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.

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.