H.R. 8803 proposes to amend the Internal Revenue Code to introduce a windfall profits excise tax specifically on crude oil. The revenue generated from this tax would be rebated back to individual taxpayers. This rebate would continue until the President announces that all hostilities with Iran have ended.
Some media outlets have praised H.R. 8803 as a necessary measure to address the rising costs of crude oil and provide financial relief to American taxpayers. Supporters argue that the bill could help redistribute profits from oil companies during times of geopolitical tension, ensuring that citizens benefit from the revenues generated during crises.
Critics of H.R. 8803 have expressed concerns that imposing a windfall profits tax on crude oil could discourage investment in the energy sector and lead to higher prices at the pump. Some media reports highlight fears that this legislation may not effectively address the underlying issues of energy dependence and could instead complicate the economic landscape.
The analysis of H.R. 8803, which proposes a windfall profits excise tax on crude oil, reveals no direct industry overlaps between the subject matter of the bill and the sponsor's top donor industries. This indicates a low likelihood of conflicts of interest arising from the sponsor's financial backers. The lobbying activity in this area is largely undisclosed, which complicates the assessment but does not directly indicate a financial interest in the bill's provisions. The largest disclosed lobbying amount is $600,000 from the National Electrical Contractors Association, which does not appear to have a direct stake in oil taxation or the implications of this bill. Therefore, the risk of conflicts of interest remains minimal.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION, INC. | NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION, INC. | $600,000 |
| BSA, THE SOFTWARE ALLIANCE | TIM YEHL, LLC | $20,000 |
| ENVISION GROUP LLC | MR. ANDREW FUTEY | undisclosed |
| GESCONTI GROUP,INC. | GESCONTI GROUP,INC. | undisclosed |
| JOHN BRIAN LEDBETTER MISSIONS CORPORATION | JOHN BRIAN LEDBETTER MISSIONS CORPORATION | undisclosed |
| KASICH COMPANY | MARKQUEST | undisclosed |
| MARKQUEST | MARKQUEST | undisclosed |
| AMERICAN FINANCIAL SERVICES ASSOCIATION | MARKQUEST | undisclosed |
| KASICH COMPANY | MARKQUEST | undisclosed |
| AMERICAN LOGISTICS ASSOCIATION | MARKQUEST | undisclosed |
| MARKQUEST | MARKQUEST | undisclosed |
| TRACKONOMY SYSTEMS, INC. | ANCHOR & ARROW LLC | undisclosed |
| HOLLY STRATEGIES INC. ON BEHALF OF 202 GROUP | ANCHOR & ARROW LLC | undisclosed |
| CITY OF ST LOUIS | BRACY TUCKER BROWN & VALANZANO DBA BROWN & ASSOCIATES | undisclosed |
| EMAD EL SAID YOUSSEF SAAD EL-GALADA THROUGH BOLT CAPITAL, LP | NEXUSONE CONSULTING | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Brad Sherman, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
