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No Illegal Oil from Russia Act: New Sanctions and Reports

This act aims to strengthen international efforts against Russia by enforcing the oil price cap. Citizens might experience indirect effects on global oil prices and economic stability, as the act seeks to limit Russia's oil export revenues. It introduces new rules for vessels transporting oil above the set price.
Key points
Imposition of sanctions on vessels knowingly transporting Russian oil above the set price cap.
Requirement for a diplomatic strategy to enhance international compliance with the oil price cap.
Mandatory regular reporting on the global impact of the oil price cap on oil prices, Russian revenues, and G7 economies.
Exceptions from sanctions for humanitarian aid, vessel and crew safety, and U.S. national security activities.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_4825
Sponsor: Rep. Dean, Madeleine [D-PA-4]
Process start date: 2023-07-24
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Illegal Oil from Russia Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4825.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-24.

What are the main provisions?

Key points include:

  • Imposition of sanctions on vessels knowingly transporting Russian oil above the set price cap.
  • Requirement for a diplomatic strategy to enhance international compliance with the oil price cap.
  • Mandatory regular reporting on the global impact of the oil price cap on oil prices, Russian revenues, and G7 economies.
  • Exceptions from sanctions for humanitarian aid, vessel and crew safety, and U.S. national security activities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Dean, Madeleine [D-PA-4].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported by Voice Vote.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Security