House bill · 119th Congress · Latest step: Introduced
Big Oil Windfall Profits Tax Act
Official title: 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.
Sponsor: Rep. Ro Khanna D-CAWhere it went
- IntroducedMar 17, 2026
- Committee action—
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Mar 17, 2026 — Referred to the House Committee on Ways and Means.
Cost and committee reports
Official records Congress.gov attaches to H.R. 7960.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. KHANNA, as printed in the Congressional Record (Vol. 172, No. 48, March 17, 2026, Page H2551):Article I, Section 8, Clause 1Source: Congress.gov, Congressional Record March 17, 2026 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 30 characters
- Congress.gov bill record
- H.R. 7960, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/7960
- Record last updated by Congress.gov
- September 19, 2026
- PORKER copy retrieved
- September 24, 2026
- Stored copy, SHA-256 of the file
0a252a595374e3e23750961651ecef2b56e5a4388319a7d7932e4e7723ee1dc7
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of September 19, 2026). Not every bill gets one.
From the Congress.gov bill record for H.R. 7960, last updated September 19, 2026. PORKER’s copy was retrieved September 24, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
27 cosponsors — 27 Democrats
0 of 27 cosponsors (0%) are from the other party.
Gabe Amo (D-RI), Yassamin Ansari (D-AZ), Becca Balint (D-VT), Suzanne Bonamici (D-OR), Greg Casar (D-TX), Steve Cohen (D-TN), Rosa DeLauro (D-CT), Maxwell Frost (D-FL), Al Green (D-TX), Adelita Grijalva (D-AZ), Jared Huffman (D-CA), Pramila Jayapal (D-WA), Summer Lee (D-PA), Zoe Lofgren (D-CA), Seth Magaziner (D-RI), Betty McCollum (D-MN), James McGovern (D-MA), Analilia Mejia (D-NJ), Eleanor Norton (D-DC), Chellie Pingree (D-ME), Mark Pocan (D-WI), Mike Quigley (D-IL), Janice Schakowsky (D-IL), Brad Sherman (D-CA), Lateefah Simon (D-CA), Rashida Tlaib (D-MI), Jill Tokuda (D-HI).
More from the sponsor
Other 119th Congress bills sponsored by Rep. Ro Khanna.
- H.R. 4405 (119th) Epstein Files Transparency Act
- H.R. 8107 (119th) Government Audit and Accountability of Federally Funded State-Administered Programs Act
- H.R. 4406 (119th) State-Based Universal Health Care Act of 2025
- H.R. 7138 (119th) Stop Wall Street Landlords Act of 2026
- H.R. 8108 (119th) End Polluter Welfare for Enhanced Oil Recovery Act of 2026
- H.R. 5516 (119th) No Coffee Tax Act
Related bills
- S. 4111 (119th) Big Oil Windfall Profits Tax ActIdentical bill
Relationships as recorded by Congress.gov.
Sponsor’s state and district
Data as of Sep 24, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.