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HR7506Referred to Committee

Decreasing Russian Oil Profits Act of 2026

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-02-11
Introduced
8
Cosponsors
HR
ⓘ
Type

Sponsor

Michael T. McCaul
Michael T. McCaul
Republican · TX · Representative
Votes with party: 96.4% (524 recorded votes)

Full profile: /officials/M001157

Source: Congress.gov · FEC

Cosponsors (8)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Josh Gottheimer (D-NJ-5)Original· 2026-02-11
  • Marcy Kaptur (D-OH-9)Original· 2026-02-11
  • Michael Lawler (R-NY-17)Original· 2026-02-11
  • Mike Quigley (D-IL-5)Original· 2026-02-11
  • William R. Keating (D-MA-9)Original· 2026-02-11
  • Steve Cohen (D-TN-9)· 2026-03-27

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Foreign Affairs.

2026-02-11

Source: Congress.gov

Committee Activity

Currently in

  • House Committee on Foreign AffairsReferred To · 2026-02-11

Previously

  • Foreign Affairs CommitteeReferred To · 2026-02-11

Plain-English Summary

This bill would likely impose new restrictions or taxes on Russian oil imports and sales to reduce profits that fund Russia's government and military. The measure would affect American consumers and businesses that buy oil products, as well as oil companies involved in trade, while aiming to weaken Russia's financial resources during its ongoing conflict with Ukraine. The goal is to use economic pressure as a tool to discourage Russian aggression without direct military involvement.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Foreign Trade and International Finance
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

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  • HR8697Guard the Skies Act
    Referred to Committee · 2026-05-07