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Decreasing Russian Oil Profits Act of 2026
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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
5Democrat Cosponsors
4Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7506
Primary Policy Focus
Foreign Trade and International FinanceAlternate 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.
To impose sanctions with respect to foreign persons dealing in crude oil or petroleum products of Russian Federation origin.
Comments
Armando Cannon
701
1 month 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.
Sponsors and Cosponsors of HR 7506
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