S. 4588: Taxing Buybacks from Big Oil Windfalls Act
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2026-05-20 |
| Sponsor | Sen. Wyden, Ron [D-OR] |
| Policy area | Taxation |
| Cosponsors | 16 |
| Latest action | 2026-05-20 — Read twice and referred to the Committee on Finance. |
| Last updated | 2026-06-23 |
Summary
An official summary for this measure has not been published by Congress. The full text is available on congress.gov.
Cosponsors (16)
| Name | Party / state |
|---|---|
| Charles E. Schumer | D NY (original cosponsor) 2026-05-20 |
| Michael F. Bennet | D CO (original cosponsor) 2026-05-20 |
| Sheldon Whitehouse | D RI (original cosponsor) 2026-05-20 |
| Peter Welch | D VT (original cosponsor) 2026-05-20 |
| Andy Kim | D NJ (original cosponsor) 2026-05-20 |
| Richard Blumenthal | D CT (original cosponsor) 2026-05-20 |
| Chris Van Hollen | D MD (original cosponsor) 2026-05-20 |
| Jack Reed | D RI (original cosponsor) 2026-05-20 |
| Cory A. Booker | D NJ (original cosponsor) 2026-05-20 |
| Mazie K. Hirono | D HI (original cosponsor) 2026-05-20 |
| Edward J. Markey | D MA (original cosponsor) 2026-05-20 |
| Jeff Merkley | D OR (original cosponsor) 2026-05-20 |
| Brian Schatz | D HI (original cosponsor) 2026-05-20 |
| Tina Smith | D MN (original cosponsor) 2026-05-20 |
| Amy Klobuchar | D MN 2026-06-01 |
| Lisa Blunt Rochester | D DE 2026-06-15 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 4588 are published by Congress on congress.gov.
View S. 4588 on congress.gov →
Frequently asked questions
What is S. 4588?
S. 4588 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Taxing Buybacks from Big Oil Windfalls Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 4588 are available on congress.gov.
Bill data: congress.gov API (official congressional records).