The US House of Representatives has passed a bill ramping up sanctions on Russia and Iran. The legislation, now headed to the president's desk, is called the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, and it's being described as one of the toughest packages yet.

Bill Name and Scope

This initiative streamlines and strengthens restrictions against Russia and Iran. The text specifically targets schemes to evade sanctions, including transactions designed to hide where funds come from or where they're headed.

Rules on Digital Currencies and Assets

The bill explicitly lays out penalties for "deceptive or structured transactions" meant to dodge US restrictions, including those involving digital currencies or assets. These provisions are written directly into the legislation and apply to both participants and intermediaries in such deals.

What's Next

With House approval secured, the bill now awaits the president's signature. If signed, its provisions will become federal law and start applying to the specified people and transactions.