Gas Prices Relief Act of 2026

This bill would set the federal gasoline excise tax rate to zero for gasoline removed, entered, or sold from the date the bill becomes law through December 31, 2026. It would also stop the Leaking Underground Storage Tank Trust Fund tax from applying to that gasoline during the same period. The Treasury would 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 revenue. The bill states that fuel producers and dealers should lower prices to pass the tax cut on to consumers, and it allows the Treasury to use its existing authorities to make sure consumers receive the benefit.

Full text and official record on Congress.gov

Sponsors

• Josh Harder Democrat sponsor
• 2 cosponsors