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Transportation Fuel Market Transparency Act

USA117th CongressHR-7800| House 
| Updated: 5/17/2022
Mike Levin

Mike Levin

Democratic Representative

California

Cosponsors (1)
Chris Pappas (Democratic)

Energy and Commerce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 17, 2022
Introduced in House
May 17, 2022
Referred to the House Committee on Energy and Commerce.
Jun 22, 2022

Latest Companion Bill Action

S 117-4217
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • May 17, 2022
    Introduced in House


  • May 17, 2022
    Referred to the House Committee on Energy and Commerce.


  • June 22, 2022

    Latest Companion Bill Action

    S 117-4217
    Committee on Banking, Housing, and Urban Affairs. Hearings held.

Energy

Related Bills

  • S 117-4217: Transportation Fuel Market Transparency Act
Alternative and renewable resourcesAviation and airportsCivil actions and liabilityCompetition and antitrustConsumer affairsEnergy pricesExecutive agency funding and structureFederal Trade Commission (FTC)Fraud offenses and financial crimesGovernment information and archivesLighting, heating, coolingMotor fuelsOil and gas

Transportation Fuel Market Transparency Act

USA117th CongressHR-7800| House 
| Updated: 5/17/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 17, 2022
Introduced in House
May 17, 2022
Referred to the House Committee on Energy and Commerce.
Jun 22, 2022

Latest Companion Bill Action

S 117-4217
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • May 17, 2022
    Introduced in House


  • May 17, 2022
    Referred to the House Committee on Energy and Commerce.


  • June 22, 2022

    Latest Companion Bill Action

    S 117-4217
    Committee on Banking, Housing, and Urban Affairs. Hearings held.
Mike Levin

Mike Levin

Democratic Representative

California

Cosponsors (1)
Chris Pappas (Democratic)

Energy and Commerce Committee

Energy

Related Bills

  • S 117-4217: Transportation Fuel Market Transparency Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative and renewable resourcesAviation and airportsCivil actions and liabilityCompetition and antitrustConsumer affairsEnergy pricesExecutive agency funding and structureFederal Trade Commission (FTC)Fraud offenses and financial crimesGovernment information and archivesLighting, heating, coolingMotor fuelsOil and gas