119 S4908 IS: Gas Money Saved Act U.S. Senate 2026-06-24 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.

II119th CONGRESS2d SessionS. 4908IN THE SENATE OF THE UNITED STATESJune 24, 2026Mr. Markey introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and TransportationA BILLTo require the Administrator of the National Highway Traffic Safety Administration to initiate a process to reevaluate corporate average fuel economy standards, and for other purposes.

1.

Short title

This Act may be cited as the Gas Money Saved Act.

2.

Reevaluation of CAFE standards

(a)

Adjustment

(1)

In general

If the Administrator of the National Highway Traffic Safety Administration, using data published by the Bureau of Labor Statistics, determines that national average prices for gasoline have risen at least 5 times faster than overall inflation over the applicable period described in paragraph (2), the Administrator shall initiate a process to reevaluate whether the current corporate average fuel economy standards are achieving maximum feasible average fuel economy. (2)

Period described

The applicable period referred to in paragraph (1) is— (A) if corporate average fuel economy standards have not previously been adjusted under this subsection, any period of 180 days or longer beginning after the date of enactment of this Act; or (B) if corporate average fuel economy standards have previously been adjusted under this subsection, any period of 180 days or longer beginning after the date of the most recent adjustment. (b)

Restoration of penalties

Section 32912 of title 49, United States Code, is amended—(1)in subsection (b), in the matter preceding paragraph (1), by striking $0.00 and inserting $25; and(2)in subsection (c)(1)(B), by striking $0.00 and inserting $50.