️🇺🇸🇷🇺🇮🇷 The bill imposes sanctions, tariffs and bans on Russia and expands the sanctions law on Iran. It requires the president to block visas and assets of the president of Russia, selected military commanders and other designated individuals and entities, and to raise tariffs of up to 100% on imports from any of the five largest importers of Russian crude oil or gas that continue new purchases.

️🇺🇸🇷🇺🇮🇷 The bill imposes sanctions, tariffs and bans on Russia and expands the sanctions law on Iran. It requires the president to block visas and assets of the president of Russia, selected military commanders and other designated individuals and entities, and to raise tariffs of up to 100% on imports from any of the five largest importers of Russian crude oil or gas that continue new purchases.

It prohibits the export, re-export, or transfer of U.S.-produced energy to Russia, prohibits U.S. persons from making new investments in Russia or purchasing Russian sovereign debt, and prohibits trading in securities of Russian government-owned entities on U.S. exchanges. The Iran Sanctions Act was extended through 2031, mandating sanctions against people involved in Iran's energy sector or weapons programs, while the tax code was amended to allow early childhood educators who provide services to children under the age of six to claim the federal educator's expense deduction.