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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.

USA119th CongressHR-7960| House 
| Updated: 3/17/2026
Ro Khanna

Ro Khanna

Democratic Representative

California

Cosponsors (3)
Rosa L. DeLauro (Democratic)Seth Magaziner (Democratic)Rashida Tlaib (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Timeline
Mar 17, 2026

Latest Companion Bill Action

S 119-4111
Introduced in Senate
Mar 17, 2026
Introduced in House
Mar 17, 2026
Referred to the House Committee on Ways and Means.
  • March 17, 2026

    Latest Companion Bill Action

    S 119-4111
    Introduced in Senate


  • March 17, 2026
    Introduced in House


  • March 17, 2026
    Referred to the House Committee on Ways and Means.

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.

USA119th CongressHR-7960| House 
| Updated: 3/17/2026
Timeline
Mar 17, 2026

Latest Companion Bill Action

S 119-4111
Introduced in Senate
Mar 17, 2026
Introduced in House
Mar 17, 2026
Referred to the House Committee on Ways and Means.
  • March 17, 2026

    Latest Companion Bill Action

    S 119-4111
    Introduced in Senate


  • March 17, 2026
    Introduced in House


  • March 17, 2026
    Referred to the House Committee on Ways and Means.
Ro Khanna

Ro Khanna

Democratic Representative

California

Cosponsors (3)
Rosa L. DeLauro (Democratic)Seth Magaziner (Democratic)Rashida Tlaib (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted