US Federal House Bill HB8572

US Federal 2025-2026 Regular Session

• Introduced: 4/29/26
• Refer: 4/29/26

Caption

Gas Prices Relief Act of 2026

Summary

HB8572, the Gas Prices Relief Act of 2026, would create a temporary federal gasoline tax holiday for gasoline removed, entered, or sold from enactment through December 31, 2026. During that period, the federal excise tax rate on gasoline under Internal Revenue Code section 4081 would be set to zero, and the Leaking Underground Storage Tank Trust Fund financing rate would also not apply to gasoline covered by the holiday. To offset the loss of dedicated fuel-tax revenue, the bill directs the Secretary of the Treasury to transfer equivalent amounts from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. It also states congressional policy that consumers should immediately receive the benefit of the tax reduction and that fuel producers and dealers should take steps to lower prices accordingly, while authorizing Treasury to use applicable enforcement authorities to help ensure the savings are passed through to consumers.

Impact

The bill would temporarily suspend key federal gasoline tax collections under the Internal Revenue Code and alter the normal flow of revenues into the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. Although the tax would be reduced to zero for the covered period, the bill preserves trust fund financing by requiring general fund transfers equal to the forgone receipts, so the practical effect is a shift in funding source rather than a permanent reduction in transportation and environmental trust fund support. It would affect gasoline producers, refiners, importers, wholesalers, retailers, and ultimately consumers at the pump.

Sentiment

The available context suggests the bill is framed positively as a consumer relief measure aimed at lowering gasoline prices. The title and text emphasize immediate price relief and direct pass-through of savings to consumers, indicating support for the concept of temporary tax relief. No committee transcript or vote record is available, so there is no documented opposition or recorded legislative debate in the provided materials.

Contention

The main policy issue is whether suspending the gasoline tax would actually reduce pump prices for consumers, since the bill relies on producers and dealers to pass through the savings and gives Treasury enforcement authority to encourage compliance. Another point of concern is fiscal: the bill replaces dedicated fuel-tax revenue with general fund transfers, which may raise questions about federal budget impacts and the long-term financing structure for highways and leaking underground storage tank cleanup. Because no votes or hearing transcripts are provided, specific supporters or opponents are not identified in the record supplied here.