A bipartisan group of US House members introduced the House version of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 on 10 August, advancing the sweeping sanctions package during the chamber's summer recess just days after the Senate passed it.
The move puts the bill one chamber from becoming law. If the House passes it, it would hand the president authority to impose tariffs of up to 100% on the biggest buyers of Russian crude and gas—China and India chief among them—and to blacklist the aging tankers of Russia's shadow fleet, the vessels that move sanctioned oil around Western restrictions. The target is the oil revenue that pays for Russia's war on Ukraine, at a moment when Ukrainian deep strikes have already knocked a large share of Russian refining capacity offline.
What the bill would do
The package imposes primary and secondary sanctions on Russian officials, oligarchs, entities propping up Russia's defense-industrial base, and foreign actors that materially aid Moscow's military operations. It targets major Russian banks and the foreign financial institutions that do significant business with them, and it goes after the shadow fleet and sanctions-evasion networks—ships, owners, operators, insurers, and ports that knowingly move Russian oil. The tariff framework, up to 100% on the top five buyers of Russian oil and the top five buyers of its gas, replaces an earlier plan for a blanket 500% tariff, with the US trade representative setting the specific rate for each country. The bill also folds in Iran, extending the Iran Sanctions Act of 1996.
Sanctions could be lifted only if the president certifies to Congress that Russia has signed a peace deal accepted by a free and independent Ukrainian government and has halted hostilities and efforts to subvert Kyiv.
A bill born from a stall—and a death
Graham and Democratic Senator Richard Blumenthal introduced the measure in 2025 with 500% tariffs. It drew more than 80 Senate cosponsors and went nowhere for over a year, as the White House kept it off the floor while betting on negotiations that never delivered. Graham secured President Trump's sign-off, then died on 11 July of an aortic dissection, a day after his last visit to Kyiv. The Senate renamed the bill in his honor and passed it 86-11 on 7 August.
The House is not a rubber stamp
The House text is identical to the Senate-passed version, so the companion functions largely as a whip count—a way for members to signal support before a floor vote expected this fall, once the chamber returns from recess on 31 August. Passage is not guaranteed: some House members have voiced fundamental concerns about handing the president broad tariff powers that could raise costs for US importers and consumers.
