Overview
- The proposed bill imposes primary and secondary sanctions on Russia and punitive 500% tariffs on nations purchasing its oil, gas, and uranium.
- The legislation has garnered bipartisan support, with an even split of Republican and Democratic cosponsors, including Senate leaders John Thune and Chuck Schumer.
- Graham announced that the bill has exceeded the 60-cosponsor threshold required to overcome a filibuster and is projected to reach at least 67 cosponsors to override a veto.
- The sanctions are conditional, triggered if Russia refuses to negotiate peace, violates a future agreement, or resumes hostilities in Ukraine.
- Graham has informed President Trump of the plan and expressed hope that the president can negotiate a resolution to the war, though he emphasized the need for congressional action.