I 

117TH CONGRESS 

2D SESSION H. R. 6787 

To amend the Internal Revenue Code of 1986 to provide a gasoline tax 

holiday. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 18, 2022 

Mr. O’HALLERAN (for himself, Ms. DAVIDS of Kansas, Ms. SCHRIER, Mr. 

HARDER of California, Mr. KILDEE, Mr. CORREA, Ms. SLOTKIN, Mrs. 

CHERFILUS-MCCORMICK, and Mr. MORELLE) introduced the following 

bill; which was referred to the Committee on Ways and Means 

A BILL 

To amend the Internal Revenue Code of 1986 to provide 

a gasoline tax holiday. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Gas Prices Relief Act 

5 of 2022’’. 

6 SEC. 2. FINDINGS. 

7 Congress finds the following: 


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1 (1) As of February 2022, the Consumer Price 

2 Index rose 7.5 percent from one year ago, the larg3 est increase in 40 years. 

4 (2) Compared with 2021, the energy index rose 

5 27 percent and food costs rose 7 percent, placing an 

6 unprecedented burden on American families. 

7 (3) Shipping costs have increased year-over8 year, raising the price of important groceries like 

9 milk, eggs, bread, meat, and other goods. 

10 (4) According to data from the Federal High11 way Administration, the average American driver 

12 drives 14,263 miles per year. A suspension of the 

13 Federal gas tax would save the average American 

14 more than $100 per year. 

15 (5) The Infrastructure Investment and Jobs 

16 Act provided $118 billion in funding from the gen17 eral fund to supplement the Highway Trust Fund. 

18 (6) The 18.4 cent Federal gas tax dispropor19 tionately impacts rural Americans, who must travel 

20 longer distances to go to the grocery store, see their 

21 doctors, go to the pharmacy to pick up their pre22 scriptions, or travel to their jobs or school. 

23 (7) On August 30, 2021, the Federal Trade 

24 Commission announced enhanced efforts to step up 

25 enforcement on oil and gas companies for alleged 


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1 collusion that led to increased gas prices for Amer2 ican consumers. 

3 (8) Since 2008, Congress has transferred funds 

4 from the general fund to the Highway Trust Fund 

5 three times to ensure the fund remained solvent. 

6 (9) Oil companies reported record profits in 

7 2021 while Americans continue to struggle under 

8 high gas prices, inflation, and ongoing impacts of a 

9 pandemic. 

10 (10) The Organization of Petroleum Exporting 

11 Countries (OPEC) takes actions to control oil pro12 duction by considerably influencing international oil 

13 prices at the expense of American consumers. 

14 (11) A temporary gas tax holiday is one way to 

15 lower prices for American consumers as we continue 

16 to work towards long-term energy independence. 

17 SEC. 3. 2022 GASOLINE TAX HOLIDAY. 

18 (a) IN GENERAL.—In the case of gasoline removed, 

19 entered, or sold on or after the date of the enactment of 

20 this Act and before January 1, 2023— 

21 (1) the rate of tax under section 

22 4081(a)(2)(A)(i) of the Internal Revenue Code of 

23 1986 shall be zero; and 

24 (2) the Leaking Underground Storage Tank 

25 Trust Fund financing rate under section 4081(a)(2) 


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1 of such Code shall not apply to gasoline to which the 

2 rate under paragraph (1) applies. 

3 (b) TRANSFERS TO TRUST FUND.— 

4 (1) IN GENERAL.—The Secretary of the Treas5 ury shall transfer from the general fund to the 

6 Highway Trust Fund established under section 

7 9503(a) of the Internal Revenue Code of 1986 and 

8 the Leaking Underground Storage Tank Trust Fund 

9 established under section 9508(a) of such Code 

10 amounts equal to the reduction in amounts credited 

11 (but for this subsection) to each such Trust Fund by 

12 reason of subsection (a). 

13 (2) COORDINATION RULES.— 

14 (A) LEAKING UNDERGROUND STORAGE

15 TANK TRUST FUND.—Amounts transferred to 

16 the Leaking Underground Storage Tank Trust 

17 Fund under paragraph (1) shall be treated for 

18 purposes of sections 9503(b)(1) and 9508(b)(2) 

19 of such Code as taxes received in the Treasury 

20 under section 4081 of such Code attributable to 

21 the Leaking Underground Storage Tank Trust 

22 Fund financing rate. 

23 (B) HIGHWAY TRUST FUND.—Amounts 

24 transferred to the Highway Trust Fund under 

25 paragraph (1) shall be treated for purposes of 


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1 section 9503(b)(1) of such Code as taxes re2 ceived in the Treasury under section 4081 of 

3 such Code which are not attributable to the 

4 Leaking Underground Storage Tank Trust 

5 Fund financing rate. 

6 (c) BENEFITS OF TAX REDUCTION SHOULD BE

7 PASSED ON TO CONSUMERS.— 

8 (1) It is the policy of Congress that— 

9 (A) consumers immediately receive the 

10 benefit of the reduction in taxes resulting from 

11 the application of subsection (a); and 

12 (B) transportation motor fuels producers 

13 and other dealers take such actions as nec14 essary to reduce transportation motor fuels 

15 prices to reflect such reduction. 

16 (2) ENFORCEMENT.—The Secretary may use 

17 all applicable authorities to ensure that the benefit 

18 of the reduction in taxes resulting from the applica19 tion of subsection (a) is received by consumers. 

Æ 


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