Following Donald Trump’s signing of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, U.S. Senate Finance Committee Ranking Member Ron Wyden criticized the law for granting Trump additional authority to impose tariffs on countries worldwide. Wyden argued that the expanded powers could be used against allies and raise living costs, while loopholes could allow the administration to avoid meaningful sanctions against Russia and countries supporting its war effort.
2026-09-18U.S. Senate Committee on Finance
U.S. Senate Finance Committee ranking member criticizes new Russia and Iran sanctions law over tariff powers and loopholes
U.S. Senate Finance Committee Ranking Member Ron Wyden criticized the newly enacted Russia and Iran sanctions law for expanding Donald Trump’s tariff authority. He argued that the law could raise living costs while allowing the administration to avoid meaningful sanctions against Russia and its supporters.