Taxing Buybacks from Big Oil Windfalls Act

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 2 Sponsors

Introduced in Senate May 20, 2026 · 895 words Open full page ↗

119TH CONGRESS

2D SESSION

S. 4588

To amend the Internal Revenue Code of 1986 to increase the excise tax

for the repurchase of corporate stock by large oil and gas companies.

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PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base Introduced — base rate 2%, measured from US's completed sessions
Momentum -4 33/100 from the pace of recorded action
Time since last action -21 146 days quiet

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.