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Dossier Legislative introduced 16-jul-2026
Bill introduced in Congress — not yet passed by either chamber, and not law.

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.

Key claim: HR9764 would amend the Internal Revenue Code of 1986 to deny any foreign tax credit for taxes paid or accrued to the Russian Federation.

Abstract

(HR9764 · 119th Congress) Latest action (2026-07-16): Referred to the House Committee on Ways and Means.

Why this matters

Denying foreign tax credits for Russian taxes raises the effective U.S. tax cost for American individuals and companies still earning income in or from Russia, functioning as a tax-code lever that complements OFAC sanctions to accelerate divestment. For importers and exporters with residual Russian operations, it narrows the economic case for staying, while having no direct consumer-price effect but reinforcing the broader trend of using the IRC as a sanctions instrument.

Source

Link

Briefing card

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.
Stage: introduced · congress · 16-jul-2026

HR9764 would amend the Internal Revenue Code of 1986 to deny any foreign tax credit for taxes paid or accrued to the Russian Federation.

Cross-references (0)

None recorded — doctrine links and citations appear here as scans and citation sweeps find them.

External: congress:119-hr-9764:introduced

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