Ending Importation of Laundered Russian Oil Act
Ending Importation of Laundered Russian Oil Act
Plain Language Summary
# Ending Importation of Laundered Russian Oil Act (HR 7095) **What the Bill Does** This bill aims to prevent Russian oil from entering the United States through indirect routes—a practice called "oil laundering." Rather than importing oil directly from Russia (which is already restricted), some oil is shipped through third countries to mask its origin and circumvent existing sanctions. The bill would strengthen enforcement mechanisms to identify and block these laundered Russian oil imports, potentially closing loopholes in current U.S. trade restrictions on Russia. **Who It Affects** The bill primarily impacts U.S. oil refineries and importers who might receive Russian oil through third-party intermediaries, as well as the broader energy market.
It also affects U.S. foreign policy toward Russia by attempting to strengthen economic sanctions imposed following Russia's invasion of Ukraine. **Current Status** As of now, HR 7095 is in committee, meaning it has been introduced but not yet debated or voted on by the full House. The bill was sponsored by Rep. Lloyd Doggett (D-TX) and remains in early legislative stages.
Latest Action
Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, 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.