House bill · 119th Congress · Latest step: Introduced
Iran War Oil Crisis 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 until the President declares that all hostilities with Iran have ceased, the Strait of Hormuz is fully reopened, and the price of oil drops below $75 per barrel.
Sponsor: Rep. Brad Sherman D-CAWhere it went
- IntroducedMay 13, 2026
- Committee action—
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: May 13, 2026 — Referred to the House Committee on Ways and Means.
Cost and committee reports
Official records Congress.gov attaches to H.R. 8803.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. SHERMAN, as printed in the Congressional Record (Vol. 172, No. 81, May 13, 2026, Page H3454):Article I Section 8 of the US ConstitutionSource: Congress.gov, Congressional Record May 13, 2026 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 42 characters
- Congress.gov bill record
- H.R. 8803, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/8803
- Record last updated by Congress.gov
- September 19, 2026
- PORKER copy retrieved
- September 24, 2026
- Stored copy, SHA-256 of the file
225160e145b8f324361e533c345d887ca2dcf3eb7e58ccb4d85d06de27ce819f
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. 8803, 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
No cosponsors.
More from the sponsor
Other 119th Congress bills sponsored by Rep. Brad Sherman.
- H.R. 2225 (119th) Access to Small Business Investor Capital Act
- H.R. 965 (119th) Housing Unhoused Disabled Veterans Act
- H.R. 4382 (119th) America’s Olympic and Paralympic Games Commemorative Coins Act
- H.R. 7806 (119th) Direct File Act of 2026
- H.R. 1841 (119th) Peace on the Korean Peninsula Act
- H.R. 2346 (119th) Accountability for Terrorist Perpetrators of October 7th Act
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.