# 119-s-4111: Big Oil Windfall Profits Tax Act

119-s-4111, Big Oil Windfall Profits Tax Act, is a 119th Congress bill sponsored by Sen. Whitehouse, Sheldon [D-RI] (D-RI); status introduced; PRIA reads it as touching household money (as of 2026-05-14).

- Canonical: https://policyrisk.com/legislation/119-s-4111
- As of: 2026-05-14
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4111
- Congress: 119
- Title: Big Oil Windfall Profits Tax Act
- Status: introduced
- Introduced: 2026-03-17
- Sponsor: Sen. Whitehouse, Sheldon [D-RI] (D-RI)
- Cosponsors: 13
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-05-14

## Summary

**Taxes windfall oil profits to fund gasoline rebates for households.** The bill creates a per-barrel windfall tax tied to quarterly Brent crude prices and sets up a dedicated Treasury fund to pay refundable gasoline rebates to eligible individuals. - Families and households: Provides refundable quarterly gasoline rebates based on fund revenue. Joint filers get 150% of the individual rebate and rebates phase down above $75,000 of adjusted gross income. - Oil producers and importers: Imposes a per-barrel excise tax equal to 50% of the amount the quarter’s Brent price exceeds a 2025 baseline. The tax applies to crude and similar liquids and targets taxpayers averaging more than 300,000 barrels per day. - Treasury, administration, and territories: Creates the Protect Consumers from Gas Price Hikes Fund to receive transfers equal to tax receipts and to finance refunds. The bill adds ID and filing rules, an Armed Forces exception, and payments to U.S. possessions, and takes effect for crude handled after December 31, 2025.

## Cosponsors (13)

- Sen. Baldwin, Tammy [D-WI] (D-WI), 2026-03-17T00:00:00.000Z
- Sen. Blumenthal, Richard [D-CT] (D-CT), 2026-03-17T00:00:00.000Z
- Sen. Booker, Cory A. [D-NJ] (D-NJ), 2026-03-17T00:00:00.000Z
- Sen. Kaine, Tim [D-VA] (D-VA), 2026-03-17T00:00:00.000Z
- Sen. Markey, Edward J. [D-MA] (D-MA), 2026-03-17T00:00:00.000Z
- Sen. Merkley, Jeff [D-OR] (D-OR), 2026-03-17T00:00:00.000Z
- Sen. Murphy, Christopher [D-CT] (D-CT), 2026-03-17T00:00:00.000Z
- Sen. Reed, Jack [D-RI] (D-RI), 2026-03-17T00:00:00.000Z
- Sen. Sanders, Bernard [I-VT] (I-VT), 2026-03-17T00:00:00.000Z
- Sen. Smith, Tina [D-MN] (D-MN), 2026-03-17T00:00:00.000Z
- Sen. Warren, Elizabeth [D-MA] (D-MA), 2026-03-17T00:00:00.000Z
- Sen. Hirono, Mazie K. [D-HI] (D-HI), 2026-03-18T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2026-05-12T00:00:00.000Z

## Provisions PRIA read

- Quarterly gasoline rebates for households: benefit, high. If enacted, this would create a refundable gasoline-price rebate for tax years after December 31, 2025. The Treasury would set a quarterly per-person rebate within 30 days after each quarter, using windfall tax revenue and the number of eligible individuals. Joint filers would get 150% of the singl…
- New windfall oil tax for producers: cost, high. If enacted, this would impose a quarterly excise tax on large crude oil producers and importers for crude removed or entered after December 31, 2025. The tax would apply only to 'covered taxpayers' that average over 300,000 barrels per day in 2025 or in a quarter. The per-barrel tax would equal 50%…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-3869: Healthy Families Act
- 119-s-51: Washington, D.C. Admission Act
- 119-s-5108: Right to IVF Act of 2026
- 119-s-1503: Equality Act
- 119-s-852: Richard L. Trumka Protecting the Right to Organize Act of 2025

## Sources
- [119-s-4111 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4111)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [119-s-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-s-51)
- [119-s-5108: Right to IVF Act of 2026](https://policyrisk.com/legislation/119-s-5108)
- [119-s-1503: Equality Act](https://policyrisk.com/legislation/119-s-1503)
- [119-s-852: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-s-852)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4111 (as of 2026-05-14).