Lawmakers from non-producer states have been working to assemble a challenge on Rousseff's move, which would restrict increased distribution to only future production.
In a dramatic and "tumultous" session, the House voted 348 to 84 and the Senate 60 to 7 to review the veto as soon as next Tuesday, the O Globo newspaper reported at mid-afternoon.
Rio de Janeiro, Espirito Santo and other producer states argue they are entitled to a larger cut of government oil revenues given the environmental risks and infrastructure expenses taken, and to peel away income now would unfairly compromise social services.
Representatives