Russia Sanctions Bill Stalls in US House Amid Tariff Concerns
The measure would let the president impose tariffs of up to 100% on countries buying Russian energy, drawing opposition from Democrats and some Republicans.
- The Senate passed a Russia sanctions bill in August by an 86-11 vote, but the legislation now faces significant resistance in the House and remains stalled ahead of the November midterm elections.
- Named for the late Senator Lindsey Graham, the legislation authorizes President Donald Trump to impose tariffs of up to 100% on nations purchasing Russian energy or assisting Moscow in evading Western sanctions.
- Minority Leader Hakeem Jeffries expressed "serious concerns" that the bill "risks providing tariff and sanctions authority" the administration might abuse, while business groups warn of unintended economic consequences.
- Bloomberg reports the measure will likely be pushed back until after the November elections, as House Speaker Mike Johnson faces pressure to round up votes amid mounting political friction.
- Analysts at the Cato Institute warn the bill lacks clear metrics for naming targets, while Senator Richard Blumenthal argues sanctions are urgent given Russia's $125 billion deficit and 14% interest rate on national debt.
24 Articles
24 Articles
Despite the US Senate voting on the sanctions package last month, the House of Representatives can trigger the process.
The draft law on sanctions against Russia, adopted by a overwhelming majority of the Senate just last month, faces an increasingly strong opposition in the US House of Representatives and is likely to remain blocked at least until...
Sanctions against Russia are stuck in the US Congress, votes may be postponed until the elections The bill on 100% tariffs for buyers of Russian energy carriers is stuck in the US House of Representatives<p>. Congress is worried about growth prices.</p>
Ukraine 'Optimistic' On Russia Sanctions Bill But Obstacles Loom
Ukraine’s top sanctions official says he remains optimistic about prospects for a sweeping Russia sanctions bill in the US Congress despite growing uncertainty over when the House will take it up, as lawmakers face a sharply shortened legislative calendar ahead of the November elections.
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