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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.
3/19/2026, 8:07 AM
Summary of Bill HR 7960
The bill titled "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" was introduced in the 119th Congress as H.R. 7960 on March 17, 2026.
Current Status of Bill HR 7960
Bill HR 7960 is currently in the status of Bill Introduced since March 17, 2026. Bill HR 7960 was introduced during Congress 119 and was introduced to the House on March 17, 2026. Bill HR 7960's most recent activity was Referred to the House Committee on Ways and Means. as of March 17, 2026
Bipartisan Support of Bill HR 7960
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
5Democrat Cosponsors
5Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7960
Primary Policy Focus
Alternate Title(s) of Bill HR 7960
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.
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.
Comments
Sponsors and Cosponsors of HR 7960
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