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S. 4588: Taxing Buybacks from Big Oil Windfalls Act

119th Congress · introduced 2026-05-20 · Taxation · Latest: Read twice and referred to the Committee on Finance.

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Official title

Taxing Buybacks from Big Oil Windfalls Act

Plain summary

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A “Nay” vote

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What does this mean? (plain words)

Official text

Taxing Buybacks from Big Oil Windfalls Act

Source: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119s4588.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/s>

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The strongest published arguments

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Officials and money

Sponsor: Sen. Wyden, Ron [D-OR] · 16 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Charles E. Schumer (D-NY), Michael F. Bennet (D-CO), Sheldon Whitehouse (D-RI), Peter Welch (D-VT), Andy Kim (D-NJ), Richard Blumenthal (D-CT), Chris Van Hollen (D-MD), Jack Reed (D-RI), Cory A. Booker (D-NJ), Mazie K. Hirono (D-HI), Edward J. Markey (D-MA), Jeff Merkley (D-OR), Brian Schatz (D-HI), Tina Smith (D-MN), Amy Klobuchar (D-MN), Lisa Blunt Rochester (D-DE)

Sponsor's campaign money: Sen. Wyden, Ron [D-OR] reported raising $1.9 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Sources

Record fed-us-cong119-s4588 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills