Big Oil Windfall Profits Tax Act

Hozzl · 2026-03-31T21:36:01Z

Explore the details of Senate Bill 4111 Big Oil Windfall Profits Tax Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

3/31/2026, 9:36 PM

Summary of Bill S 4111

This bill, titled "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," was introduced in the 119th Congress on March 17, 2026. The bill aims to enforce a windfall profits excise tax on crude oil, with the intention to refund the tax revenue collected to individual taxpayers.

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Current Status of Bill S 4111

Bill S 4111 is currently in the status of Bill Introduced since March 17, 2026. Bill S 4111 was introduced during Congress 119 and was introduced to the Senate on March 17, 2026. Bill S 4111's most recent activity was Read twice and referred to the Committee on Finance. as of March 17, 2026

Bipartisan Support of Bill S 4111

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 4111

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 4111

Big Oil Windfall Profits Tax Act

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.