Legis Daily

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 (2)
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 (2)
Seth Magaziner (Democratic)Rashida Tlaib (Democratic)

Ways and Means Committee

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