A Democratic bill with 27 Democratic cosponsors · See all 27 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The Big Oil Windfall Profits Tax Act aims to amend the Internal Revenue Code of 1986. It imposes an excise tax on covered taxpayers regarding barrels of taxable crude oil extracted or imported within the United States. This tax rate is based on the average price of Brent crude oil compared to a 2025 baseline. The revenue collected from this tax is intended to be redistributed to individuals through gasoline price rebates. The bill also establishes the Protect Consumers from Gas Price Hikes Fund to manage these transfers.
Yes· 3 of 18
- Scored +8
Does this raise the taxes companies pay?
Imposes a new excise tax on crude oil extracted or imported by large oil companies.
- Scored +8
Would households on low incomes be better off under this?
Directly benefits low-income households through refundable rebates without high-income phase-outs.
- Scored +6
Does this give people more protection from unfair business practices?
Protects consumers from high gas prices by redistributing windfall profits from oil companies.
The opposite· 3 of 6
- Scored -7
Would billionaires be better off under this?
Targeted windfall tax on the largest oil producers.
- Scored -6
Would business owners be better off under this?
Significantly impacts large oil-related business owners through a new excise tax.
- Scored -6
Would the very wealthiest people be better off under this?
Likely to be impacted by the corporate excise tax and excluded from the rebate.
Who it would affect, and how
Potential Positive Impacts for People
-
Gasoline Price Rebates: Eligible individuals can receive a credit against their taxes to offset costs (Section 3(a)).
-
Increased Rebate for Joint Filers: Individuals filing a joint return may receive a rebate amount that is 150 percent of the standard amount (Section 3(b)(2)).
-
Outreach Assistance: The Secretary is required to run a comprehensive outreach program to help taxpayers learn about their eligibility and how to claim these credits (Section 3(f)).
-
Protection for U.S. Possessions: The bill provides for payments to U.S. possessions to ensure residents receive benefits similar to those provided under the new amendments (Section 3(b)(2)).
Potential Negative Impacts for People
-
Tax Burden on Large Oil Taxpayers: Large taxpayers that extract or import more than 300,000 barrels of crude oil daily will be subject to a windfall profits excise tax (Section 2(a) and Section 2(a)(1)).
-
Income-Based Credit Reductions: The gasoline price rebate amount is reduced for individuals with higher adjusted gross incomes, specifically those exceeding $150,000 for joint returns, $112,500 for heads of household, or $75,000 for others (Section 3(b)(3)).
-
Identification Requirements: Taxpayers may receive zero rebate amount if they fail to include a valid identification number, such as a social security number, on their tax return (Section 3(d)(2)).
-
Exclusions for Certain Individuals: Nonresident aliens, dependents of other taxpayers, and estates or trusts are not considered eligible individuals for the rebate (Section 3(c)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this raise the taxes companies pay? — Imposes a new excise tax on crude oil extracted or imported by large oil companies. Does this give people more protection from unfair business practices? — Protects consumers from high gas prices by redistributing windfall profits from oil companies. Does this cut taxes for middle-income families? — Provides refundable gasoline price rebate credits to eligible individual taxpayers. Is this likely to slow the rise in prices? — Aims to offset the impact of gas price hikes on consumers through rebates. Does this raise taxes on the highest earners? — The rebate is reduced for those with adjusted gross income exceeding certain thresholds, effectively favoring lower incomes over the wealthy.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — Directly benefits low-income households through refundable rebates without high-income phase-outs. Would middle-income households be better off under this? — Provides financial relief via rebates, though some high-middle-class incomes face reductions. Would people in middle age be better off under this? — Provides financial relief via rebates to eligible individual taxpayers. Would retired people be better off under this? — Provides financial relief via rebates to eligible individual taxpayers. Would people over 65 be better off under this? — Provides financial relief via rebates to eligible individual taxpayers. Would people in their twenties and thirties be better off under this? — Provides financial relief via rebates to eligible individual taxpayers. Would Black Americans be better off under this? — Potential positive impact due to the progressive nature of the rebates benefiting lower-income groups. Would Hispanic Americans be better off under this? — Potential positive impact due to the progressive nature of the rebates benefiting lower-income groups. Would billionaires be better off under this? — Targeted windfall tax on the largest oil producers. Would business owners be better off under this? — Significantly impacts large oil-related business owners through a new excise tax. Would the very wealthiest people be better off under this? — Likely to be impacted by the corporate excise tax and excluded from the rebate. Would immigrants be better off under this? — Nonresident aliens are explicitly excluded from receiving the gasoline price rebate. Would people with substantial wealth be better off under this? — Likely to be impacted by the corporate excise tax and excluded from the rebate. Would high-income households be better off under this? — Rebate is reduced or eliminated for individuals with high adjusted gross incomes.
