# 117-hr-7061: Big Oil Windfall Profits Tax Act

117-hr-7061, Big Oil Windfall Profits Tax Act, is a 117th Congress bill sponsored by Rep. Khanna, Ro [D-CA-17] (D-CA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7061
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7061
- Congress: 117
- Title: Big Oil Windfall Profits Tax Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2022-03-11
- Sponsor: Rep. Khanna, Ro [D-CA-17] (D-CA)
- Cosponsors: 24
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

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.

## Cosponsors (24)

- Rep. Lee, Barbara [D-CA-12] (D-CA), 2022-03-15T00:00:00.000Z
- Rep. Barragán, Nanette Diaz [D-CA-44] (D-CA), 2022-03-15T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2022-03-15T00:00:00.000Z
- Rep. Porter, Katie [D-CA-47] (D-CA), 2022-03-15T00:00:00.000Z
- Rep. Titus, Dina [D-NV-1] (D-NV), 2022-03-15T00:00:00.000Z
- Rep. Bush, Cori [D-MO-1] (D-MO), 2022-03-15T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2022-03-15T00:00:00.000Z
- Rep. Jones, Mondaire [D-NY-17] (D-NY), 2022-03-15T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2022-03-15T00:00:00.000Z
- Rep. Takano, Mark [D-CA-39] (D-CA), 2022-03-16T00:00:00.000Z
- Rep. Bowman, Jamaal [D-NY-16] (D-NY), 2022-03-16T00:00:00.000Z
- Rep. Meng, Grace [D-NY-6] (D-NY), 2022-03-16T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2022-03-16T00:00:00.000Z
- Rep. Levin, Mike [D-CA-49] (D-CA), 2022-03-18T00:00:00.000Z
- Rep. DeLauro, Rosa L. [D-CT-3] (D-CT), 2022-03-24T00:00:00.000Z
- Rep. Newman, Marie [D-IL-3] (D-IL), 2022-03-28T00:00:00.000Z
- Rep. Huffman, Jared [D-CA-2] (D-CA), 2022-03-28T00:00:00.000Z
- Rep. Cicilline, David N. [D-RI-1] (D-RI), 2022-03-29T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2022-03-29T00:00:00.000Z
- Rep. Pocan, Mark [D-WI-2] (D-WI), 2022-03-29T00:00:00.000Z
- Rep. Lofgren, Zoe [D-CA-18] (D-CA), 2022-04-27T00:00:00.000Z
- Rep. Langevin, James R. [D-RI-2] (D-RI), 2022-06-08T00:00:00.000Z
- Rep. Eshoo, Anna G. [D-CA-16] (D-CA), 2022-07-13T00:00:00.000Z
- Rep. Nadler, Jerrold [D-NY-12] (D-NY), 2022-11-14T00:00:00.000Z

## Related bills

- 117-hr-2471: Consolidated Appropriations Act, 2022
- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act
- 117-hr-6015: Benjamin Berell Ferencz Congressional Gold Medal Act
- 117-hr-5723: Social Security 2100: A Sacred Trust
- 117-hr-5577: To designate the facility of the United States Postal Service located at 3900 Crown Road Southwest in Atlanta, Georgia, as the "John R. Lewis Post Office Build…
- 117-hr-4: John R. Lewis Voting Rights Advancement Act of 2021

## Sources
- [117-hr-7061 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7061)

## Related
- [117-hr-2471: Consolidated Appropriations Act, 2022](https://policyrisk.com/legislation/117-hr-2471)
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [117-hr-6015: Benjamin Berell Ferencz Congressional Gold Medal Act](https://policyrisk.com/legislation/117-hr-6015)
- [117-hr-5723: Social Security 2100: A Sacred Trust](https://policyrisk.com/legislation/117-hr-5723)
- [117-hr-5577: To designate the facility of the United States Postal Service located at 3900 C…](https://policyrisk.com/legislation/117-hr-5577)
- [117-hr-4: John R. Lewis Voting Rights Advancement Act of 2021](https://policyrisk.com/legislation/117-hr-4)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7061 (as of 2025-11-18).