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    <number>1014</number>
    <updateDate>2026-01-15T08:14:49Z</updateDate>
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    <introducedDate>2023-02-14</introducedDate>
    <congress>118</congress>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 30 (Tuesday, February 14, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. KHANNA:H.R. 1014.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the Constitution.The single subject of this legislation is:Taxation.[Page H841]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <title>Big Oil Windfall Profits Tax Act</title>
        <congress>118</congress>
        <number>408</number>
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        <fullName>Rep. Khanna, Ro [D-CA-17]</fullName>
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        <state>CA</state>
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        <fullName>Rep. Nadler, Jerrold [D-NY-12]</fullName>
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        <fullName>Rep. Barragan, Nanette Diaz [D-CA-44]</fullName>
        <firstName>Nanette</firstName>
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        <state>CA</state>
        <middleName>Diaz</middleName>
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        <fullName>Rep. Pocan, Mark [D-WI-2]</fullName>
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        <fullName>Rep. Bowman, Jamaal [D-NY-16]</fullName>
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        <fullName>Rep. Takano, Mark [D-CA-39]</fullName>
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        <fullName>Rep. Huffman, Jared [D-CA-2]</fullName>
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        <party>D</party>
        <state>CA</state>
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        <fullName>Rep. Schakowsky, Janice D. [D-IL-9]</fullName>
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        <lastName>SCHAKOWSKY</lastName>
        <party>D</party>
        <state>IL</state>
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        <fullName>Rep. Clarke, Yvette D. [D-NY-9]</fullName>
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        <state>NY</state>
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        <fullName>Rep. Bush, Cori [D-MO-1]</fullName>
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        <state>MO</state>
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        <fullName>Rep. Magaziner, Seth [D-RI-2]</fullName>
        <firstName>Seth</firstName>
        <lastName>Magaziner</lastName>
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        <state>RI</state>
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        <fullName>Rep. Titus, Dina [D-NV-1]</fullName>
        <firstName>Dina</firstName>
        <lastName>Titus</lastName>
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        <state>NV</state>
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        <sponsorshipDate>2023-02-14</sponsorshipDate>
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        <fullName>Rep. Levin, Mike [D-CA-49]</fullName>
        <firstName>Mike</firstName>
        <lastName>Levin</lastName>
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        <state>CA</state>
        <district>49</district>
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        <bioguideId>D000216</bioguideId>
        <fullName>Rep. DeLauro, Rosa L. [D-CT-3]</fullName>
        <firstName>ROSA</firstName>
        <lastName>DELAURO</lastName>
        <party>D</party>
        <state>CT</state>
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        <sponsorshipDate>2023-02-17</sponsorshipDate>
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        <bioguideId>C001068</bioguideId>
        <fullName>Rep. Cohen, Steve [D-TN-9]</fullName>
        <firstName>Steve</firstName>
        <lastName>Cohen</lastName>
        <party>D</party>
        <state>TN</state>
        <district>9</district>
        <sponsorshipDate>2023-02-27</sponsorshipDate>
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        <fullName>Rep. Casar, Greg [D-TX-35]</fullName>
        <firstName>Greg</firstName>
        <lastName>Casar</lastName>
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        <fullName>Rep. Porter, Katie [D-CA-47]</fullName>
        <firstName>Katie</firstName>
        <lastName>Porter</lastName>
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        <state>CA</state>
        <district>47</district>
        <sponsorshipDate>2023-02-28</sponsorshipDate>
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        <fullName>Rep. Goldman, Daniel S. [D-NY-10]</fullName>
        <firstName>Daniel</firstName>
        <lastName>Goldman</lastName>
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        <state>NY</state>
        <middleName>S.</middleName>
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        <bioguideId>M000312</bioguideId>
        <fullName>Rep. McGovern, James P. [D-MA-2]</fullName>
        <firstName>JAMES</firstName>
        <lastName>MCGOVERN</lastName>
        <party>D</party>
        <state>MA</state>
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        <sponsorshipDate>2023-03-09</sponsorshipDate>
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      <name>Taxation</name>
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    <subjects>
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        <name>Taxation</name>
        <updateDate>2023-03-10T17:00:28Z</updateDate>
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        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-03-10T19:23:15Z</updateDate>
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          <text>&lt;p&gt;&lt;strong&gt;Big Oil Windfall Profits Tax Act&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt;</text>
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    <title>Big Oil Windfall Profits Tax Act</title>
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        <title>Big Oil Windfall Profits Tax Act</title>
        <updateDate>2024-07-24T15:23:42Z</updateDate>
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        <title>Big Oil Windfall Profits Tax Act</title>
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        <titleType>Official Title as Introduced</titleType>
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        <title>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, and for other purposes.</title>
        <updateDate>2024-03-18T20:20:42Z</updateDate>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr1014ih/xml/BILLS-118hr1014ih.xml</url>
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      <actionDate>2023-02-14</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
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