To amend the Internal Revenue Code of 1986 to deny any foreign tax credit with respect to taxes paid or accrued to the Russian Federation.
Summary
HR9764 is an early-stage bill to deny foreign tax credits for taxes paid to Russia. It has no direct market impact as it is procedural, referred to committee with no funding or specific corporate targets.
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Key Takeaways
- 1.HR9764 is a procedural tax bill with no funding or direct corporate beneficiaries.
- 2.No specific publicly traded companies are affected by this legislation.
- 3.The bill is in early stage with low probability of near-term passage.
Market Implications
No market implications. The bill does not target any specific sector or company. Investors should monitor for committee action but no immediate trades are warranted.
Full Analysis
HR9764, introduced by Rep. Schneider on 2026-07-16, amends the Internal Revenue Code to deny foreign tax credits for taxes paid to the Russian Federation. The bill is in early stage, referred to the House Committee on Ways and Means, with one cosponsor. It does not authorize or appropriate any funding. The mechanism is a tax code change affecting US taxpayers with Russian tax liabilities, but no specific companies are named or directly impacted. The legislative path requires committee markup, House vote, Senate passage, and presidential action, with no timeline. Given the early stage and lack of direct corporate exposure, market impact is negligible.
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