,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #ggea  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ab1 #bjbb,mr4   
,norcross introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means1 & 9 addition to ! ,committee on 
,en]gy & ,comm]ce1 = a p]iod to be      
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide = a    
gasol9e tax holiday1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,gov]nm5t ,ov]sight ( ,unpatriotic    
,gre$ 9 ,en]gy ,act or ! ,,g\ge ,act4   
#b4 ,gasol9e tax holiday  7a7 ,9 g5]al  
,subp>t ,b ( "p ,,iii ( sub*apt] ,a (   
*apt] #cb ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$ by add+ at ! end ! foll[+
 new section3  #dajf4 ,gasol9e tax      
holiday  7a7 ,9 g5]al ,9 ! case ( any   
gasol9e o!r ?an aviation gasol9e 7)9 !  
mean+ ( su* t]m z :5 us$ 9 section      
#djha7 remov$1 ent]$1 or sold 7z ! case 

may be7 dur+ ! gasol9e tax holiday      
p]iod-- 7#a7 ! rate ( tax "u section    
#djha7;a77#b77;,a77i7 %all be z]o1 &    
7#b7 ! ,leak+ ,und]gr\nd ,/orage ,tank  
,tru/ ,fund f9anc+ rate "u section      
#djha7;a77#b7 %all be z]o ) respect to  
su* fuel4  7b7 ,gasol9e tax holiday     
p]iod ,= purposes ( ?is section1 ! t]m  
gasol9e tax holiday p]iod means !       
p]iod--  7#a7 beg9n+ on ! date ( !      
enactm5t ( ?is section1 &  7#b7 end+ on 
,decemb] #ca1 #bjbb4  7c7 ,tru/ funds   
held h>mless ,any appropriation or      
transf] "u section #iejc7;b71 #iejc7;e71
 or #iejh7;b7 %all be made 9 ! same     
mann] 7& 9 ! same am\nt7 z if subsection
 7a7 _h nev] be5 enact$4  4  7b7        
,cl]ical am5dm5t ,! table ( sections =  
subp>t ,b ( "p ,,iii ( sub*apt] ,a (    
*apt] #cb ( su* ,code is am5d$ by add+  
at ! end ! foll[+ new item3  ,sec4      
#dajf4 ,gasol9e tax holiday4  4  7c7    
,effective date ,! am5dm5ts made by ?is 
section %all apply to gasol9e remov$1   
ent]$1 or sold on or aft] ! date ( !    

enactm5t ( ?is ,act4  #c4 ,reimbursem5t 
to ,/ates = gas tax holiday  7a7 ,9     
g5]al ,9 ! case ( ! susp5sion ( a       
gasol9e tax by a ,/ate dur+ ! gasol9e   
tax holiday p]iod1 ! ,secret>y ( !      
,treasury 7or ! ,secret>y's delegate7   
%all pay to su* ,/ate #ajj p]c5t ( !    
am\nts :i* w\ld h be5 collect$ ) respect
 to su* tax dur+ su* p]iod4  7b7        
,gasol9e tax holiday p]iod ,= purposes (
 ?is section1 ! t]m gasol9e tax holiday 
p]iod means ! p]iod-- 7#a7 beg9n+ on    
,febru>y #bd1 #bjbb1 &  7#b7 end+ on    
,decemb] #ca1 #bjbb4  #d4 ,w9dfall      
pr(its tax  7a7 ,9 g5]al ,subtitle ,e ( 
! ,int]nal ,rev5ue ,code ( #aihf 7relat+
 to alcohol1 tobacco1 & c]ta9 o!r excise
 taxes7 is am5d$ by add+ at ! end !re( !
 foll[+ new *apt]3  #ef ,w9dfall pr(its 
on crude oil  ,sec4 #ehif4 ,imposition (
 tax4 ,sec4 #ehig4 ,w9dfall pr(it2 etc4 
,sec4 #ehih4 ,special rules &           
def9itions4  #ehif4 ,imposition ( tax   
7a7 ,9 g5]al ,9 addition to any o!r tax 
impos$ "u ?is title1 !re is h]eby impos$

