Decreasing Russian Oil Profits Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7506 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7506 To impose sanctions with respect to foreign persons dealing in crude oil or petroleum products of Russian Federation origin. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 11, 2026 Mr. McCaul (for himself, Mr. Keating, Mr. Lawler, Ms. Kaptur, Mr. Quigley, and Mr. Gottheimer) introduced the following bill; which was referred to the Committee on Foreign Affairs _______________________________________________________________________ A BILL To impose sanctions with respect to foreign persons dealing in crude oil or petroleum products of Russian Federation origin. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Decreasing Russian Oil Profits Act of 2026''. SEC. 2. IMPOSITION OF SANCTIONS WITH RESPECT TO TRADE IN RUSSIAN ORIGIN PETROLEUM PRODUCTS. (a) In General.--Beginning on the date that is 90 days after the date of the enactment of this Act, the President shall impose the sanctions described in subsection (b) with respect to any foreign person that the Secretary of the Treasury, in consultation with the Secretary of State, determines-- (1) is responsible for or complicit in, or has directly or indirectly engaged or attempted to engage in, the purchase or importation into any country of crude oil or petroleum products of Russian Federation origin; (2) has knowingly facilitated financial transactions related to an activity described in paragraph (1); (3) has materially assisted, sponsored, or provided material support for any activity described in paragraph (1) or (2) by any person with respect to which sanctions have been imposed under paragraph (1) or (2); or (4) is or has been a chief executive officer or member of the board o