What is the official ID of this bill?

The official print number for this legislation is S 4111.

When did the legislative process begin?

The process officially started on 2026-03-17.

What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/119/bills/s4111/BILLS-119s4111is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-26.

Who is the primary sponsor?

The primary sponsor is Sen. Whitehouse, Sheldon [D-RI].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 4111

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Big Oil Windfall Profits Tax and Gasoline Rebates for Citizens

Q: What are the main provisions?

Key points include: A 50% tax on excess profits for oil companies producing or importing over 300,000 barrels per day. Direct quarterly cash payments to eligible taxpayers to offset high gasoline costs. Rebates are fully available for individuals earning up to $75,000 (or $150,000 for joint filers), phasing out for higher earners. Establishment of a dedicated 'Protect Consumers from Gas Hikes Fund' to manage and distribute the tax revenue.

This bill imposes a 50% tax on the excess profits of large oil companies and returns that money to taxpayers. The goal is to provide financial relief to individuals facing high gasoline prices through direct quarterly rebates.

Key points

A 50% tax on excess profits for oil companies producing or importing over 300,000 barrels per day.

Direct quarterly cash payments to eligible taxpayers to offset high gasoline costs.

Rebates are fully available for individuals earning up to $75,000 (or $150,000 for joint filers), phasing out for higher earners.

Establishment of a dedicated 'Protect Consumers from Gas Hikes Fund' to manage and distribute the tax revenue.

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Status:

Introduced

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Additional Information

Big Oil Windfall Profits Tax Act

Print number: S 4111

Sponsor: Sen. Whitehouse, Sheldon [D-RI]

Process start date: 2026-03-17

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-3.1-pro-preview

Source data: api.congress.gov

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