Overview
- The bill was formally introduced in the Senate on July 16 and has won co-sponsorship from more than 60 senators, a number sponsors say is enough to overcome a filibuster.
- It would authorize the president to impose tariffs of up to 100 percent on imports from the five largest purchasers of Russian crude or natural gas, a list that senators expect to include China and India.
- The package pairs those tariff authorities with mandatory primary and secondary sanctions targeting Russia’s political leaders, major banks, state energy firms and sanctions‑evasion networks including the so‑called shadow fleet.
- Supporters say the measure will choke off revenue Moscow uses to fund the war in Ukraine, while critics in the House argue it hands the president sweeping tariff power that could raise costs for U.S. families and strain ties with allies and trading partners.
- Key next steps are securing Senate floor time, winning a full Senate vote, obtaining House approval and a presidential decision, and the bill includes implementation rules such as USTR reviews every 180 days, a 15 percent gas import exemption and a presidential waiver with congressional notification.