119th Congress · introduced in the Senate · May 20, 2026
Taxing Buybacks from Big Oil Windfalls Act
Official title from Congress.gov
Latest action (May 20, 2026): Read twice and referred to the Committee on Finance.
View on Congress.govPolicy area: Taxation
No official summary has been published for this bill.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Read twice and referred to the Committee on Finance.
Introduced in Senate
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
3 citations.
PHILLIPS 66 · lobbying firm or registrant: PHILLIPS 66
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Taxation/Internal Revenue Code
$1,280,000
Spent on own lobbying
S. 4588, Taxing Buybacks from Big Oil Windfalls Act; S. 4111 and H.R. 7960, Big Oil Windfall Profits Tax Act; S. 4784, Section 815 - Limitations Relating to Capital Di…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
LEAGUE OF CONSERVATION VOTERS · lobbying firm or registrant: LEAGUE OF CONSERVATION VOTERS
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Taxation/Internal Revenue Code
$230,000
Spent on own lobbying
Supported H.R.7960, the Big Oil Windfall Profits Tax Act. Supported S.4111, the Big Oil Windfall Profits Tax Act. Supported S.4588, the Taxing Buybacks from Big Oil Windfalls Act.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PHILLIPS 66 · lobbying firm or registrant: PHILLIPS 66
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Taxation/Internal Revenue Code
$1,320,000
Spent on own lobbying
S. 4588, Taxing Buybacks from Big Oil Windfalls Act; S. 4111 and H.R. 7960, Big Oil Windfall Profits Tax Act; S. 4784, Section 815 - Limitations Relating to Capital Di…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing