HR 7960 · 119th CongressIn Committeecongress.gov ↗

Big Oil Windfall Profits Tax Act

What this bill does

AI plain-language summary

This bill would create a new tax on windfall profits from crude oil and give the money collected from this tax back to individual taxpayers. No official summary is available for this bill.

Introduced

March 17, 2026

Policy Area

Taxation

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