Report on United States Government facilitation of Hungarian purchases of Russian oil and gas

(a) In general Not later than 30 days after the date of the enactment of this Act, the Secretary of the Treasury and the Secretary of State shall jointly submit to the committees specified in subsection (c) a report that provides the justification for any United States Government facilitation of purchases of Russian Federation oil and national gas by the Government of Hungary or any related entities. (b) Elements The report required by subsection (a) shall include— (1) a detailed description of— (A) any license or comfort letter issued on or after October 22, 2025, to, or for the benefit of, the Government of Hungary or Hungarian individuals or entities that were related to oil, petroleum products, or natural gas of Russian Federation origin, including with respect to transactions involving energy companies or financial institutions designated for the imposition of sanctions; (B) the period of effectiveness of any license or comfort letter described in subparagraph (A); (C) any foreign policy guidance by the Department of State conveyed to the Department of the Treasury related to the issuance of any license or comfort letter described in subparagraph (A); and (D) any information communicated to the Government of Hungary regarding the potential renewal or extension any license or comfort letter described in subparagraph (A); and (2) an estimate of the total quantity of oil and gas of Russian Federation origin purchased by the Government of Hungary or Hungarian individuals or entities, by volume and dollar value, since the effective date of any license or comfort letter described in paragraph (1)(A). (c) Committees specified The committees specified in this subsection are— (1) the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate; and (2) the Committee of Foreign Affairs and the Committee on Financial Services of the House of Representatives. (d) Form The report required by subsection (a) shall be submitted in an unclassified form, but may include a classified annex.