Latest action: Read twice and referred to the Committee on Finance.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Proposes a tax on oil company stock buybacks to target windfall profits.
The problem
Oil companies have made record profits during energy price spikes, using some earnings to buy back their own stock instead of investing in production or returning money to consumers.
The proposal
Establishes a new tax on oil and gas company stock buyback programs, generating federal revenue from these corporate repurchase activities.
The impact
Oil companies would pay taxes on buyback spending; consumers, investors, and government budgets could be affected through corporate strategy changes and tax revenue shifts.
Creates new federal tax revenue from a specific corporate activity, potentially funding other government programs or reducing deficits.
Reduces incentives for companies to use profits for stock buybacks rather than reinvestment in production, research, or workforce expansion.
Focuses taxation on companies experiencing unusually high profits during energy market spikes, capturing revenue during peak earning periods.
Redirects corporate profits that might otherwise go to shareholders toward public priorities, addressing fairness concerns during price surges.
Discouraging buybacks could lower stock prices, hurting retirement accounts, pension funds, and individual investors who own energy company shares.
Companies facing new taxes might reduce future investments in oil production and exploration, potentially affecting energy supply and prices.
U.S. oil companies operating globally might face disadvantages if international competitors lack similar buyback taxes.
Focusing only on oil and gas may appear inconsistent if other industries use buybacks for similar purposes without facing the same tax.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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