The public record · 119th Congress

Iran War Oil Crisis Windfall Profits Tax Act

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Other titles

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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.Official Title as Introduced

Iran War Oil Crisis Windfall Profits Tax ActShort Title(s) as Introduced

Legislative history

H.R. 8803·House·Bill·Taxation

Rep. Brad Sherman(Democratic-California-32)

May 13, 2026

IntroducedIntroduced in House

May 13, 2026

HouseReferred to the House Committee on Ways and Means.

Documents

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Bill text

May 13, 2026As introduced in the House