Consumer Fuel Costs Relief Act

Mark Kelly

Democrat · AZ · Senator

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Read twice and referred to the Committee on Finance.

2026-09-24

Source: Congress.gov

Plain-English summary pending. Introduced on 2026-09-24. Check back soon — summaries are generated as bills progress through Congress.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 5530 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 5530 To amend the Internal Revenue Code of 1986 to provide a tax holiday for motor and aviation fuels. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES September 24, 2026 Mr. Kelly introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide a tax holiday for motor and aviation fuels. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Consumer Fuel Costs Relief Act''. SEC. 2. TAX HOLIDAY FOR MOTOR AND AVIATION FUELS. (a) In General.--In the case of any taxable fuel removed, entered, or sold on or after the date of the enactment of this Act and before October 1, 2027-- (1) the rate of tax under section 4081(a)(2)(A) of the Internal Revenue Code of 1986 shall be zero, and (2) the Leaking Underground Storage Tank Trust Fund financing rate under section 4081(a)(2)(B) of such Code shall not apply to taxable fuel to which the rate under paragraph (1) applies. (b) Transfers to Trust Fund.-- (1) In general.--The Secretary of the Treasury shall transfer from the general fund to the Airport and Airway Trust Fund established under section 9502(a) of the Internal Revenue Code of 1986, the Highway Trust Fund established under section 9503(a) of such Code, and the Leaking Underground Storage Tank Trust Fund established under section 9508(a) of such Code amounts equal to the reduction in amounts credited (but for this subsection) to each such Trust Fund by reason of subsection (a). (2) Coordination rules.-- (A) Leaking underground storage tank trust fund.-- Amounts transferred to the Leaking Underground Storage Tank Trust Fund under paragraph (1) shall be treated for purposes of sections 9503(b)(1) and 9508(b)(2) of such Code as taxes received in the Treasury under section 4081 of such Code attributable to the Leaking Underground Storage Tank Trust Fund financing rate. (B) Highway trust fund.--Amounts transferred to the Highway Trust Fund under paragraph (1) shall be treated for purposes of section 9503(b)(1) of such Code as taxes received in the Treasury under section 4081 of such Code which are not attributable to the Leaking Underground Storage Tank Trust Fund financing rate. (c) Benefits of Tax Reduction Should Be Passed on to Consumers.-- (1) It is the policy of Congress that-- (A) consumers immediately receive the benefit of the reduction in taxes resulting from the application of subsection (a), (B) transportation motor fuels producers and other dealers take such actions as necessary to reduce transportation motor fuels prices to reflect such reduction, (C) aviation gasoline producers, airline service providers, and other dealers take such actions as necessary to ensure passengers immediately receive the benefit of the reduction in taxes resulting from the application of subsection (a), and (D) transportation motor fuels producers, airline service providers, and other dealers that fail to reduce prices for consumers to reflect such reduction shall be subject to monetary penalties which are not less than the amount of the reduction in taxes which should have been passed on to consumers. (2) Enforcement.-- (A) Treasury.--The Secretary of the Treasury shall use all applicable authorities to ensure that the benefit of the reduction in taxes resulting from the application of subsection (a) is received by consumers. (B) FTC and cftc.--The Federal Trade Commission and the Commodity Futures Trading Commission shall use all applicable authorities…

to monitor oil, diesel, and gasoline markets to prevent price gouging and market manipulation in such markets. (d) Taxable Fuel.--For purposes of this section, the term ``taxable fuel'' has the same meaning given such term under section 4083(a)(1) of the Internal Revenue Code of 1986. <all>

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