End Russian Oil Windfalls Act

Referred to the Committee on Foreign Affairs, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

2026-04-09

This bill would likely impose new taxes or restrictions on profits that oil companies make from selling Russian oil, with the goal of reducing financial benefits from trade with Russia. The measure would affect major oil companies and potentially consumers through changes in oil pricing and availability. The bill has been sent to committees in Congress to review how it would work with existing tax and foreign policy laws.