PRIA Logo™
119-s-4908119th CongressWALLET

Gas Money Saved Act

Sponsored By: Senator Markey, Edward J. [D-MA]

Introduced

Summary

Links CAFE reviews to gasoline price spikes. This bill would require the National Highway Traffic Safety Administration to reevaluate whether corporate average fuel economy standards are achieving the maximum feasible fuel economy when gasoline price inflation far outpaces general inflation.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 1 costs, 1 mixed.

Fuel economy review triggered by gas prices

This bill would require the National Highway Traffic Safety Administration (NHTSA) to start a review if gasoline prices rise much faster than overall inflation. The trigger is gasoline prices rising at least five times faster than overall inflation for any period of 180 days or longer, using Bureau of Labor Statistics data. The review would check whether current fuel economy standards achieve the maximum feasible average fuel economy. If the trigger is met, NHTSA would begin the reevaluation process after enactment.

Higher fuel-economy fines for manufacturers

This bill would raise two monetary penalty amounts used to enforce car fuel economy rules. It would change one per-violation amount to $25 and another per-violation amount to $50 in 49 U.S.C. 32912. The change would apply to parties subject to that section and would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Markey, Edward J. [D-MA]

MA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation