The main purpose of this legislation, known as the "Hindering Oppressive Nations from Obtaining Revenue Act" or the "HONOR Act," is to restrict U.S. taxpayers from claiming foreign tax credits or deductions for taxes they pay to the Russian government. This move is intended to apply economic pressure on Russia in response to its actions that are viewed as oppressive. The key provisions of the Act include a specific amendment to the Internal Revenue Code that establishes a new rule regarding taxes paid to the Russian Federation. Starting 30 days after the law is enacted, U.S.