[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4804 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4804

 To require that fines paid to the United States as a result of motor 
fuel price investigations shall be rebated to consumers in the form of 
             reductions in Federal motor fuel excise taxes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 29, 2000

  Mr. Stupak introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
 To require that fines paid to the United States as a result of motor 
fuel price investigations shall be rebated to consumers in the form of 
             reductions in Federal motor fuel excise taxes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Gas Price Equity Act of 2000''.

SEC. 2. REBATE TO CONSUMERS OF FINES PAID TO UNITED STATES AS A RESULT 
              OF MOTOR FUEL PRICE INVESTIGATIONS.

    (a) In General.--If, as a result of any investigation by the United 
States into motor fuel prices, any person or entity pays a fine or 
other penalty to the United States, the amount so paid shall be rebated 
to consumers as provided in subsection (b).
    (b) Excise Tax Reductions.--
            (1) In general.--The rates of tax under the Internal 
        Revenue Code of 1986 on any motor fuel shall be reduced by the 
        amount (and for the period) determined by the Secretary of the 
        Treasury to be necessary to carry out this section with respect 
        to such fuel.
            (2) Amount of reduction.--The amount of fuel tax rate 
        reduction shall, with respect to any fuel, be the amount which 
        will result in a reduction in revenues to the United States 
        equal to the amount of fines and other amounts referred to in 
        subsection (a) with respect to such fuel.
            (3) Regional differentiation.--The Secretary of the 
        Treasury shall, to the extent possible, provide for fuel tax 
        rate reductions in any region which are proportional to the 
        extent of the conduct (to which the fine or other amount 
        relates) which occurred in such region.
            (4) Reductions to be reflected in retail price.--The 
        Secretary of the Treasury shall take all reasonable steps to 
        attempt to ensure that the reductions under this Act are 
        reflected in the retail price of the fuel.
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