Legis Daily

Gas Money Saved Act

USA119th CongressS-4908| Senate 
| Updated: 6/24/2026
Edward J. Markey

Edward J. Markey

Democratic Senator

Massachusetts

Commerce, Science, and Transportation Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill mandates that the Administrator of the National Highway Traffic Safety Administration (NHTSA) initiate a process to reevaluate corporate average fuel economy (CAFE) standards . This reevaluation is triggered if national average gasoline prices rise at least five times faster than overall inflation over a period of 180 days or longer, with the goal of determining if current standards achieve maximum feasible average fuel economy . Furthermore, the legislation amends existing law to restore penalties for manufacturers who fail to meet the established CAFE standards. Specifically, it increases the penalty from $0.00 to $25 in one subsection and from $0.00 to $50 in another, thereby reinstating financial consequences for non-compliance.
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Timeline

Bill from Previous Congress

S 116-1022
GAS MONEY Saved Act
Jun 24, 2026
Introduced in Senate
Jun 24, 2026
Read twice and referred to the Committee on Commerce, Science, and Transportation.
  • Bill from Previous Congress

    S 116-1022
    GAS MONEY Saved Act


  • June 24, 2026
    Introduced in Senate


  • June 24, 2026
    Read twice and referred to the Committee on Commerce, Science, and Transportation.

Transportation and Public Works

Gas Money Saved Act

USA119th CongressS-4908| Senate 
| Updated: 6/24/2026
This bill mandates that the Administrator of the National Highway Traffic Safety Administration (NHTSA) initiate a process to reevaluate corporate average fuel economy (CAFE) standards . This reevaluation is triggered if national average gasoline prices rise at least five times faster than overall inflation over a period of 180 days or longer, with the goal of determining if current standards achieve maximum feasible average fuel economy . Furthermore, the legislation amends existing law to restore penalties for manufacturers who fail to meet the established CAFE standards. Specifically, it increases the penalty from $0.00 to $25 in one subsection and from $0.00 to $50 in another, thereby reinstating financial consequences for non-compliance.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-1022
GAS MONEY Saved Act
Jun 24, 2026
Introduced in Senate
Jun 24, 2026
Read twice and referred to the Committee on Commerce, Science, and Transportation.
  • Bill from Previous Congress

    S 116-1022
    GAS MONEY Saved Act


  • June 24, 2026
    Introduced in Senate


  • June 24, 2026
    Read twice and referred to the Committee on Commerce, Science, and Transportation.
Edward J. Markey

Edward J. Markey

Democratic Senator

Massachusetts

Commerce, Science, and Transportation Committee

Transportation and Public Works

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted