Question 1

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

Accepted Answer

Imposes sanctions on foreign persons dealing in crude oil or petroleum products of Russian Federation origin. Targets third-country buyers, refiners, and shippers who purchase Russian oil above the G7 price cap, cutting off Russia's primary source of war revenue.

Question 2

Why does H.R. 7506 matter for Ukraine?

Accepted Answer

Russia earns an estimated $700 million per day from oil exports. Secondary sanctions on third-country buyers who exceed the G7 price cap would cut off this primary source of war funding at its root.

Question 3

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

Accepted Answer

In Committee. Referred to House Foreign Affairs and Financial Services Committees

Question 4

Who sponsors H.R. 7506?

Accepted Answer

Rep. Michael T. McCaul (R-TX-10). 8 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.