HR 7960 · 119th CongressIn Committeecongress.gov ↗

Big Oil Windfall Profits Tax Act

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Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

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.

Sponsor

Rep. Khanna, Ro [D-CA-17]

D

Introduced

March 17, 2026

Policy Area

Taxation

Your Vote

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