Bill · S. 4908· Senate(119-S-4908)
Gas Money Saved Act
- Introduced
- 6/24/2026
- Last activity
- 6/24/2026 — Read twice and referred to the Committee on Commerce, Science, and Transportation.
- Sponsored by
- Edward Markey
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the "Gas Money Saved Act," requires the Administrator of the National Highway Traffic Safety Administration to reevaluate corporate average fuel economy standards. This reevaluation process is triggered if gasoline prices rise at least five times faster than overall inflation. The bill establishes specific timeframes for when this evaluation can occur based on whether previous adjustments have been made. Additionally, the legislation seeks to amend existing law regarding specific penalties.
Yes· 3 of 7
Would households on low incomes be better off under this?+2
The bill targets mechanisms to mitigate the burden of rapidly rising gasoline prices which disproportionately affect low-income households.
Would middle-income households be better off under this?+2
The bill provides a mechanism to respond to gasoline price surges that affect middle-class budgets.
Would people in rural areas be better off under this?+2
The bill may help rural residents who are more dependent on automobiles and sensitive to gasoline price increases.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Reevaluation of fuel economy standards: If gasoline prices spike significantly compared to inflation, the Administrator must check if current standards are achieving maximum feasible average fuel economy. This could lead to better fuel economy standards (Section 2(a)(1)).
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Restoration of financial penalties: The bill amends title 49 of the United States Code to replace "$0.00" with "$25" in subsection (b) and "$50" in subsection (c)(1)(B). This restores specific penalty amounts (Section 2(b)).
Potential Negative Impacts for People
- No specific negative impacts are explicitly detailed in the text provided.
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+2Good For Middle Class Households+2Good For Rural Residents+2
- Environment Energy And Infrastructure
- Reduces Carbon Emissions+2Reduces Gas Prices+2
- Economy And Finance
- Improves Consumer Protection+2Reduces Inflation+1
- 6/24/2026
- Read twice and referred to the Committee on Commerce, Science, and Transportation.
- Introduced in Senate