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119th Congress

S. 4111

Big Oil Windfall Profits Tax Act

  1. Introduced
  2. In committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor
Sheldon Whitehouse(D-RI)
Introduced
Mar 17, 2026
Policy area
Taxation
Committees
Senate Committee on Finance
Official text
Introduced in Senate · Congress.gov page

Cosponsors (13)

Original cosponsors (11)

Added later (2)

Summary

No Congressional Research Service summary yet. CRS usually publishes one a few weeks after a bill is introduced.

Official title: A bill 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, and for other purposes.

Latest action(Mar 17, 2026): Read twice and referred to the Committee on Finance.

Read the official text

Roll-call votes

No recorded votes on this bill.

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