Overview
- The Senate voted overwhelmingly on Friday to pass the Lindsey O. Graham Sanctioning Russia and Iran Act and sent the measure to the House for consideration.
- The bill authorizes the president to have the U.S. Trade Representative set tariffs up to 100 percent on the five largest importers of Russian crude or natural gas, with target lists reviewed every 180 days and limited exemption rules.
- Critics warn the measure gives the president broad waiver power and discretion that could be used against major partners such as India and China and that higher tariffs could raise costs for U.S. importers and consumers.
- Beyond tariffs, the package expands sanctions on Russian officials, oligarchs and banks, targets the so‑called 'shadow fleet' that evades embargoes, and extends key Iran sanctions authorities through 2031.
- The bill now faces a more uncertain path in the Republican‑controlled House when it reconvenes at the end of August, where lawmakers may amend the tariff authority and where legal, trade and diplomatic consequences will shape whether the powers are used.