To nullify Russia-related General License 133, "Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 5, 2026 to India", and Russia-related General License 134A, "Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 12, 2026", and for other purposes.

HR8222 was introduced in the House of Representatives on April 9, 2026, and subsequently referred to the Committee on Foreign Affairs and the Committee on the Judiciary. This bill aims to nullify Russia-related General License 133 and General License 134A, which currently permit the sale of Russian crude oil and petroleum products to India. The bill is in an early legislative stage, requiring committee consideration before any further progress. This bill does not authorize or appropriate any direct funding. Its primary mechanism is regulatory, specifically revoking existing licenses that facilitate trade in Russian oil. Therefore, there is no direct money trail from this legislation to specific companies or programs. The impact would be felt through changes in trade flows and market access. Structural losers, if this bill were to pass, would include entities involved in the transportation, refining, and sale of Russian crude oil and petroleum products to India. This could include certain shipping companies, commodity traders, and refiners that have been utilizing these general licenses. Conversely, other oil-producing nations and their associated energy companies could see increased demand for their products as India seeks alternative suppliers. However, no specific tickers can be named without further data on which companies are directly leveraging these specific licenses. Given the early stage of the bill, with only one sponsor and referral to committees, its legislative velocity is currently low. The next steps involve committee review and potential markup. There is no immediate timeline for further action, and the bill's passage is uncertain.