Requires the President to sanction Russian officials, state-linked banks, and vessels that carry Russian oil in order to evade sanctions, raises U.S. tariffs on Russian goods, and bars new U.S. investment in Russia's economy, while also letting early childhood educators claim the educator expense deduction.

• Requires the President to sanction Russian officials, Russian state-owned banks including Sberbank and VTB Bank, and foreign vessels used to move Russian oil or other goods to evade sanctions, and to review these targets every 180 days.
• Raises duties on goods imported from Russia up to 500 percent and on goods from countries that buy Russian crude oil or natural gas up to 100 percent.
• Prohibits U.S. persons from new investment in Russia, purchasing Russian sovereign debt, and trading shares of Russian government-linked companies on U.S. securities exchanges.
• Extends the Iran Sanctions Act of 1996 from 2026 to 2031, and ends the Russia provisions 5 years after enactment. Division B expands the educator expense deduction to early childhood educators for expenses in tax years beginning after December 31, 2025.

• Ways and Means Committee (House)

International Affairs