Skip to main content
S 3802 117th Congress Senate Taxation Administrative law and regulatory procedures Consumer affairs Corporate finance and management Department of the Treasury Energy prices Government information and archives Government trust funds Income tax credits Inflation and prices Motor fuels Oil and gas Sales and excise taxes U.S. territories and protectorates

Big Oil Windfall Profits Tax Act

Introduced: March 10, 2022 Introduced by: Whitehouse, Sheldon Democratic · Rhode Island See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 2022
Read twice and referred to the Committee on Finance.
Mar 10, 2022
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Big Oil Windfall Profits Tax Act

This bill imposes an excise tax on the windfall profits of crude oil on taxpayers who extracted and imported more than 300,000 barrels (a barrel equals 42 U.S. gallons) of taxable crude oil (i.e., crude oil, crude oil condensates, and natural gasoline) in 2019, or who extracted and imported that amount in the current calendar quarter.

The bill requires rebates of the tax collected to be paid to individual taxpayers. The bill establishes the Protect Consumers from Gas Hikes Fund to finance such rebates.

What's happening now March 10, 2022

Read twice and referred to the Committee on Finance.

 Related & companion bills 3
  • HR 7099 Related bill Stop Gas Price Gouging Tax and Rebate Act
  • HR 7103 Related bill Stop Profiting Off Putin’s War Act
  • HR 7061 Identical bill Big Oil Windfall Profits Tax Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Democratic 12 Independent 1
D
Kaine, Tim
Virginia · Jul 19, 2022
 D
Murphy, Christopher
Connecticut · Mar 29, 2022
 D
Warnock, Raphael G.
Georgia · Mar 23, 2022
 D
Padilla, Alex
California · Mar 17, 2022
 D
Baldwin, Tammy
Wisconsin · Mar 10, 2022
 D
Bennet, Michael F.
Colorado · Mar 10, 2022
 D
Blumenthal, Richard
Connecticut · Mar 10, 2022
 D
Booker, Cory A.
New Jersey · Mar 10, 2022
 D
Markey, Edward J.
Massachusetts · Mar 10, 2022
 D
Merkley, Jeff
Oregon · Mar 10, 2022
 D
Reed, Jack
Rhode Island · Mar 10, 2022
 I
Sanders, Bernard
Vermont · Mar 10, 2022
 D
Warren, Elizabeth
Massachusetts · Mar 10, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3802: Big Oil Windfall Profits Tax Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-3802/
MLA
"S. 3802: Big Oil Windfall Profits Tax Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3802/.
Bluebook (legal)
S. 3802, 117th Cong. (2026), https://openamerica.io/bill/117-S-3802/.
Markdown link
[S. 3802: Big Oil Windfall Profits Tax Act](https://openamerica.io/bill/117-S-3802/)
Report a problem