Prohibit Corrupt Russia Oil Deals Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 10828 Introduced in House (IH)]

<DOC>

119th CONGRESS 2d Session H. R. 10828

To impose sanctions with respect to oil and gas extraction and refinement by the Russian Federation, and for other purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

October 15, 2026

Mr. Meeks (for himself, Mr. Keating, Mr. Bera, Ms. Titus, Mr. Jackson of Illinois, Mr. Costa, Mr. Amo, Mr. Mfume, Mr. Olszewski, Mr. Latimer, Ms. Johnson of Texas, Ms. McBride, Mr. Schneider, Ms. Dean of Pennsylvania, and Ms. Wasserman Schultz) introduced the following bill; which was referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Financial Services, Ways and Means, Oversight and Government Reform, and Rules, 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

_______________________________________________________________________

A BILL

To impose sanctions with respect to oil and gas extraction and refinement by the Russian Federation, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Prohibit Corrupt Russia Oil Deals Act''.

SEC. 2. PROHIBITION ON DFC INVESTMENTS IN RUSSIAN ENERGY.

(a) In General.--The United States International Development Finance Corporation is prohibited from providing any support, or being a party to any deal or financial arrangement, that pertains to energy owned by a Russian foreign person, regardless of whether the assets at issue in the deal are located outside of the Russia Federation. (b) Penalties.--The penalties provided for in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act (50 U.S.C. 1705) shall apply to a person that violates, attempts to violate, conspires to violate, or causes a violation of regulations promulgated to carry out this section to the same extent that such penalties apply to a person who commits an unlawful act described in section 206(a) of that Act.

SEC. 3. NULLIFICATION OF GENERAL LICENSES.

(a) In General.--Effective beginning on the date of the enactment of this Act, the following licenses issued by the Office of Foreign Assets Control of the Department of the Treasury shall have no force or effect: (1) Russia-related General License 133, ``Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 5, 2026 to India''. (2) Russia-related General License 134A, ``Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 12, 2026''. (3) Russia-related General License 134B, ``Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of April 17, 2026''. (4) Russia-related General License 134C, ``Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of April 17, 2026''. (5) Russia-related General License 135, ``Authorizing Transactions Related to the Sale, Delivery, Offloading, and Importation of Diesel Fuel of Russian Federation Origin''. (b) Future Licenses.--The Secretary of the Treasury may not issue any general licenses or authorize any transactions otherwise prohibited by law that are ordinarily incident and necessary to the purchase, sale, delivery, or offloading of crude oil, petroleum products, diesel fuel, or natural gas of the Russian Federation. (c) Termination.--The prohibitions in subsection (a) and subsection (b) shall expire 3 years after the date of the enactment of this Act.

SEC. 4. MODIFICATIONS TO CONGRESSIONAL REVIEW OF SANCTIONS WITH RESPECT TO THE RUSSIAN FEDERATION.

(a) Expansion of Sanctions Subject to Review.--Section 216(a)(2)(B)(i) of the Countering America's Adversaries Through Sanctions Act (22 U.S.C. 9511(a)(2)(B)(i)) is amended-- (1) in subclause (II), by striking ``; or'' and inserting a semicolon; (2) in subclause (III), by striking ``; and'' and inserting ``; or''; and (3) by adding at the end the following: ``(IV) any Executive order addressing the national emergency declared in Executive Order 14024 (50 U.S.C. 1701 note; relating to blocking property with respect to specified harmful foreign activities of the Government of the Russian Federation); or''. (b) Review of Energy-Related Actions.--Section 216(a)(2) of the Countering America's Adversaries Through Sanctions Act (22 U.S.C. 9511(a)(2)) is amended-- (1) in subparagraph (A)-- (A) in clause (ii), by striking ``; or'' and inserting a semicolon; (B) in clause (iii), by striking the period at the end and inserting ``; or''; and (C) by adding at the end the following: ``(iv) an action, including a licensing action, taken during the period described in subparagraph (C) and relating to the application of sanctions described in subparagraph (B), to facilitate a sale or transfer of crude oil, petroleum products, natural gas, or other energy products of Russian Federation origin that relating to the application of sanctions described in subparagraph (B).''; and (2) by adding at the end the following: ``(C) Period for review for energy-related actions.--The period described in this subparagraph is the period-- ``(i) beginning on the date of the enactment of this subparagraph; and ``(ii) ending on the date on which the Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of Defense, and the Director of National Intelligence, certifies to the appropriate congressional committees and leadership that the Government of the Russian Federation has ended its war in Ukraine and credibly committed to a just peace settlement that includes compensating Ukraine for war damages.''.

SEC. 5. IMPOSITION OF SANCTIONS.

