Ending Importation of Laundered Russian Oil Act | ChamberLight
Bills · HR 7095
IN COMMITTEE· 119TH CONGRESS
House BillHR 7095Foreign Trade and International Finance
Ending Importation of Laundered Russian Oil Act
INTRO JAN 15· LAST ACTION JAN 15
READING
2MIN
COSPONSORS
19BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8
Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-written
Voters should care about this bill because it aims to strengthen the economic pressure on Russia by making existing sanctions more effective. The current ban on direct Russian oil imports could be less impactful if Russian crude is simply refined elsewhere and then sold to the U.S. This bill seeks to close that loophole, potentially further reducing Russia's revenue from oil sales.
If this bill becomes law, it could lead to changes in global energy supply chains as refiners adjust. It might also have a minor impact on energy prices in the U.S. if importers need to source refined products from more expensive or distant suppliers. If it doesn't pass, the indirect flow of Russian oil into the U.S. market could continue, potentially undermining the intended effects of the existing sanctions.
KEY PROVISIONS
3AI-extracted
PROVISION 01
The bill amends the existing "Ending Importation of Russian Oil Act" to broaden its scope.
This means the new rules will be added to an existing framework rather than creating entirely new legislation, making enforcement clearer.
PROVISION 02
It prohibits the import of energy products into the U.S. if those products were made at any refinery located outside of Russia that uses crude oil originating in Russia.
This is the core change, designed to prevent Russia from indirectly selling its oil to the U.S. after it has been refined elsewhere.
PROVISION 03
The prohibition applies to all products classified under chapter 27 of the Harmonized Tariff Schedule, which includes various mineral fuels, oils, and products of their distillation.
This specifies the types of energy products that are subject to the ban, providing clarity for importers and customs officials.
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.
Voters should care about this bill because it aims to strengthen the economic pressure on Russia by making existing sanctions more effective. The current ban on direct Russian oil imports could be less impactful if Russian crude is simply refined elsewhere and then sold to the U.S. This bill seeks to close that loophole, potentially further reducing Russia's revenue from oil sales.
If this bill becomes law, it could lead to changes in global energy supply chains as refiners adjust. It might also have a minor impact on energy prices in the U.S. if importers need to source refined products from more expensive or distant suppliers. If it doesn't pass, the indirect flow of Russian oil into the U.S. market could continue, potentially undermining the intended effects of the existing sanctions.
KEY PROVISIONS
AI-extracted
med
The bill amends the existing "Ending Importation of Russian Oil Act" to broaden its scope.
This means the new rules will be added to an existing framework rather than creating entirely new legislation, making enforcement clearer.
high
It prohibits the import of energy products into the U.S. if those products were made at any refinery located outside of Russia that uses crude oil originating in Russia.
This is the core change, designed to prevent Russia from indirectly selling its oil to the U.S. after it has been refined elsewhere.
med
The prohibition applies to all products classified under chapter 27 of the Harmonized Tariff Schedule, which includes various mineral fuels, oils, and products of their distillation.
This specifies the types of energy products that are subject to the ban, providing clarity for importers and customs officials.
GLOSSARY
AI-written
Harmonized Tariff Schedule (HTS)
A system used by many countries, including the U.S., to classify imported goods for customs purposes, assigning a specific code to each type of product.
Chapter 27 (of HTS)
A specific section within the Harmonized Tariff Schedule that covers 'Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes.'
Crude oil
Unrefined petroleum, a naturally occurring fossil fuel that is extracted from the ground and processed into various energy products.
Refinery
An industrial plant that processes crude oil into more useful products like gasoline, diesel fuel, jet fuel, heating oil, and other petrochemicals.
Conforming amendments
Minor changes made to other parts of a law to ensure that they are consistent with a new amendment or to correct cross-references.
ACTION TIMELINE
2 EVENTS
JAN 15
Introduced in House
INTROREFERRAL
JAN 15
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.