Imposes Russia sanctions and tariffs, extends Iran sanctions, widens a teacher tax break

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

✎ Drafted by AI from the public sources cited. Each sentence links to its source.

This law, named the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, requires the President to impose sanctions on Russian officials, including Russia's president, and certain military commanders, Russia's central bank and major state-owned banks, and others who support Russia's military, and it bars new U.S. investment in Russia and purchases of Russian government debt.^2,3,4 It requires tariffs of up to 500% on goods from Russia and up to 100% on goods from countries that are among the five largest buyers of Russian oil or natural gas and keep making purchases, though the President may waive the measures in the national interest.^2,3,4 To lift the sanctions early, the President would have to certify that Russia has signed a peace agreement accepted by Ukraine and stopped its hostilities, subject to congressional review; otherwise the law's Russia provisions expire after five years.⁴ It also extends the Iran Sanctions Act of 1996 through 2031 and, from the original House bill, lets early childhood educators take the federal tax deduction for teachers' out-of-pocket classroom expenses.^2,3

§2Status

§3How Congress voted

Why this matters: The official count.