In May 2026, the average price of a gallon of gasoline for U.S. consumers had increased more than $1.50 compared with the price in February 2026. President Trump and multiple Members of Congress have proposed suspending the federal excise tax on gasoline as a way to potentially offset this price increase. The gas tax…
Read the report ↗S. 4485 (119th)Congressional Activities
A bill to amend the Internal Revenue Code of 1986 to provide a tax holiday for gasoline and diesel fuel.
domestic policy
Sponsor
Cosponsors
Support
Republican
Introduced
May 11, 2026
Discussions
Current stageCommittee
Read twice and referred to the Committee on Finance.
Introduced
Committee
Floor
President
Law
New source material
Congressional Activities
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CRS reports1
CRS Reports
Nonpartisan Congressional Research Service analysis linked directly to this bill.
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Congressional Research Service
CRS analysis
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