 on any applicable taxpay] an excise tax
 9 an am\nt equal to #ej p]c5t ( !      
w9dfall pr(it ( su* taxpay] = any       
taxable ye> beg9n+ 9 #bjbb4  7b7        
,applicable taxpay] ,= purposes ( ?is   
*apt]1 ! t]m applicable taxpay] means1 )
 respect to op]ations 9 ! ,unit$ ,/ates1
 any integrat$ oil company 7z def9$ 9   
section #bia7;b77#d774  #ehig4 ,w9dfall 
pr(it2 etc  7a7 ,g5]al rule ,= purposes 
( ?is *apt]1 ! t]m w9dfall pr(it means !
 excess ( ! adju/$ taxable income ( !   
applicable taxpay] = ! taxable ye> ov] !
 reasonably inflat$ av]age pr(it = su*  
taxable ye>4  7b7 ,adju/$ taxable income
 ,= purposes ( ?is *apt]1 ) respect to  
any applicable taxpay]1 ! adju/$ taxable
 income = any taxable ye> is equal to ! 
taxable income = su* taxable ye> 7)9 !  
mean+ ( section #fc & det]m9$ )\t reg>d 
to ?is subsection7--  7#a7 increas$ by  
any int]e/ exp5se d$uction1 *>itable    
contribution d$uction1 & any net op]at+ 
loss d$uction c>ri$ =w>d f any prior    
taxable ye>1 &  7#b7 r$uc$ by any int]e/

 income1 divid5d income1 & net op]at+   
losses to ! ext5t su* losses exce$      
taxable income = ! taxable ye>4  ,9 !   
case ( any applicable taxpay] :i* is a  
=eign corporation1 ! adju/$ taxable     
income %all be det]m9$ ) respect to su* 
income :i* is effectively connect$ ) !  
conduct ( a trade or bus9ess 9 ! ,unit$ 
,/ates4  7c7 ,reasonably inflat$ av]age 
pr(it ,= purposes ( ?is *apt]1 ) respect
 to any applicable taxpay]1 ! reasonably
 inflat$ av]age pr(it = any taxable ye> 
is an am\nt equal to ! av]age ( ! adju/$
 taxable income ( su* taxpay] = taxable 
ye>s beg9n+ 9 #bjai1 #bjbj1 & #bjba1    
plus #aj p]c5t ( su* av]age4  #ehih4    
,special rules & def9itions  7a7 ,)hold+
 & deposit ( tax ,! ,secret>y %all      
provide su* rules z are necess>y = !    
)hold+ & deposit ( ! tax impos$ "u      
section #ehif4  7b7 ,records & in=mation
 ,ea* taxpay] liable = tax "u section   
#ehif %all keep su* records1 make su*   
returns1 & furni% su* in=mation z !     
,secret>y may by regulations prescribe4 

7c7 ,return ( w9dfall pr(it tax ,!      
,secret>y %all provide = ! fil+ & ! "t (
 su* fil+ ( ! return ( ! tax impos$ "u  
section #ehif4  7d7 ,crude oil ,! t]m   
crude oil includes crude oil cond5sates 
& natural gasol9e4  7e7 ,bus9esses "u   
common control ,= purposes ( ?is *apt]1 
all memb]s ( ! same controll$ gr\p (    
corporations 7)9 ! mean+ ( section      
#bfg7;f77 & all p]sons "u common control
 7)9 ! mean+ ( section #eb7;b7 b det]m9$
 by treat+ an int]e/ ( m ?an #ej p]c5t z
 a controll+ int]e/7 %all be treat$ z #a
 p]son4  7f7 ,regulations ,! ,secret>y  
%all prescribe su* regulations z may be 
necess>y or appropriate to c>ry out !   
purposes ( ?is *apt]4  4  7b7 ,cl]ical  
am5dm5t ,! table ( *apt]s = subtitle ,e 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ by add+ at ! end ! foll[+ new     
item3  ,*apt] #ef4 ,w9dfall pr(its on   
crude oil4  4  #e4 ,gasol9e ,w9dfall    
,pr(it ,tru/ ,fund  7a7 ,9 g5]al        
,sub*apt] ,a ( *apt] #ih ( ! ,int]nal   
,rev5ue ,code ( #aihf is am5d$ by add+  

