In CommitteeFiled Feb 11, 2026
Sponsor: Rep. McCaul, Michael T. [R-TX-10] (R)
Latest Action
Referred to the House Committee on Foreign Affairs.
Feb 11, 2026
Summary
The Decreasing Russian Oil Profits Act would empower the President, after a 90‑day waiting period, to block the assets of any foreign person who purchases, imports, or finances Russian crude oil or petroleum products, as determined by the Treasury and State Departments. It includes two possible exceptions – one for nations that isolate Russian funds and cut oil imports, and another for payments that are routed to a special account to support Ukraine’s reconstruction and defense.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HR 7506 changes status, plus AI-powered summaries and stage predictions.
Sign up free