119th Congress
S. 4588
Taxing Buybacks from Big Oil Windfalls Act
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Ron Wyden(D-OR)
- Introduced
- May 20, 2026
- Policy area
- Taxation
- Committees
- Senate Committee on Finance
- Official text
- Introduced in Senate · Congress.gov page
Cosponsors (16)
Original cosponsors (14)
- Andy Kim (D-NJ)
- Brian Schatz (D-HI)
- Charles E. Schumer (D-NY)
- Chris Van Hollen (D-MD)
- Cory A. Booker (D-NJ)
- Edward J. Markey (D-MA)
- Jack Reed (D-RI)
- Jeff Merkley (D-OR)
- Mazie K. Hirono (D-HI)
- Michael F. Bennet (D-CO)
- Peter Welch (D-VT)
- Richard Blumenthal (D-CT)
- Sheldon Whitehouse (D-RI)
- Tina Smith (D-MN)
Added later (2)
- Amy Klobuchar (D-MN) · Jun 1, 2026
- Lisa Blunt Rochester (D-DE) · Jun 15, 2026
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 increase the excise tax for the repurchase of corporate stock by large oil and gas companies.
Latest action(May 20, 2026): Read twice and referred to the Committee on Finance.
Roll-call votes
No recorded votes on this bill.
Actions
- May 20, 2026 · Senate
Read twice and referred to the Committee on Finance. - May 20, 2026
Introduced in Senate