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Big Oil Windfall Profits Tax Act

March 17 – March 17, 2026

Senator Whitehouse and Representative Khanna have introduced the Big Oil Windfall Profits Tax Act, which proposes a 50% tax on excess profits of large oil companies to provide quarterly rebates to low and middle-income Americans.

Policies

Sen. Whitehouse Introduces Big Oil Windfall Profits Tax Act to Send Rebates to Taxpayers

S. 4111

Rep. Khanna Introduces Bill to Tax Big Oil Profits and Send Rebates to Americans

H.R. 7960

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