S 327
· 119th Congress
· Taxation
HONOR Act
Sponsor
Latest action
Held at the desk.
Action timeline
Every recorded action on this bill, newest first. Stage badges color-code the legislative path.
Mar 16, 2026
floor
Message on Senate action sent to the House.
Mar 16, 2026
floor
Received in the House.
Mar 16, 2026
floor
Held at the desk.
Mar 10, 2026
committee
Senate Committee on Finance discharged by Unanimous Consent.
Finance Committee
Mar 10, 2026
passed
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Mar 10, 2026
passed
Passed Senate without amendment by Unanimous Consent. (consideration: CR S953; text: CR S953)
Jan 30, 2025
introduced
Introduced in Senate
Jan 30, 2025
introduced
Read twice and referred to the Committee on Finance.
Finance Committee
Text versions
Each stage of the bill — official text published by GPO. Click any format to read on congress.gov / govinfo.
CRS summaries
Plain-English summaries written by the Congressional Research Service — neutral, nonpartisan staff who summarize bills as they advance through stages. The authoritative description of what each version of the bill does.
00
Introduced in Senate
Jan 30, 2025
Hindering Oppressive Nations from Obtaining Revenue Act or HONOR Act
This bill prohibits a taxpayer from claiming the foreign tax credit (FTC) or an itemized tax deduction for taxes paid, accrued, or deemed paid to Russia.
Under current law, a taxpayer may claim the FTC for income, war profits, and excess profits taxes (or taxes imposed in lieu of these taxes) paid, accrued, or deemed paid to a foreign country (and certain U.S. possessions) or an itemized tax deduction for such taxes, both subject to limitations.
However, under current law, a taxpayer may not claim the FTC (but may claim an itemized tax deduction) for taxes paid to a foreign country if (1) the United States does not recognize the country’s government, (2) the United States severs or does not conduct diplomatic relations with the country, or (3) the country is designated by the Department of State as supporting international terrorist acts. (Currently, the FTC is disallowed for taxes paid, accrued, or deemed paid to Iran, North Korea, Sudan, and Syria.)
Under the bill, a taxpayer may not claim the FTC for taxes paid, accrued, or deemed paid to Russia beginning 30 days after the date of enactment and until normal U.S. trade relations with Russia are restored (pursuant to requirements established by the Suspending Normal Trade Relations with Russia and Belarus Act).
The bill also disallows an itemized tax deduction for taxes paid, accrued, or deemed to be paid to Russia (effective 90 days after the date of enactment).
via Congressional Research Service · published through congress.gov
Changelog
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih / is — Introduced in House / Senate. First filed version.rfh / rfs — Referred to a committee for review.rh / rs — Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs / pch — Placed on Calendar for floor consideration.eh / es — Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh / rds — Received by the other chamber.eah / eas — Engrossed Amendment. The other chamber passed an amended version.ath / ats — Agreed to. Both chambers settled on the same text.enr — Enrolled. Final reconciled text, sent to the President.pl — Public Law. Signed by the President. It's now law.pp — Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih/is— Introduced in House / Senate. First filed version.rfh/rfs— Referred to a committee for review.rh/rs— Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs/pch— Placed on Calendar for floor consideration.eh/es— Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh/rds— Received by the other chamber.eah/eas— Engrossed Amendment. The other chamber passed an amended version.ath/ats— Agreed to. Both chambers settled on the same text.enr— Enrolled. Final reconciled text, sent to the President.pl— Public Law. Signed by the President. It's now law.pp— Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
Line-level diff between text versions of this bill — what actually changed at each legislative stage.
+22
−17
15 unchanged
--- Introduced (Senate)
+++ Engrossed (Senate)
@@ -1,28 +1,15 @@
[From the U.S. Government Publishing Office]
-[S. 327 Introduced in Senate (IS)]
+[S. 327 Engrossed in Senate (ES)]
<DOC>
119th CONGRESS
-1st Session
+2d Session
S. 327
-
-To amend the Internal Revenue Code of 1986 to deny any foreign tax
-credit or deduction with respect to taxes paid or accrued to the
-Russian Federation.
_______________________________________________________________________
-IN THE SENATE OF THE UNITED STATES
-
-January 30, 2025
-
-Ms. Cortez Masto (for herself and Mr. Cornyn) introduced the following
-bill; which was read twice and referred to the Committee on Finance
-
-_______________________________________________________________________
-
-A BILL
+AN ACT
To amend the Internal Revenue Code of 1986 to deny any foreign tax
credit or deduction with respect to taxes paid or accrued to the
@@ -76,4 +63,22 @@
(3) Nonapplication of treaty rules.--This section and the
amendments made by this section shall be applied without regard
to any treaty obligation of the United States.
-<all>
+
+Passed the Senate March 10, 2026.
+
+Attest:
+
+Secretary.
+119th CONGRESS
+
+2d Session
+
+S. 327
+
+_______________________________________________________________________
+
+AN ACT
+
+To amend the Internal Revenue Code of 1986 to deny any foreign tax
+credit or deduction with respect to taxes paid or accrued to the
+Russian Federation.
Cosponsors (1)
Members who signed on to support this bill.