PASSED: AS RUSSIA HELPS IRAN TARGET U.S. MILITARY, CORTEZ MASTO'S BIPARTISAN BILL TO PREVENT AMERICAN TAX DOLLARS FROM SUBSIDIZING PUTIN'S WAR MACHINE PASSES SENATE

WASHINGTON, March 10 -- Sen. Catherine Cortez Masto issued the following press release:

Following reports (https://www.washingtonpost.com/national-security/2026/03/06/russia-iran-intelligence-us-targets/) that Russia is providing Iran with intelligence to target American military forces, Senator Catherine Cortez Masto (D-Nev.) passed her bipartisan bill with John Cornyn (R-Texas) to prevent businesses from claiming a foreign tax credit or deduction against taxes paid to fund the Russian government's war machine. Cortez Masto spoke about the bill on the Senate floor, and it passed the chamber by unanimous consent.

Currently, businesses paying taxes in foreign countries are eligible to claim a tax credit or deduction in the United States to...