HR9764Referred to Committee

HONOR Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-07-16
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

Bradley Scott Schneider
Bradley Scott Schneider
Democrat · IL · Representative
Votes with party: 96.4% (617 recorded votes)

Full profile: /officials/S001190

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2026-07-16

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

American companies and individuals would be prohibited from claiming tax credits for any taxes they pay to Russia, meaning they cannot reduce their U.S. tax bills based on Russian tax payments. This change would primarily affect multinational corporations and investors with business operations or assets in Russia. The measure is designed to increase the tax burden on those doing business with Russia.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 9764 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 9764 To amend the Internal Revenue Code of 1986 to deny any foreign tax credit with respect to taxes paid or accrued to the Russian Federation. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 16, 2026 Mr. Schneider (for himself and Mr. Fitzpatrick) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to deny any foreign tax credit with respect to taxes paid or accrued to the Russian Federation. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Hindering Oppressive Nations from Obtaining Revenue Act'' or ``HONOR Act''. SEC. 2. DENIAL OF FOREIGN TAX CREDIT WITH RESPECT TO THE RUSSIAN FEDERATION. (a) In General.--Section 901(j)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: ``(C) Special rule for russia.-- ``(i) In general.--This subsection shall apply to the Russian Federation during the period described in clause (ii). ``(ii) Period of application.--The period described in this clause is the period-- ``(I) beginning on the date that is 30 days after the date of the enactment of this subparagraph, and ``(II) ending on the date on which the resumption of the application of the rates of duty set forth in column 1 of the Harmonized Tariff Schedule of the United States to products of the Russian Federation takes effect pursuant to section 4(b) of the Suspending Normal Trade Relations with Russia and Belarus Act.''. (b) Effective Date.-- (1) In general.--The amendment made by this section shall take effect on the date of the enactment of this Act. (2) Nonapplication of treaty rules.--This section, and the amendment made by this section, shall be applied without regard to any treaty obligation of the United States. <all>
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