U.S. Senate · 119th Congress · S. 4588
Taxing Buybacks from Big Oil Windfalls Act
A bill to amend the Internal Revenue Code of 1986 to increase the excise tax for the repurchase of corporate stock by large oil and gas companies.
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- Sponsor
- Ron WydenD-OR
- Introduced
- May 20, 2026, in the Senate
- Issue areas
- Policy area
- Taxation (from the Congressional Research Service)
- Full text and actions
- congress.gov
Votes on this bill (0)
Neither the House nor the Senate has held a roll-call vote on this bill.
Cosponsors (16)
16 Democrats. Each member is shown with the party they were counted with on the day they signed on. How we count these
Original cosponsors
- Michael F. BennetD-CO
- Richard BlumenthalD-CT
- Cory A. BookerD-NJ
- Mazie K. HironoD-HI
- Andy KimD-NJ
- Edward J. MarkeyD-MA
- Jeff MerkleyD-OR
- Jack ReedD-RI
- Brian SchatzD-HI
- Charles E. SchumerD-NY
- Tina SmithD-MN
- Chris Van HollenD-MD
- Peter WelchD-VT
- Sheldon WhitehouseD-RI
Signed on later
- Amy KlobucharD-MNJune 1, 2026
- Lisa Blunt RochesterD-DEJune 15, 2026