Decreasing Russian Oil Profits Act of 2026

Hozzl · 2026-02-24T18:30:12Z

Explore the details of House Bill 7506 Decreasing Russian Oil Profits Act of 2026 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Foreign Trade and International Finance. Stay informed on legislative developments.

2/24/2026, 6:30 PM

Summary of Bill HR 7506

The bill, designated as H.R. 7506 in the 119th Congress, was introduced on February 11, 2026, with the title "To impose sanctions with respect to foreign persons dealing in crude oil or petroleum products of Russian Federation origin." The purpose of the bill is to establish sanctions targeting individuals or entities engaged in transactions involving crude oil or petroleum products originating from Russia.

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Current Status of Bill HR 7506

Bill HR 7506 is currently in the status of Bill Introduced since February 11, 2026. Bill HR 7506 was introduced during Congress 119 and was introduced to the House on February 11, 2026. Bill HR 7506's most recent activity was Referred to the House Committee on Foreign Affairs. as of February 11, 2026

Bipartisan Support of Bill HR 7506

Total Number of Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 7506

Primary Policy Focus

Foreign Trade and International Finance

Alternate Title(s) of Bill HR 7506

To impose sanctions with respect to foreign persons dealing in crude oil or petroleum products of Russian Federation origin.

Comments

Armando Cannon

843

3 months ago

I am intrigued by the potential impact of this bill on decreasing Russian oil profits. It is crucial for our national security and economic stability to reduce our reliance on foreign oil, especially from countries that do not align with our values. This bill could lead to greater energy independence for the United States and potentially create more job opportunities in the domestic oil industry. I look forward to seeing how this legislation unfolds and its long-term effects on our country.