Decreasing Russian Oil Profits Act of 2026
Sponsored By: Representative McCaul, Michael T. [R-TX-10]
Introduced
Summary
Sanctions on foreign buyers and facilitators of Russian oil. This bill would let the Treasury, with the State Department, block and prohibit transactions in property of foreign persons who buy, import, finance, or otherwise enable Russian-origin crude oil or petroleum product trade using the President's powers under the International Emergency Economic Powers Act.
Show full summary
- Foreign buyers, traders, and executives: People or firms that purchase or import Russian-origin oil, or whose CEOs or board members oversee such activity, could be targeted for asset-blocking and transaction bans. These sanctions would begin 90 days after enactment.
- Countries that reduce purchases or isolate Russian funds: The President may grant limited exceptions for cooperating countries, but may apply no more than two exception types at once and must follow certification, renewal, and transparency rules.
- Support for Ukraine and port-specific rules: The bill allows deposits into designated accounts to support Ukraine and temporary port exceptions, each with tight reporting, disbursement timelines, congressional notice, and the possibility of congressional disapproval.
The statute also defines key terms, applies sanctions regardless of Group of 7 jurisdiction, and ends the authority and any sanctions five years after enactment.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 0 benefits, 1 costs, 2 mixed.
Block property of Russian-oil actors
If enacted, this bill would require the President to impose blocking sanctions on foreign people tied to purchases or imports of Russian-origin crude oil and petroleum products. The blocking authority would use the International Emergency Economic Powers Act to freeze property in or entering the United States and property controlled by U.S. persons. These sanctions would take effect 90 days after enactment. The sanctions authority would end five years after enactment.
Limited exceptions for Russian oil
If enacted, this bill would let the President allow up to two types of limited exceptions to the sanctions on foreign buyers of Russian-origin oil. Exceptions could include a per-barrel payment into an account for the benefit of Ukraine, country-specific waivers for governments that certify they are supporting Ukraine, domestic-credit accounts used only for food, medicine, and medical devices if a country sharply cuts purchases, and short port-specific waivers for up to 270 days after enactment. Exceptions must meet detailed conditions, be renewed or recertified every 180 days when required, and include reporting and transparency rules. Any exception could not be used for maritime transport or related services when purchases exceed the Treasury-determined price cap. The per-barrel Ukraine account would require periodic disbursements at least every 90 days and could not be transferred if Congress passes a joint resolution blocking it within 15 days of notification.
Definitions for sanctions terms
If enacted, this bill would define key words used to apply the sanctions. "United states person" would include U.S. citizens, lawful permanent residents, entities organized under U.S. law (including foreign branches), and any person located in the United States. "Foreign person" would mean anyone who is not a United states person. "Knowingly" would mean actual knowledge or that a person should have known. These definitions would take effect 90 days after enactment and last for the five-year duration of the sanctions authority.
Sponsors & CoSponsors
Sponsor
McCaul, Michael T. [R-TX-10]
TX • R
Cosponsors
Keating
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
Cohen
TN • D
Sponsored 3/27/2026
Roll Call Votes
No roll call votes available for this bill.
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