISION B--SUPPORTING EARLY-CHILDHOOD EDUCATORS' DEDUCTIONS
SEC. 1. EDUCATOR EXPENSE DEDUCTION TO INCLUDE EARLY CHILDHOOD
EDUCATORS.
(a) In General.--Section 62(d)(1) of the Internal Revenue Code of
1986 <<NOTE: 26 USC 62.>> is amended--
(1) in subparagraph (A), by striking ``a kindergarten
through grade 12 teacher'' and inserting ``an early childhood or
kindergarten through grade 12 teacher'', and
(2) in subparagraph (B), to read as follows:
``(B) <<NOTE: Definition.>> School.--The term
`school' means--
``(i) in the case of early childhood
education, any school or childcare facility
which--
``(I) provides educational or
childcare services for more than 2
individuals (other than individuals who
reside at the school or facility) who
have not attained age 6, and
``(II) operates at the public
expense or receives a fee, payment, or
grant for providing such services for
any of the individuals (regardless of
whether such school or facility is
operated for profit), and
``(ii) in the case of elementary education or
secondary education (kindergarten through grade
12), any school which provides such education, as
determined under State law.''.
(b) Conforming Amendment.--Section 62(a)(2)(D) of such Code is
amended by striking ``Certain expenses of elementary and secondary
school teachers'' in the heading and inserting ``Certain expenses of
early childhood, elementary, and secondary school teachers''.
(c) <<NOTE: Applicability. 26 USC 62 note.>> Effective Date.--The
amendments made by this section shall apply to expenses paid or incurred
in taxable years beginning after December 31, 2025.
Approved September 18, 2026.
LEGISLATIVE HISTORY--H.R. 5334:
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HOUSE REPORTS: No. 119-600 (Comm. on Ways and Means).
CONGRESSIONAL RECORD, Vol. 172 (2026):
Apr. 27, considered and passed House.
July 29, Aug. 7, considered and passed Senate, amended.
Sept. 16, House concurred in Senate amendments.
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