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S. 4111 · 119th Congress · Taxation

Big Oil Windfall Profits Tax Act

In committee Introduced Mar 17, 2026 Latest action Mar 17, 2026

What it does

The Congressional Research Service hasn’t published a summary of this bill yet. Summaries usually follow within a few weeks of introduction.

Roll call votes

No recorded roll call votes on this bill. Most bills never get one; many pass by voice vote or unanimous consent, or stay in committee.

What members said about it

  • Statement · Press release · Aug 24, 2026 · Reed D-RI

    JEC Report: Trump Price Hikes Costing RI Households Extra $3,800+ for Everyday Essentials

    Due to President Trump’s irresponsible policies and destabilizing, chaotic, volatile approach to governing, the cost of gasoline, housing, healthcare, childcare, groceries, utility bills, and other prices are up in Rhode Island and…

    “It’s unfair that Rhode Islanders are being forced to spend an extra $3,800 per household just to buy the basics under Trump. Americans can’t afford Trump’s price hikes. It’s time for change and it’s time for Congress to take action and give working people a real rebate for the unnecessarily elevated prices they have…”
  • Statement · Press release · Aug 3, 2026 · Reed D-RI

    Reed Calls Out Trump for Inflicting Pain at the Pump

    Over five months into President Trump’s war of choice with Iran, elevated gas prices are putting added financial pressure on American drivers and businesses alike.

    “With no clear plan, objective, or exit strategy, President Trump chose to initiate two costly, destabilizing international conflicts: global trade tariffs and a war against Iran. In both cases, Trump turned his back on America’s allies and forced American consumers and businesses to bear higher costs and heavier…”

Latest action

Mar 17, 2026 · Read twice and referred to the Committee on Finance.