HONOR Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9764 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9764

  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.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             July 16, 2026

    Mr. Schneider (for himself and Mr. Fitzpatrick) introduced the
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL

  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.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Hindering Oppressive Nations from
Obtaining Revenue Act'' or ``HONOR Act''.

SEC. 2. DENIAL OF FOREIGN TAX CREDIT WITH RESPECT TO THE RUSSIAN
              FEDERATION.

    (a) In General.--Section 901(j)(2) of the Internal Revenue Code of
1986 is amended by adding at the end the following new subparagraph:
                    ``(C) Special rule for russia.--
                            ``(i) In general.--This subsection shall
                        apply to the Russian Federation during the
                        period described in clause (ii).
                            ``(ii) Period of application.--The period
                        described in this clause is the period--
                                    ``(I) beginning on the date that is
                                30 days after the date of the enactment
                                of this subparagraph, and
                                    ``(II) ending on the date on which
                                the resumption of the application of
                                the rates of duty set forth in column 1
                                of the Harmonized Tariff Schedule of
                                the United States to products of the
                                Russian Federation takes effect
                                pursuant to section 4(b) of the
                                Suspending Normal Trade Relations with
                                Russia and Belarus Act.''.
    (b) Effective Date.--
            (1) In general.--The amendment made by this section shall
        take effect on the date of the enactment of this Act.
            (2) Nonapplication of treaty rules.--This section, and the
        amendment made by this section, shall be applied without regard
        to any treaty obligation of the United States.
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