01 — The Text
What.
- Imposes new economic sanctions against Russia and Iran, though specific penalties aren't yet public.
- Referred to 7 committees (Foreign Affairs, Judiciary, Financial Services, Ways and Means, and others) due to its broad scope.
- Likely covers financial restrictions, trade limitations, or targeted designations against individuals and entities.
02 — The Stakes
So what?
- Affects U.S. companies doing business with Russia and Iran—may face penalties or restrictions.
- Impacts Americans who travel to or invest in these countries; financial institutions must comply with new rules.
- Signals congressional pressure on the executive branch's foreign policy toward both adversaries.
03 — The Path
Now what?
- Bill was just introduced Aug. 10, 2026; now sits in committee with no official summary yet published.
- Must clear multiple committees before floor vote—process typically takes months to over a year.
- Track progress at Congress.gov; contact your representative if this aligns with your views.
Legislative History
Actions.
- Aug 10, 2026 — Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Oversight and Government Reform, Financial Services, Ways and Means, Rules, and Energy and Commerce, 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.
- Aug 10, 2026 — Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Oversight and Government Reform, Financial Services, Ways and Means, Rules, and Energy and Commerce, 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.
- Aug 10, 2026 — Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Oversight and Government Reform, Financial Services, Ways and Means, Rules, and Energy and Commerce, 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.
- Aug 10, 2026 — Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Oversight and Government Reform, Financial Services, Ways and Means, Rules, and Energy and Commerce, 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.
- Aug 10, 2026 — Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Oversight and Government Reform, Financial Services, Ways and Means, Rules, and Energy and Commerce, 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.
- Aug 10, 2026 — Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Oversight and Government Reform, Financial Services, Ways and Means, Rules, and Energy and Commerce, 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.
- Aug 10, 2026 — Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, Oversight and Government Reform, Financial Services, Ways and Means, Rules, and Energy and Commerce, 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.
- Aug 10, 2026 — Introduced in House