S 327 · introduced · significant
HONOR Act
- foreign policy
- taxes
What this bill does
- The bill prevents taxpayers from claiming tax credits or deductions for taxes paid to Russia.
- It affects individuals and businesses that pay Russian taxes and currently claim U.S. tax benefits for those payments.
- The foreign tax credit ban takes effect 30 days after enactment; the deduction ban takes effect 90 days after.
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Community Threads
Started by Cosponsor
- 01
How would this bill affect U.S. businesses operating in Russia or joint ventures with Russian entities that currently claim foreign tax credits?
- 02
What evidence exists that taxpayers are significantly using Russian tax credits or deductions, and would eliminating them achieve meaningful policy goals?
- 03
Should the bill's restrictions apply equally to all countries, or does targeting Russia specifically raise concerns about selective tax treatment?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · D-NV
Catherine Cortez Masto
Citizen cosponsors
0
In Congress
1/ 100
Senators cosponsoring
Introduced 2026-03-16
Joining the bill
Legislative timeline
2026-03-16 · house · Floor
Held at the desk.
2026-03-16 · house · Floor
Received in the House.
2026-03-16 · senate · Floor
Message on Senate action sent to the House.
2026-03-10 · senate · Floor
Passed Senate without amendment by Unanimous Consent. (consideration: CR S953; text: CR S953)
2026-03-10 · Floor
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
2026-03-10 · senate · Discharge
Senate Committee on Finance discharged by Unanimous Consent.
2026-03-10 · Committee
Senate Committee on Finance discharged by Unanimous Consent.
2025-01-30 · senate · IntroReferral
Read twice and referred to the Committee on Finance.
2025-01-30 · IntroReferral
Introduced in Senate
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