People Over Petroleum Act
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People Over Petroleum Act
This bill repeals or limits certain fossil fuel subsidies for large oil companies. It also allows individual taxpayers a 2022 gas prices rebate for the first taxable year beginning in 2022. The bill defines 2022 gas prices rebate as the sum of $500 ($1,000 for joint returns), plus $500 times the number of taxpayer dependents who had attained the age of 16 as of the end of the taxable year.
The bill allows advance payments of the rebate and requires taxpayers to provide a Social Security account number on their tax returns.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 7871: People Over Petroleum Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7871/
"H.R. 7871: People Over Petroleum Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7871/.
H.R. 7871, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7871/.
[H.R. 7871: People Over Petroleum Act](https://openamerica.io/bill/117-HR-7871/)