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BackU.S. House Expected to Pass Russia and Iran Sanctions Bill
U.S. House Expected to Pass Russia and Iran Sanctions Bill
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CNBC World53 minutes agoPolitics1 min read

U.S. House Expected to Pass Russia and Iran Sanctions Bill

Legislation targets Russian energy revenue and expands presidential tariff authority

Quick Look

  • House is set to vote on the Lindsey O.
  • Graham Sanctioning Russia and Iran Act of 2026.
  • The bill, which passed the Senate 86-11, targets Russian oil revenue and grants the President authority to impose tariffs on nations purchasing Russian energy.

AI-generated summary

Why It Matters

The bill was introduced over a year ago by the late Senator Lindsey Graham. It aims to penalize Russia for its ongoing invasion of Ukraine.

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The U.S. House is expected to pass a Russia sanctions bill introduced over a year ago by the late Sen. Lindsey Graham, R-S.C., on Wednesday afternoon, sending it to President Donald Trump's desk.

The bill, titled the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, would target Russia's economy, intending to penalize the country over its continued full-scale invasion of Ukraine.

The legislation would allow Trump to impose tariffs up to 100% on countries including China and India, that are within the top five purchasers of Russian crude oil or gas. Money from oil sales is critical to funding Russia's war effort. It would also put sanctions on Russian leaders, officials and financial institutions and expand sanctions on Iran.

Senators voted overwhelmingly in favor of the bill last month and passed it by a vote of 86-11 with strong bipartisan support. However, opponents of the bill say it gives Trump too much tariff authority.

Reps. Gregory Meeks, D-N.Y., Don Beyer, D-Va., and Richard Neal, D-Ma., said in a joint statement last week that while House Democrats staunchly support Ukraine, this bill would "do more harm than good."

"This bill would dramatically expand presidential tariff authorities while failing to mandate sanctions on Russia, both of which are unacceptable. These flaws would raise Americans' prices while undermining support for Ukraine in the long term," the lawmakers said.

What to Watch

AI outlook — possibilities, not facts

  • U.S. House vote on the sanctions bill.

    Very likely · Within hours

Open Questions

  • Will President Trump sign the bill into law?
  • How will China and India respond to potential tariffs?

Related Topics

This article was originally published by CNBC World.

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