Washington, Feb. 11 -- Congressman Michael McCaul issued the following press release:
Today, U.S. Representative Michael McCaul (R-Texas) - chairman emeritus of the House Foreign Affairs Committee - introduced the Decreasing Russian Oil Profits (DROP) Act (https://mccaul.house.gov/sites/evo-subsites/mccaul.house.gov/files/evo-media-document/mccaul_034_xml.pdf) of 2026. This bipartisan legislation requires targeted sanctions on any foreign person or entity involved in the purchase, importation, or facilitation of Russian-origin crude oil and petroleum products.
Representatives Mike Lawler (R-N.Y.), chairman of the House Foreign Affairs Subcommittee on the Middle East and North Africa; Bill Keating (D-Mass.), ranking member of the House For...