Other
Lindsey O. Graham Sanctioning Russia and Iran Act of 2026
This bill cuts off American financial ties with the Russian government by banning U.S. citizens and businesses from making new investments in Russia, purchasing Russian sovereign debt, or conducting transactions with state-owned Russian banks. It freezes U.S.-held assets and cancels U.S. visas for top Russian officials, military leaders, oligarchs, and foreign companies that aid Russia's military or help evade energy trade caps. The measure also places tariffs of up to 500% on Russian goods and up to 100% on goods from top foreign buyers of Russian oil, while extending existing U.S. sanctions against Iran through 2031 and keeping humanitarian exemptions for food and medicine.
People affected—The operative text targets categories of foreign officials, entities, vessels, and financial institutions, but does not provide a determinable numerical count of individuals affected.
Fiscal magnitude—CBO cost estimate published (H.R. 5334, Supporting Early-childhood Educators’ Deductions Act, 2026-04-24); dollar figure pending review extraction — see receipt
Reach82provisional · pending reviewrigor: heuristic llm
What this bill touches.
Aid & alliances+30Trade & tariffs−60
Who it helps · who it burdens.
Who it helps
- Financial institutions holding immobilized Russian sovereign assetsExplicitly permits financial institutions holding immobilized Russian state assets to withhold interest earned on those assets without requirement to return it to Russia, and shields Ukraine assistance loans funded by those assets from sanctions (Sec. 103(e)).
Who it burdens
- Senior Russian government officials and oligarchsBlocks U.S. property, denies visas, and revokes entry documentation for senior Russian officials, military commanders, and oligarchs (Sec. 102).
- Russian state-owned banks and government-affiliated enterprisesBlocks U.S. assets, restricts correspondent accounts, and prohibits transactions with the Central Bank of Russia, major state-owned banks, and Russian state-owned or controlled enterprises (Sec. 103, Sec. 104).
- U.S. banks, broker-dealers, and financial institutionsProhibits processing fund transfers to, from, or for the benefit of the Russian government or its officials, transacting with sanctioned Russian banks, or purchasing Russian sovereign debt (Sec. 103(b), Sec. 105, Sec. 109).
- U.S. investors and energy businessesBans new investments in Russia and its energy sector, prohibits exporting designated services to Russia, and bars exporting U.S. energy products to Russia (Sec. 107, Sec. 108).
- Importers of Russian goods and goods from major Russian energy-trading countriesImposes import tariffs of up to 500 percent on Russian goods and up to 100 percent on goods imported from top buyers of Russian oil/gas or top facilitators of Russian oil sanctions evasion (Sec. 112, Sec. 113).
- Global financial messaging companiesSubjects global messaging service providers and their leadership to IEEPA property-blocking sanctions if they knowingly facilitate the circumvention of sanctions on Russian financial institutions (Sec. 110).
- Foreign maritime shipping, insurance, and port operatorsBlocks U.S. property and bars entry for foreign vessels, maritime insurers, ship captains, and port operators that move Russian oil/energy or aid sanctions evasion (Sec. 102(b)(3)-(6)).