at ! end ! foll[+ new section3  #ieab4  
,gasol9e ,w9dfall ,pr(it ,tru/ ,fund    
7a7 ,e/abli%m5t & fund+ ,!re is h]eby   
e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates
 a tru/ fund to be ref]r$ to z !        
,gasol9e ,w9dfall ,pr(it ,tru/ ,fund1   
consi/+ ( su* am\nts z may be           
appropriat$ or cr$it$ to su* tru/ fund z
 provid$ = 9 ?is section & section      
#ifjb7;b74  7b7 ,transf]s to ! ,gasol9e 
,w9dfall ,pr(it ,tru/ ,fund ,!re are    
h]eby appropriat$ to ! ,gasol9e ,w9dfall
 ,pr(it ,tru/ ,fund am\nts equival5t to 
! taxes receiv$ 9 ! ,treasury "u section
 #ehif4  7c7 ,exp5ditures f ,tru/ ,fund 
,am\nts 9 ! ,gasol9e ,w9dfall ,pr(it    
,tru/ ,fund %all be available = mak+    
exp5ditures describ$ 9 subsection 7d74  
7d7 ,di/ribution to ,/ates  7#a7 ,9     
g5]al ,f "t to "t1 ! ,secret>y %all     
di/ribute to ! ,/ates ! am\nts available
 9 ! ,gasol9e ,w9dfall ,pr(it ,tru/     
,fund4  7#b7 ,use ( funds ,ea* ,/ate :i*
 receives am\nts pursuant to p>agraph   
7#a7 %all divide su* am\nts equally     

among all regi/]$ vehicle own]s 9 !     
,/ate & di/ribute su* am\nts to su*     
vehicle own]s z exp$iti\sly z possible4 
7#c7 ,/ate ,= purposes ( ?is subsection1
 ! t]m ,/ate includes ! ,di/rict (      
,columbia1 any t]ritory or possession ( 
! ,unit$ ,/ates1 & any ,indian ,tribe4  
7e7 ,regulations ,! ,secret>y %all      
prescribe su* regulations z may be      
necess>y or appropriate to c>ry out !   
purposes ( ?is section1 includ+         
regulations to ensure funds are divid$  
among all regi/]$ vehicle own]s 9 !     
,unit$ ,/ates z equally z practicable4  
4  7b7 ,cl]ical am5dm5t ,! table (      
sections = sub*apt] ,a ( *apt] #ih ( su*
 ,code is am5d$ by add+ at ! end !      
foll[+ new item3  ,sec4 #ieab4 ,gasol9e 
,w9dfall ,pr(it ,tru/ ,fund4  4  #f4    
,,ftc regulations1 inve/igation1 &      
en=cem5t reg>d+ price g\g+  7a7         
,regulations ,n lat] ?an #cj days aft] !
 date ( ! enactm5t ( ?is ,act1 !        
,commission %all issue regulations "u   
section #eec ( title #e1 ,unit$ ,/ates  

,code1 t prohibit any p]son :o sells or 
(f]s = sale crude oil1 gasol9e1 or any  
o!r petroleum di/illate f engag+ 9 price
 g\g+ ) respect to ! price at :i* su*   
p]son sells or (f]s = sale su* crude    
oil1 gasol9e1 or o!r petroleum          
di/illate4  7b7 ,inve/igation  7#a7 ,9  
g5]al ,n lat] ?an #a ye> aft] ! date on 
:i* ! regulations issu$ "u subsection   
7a7 take effect1 ! ,commission %all     
complete an inve/igation to det]m9e     
:e!r1 dur+ ! p]iod beg9n+ on ,janu>y #a1
 #bjbb1 & end+ on ,decemb] #ca1 #bjbb1  
any oil company violat$ su* regulations 
7or1 dur+ ! "p ( su* p]iod be=e ! date  
on :i* su* regulations take effect1     
engag$ 9 conduct t w\ld h con/itut$ a   
violation ( su* regulations71 p>ticul>ly
 dur+ ! "p ( su* p]iod lead+ up to &    
aft] ! ,russian invasion ( ,ukra9e on   
,febru>y #bd1 #bjbb4  7#b7 ,en=cem5t    
requir$ ,if ! ,commission det]m9es 9 !  
inve/igation "u p>agraph 7#a7 t an oil  
company violat$ ! regulations issu$ "u  
subsection 7a71 ! ,commission %all take 

