HR 7960 · 119th Congress 2025โ€“2027

Big Oil Windfall Profits Tax Act

Latest action · Mar 17, 2026 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMar 17, 2026
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Cosponsors 27

Members who signed on, in the order they did. Signatures ran from Mar 17, 2026 to Sep 14, 2026; 2 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-MIRashida TlaibOriginalMar 17, 2026
D-RISeth MagazinerOriginalMar 17, 2026
D-CTRosa L. DeLauroMar 18, 2026
D-ILMike QuigleyMar 26, 2026
D-RIGabe AmoApr 16, 2026
D-TXAl GreenApr 30, 2026
D-CAJared HuffmanMay 12, 2026
D-MEChellie PingreeMay 14, 2026
D-WAPramila JayapalMay 19, 2026
D-AZAdelita S. GrijalvaJun 2, 2026
D-DCEleanor Holmes NortonJun 2, 2026
D-CABrad ShermanJun 3, 2026
D-TXGreg CasarJun 4, 2026
D-MAJames P. McGovernJun 8, 2026
D-TNSteve CohenJun 10, 2026
D-CAZoe LofgrenJun 15, 2026
D-VTBecca BalintJun 18, 2026
D-WIMark PocanJun 18, 2026
D-ILJanice D. SchakowskyJun 23, 2026
D-NJAnalilia MejiaJul 2, 2026
D-HIJill N. TokudaJul 2, 2026
D-MNBetty McCollumJul 13, 2026
D-CALateefah SimonJul 13, 2026
D-ORSuzanne BonamiciJul 15, 2026
D-AZYassamin AnsariJul 22, 2026
D-FLMaxwell FrostAug 31, 2026
D-PASummer L. LeeSep 14, 2026

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Mar 17, 2026

Actions 2

Everything that happened, newest first.

  1. Mar 17, 2026Introduced in House
  2. Mar 17, 2026Referred to the House Committee on Ways and Means.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article I, Section 8, Clause 1

The sponsor’s statement, as printed in the Congressional Record, vol. 172, no. 48, March 17, 2026, page H2551.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 4111Big Oil Windfall Profits Tax ActIdentical billMar 17, 2026

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
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.
Short Title(s) as Introduced
Big Oil Windfall Profits Tax Act

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Mar 17, 2026Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.