Question 1

What is H.R. 7506, the Decreasing russian Oil Profits Act of 2026?

Accepted Answer

Buyers worldwide keep paying russia for oil that funds its war. This bill would require the President, 90 days after enactment, to freeze the U.S. assets of foreign buyers and importers of russian oil, anyone who knowingly handles their payments, and their CEOs and board members. The President could allow up to two kinds of exceptions, such as per-barrel payments into a fund for Ukraine. No exception would cover shipping, insuring or financing oil sold above the price cap.

Question 2

Why does H.R. 7506 matter for Ukraine?

Accepted Answer

Foreign purchases of russian oil keep paying for russia's war. The sanctions law signed in September 2026 answers with tariffs on goods from the largest buyer countries. This bill would go after the buyers themselves: 90 days after enactment, the President would have to freeze the U.S. assets of foreign buyers and importers of russian oil, anyone who knowingly handles their payments, and their CEOs and board members.

Question 3

What is the current status of H.R. 7506?

Accepted Answer

In Committee. February 11, 2026: referred to the House Foreign Affairs Committee.

Question 4

Who sponsors H.R. 7506?

Accepted Answer

Rep. Michael T. McCaul (R-TX-10). 9 cosponsors as of the latest daily update.

Question 5

How do I contact Congress about H.R. 7506?

Accepted Answer

Enter your ZIP code at https://uaportal.org/find-my-rep to find your senators and representative, then use the call script or letter at https://uaportal.org/bills/hr-7506 to contact them about H.R. 7506.