Bill > HR8572

This bill, titled the "Gas Prices Relief Act of 2026," proposes a temporary "gasoline tax holiday" by setting the federal tax rate on gasoline to zero and suspending the Leaking Underground Storage Tank Trust Fund financing rate for gasoline from the date the bill is enacted until January 1, 2027. The bill also mandates that the Secretary of the Treasury will transfer funds from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund to compensate for the lost tax revenue. Furthermore, it expresses Congress's policy that consumers should immediately benefit from this tax reduction, and that fuel producers and dealers should lower prices accordingly, with the Treasury Secretary empowered to enforce this pass-through of savings.