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Senate bill · 119th Congress · Latest step: Introduced

Taxing Buybacks from Big Oil Windfalls Act

S. 4588Introduced May 20, 2026Policy area: Taxation

Official title: A bill to amend the Internal Revenue Code of 1986 to increase the excise tax for the repurchase of corporate stock by large oil and gas companies.

Sponsor: Sen. Ron Wyden D-OR
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Where it went

Latest action: May 20, 2026 — Read twice and referred to the Committee on Finance.

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

16 cosponsors — 16 Democrats

0 of 16 cosponsors (0%) are from the other party.

Michael Bennet (D-CO), Richard Blumenthal (D-CT), Lisa Blunt Rochester (D-DE), Cory Booker (D-NJ), Mazie Hirono (D-HI), Andy Kim (D-NJ), Amy Klobuchar (D-MN), Edward Markey (D-MA), Jeff Merkley (D-OR), John Reed (D-RI), Brian Schatz (D-HI), Charles Schumer (D-NY), Tina Smith (D-MN), Chris Van Hollen (D-MD), Peter Welch (D-VT), Sheldon Whitehouse (D-RI).

More from the sponsor

Other 119th Congress bills sponsored by Sen. Ron Wyden.

Sponsor’s state and district

Oregon in Congress

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Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.