United States HR 8803: 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.
Status: Introduced in House (as of 2026-05-13)
State: United States · Session: 119 · Bill: HR 8803
Sponsors: Brad Sherman
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