Tax the excess profits of large oil companies and return the revenue to consumers.
One policy goal, tracked across every bill that has carried it.
What’s happening with Big Oil Windfall Profits Tax Act?
The Big Oil Windfall Profits Tax Act is currently in the House Committee on Ways and Means and the Senate Committee on Finance as of June 16, 2026. The committee chairs must decide to hold a vote to move these bills forward, but most legislation dies in committee without ever receiving a hearing. No action has occurred on these bills since March 16, 2026.
Updated July 9, 2026 · Generated by AI. Always verify with official sources.
Where it stands
Now carried by Big Oil Windfall Profits Tax Act (H.R. 7960 (119th)) →
Legislative Progress
How we got here
Every bill that has carried this goal, oldest first.
Died with Congress · Jan 3, 2025
Died when the 118th Congress ended without final passage. Bills must be reintroduced under a new number to be revived.
Reintroduced · Jan 3, 2025
Reintroduced from H.R. 1014 (118th), which died when its Congress ended.
H.R. 1014 (118th) →Reintroduced · Jan 3, 2025
Reintroduced from S. 408 (118th), which died when its Congress ended.
S. 408 (118th) →
Vehicles
Who’s behind it
Ro Khanna (D-CA)Wrote and sponsored the current bill.
