Contact Congress about S. 327: HONOR Act
People and companies could no longer use Russian income taxes to cut their U.S. tax bills. The limits would start after the bill becomes law and last until the United States restores normal tariff treatment for Russian goods.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
HONOR Act is a House bill awaiting final action. The latest recorded action: Held at the desk.
Latest action on S. 327: Held at the desk.
Who this affects: This bill mainly affects U.S. people and companies that earn income connected to Russia and pay Russian income taxes. It could also affect U.S. shareholders of foreign companies that pay Russian taxes, because some taxes may be treated as paid by the U.S. shareholder under international tax rules.
Why this matters: The bill matters because it could raise tax costs for U.S. taxpayers that keep business or investment ties to Russia. It uses the tax code to add pressure against doing business in Russia, but the size of the effect is uncertain. The impact would depend on how many U.S. taxpayers still pay Russian income taxes during the covered period.
Key provisions in S. 327
- Taxpayers could not use Russian income taxes to claim either a foreign tax credit or a regular tax deduction on their U.S. returns.
- The bill would put Russia under special U.S. rules that limit foreign tax credits for taxes paid to certain countries.
- The ban on foreign tax credits for Russian taxes would start 30 days after the bill becomes law.
- The restrictions would end only when Russian goods again get normal U.S. tariff rates under the federal law that suspended normal trade relations with Russia and Belarus.
- The ban on deductions would cover Russian taxes paid, built up as owed, or treated as paid after 90 days from enactment. That includes certain taxes treated as paid under U.S. rules for shareholders of foreign corporations.
How Modern Action helps you take action on S. 327
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
Questions people ask about S. 327
- What is S. 327?
- People and companies could no longer use Russian income taxes to cut their U.S. tax bills. The limits would start after the bill becomes law and last until the United States restores normal tariff treatment for Russian goods.
- How do I support or oppose S. 327?
- Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.
- Who should I contact about S. 327?
- Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.
- Can Modern Action explain S. 327 before I act?
- Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.
