Bills · S 4032
IN COMMITTEE· 119TH CONGRESS
Senate BillS 4032Taxation
Gas Prices Relief Act of 2026
INTRO MAR 9· LAST ACTION MAR 9
READING
3MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it directly addresses the cost of living for many Americans by aiming to reduce gasoline prices, a significant expense for households and businesses. If enacted, it could offer immediate, albeit temporary, financial relief for anyone who buys gas, potentially stimulating consumer spending in other areas or easing budget pressures.
Without this bill, the federal gas tax would continue to be collected, potentially keeping gas prices higher. The bill also includes provisions to protect the funding for critical infrastructure projects like roads and bridges, and environmental cleanup efforts. This ensures that a temporary tax cut doesn't inadvertently lead to underfunded maintenance or safety programs, by replacing the lost revenue from other government sources.
KEY PROVISIONS
3AI-extractedPROVISION 01
Suspends the federal gasoline tax until October 1, 2026.
This directly aims to reduce the price of gasoline for consumers by removing the federal portion of the tax.
PROVISION 02
Requires the Treasury Department to transfer equivalent funds from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund.
This ensures that critical infrastructure and environmental cleanup programs maintain their funding despite the temporary tax suspension.
PROVISION 03
States that the benefit of the tax reduction should be passed on to consumers and directs enforcement.
This provision is intended to guarantee that consumers actually see lower prices at the pump and that fuel companies don't keep the savings.
SPONSORSHIP
1 + 1
D· Arizona
YRS IN OFFICE
5
BILLS LED
57
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSMAR 9
Introduced in Senate
MAR 9
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 4032
Congress119th
StatusIn Committee
IntroducedMar 9, 2026
Last actionMar 9, 2026
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IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED MAR 9, 2026
Senate BillS 4032Taxation
Gas Prices Relief Act of 2026
INTRODUCED MAR 9, 2026· LAST ACTION MAR 9, 2026
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
1
COMPLEXITY
Moderate
