What does United States Senate Bill S 4588 do?

S 4588: Taxing Buybacks from Big Oil Windfalls Act

When was United States Senate Bill S 4588 introduced?

S 4588 was introduced on May 20, 2026.

What's the current status of United States Senate Bill S 4588?

The latest action on S 4588 by the Senate was: Read twice and referred to the Committee on Finance. on May 20, 2026.

Who introduced United States Senate Bill S 4588?

S 4588 was introduced by Charles E. Schumer.

Bill tracking in US - S 4588 (119 legislative session)

S 4588

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Introduced
May 20, 2026
Passed Senate
Passed House
Became Law

S 4588

United States Senate Bill

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Taxing Buybacks from Big Oil Windfalls Act

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Last Action See all actions

Senate • May 20, 2026: Read twice and referred to the Committee on Finance.

Latest Bill Text See all bill texts

Introduced in Senate

Summary

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Whip Lists

Sponsors

Charles E. Schumer
cosponsor
(D - Senator for NY)
Michael F. Bennet
cosponsor
(D - Senator for CO)
Sheldon Whitehouse
cosponsor
(D - Senator for RI)
Sen. Welch, Peter
cosponsor
Sen. Kim, Andy
cosponsor
Sen. Blumenthal, Richard
cosponsor
Sen. Van Hollen, Chris
cosponsor
Sen. Reed, Jack
cosponsor
Sen. Booker, Cory A.
cosponsor
Sen. Hirono, Mazie K.
cosponsor
Sen. Markey, Edward J.
cosponsor
Sen. Merkley, Jeff
cosponsor
Sen. Schatz, Brian
cosponsor
Sen. Smith, Tina
cosponsor
Sen. Klobuchar, Amy
cosponsor

Votes

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Actions

May 20, 2026 | Senate
- Introduced in Senate
- Read twice and referred to the Committee on Finance.

Bill Texts

Introduced in SenateHTML
Introduced in SenatePDF

Documents

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Sources

https://www.congress.gov/bill/119th-congress/senate-bill/4588
https://www.congress.gov/bill/119th-congress/senate-bill/4588/text

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