Lindsey O. Graham Sanctioning Russia and Iran Act of 2026

H.R. 10076, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, would impose a broad new sanctions regime on the Russian Federation and extend existing sanctions law on Iran. It directs the President to sanction senior Russian officials, military leaders, and entities tied to Russia's defense industrial base, energy sector, and financial system, including designated banks such as Sberbank, VTB Bank, and Gazprombank. The bill also authorizes restrictions on shipping, uranium imports, securities listings, sovereign debt purchases, and financial messaging services connected to Russia, along with increased tariffs on Russian goods and on countries that buy Russian oil or gas or help evade sanctions.

The measure would affect the Russian government and its officials, Russian financial institutions and their leadership, foreign persons or vessels involved in transactions tied to Russia's military or energy sectors, and countries or companies that continue trading in Russian oil, gas, or sanctioned goods. It includes exceptions and a presidential waiver authority, along with implementation and enforcement provisions. Title II separately extends the Iran Sanctions Act of 1996.

The bill was introduced in the House on August 10, 2026, by Rep. Michael McCaul with bipartisan cosponsors, and referred to the Committee on Foreign Affairs along with several other committees for consideration within their jurisdictions. It would need committee action and votes in the House and Senate, followed by presidential signature, before becoming law.

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