3.0.0 4217 2022-12-29T16:48:36Z 2022-12-29T16:48:36Z Senate S 2022-05-12 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2022-06-22T18:21:01Z sscm00 Commerce, Science, and Transportation Committee Senate Standing Referred to 2022-05-12T20:23:24Z Transportation Fuel Market Transparency Act 117 7800 HR 2022-05-17 Referred to the House Committee on Energy and Commerce. Identical bill CRS 2022-06-22 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2022-05-25 sscm00 Commerce, Science, and Transportation Committee Senate Committee on Commerce, Science, and Transportation. Failed to report favorably. Committee 2022-05-12 sscm00 Commerce, Science, and Transportation Committee Senate Read twice and referred to the Committee on Commerce, Science, and Transportation. IntroReferral 2022-05-12 Introduced in Senate IntroReferral 10000 9 Library of Congress C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA N W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2022-05-12 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2022-05-12 True C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2022-06-09 False Energy Alternative and renewable resources Aviation and airports Civil actions and liability Competition and antitrust Consumer affairs Energy prices Executive agency funding and structure Federal Trade Commission (FTC) Fraud offenses and financial crimes Government information and archives Lighting, heating, cooling Motor fuels Oil and gas Energy 00 2022-05-12 Introduced in Senate 2022-06-01T17:39:32Z Transportation Fuel Market Transparency Act

This bill expands prohibitions against manipulating fuel markets, establishes a body within the Federal Trade Commission (FTC) to monitor fuel markets to ensure competitiveness, and addresses related issues.

Prohibitions against the manipulation of wholesale fuel markets or reporting false (or misleading) information shall apply to actions related to crude oil and transportation fuel, defined in this bill to include gasoline, distillate fuels, jet fuel, aviation gasoline, and biofuel. Currently, such prohibitions only apply to crude oil, gasoline, and petroleum distillates.

The bill further expands the prohibition on reporting false information to include such information that (1) concerns the supply of, operational actions related to, or output related to wholesale fuel markets; (2) is not required to be reported by law; or (3) affects the analyses or data compiled by a private sector price-reporting agency.

The bill also increases the maximum civil penalty for violating these prohibitions from $1 million to $2 million for each day of the violation.

Furthermore, the bill establishes within the FTC the Transportation Fuel Monitoring and Enforcement Unit. The unit must continuously and comprehensively collect and analyze fuel market data to support competitive market practices, identify market manipulation and other unfair methods of competition, and facilitate enforcement of competition-related statutes.

The Energy Information Administration within the Department of Energy must collect data to facilitate transparent and competitive transportation fuel markets, determine adherence to sanctions, and protect consumers.

]]> Transportation Fuel Market Transparency Act Display Title Transportation Fuel Market Transparency Act Short Title(s) as Introduced Transportation Fuel Market Transparency Act Introduced in Senate IS Official Title as Introduced A bill to ensure transparent and competitive transportation fuel markets in order to protect consumers from unwarranted price increases. Introduced in Senate IS Introduced in Senate 2022-05-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4217is/xml/BILLS-117s4217is.xml 2022-06-22 Committee on Banking, Housing, and Urban Affairs. Hearings held. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.