HB7960Introduced in the House
Big Oil Windfall Profits Tax Act
Introduced by Ro Khanna, District CA-17
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
Referred to the House Committee on Ways and Means.
March 17, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
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Bill history
Introduced in House
Referred to the House Committee on Ways and Means.
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