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National SecurityH.R. 5334Comments

Lindsey O. Graham Sanctioning Russia and Iran Act of 2026

Official title: To amend the Internal Revenue Code of 1986 to allow early childhood educators to take the educator expense deduction, and for other purposes.

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Where the Bill Stands

  1. Introduced, done
  2. Committee, done
  3. Floor Vote, done
  4. Outcome, shown after you vote

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What This Bill Does

This bill imposes a variety of sanctions, tariffs, and prohibitions related to Russia, extends an Iran-related sanctions law, and expands a tax deduction for teacher expenses to include early childhood educators.

For example, under the bill, the President must impose visa- and property-blocking sanctions on specified persons (individuals and entities) such as the Russian president and certain Russian military commanders. The President must also increase the rate of duty up to 100% ad valorem (i.e., relative to the value) on all goods imported into the United States from a country that was among the five largest importers of Russian-origin crude oil or natural gas if such country knowingly makes new purchases of such products after enactment of the bill.

The bill prohibits (1) the export, reexport, or in-country transfer to or in Russia of any U.S.-produced energy or energy product; (2) U.S. persons from making new investments in Russia or purchasing Russian sovereign debt; and (3) trading the securities of Russian government-owned, -controlled, or -affiliated entities on U.S. national securities exchanges.

The bill extends through 2031 the Iran Sanctions Act of 1996, which requires the President, with some exceptions, to impose sanctions on certain persons engaged in specified transactions related to Iran's energy sector or Iran's efforts to acquire or develop certain weapons.

The bill expands eligibility for federal tax deductions of certain educator expenses to early childhood educators providing educational or childcare services to those under age 6.

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Timeline

  1. Library of CongressSigned by President.
  2. Became Law
  3. House floor actionsPresented to President.
  4. House floor actionsPursuant to the provisions of H. Res. 1530, Mr. McCaul called up the Senate amendments to H.R. 5334.
  5. Library of CongressResolving differences -- House actions: On motion that the House agree to the Senate amendments Agreed to by the Yeas and Nays: 262 - 159 (Roll no. 308).
  6. Floor Vote
  7. SenateMessage on Senate action sent to the House.
  8. SenateConsidered by Senate. (consideration: CR S4538-4540)
  9. SenateMotion to proceed to measure considered in Senate. (CR S4301)
  10. SenateCloture on the motion to proceed to the measure invoked in Senate by Yea-Nay Vote. 86 - 12. Record Vote Number: 212. (CR S4292)
  11. SenateMotion to proceed to consideration of measure made in Senate. (CR S4253)
  12. SenateRead the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 454.
  13. SenateRead the first time. Placed on Senate Legislative Calendar under Read the First Time.
  14. SenateReceived in the Senate.
  15. House floor actionsMr. Smith (MO) moved to suspend the rules and pass the bill, as amended.
  16. House floor actionsReported (Amended) by the Committee on Ways and Means. H. Rept. 119-600.
  17. House committee actionsCommittee Consideration and Mark-up Session Held
  18. Library of CongressIntroduced in House
  19. House floor actionsReferred to the House Committee on Ways and Means.
  20. Introduced
  21. Committee

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