Consumer Fuel Costs Relief Act

This bill would set the federal excise tax rate on taxable fuels such as gasoline, diesel, and aviation fuel at zero from the date it becomes law until October 1, 2027. During that time, the separate fee that funds the Leaking Underground Storage Tank Trust Fund would also not apply to that fuel. The Treasury would move money from the general fund into the Highway Trust Fund, the Airport and Airway Trust Fund, and the Leaking Underground Storage Tank Trust Fund to replace the lost tax revenue. The bill states that it is the policy of Congress that fuel sellers and airlines pass the tax savings on to consumers, and it directs the Treasury, the Federal Trade Commission, and the Commodity Futures Trading Commission to use their existing powers to enforce this and to monitor fuel markets for price gouging and manipulation.

Full text and official record on Congress.gov

Sponsors

• Mark Kelly Democrat sponsor
• 0 cosponsors