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119-hr-7506119th Congress

Decreasing Russian Oil Profits Act of 2026

Sponsored By: Representative McCaul, Michael T. [R-TX-10]

Introduced

Summary

This bill would impose targeted sanctions on foreign persons who buy, import, finance, or otherwise enable Russian-origin crude and petroleum products. It would also create a limited exceptions framework for countries that isolate Russian funds, for payments to support Ukraine, and for short-term port-specific exceptions, with a five-year sunset on the sanctions.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 1 costs, 1 mixed.

Sanctions on foreign buyers of Russian oil

If enacted, this bill would require the President to start imposing sanctions 90 days after enactment on foreign people or companies that buy, import, finance, or otherwise help move crude oil or petroleum products of Russian origin. The sanctions would use authorities under the International Emergency Economic Powers Act to block and prohibit transactions in property of designated foreign persons in, entering, or under the control of U.S. persons. The bill would define key terms for enforcement, including who counts as a "United States person" and what "knowingly" means. The sanctions authority and any sanctions imposed under it would end five years after enactment unless renewed by Congress.

Limited exceptions to oil sanctions

If enacted, the President could allow up to two narrow exception types to the sanctions. Exceptions include deposits per barrel into accounts for Ukraine with strict use, verification, and at least quarterly disbursements plus a 15-day congressional notice and 15-day joint-disapproval window; temporary port-specific exceptions that last up to 270 days and cannot cover ports that made up more than half of Russia's 2024 export capacity; a repeatable 180-day exception for countries that certify they are providing significant economic or military support to Ukraine; and an exception for countries that credit funds owed to Russia into domestic accounts limited to agricultural, food, medicine, or medical-device transactions and that commit to significantly reduce purchases. No exception would apply to activities that facilitate maritime transport of Russian-origin crude or petroleum products purchased above a Treasury-determined price cap (for example, transporting, trading, financing, shipping, insuring, flagging, or customs brokering), and that prohibition applies regardless of where the service provider is organized.

Sponsors & CoSponsors

Sponsor

McCaul, Michael T. [R-TX-10]

TX • R

Cosponsors

  • Rep. Keating, William R. [D-MA-9]

    MA • D

    Sponsored 2/11/2026

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 2/11/2026

  • Rep. Kaptur, Marcy [D-OH-9]

    OH • D

    Sponsored 2/11/2026

  • Rep. Quigley, Mike [D-IL-5]

    IL • D

    Sponsored 2/11/2026

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 2/11/2026

  • Rep. Cohen, Steve [D-TN-9]

    TN • D

    Sponsored 3/27/2026

  • Rep. McBride, Sarah [D-DE-At Large]

    DE • D

    Sponsored 5/20/2026

  • Rep. Kean, Thomas H. [R-NJ-7]

    NJ • R

    Sponsored 6/23/2026

  • Rep. Peters, Scott H. [D-CA-50]

    CA • D

    Sponsored 9/16/2026

Roll Call Votes

No roll call votes available for this bill.

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