Bill · S. 4032· Senate(119-S-4032)
Gas Prices Relief Act of 2026
- Introduced
- 3/9/2026
- Last activity
- 3/9/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Mark Kelly
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill is called the Gas Prices Relief Act of 2026. It temporarily sets the gasoline tax rate to zero and stops the Leaking Underground Storage Tank Trust Fund financing rate for gasoline from the date the Act is enacted until October 1, 2026. The bill requires the Secretary of the Treasury to transfer money from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund to make up for the lost tax amounts. It also states the policy of Congress that consumers should immediately receive the benefit of these tax reductions through lower fuel prices. Transportation motor fuels producers and other dealers who fail to reduce their prices will face monetary penalties at least equal to the tax reduction that should have been passed on. Finally, the Secretary of the Treasury is directed to enforce that consumers receive these tax reduction benefits.
Yes· 3 of 17
Is this likely to lower the price at the pump?+8
The core purpose of the bill is to provide a temporary holiday on gasoline taxes to lower pump prices for consumers.
Does this cut taxes for middle-income families?+5
The bill temporarily eliminates the federal gasoline tax, reducing the tax burden on middle-class drivers.
Would households on low incomes be better off under this?+4
Lower-income households spend a higher proportion of income on transportation fuels, benefiting from the tax holiday.
The opposite
Does this make the government pay for what it commits to?-2
The bill requires general fund transfers to cover trust fund shortfalls, bypassing standard revenue collection.
Does this cut the pollution that drives climate change?-2
Lowering gasoline prices could potentially encourage higher fossil fuel consumption.
Who it would affect, and how
Potential Positive Impacts for People
-
Section 2(a): This section sets the gasoline tax rate and the Leaking Underground Storage Tank Trust Fund financing rate to zero for gasoline sold before October 1, 2026. This might be considered positive because it temporarily removes these specific taxes on gasoline for the people.
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Section 2(c): This section states it is the policy of Congress that consumers immediately receive the benefit of the tax reduction through reduced transportation motor fuels prices. Dealers and producers who fail to pass these savings on will face monetary penalties of at least the tax reduction amount, and the Secretary of the Treasury must enforce this. This could be considered positive because it aims to hold sellers accountable and put money back into the pockets of the people.
Potential Negative Impacts for People
Based on the provided text, there are no explicitly stated negative impacts or burdens for individuals or groups of people in the United States.
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 Low Income Households+4Good For Middle Class Households+4Good For Rural Residents+4Good For Farmers+3Good For Middle Aged+3Good For Young Adults+3Good For Business Owners+2Good For Retirees+2Good For Seniors+2Good For Students+2Good For Urban Residents+2Good For High Income Households+1
- Economy And Finance
- Reduces Middle Class Taxes+5Improves Consumer Protection+4Reduces Inflation+3Improves Fiscal Responsibility-2
- Environment Energy And Infrastructure
- Reduces Gas Prices+8Reduces Carbon Emissions-2
- Governance And Ideology
- Increases Federal Power+2
- 3/9/2026
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
4 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.
Richard BlumenthalDemocrat · Connecticut