- Environment Energy And Infrastructure
- Does this reduce how much oil, gas and coal is produced? — Increases the cost for large-scale crude oil extraction and import. Does this cut the pollution that drives climate change? — Taxes windfall profits from crude oil, which may disincentivize excessive oil production. Is this likely to lower the price at the pump? — Does not reduce the price at the pump, but provides a rebate to offset the cost.
- Governance And Ideology
- Does this give the federal government more power? — Creates a new federal excise tax and a federal trust fund for distribution.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — Provides direct financial relief via rebates to eligible individuals, specifically helping lower-income households.
- 9/14/2026
- 1 Cosponsor added.
- 8/31/2026
- 1 Cosponsor added.
- 7/22/2026
- 1 Cosponsor added.
- 7/15/2026
- 1 Cosponsor added.
- 7/13/2026
- 2 Cosponsors added.
- 7/2/2026
- 2 Cosponsors added.
- 6/23/2026
- 1 Cosponsor added.
- 6/18/2026
- 2 Cosponsors added.
- 6/15/2026
- 1 Cosponsor added.
- 6/10/2026
- 1 Cosponsor added.
- 6/8/2026
- 1 Cosponsor added.
- 6/4/2026
- 1 Cosponsor added.
- 6/3/2026
- 1 Cosponsor added.
- 6/2/2026
- 2 Cosponsors added.
- 5/19/2026
- 1 Cosponsor added.
- 5/14/2026
- 1 Cosponsor added.
- 5/12/2026
- 1 Cosponsor added.
- 4/30/2026
- 1 Cosponsor added.
- 4/16/2026
- 1 Cosponsor added.
- 3/26/2026
- 1 Cosponsor added.
- 3/18/2026
- 1 Cosponsor added.
- 3/17/2026
- Referred to the House Committee on Ways and Means.
- 2 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Gabe AmoDemocrat · Rhode Island
Yassamin AnsariDemocrat · Arizona
Suzanne BonamiciDemocrat · Oregon
Becca BalintDemocrat · Vermont
Steve CohenDemocrat · Tennessee
Greg CasarDemocrat · Texas
Rosa DeLauroDemocrat · Connecticut
Maxwell FrostDemocrat · Florida
Al GreenDemocrat · Texas
Adelita GrijalvaDemocrat · Arizona
Jared HuffmanDemocrat · California
Pramila JayapalDemocrat · Washington
Zoe LofgrenDemocrat · California
Summer LeeDemocrat · Pennsylvania
James McGovernDemocrat · Massachusetts
Betty McCollumDemocrat · Minnesota
Seth MagazinerDemocrat · Rhode Island
Analilia MejiaDemocrat · New Jersey
Eleanor NortonDemocrat · District of Columbia
Chellie PingreeDemocrat · Maine
Mark PocanDemocrat · Wisconsin
Mike QuigleyDemocrat · Illinois
Brad ShermanDemocrat · California
Janice SchakowskyDemocrat · Illinois
Lateefah SimonDemocrat · California
Rashida TlaibDemocrat · Michigan
Jill TokudaDemocrat · Hawaii