119th Congress
H.R. 8803
Iran War Oil Crisis Windfall Profits Tax Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Brad Sherman(D-CA)
- Introduced
- May 13, 2026
- Policy area
- Taxation
- Committees
- House Committee on Ways and Means
- Official text
- Introduced in House · Congress.gov page
Cosponsors (0)
No cosponsors.
Summary
No Congressional Research Service summary yet. CRS usually publishes one a few weeks after a bill is introduced.
Official title: To amend the Internal Revenue Code of 1986 to impose a windfall profits excise tax on crude oil and to rebate the tax collected back to individual taxpayers until the President declares that all hostilities with Iran have ceased, the Strait of Hormuz is fully reopened, and the price of oil drops below $75 per barrel.
Latest action(May 13, 2026): Referred to the House Committee on Ways and Means.
Roll-call votes
No recorded votes on this bill.
Actions
- May 13, 2026 · House
Referred to the House Committee on Ways and Means. - May 13, 2026
Introduced in House