Oil tax money goes back to taxpayers when prices spike.
H.R. 8803 — Iran War Oil Crisis Windfall Profits Tax Act · Filed by Brad Sherman (D-CA) · Introduced May 13, 2026 · Referred to committee
Your members of Congress
Enter a ZIP to see where your representative and both senators stood on this bill.
Looked up on this device — your ZIP is never stored on our servers.
What it does
The bill puts a tax on oil companies. The tax applies when crude oil costs more than $75 per barrel. The government collects this money and gives it back to people. People get the money four times a year as tax credits. The tax stops when Iran hostilities end. It also stops when the Strait of Hormuz reopens. It stops when oil falls below $75 per barrel.
Who it affects
Regular people get money back through tax credits. Oil companies pay the tax. U.S. territories get extra payments.
One thing to notice
The tax only stops if all three conditions happen. If even one does not happen, the tax keeps going.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- May 13, 2026 — Introduced · Congress.gov: “Introduced in House”
- May 13, 2026 — Referred to House Committee on Ways and Means · Congress.gov: “Referred to the House Committee on Ways and Means”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- tax credits — money the government gives back to people, even if they owe no taxes.
- Strait of Hormuz — a narrow waterway between Iran and Oman where oil ships pass through.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (11,776 characters) on Jun 3, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,778 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-11-01.
“Oil tax money goes back to taxpayers when prices spike.” QuorumCivic. https://share.quorumcivic.app/bill/119/hr8803/simple Report an error
The week in bills
One email, Sunday: what Congress passed, what it changed, and who paid.
One link arrives to confirm the address. It is used for this email and nothing else, and every issue carries an unsubscribe link.