(a) In General.--Not later than 30 days after the date of the enactment of this Act, the President shall impose the sanctions described in subsection (b) with respect to any Russian person that engages in the following: (1) Oil and gas extraction. (2) Oil and gas refinement or production. (3) Maritime transportation of oil and gas or other petroleum products. (b) Sanctions Described.--The sanctions described in this subsection are the following: (1) Asset blocking.--Notwithstanding the requirements of section 202 of the International Emergency Economic Powers Act (50 U.S.C. 1701), the President may exercise all powers granted to the President by that Act to the extent necessary to block and prohibit all transactions in all property and interests in property of the person if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. (2) Visas, admission, or parole.-- (A) In general.--An alien who the Secretary of State or the Secretary of Homeland Security (or a designee of one of such Secretaries) knows, or has reason to believe, is described in subsection (a) is-- (i) inadmissible to the United States; (ii) ineligible for a visa or other documentation to enter the United States; and (iii) otherwise ineligible to be admitted or paroled into the United States or to receive any other benefit under the Immigration and Nationality Act (8 U.S.C. 1101 et seq.). (B) Current visas revoked.-- (i) In general.--The issuing consular officer, the Secretary of State, or the Secretary of Homeland Security (or a designee of one of such Secretaries) shall, in accordance with section 221(i) of the Immigration and Nationality Act (8 U.S.C. 1201(i)), revoke any visa or other entry documentation issued to an alien described in subparagraph (A) regardless of when the visa or other entry documentation is issued. (ii) Effect of revocation.--A revocation under clause (i)-- (I) shall take effect immediately; and (II) shall automatically cancel any other valid visa or entry documentation that is in the alien's possession. (c) Exceptions.-- (1) Exception to comply with international obligations.-- Sanctions imposed under subsection (b)(2) shall not apply with respect to the admission of an alien if admitting or paroling the alien into the United States is necessary to permit the United States to comply with the Agreement regarding the Headquarters of the United Nations, signed at Lake Success June 26, 1947, and entered into force November 21, 1947, between the United Nations and the United States, or other applicable international obligations. (2) Exception relating to the provision of humanitarian assistance.--Sanctions under this section may not be imposed with respect to transactions or the facilitation of transactions for-- (A) the sale of agricultural commodities, food, medicine, or medical devices; (B) the provision of humanitarian assistance; (C) financial transactions relating to humanitarian assistance; or (D) transporting goods or services that are necessary to carry out operations relating to humanitarian assistance. (3) Exception for intelligence, law enforcement, and national security activities.--Sanctions under this section shall not apply to any authorized intelligence, law enforcement, or national security activities of the United States. (d) Classified Information.--In any judicial review of a determination made under this section, if the determination was based on classified information (as defined in section 1(a) of the Classified Information Procedures Act) such information may be submitted to the reviewing court ex parte and in camera. This subsection does not confer or imply any right to judicial review. (e) Implementation; Penalties.-- (1) Implementation.--The President may exercise all authorities provided to the President under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out this section. (2) Penalties.--The penalties provided for in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act (50 U.S.C. 1705) shall apply to a person that violates, attempts to violate, conspires to violate, or causes a violation of regulations promulgated to carry out this section to the same extent that such penalties apply to a person who commits an unlawful act described in section 206(a) of that Act.

SEC. 6. REPORT ON RUSSIAN OIL.

(a) In General.--Not later than 30 days after the date of enactment of this Act, and every 60 days thereafter for 3 years, the Secretary of State, in consultation with the heads of other Federal departments and agencies as appropriate, shall submit to the appropriate congressional committees a report on the implementation of Russian general licenses. (b) Elements.--Each report under subsection (a) shall include an analysis of the impact of Russia-related General License 133, ``Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 5, 2026 to India'', and Russia-related General Licenses 134A, 134B, and 134C ``Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 12, 2026'', and Russia General License 135 ``Authorizing Transactions Related to the Sale, Delivery, Offloading, and Importation of Diesel Fuel of Russian Federation Origin'', as issued by the Office of Foreign Assets Control of the Department of the Treasury and any extensions or successors thereof on the following: (1) The volume and sale price of Russian crude and refined oil product exports. (2) The revenue earned by the Government of the Russian Federation or Russian Federation state-affiliated or state- owned entities through exports of oil products, including the premium earned on Russian oil as a result of the closure of the Strait of Hormuz and the subsequent fallout thereof. (3) Russian oil production levels. (c) Appropriate Congressional Committees Defined.--In this section, the term ``appropriate congressional committees'' means-- (1) the Committee on Foreign Affairs and the Committee on Energy and Commerce of the House of Representatives; and (2) the Committee on Foreign Relations and the Committee on Energy and Natural Resources of the Senate.

SEC. 7. REPORT ON RUSSIAN ENERGY COMPANIES INVOLVEMENT IN ABDUCTING UKRAINIAN CHILDREN.

(a) In General.--Not later than 30 days after the date of enactment of this Act, and every 180 days thereafter for 2 years, the Secretary of State, in consultation with the heads of other Federal departments and agencies as appropriate, shall submit to the appropriate congressional committees a report on any involvement by Russian state- owned or state-affiliated energy companies in the abduction, forcible deportation, or indoctrination of Ukrainian civilians, including Ukrainian children. (b) Appropriate Congressional Committees Defined.--In this section, the term ``appropriate congressional committees'' means-- (1) the Committee on Foreign Affairs of the House of Representatives; and (2) the Committee on Foreign Relations of the Senate. <all>