Referred to the Committee on Foreign Affairs, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The bill forbids any U.S. individual or company from exporting, re‑exporting, selling, or providing petroleum equipment and related services to entities in the Russian Federation, with a narrow carve‑out for isotopes used in medical, agricultural or environmental work. It also authorizes sanctions—such as asset freezes and visa bans—against foreign parties that violate the ban. The measure is intended to cut off U.S. support for Russia’s oil industry while allowing limited humanitarian and UN‑related exceptions.
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