H.R. 5334
Lindsey O. Graham Sanctioning Russia and Iran Act of 2026
Sponsor: Jimmy Panetta · 23 cosponsors
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Official summary
Written by the Congressional Research Service.
Lindsey O. Graham Sanctioning Russia and Iran Act of 2026
This bill imposes a variety of sanctions, tariffs, and prohibitions related to Russia, extends an Iran-related sanctions law, and expands a tax deduction for teacher expenses to include early childhood educators.
For example, under the bill, the President must impose visa- and property-blocking sanctions on specified persons (individuals and entities) such as the Russian president and certain Russian military commanders. The President must also increase the rate of duty up to 100% ad valorem (i.e., relative to the value) on all goods imported into the United States from a country that was among the five largest importers of Russian-origin crude oil or natural gas if such country knowingly makes new purchases of such products after enactment of the bill.
The bill prohibits (1) the export, reexport, or in-country transfer to or in Russia of any U.S.-produced energy or energy product; (2) U.S. persons from making new investments in Russia or purchasing Russian sovereign debt; and (3) trading the securities of Russian government-owned, -controlled, or -affiliated entities on U.S. national securities exchanges.
The bill extends through 2031 the Iran Sanctions Act of 1996, which requires the President, with some exceptions, to impose sanctions on certain persons engaged in specified transactions related to Iran's energy sector or Iran's efforts to acquire or develop certain weapons.
The bill expands eligibility for federal tax deductions of certain educator expenses to early childhood educators providing educational or childcare services to those under age 6.
Text of the bill
A Lindsey O. Graham Sanctioning Russia and Iran Act of 2026
Where this section came from
Not in the first version (Introduced in House, Sep 11).
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Aug 7, 2026 · Engrossed Amendment Senate On Cloture on the Motion to Proceed — Cloture on the Motion to Proceed Agreed to, 86–12 · Roll Call 212On the Motion to Proceed — Motion to Proceed Agreed to, 84–12 · Roll Call 213On the Amendment — Amendment Rejected, 32–64 · Roll Call 223On Passage of the Bill — Bill Passed, 86–11 · Roll Call 224
(a) 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 FederationSec. 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 mattersSec. 201. Extension of the Iran Sanctions Act of 1996.Sec. 202. Severability.Sec. 203. Sunset.
I Sanctions with respect to the Russian Federation
II Other matters
B Supporting Early-childhood Educators’ Deductions