Concord
HR 8803 · 119th Congress

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.

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Sponsor
Brad Sherman
Policy area
Introduced
2026-05-13
Chamber
House
Status
2026-05-13 — Referred to the House Committee on Ways and Means.
Coalition
0 cosponsors (0 original)
0 actions on file 0 recorded votes
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Latest action

2026-05-13 — Referred to the House Committee on Ways and Means.

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Sponsor

Brad Sherman

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