S. 4111
Introduced in Senate · March 24, 2026March 17, 2026
Mr. Whitehouse (for himself, Ms. Baldwin, Mr. Blumenthal, Mr. Booker, Mr. Kaine, Mr. Markey, Mr. Merkley, Mr. Murphy, Mr. Reed, Mr. Sanders, Ms. Smith, and Ms. Warren) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
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.
Imposition of tax
Definitions and special rules
Gasoline price rebates
Protect Consumers from Gas Price Hikes Fund
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Big Oil Windfall Profits Tax Act”.