Overview
- Senate Republican leader John Thune said he could not confirm a year‑end vote and noted that discussions on the measure continue.
- Thune signaled the legislation is likely to originate in the House because its tariff provisions classify it as a revenue measure.
- He cited a crowded Senate calendar that includes budget work and nominations, which could delay floor consideration.
- Senator Lindsey Graham said President Trump approved the bipartisan plan and asked Thune to bring it forward, with talks planned with House and Senate members.
- The proposal features secondary sanctions and 500% import tariffs targeting countries that buy Russian energy and other goods, while Treasury’s October 22 sanctions on Rosneft and Lukoil have already drawn objections from Moscow and China; Senator Rand Paul warned of U.S. economic and strategic costs.