Bill > S4217

This bill, the Transportation Fuel Market Transparency Act, aims to ensure transparent and competitive transportation fuel markets in order to protect consumers from unwarranted price increases. The key provisions include: 1) Expanding the prohibitions on market manipulation and false information in the Energy Independence and Security Act of 2007 to cover transportation fuels beyond just gasoline and petroleum distillates. 2) Establishing a Transportation Fuel Monitoring and Enforcement Unit within the Federal Trade Commission to continuously monitor and analyze crude oil and transportation fuel market data to identify any market manipulation or unfair practices. 3) Requiring the Department of Energy's Energy Information Administration to conduct comprehensive surveys of energy companies to collect detailed data on the production, importation, exportation, refining, storage, and sale of crude oil and transportation fuels, including biofuels. This data will be publicly shared to facilitate market transparency. The bill aims to empower federal agencies to better monitor and enforce fair and competitive practices in the transportation fuel market to protect consumers from unjustified price increases.

Transportation and Infrastructure

https://www.congress.gov/bill/117th-congress/senate-bill/4217/all-info