The bill, now called the "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026" to honor the South Carolina Republican, passed the Senate last month.

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The House passed it by 262 to 159, as 58 Democrats broke with party leaders to join all but seven Republicans in favor.
The legislation targets Russia's energy and defense industries, as well as its "shadow fleet" of tankers that evade ​existing sanctions, in order to deprive Moscow of funds used to pay for its war with Ukraine.

It faced pushback because it also authorizes Trump to impose stiff tariffs ​of up to 100% on China, India and other countries to reduce their dependence on Russian oil and gas, as well as to ⁠extend sanctions on Iran.

It is the most significant Ukraine-related legislation Congress has passed since Trump returned to the White House and his fellow Republicans took control of both houses of ​Congress in January 2025.