,,ii  #aaith ,,congress  #ast ,session  
,s4 #cbg  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,january #cj1       
#bjbe,ms4 ,cortez ,masto 7for herself   
and ,mr4 ,cornyn7 introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to deny any     
foreign tax credit or deduction with    
respect to taxes paid or accrued to the 
,russian ,federation4  #a4 ,short title 
,this ,act may be cited as the          
,hindering ,oppressive ,nations from    
,obtaining ,revenue ,act or ,,honor     
,act4  #b4 ,denial of foreign tax credit
 with respect to the ,russian           
,federation  7a7 ,in general ,section   
#ija7;j77#b7 of the ,internal ,revenue  
,code of #aihf is amended by adding at  
the end the following new subparagraph3 
7,c7 ,special rule for ,russia  7i7 ,in 
general ,this subsection shall apply to 
the ,russian ,federation during the     
period described in clause 7ii74  7ii7  

,period of application ,the period      
described in this clause with respect to
 any country is the period-- 7,i7       
beginning on the date that is #cj days  
after the date of the enactment of this 
subparagraph1 and  7,,ii7 ending on the 
date on which the resumption of the     
application of the rates of duty set    
forth in column #a of the ,harmonized   
,tariff ,schedule of the ,united ,states
 to products of that country takes      
effect pursuant to section #d7;b7 of the
 ,suspending ,normal ,trade ,relations  
with ,russia and ,belarus ,act4  4  7b7 
,deduction denied ,section #ija7;j77#c7 
of such ,code is amended by adding at   
the end the following new sentence3 ,the
 preceding sentence shall not apply to  
any tax of any country to which         
paragraph 7#b77;,c7 applies44  7c7      
,effective dates  7#a7 ,in general      
,except as provided in paragraph 7#b71  
the amendments made by this section     
shall take effect on the date of the    
enactment of this ,act4  7#b7 ,deduction

 limitation ,the amendment made by      
subsection 7b7 shall apply to taxes paid
 or accrued 7or deemed paid or accrued  
under section #ifj of the ,internal     
,revenue ,code of #aihf7 after the date 
that is #ij days after the date of the  
enactment of this ,act4  7#c7           
,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 
,states4