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

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A Lindsey O. Graham Sanctioning Russia and Iran Act of 2026

I Sanctions with respect to the Russian Federation

Sec. 104. Imposition of sanctions with respect to other entities owned or controlled by the Government of the Russian Federation Added Aug 7

Where this section came from

Not in the first version (Introduced in House, Sep 11).

  1. 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) In general. Not later than 30 days after the date of the enactment of this Act, and every 180 days thereafter, the President shall—

(1) review any entity—

(A) in which the Government of the Russian Federation may have a controlling or majority ownership interest; or

(B) that may otherwise be affiliated with the Government of the Russian Federation; and

(2) impose the sanctions described in subsection (b) with respect to an entity if the President determines that—

(A) the Government of the Russian Federation has a controlling or majority ownership interest in the entity; or

(B) the entity is otherwise affiliated with the Government of the Russian Federation.

(b) Sanctions described. The President shall exercise all of the powers granted to the President under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent necessary to block and prohibit all transactions in property and interests in property of an entity described in subsection (a) if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person.

II Other matters

B Supporting Early-childhood Educators’ Deductions