su* en=cem5t action au?oriz$ by         
subsection 7c7 aga9/ su* oil company )  
respect to su* violation z ! ,commission
 consid]s appropriate4  7#c7 ,report to 
,congress ,n lat] ?an #fj days aft] !   
date on :i* ! ,commission completes !   
inve/igation "u p>agraph 7#a71 !        
,commission %all submit to ,congress a  
report on ! results ( ! inve/igation4   
7c7 ,en=cem5t  7#a7 ,unfair or deceptive
 acts or practices ,a violation ( a     
regulation issu$ "u subsection 7a7 %all 
be treat$ z a violation ( a regulation  
"u section #ah7;a77#a77;,b7 ( ! ,f$]al  
,trade ,commission ,act 7#ae ,u4,s4,c4  
#eg;a7a77#a77;,b77 reg>d+ unfair or     
deceptive acts or practices4  7#b7 ,p[]s
 ( ,commission ,except z provid$ 9      
p>agraph 7#c71 ! ,commission %all en=ce 
! regulations issu$ "u subsection 7a7 9 
! same mann]1 by ! same means1 & ) !    
same jurisdiction1 p[]s1 & duties z ?\gh
 all applicable t]ms & provisions ( !   
,f$]al ,trade ,commission ,act 7#ae     
,u4,s4,c4 #da et seq47 7 incorporat$    

into & made a "p ( ?is section1 & any   
p]son :o violates su* a regulation %all 
be subject to ! p5alties & entitl$ to ! 
privileges & immunities provid$ 9 !     
,f$]al ,trade ,commission ,act4  7#c7   
,civil p5alties  7,a7 ,9 g5]al ,not)/&+ 
! p5alties set =? "u ! ,f$]al ,trade    
,commission ,act1 any p]son :o violates 
a regulation issu$ "u subsection 7a7 )  
actual k or k fairly impli$ on ! basis (
 objective circum/ances %all be subject 
to a civil p5alty ( n m ?an #b times !  
am\nt ( pr(its ga9$ by su* p]son ?r\gh  
su* violation4  7,b7 ,me?od ,! p5alties 
provid$ by subp>agraph 7,a7 %all be     
obta9$ 9 ! same mann] z civil p5alties  
obta9$ "u section #e ( ! ,f$]al ,trade  
,commission ,act 7#ae ,u4,s4,c4 #de74   
7,c7 ,multiple (f5ses2 mitigat+ factors 
,9 assess+ a p5alty provid$ by          
subp>agraph 7,a7--  7i7 ea* day ( a     
cont9u+ violation %all be consid]$ a    
sep>ate violation2 &  7ii7 ! c\rt %all  
take into consid]ation1 among o!r       
factors1 ! degree ( culpability1 any    

hi/ory ( prior su* conduct1 ability to  
pay1 effect on ability to cont9ue to d  
bus9ess1 & su* o!r matt]s z ju/ice may  
require4  7d7 ,def9itions ,9 ?is        
section3 7#a7 ,commission ,! t]m        
,commission means ! ,f$]al ,trade       
,commission4  7#b7 ,crude oil ,! t]m    
crude oil has ! mean+ giv5 su* t]m 9    
subsection 7d7 ( section #ehih ( !      
,int]nal ,rev5ue ,code ( #aihf1 z add$  
by ?is ,act4  7#c7 ,oil company ,! t]m  
oil company means an applicable taxpay] 
7z def9$ 9 subsection 7b7 ( section     
#ehif ( ! ,int]nal ,rev5ue ,code (      
#aihf1 z add$ by ?is ,act74  7#d7 ,price
 g\g+ ,! t]m price g\g+ has ! mean+ giv5
 su* t]m by ! ,commission 9 !           
regulations issu$ "u subsection 7a74