Bill · H.R. 7919· House(119-HR-7919)
Gas Prices Relief Act of 2026
- Introduced
- 3/12/2026
- Last activity
- 3/12/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Chris Pappas
- Cosponsors
- - 4 - 0
- Introduced
- In Committee
What this bill would do
The Gas Prices Relief Act of 2026 aims to amend the Internal Revenue Code of 1986 to establish a gasoline tax holiday. Under this bill, the tax rate for gasoline sold between the date of enactment and October 1, 2026, would be zero. This change also removes the Leaking Underground Storage Tank Trust Fund financing rate for that gasoline. To prevent a loss in funding, the Secretary of the Treasury would transfer money from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. Finally, the bill establishes a policy that the benefits of this tax reduction must be passed on to consumers.
Yes· 3 of 35
Is this likely to lower the price at the pump?+10
The primary objective of the bill is to eliminate the gasoline tax to lower prices.
Would people in rural areas be better off under this?+7
Rural residents have higher mileage needs and are most impacted by gas price fluctuations.
Would households on low incomes be better off under this?+6
Low-income households spend a larger percentage of their income on gasoline.
The opposite· 3 of 11
Does this cut the pollution that drives climate change?-4
Lowering gas prices may incentivize increased fuel consumption and carbon emissions.
Does this reduce what the federal government owes?-3
The bill requires transferring funds from the general fund to trust funds to cover lost tax revenue, potentially increasing the deficit.
Does this make the government pay for what it commits to?-3
Relies on general fund transfers to subsidize a tax holiday.
Who it would affect, and how
Potential Positive Impacts for People
-
Lower Gasoline Costs: The rate of tax under section 4081(a)(2)(A)(i) of the Internal Revenue Code of 1986 would be reduced to zero, which is intended to allow consumers to immediately receive the benefit of the reduction in taxes (Section 2(a)(1) and Section 2(c)(1)(A)).
-
Price Reductions from Dealers: The bill states it is the policy of Congress that transportation motor fuels producers and other dealers take necessary actions to reduce prices to reflect the tax reduction (Section 2(c)(1)(B)).
Potential Negative Impacts for People
- Monetary Penalties for Producers: Transportation motor fuels producers and other dealers that fail to reduce prices to reflect the tax reduction may be subject to monetary penalties that are at least equal to the amount of the tax reduction that should have been passed on to consumers (Section 2(c)(1)(C)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Rural Residents+7Good For Low Income Households+6Good For Farmers+5Good For Middle Class Households+5Good For Students+5Good For Middle Aged+4Good For Native Americans+4Good For People With Disabilities+4Good For Retirees+4Good For Seniors+4Good For Union Workers+4Good For Young Adults+4Good For African Americans+3Good For Asian Americans+3Good For Hispanic Americans+3Good For Immigrants+3Good For L G B T Q Community+3Good For Men+3Good For Urban Residents+3Good For Veterans+3Good For White Americans+3Good For Women+3Good For High Income Households+2Good For Billionaires+1Good For Children+1Good For High Net Worth Individuals+1Good For Ultra High Net Worth Individuals+1Good For Business Owners-2
- Governance And Ideology
- Increases Federal Power+2
- Social Issues And Justice
- Improves Poverty Reduction+2
- Economy And Finance
- Improves Consumer Protection+4Reduces Middle Class Taxes+3Improves Economic Growth+2Reduces Inflation+2Improves Fiscal Responsibility-3Reduces National Debt-3Improves Small Business Support-2Reduces Government Spending-2Reduces Small Business Taxes-2
- Environment Energy And Infrastructure
- Reduces Gas Prices+10Improves Rural Development+3Reduces Carbon Emissions-4Reduces Fossil Fuel Production-3Improves Environmental Protections-2Improves Public Transit-2Increases Renewable Energy Investment-2
- 5/15/2026
- 1 Cosponsor added.
- 5/13/2026
- 1 Cosponsor added.
- 5/12/2026
- 2 Cosponsors added.
- 3/12/2026
- Referred to the House Committee on Ways and Means.
- Introduced in House
3 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Mike LevinDemocrat · California
Greg LandsmanDemocrat · Ohio
Josh RileyDemocrat · New York
Eugene VindmanDemocrat · Virginia