,,ii  #aaith ,,congress  #b;d ,session  
,s4 #djcb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #i1     
#bjbf,mr4 ,kelly 7for himself and ,mr4  
,blumenthal7 introduced the following   
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to provide a gasoline tax     
holiday4  #a4 ,short title ,this ,act   
may be cited as the ,gas ,prices ,relief
 ,act of #bjbf4  #b4 #bjbf gasoline tax 
holiday  7a7 ,in general ,in the case of
 gasoline removed1 entered1 or sold on  
or after the date of the enactment of   
this ,act and before ,october #a1       
#bjbf-- 7#a7 the rate of tax under      
section #djha7;a77#b77;,a77i7 of the    
,internal ,revenue ,code of #aihf shall 
be zero1 and  7#b7 the ,leaking         
,underground ,storage ,tank ,trust ,fund
 financing rate under section           
#djha7;a77#b77;,b7 of such ,code shall  
not apply to gasoline to which the rate 
under paragraph 7#a7 applies4  7b7      

,transfers to ,trust ,fund  7#a7 ,in    
general ,the ,secretary of the ,treasury
 shall transfer from the general fund to
 the ,highway ,trust ,fund established  
under section #iejc7;a7 of the ,internal
 ,revenue ,code of #aihf and the        
,leaking ,underground ,storage ,tank    
,trust ,fund established under section  
#iejh7;a7 of such ,code amounts equal to
 the reduction in amounts credited 7but 
for this subsection7 to each such ,trust
 ,fund by reason of subsection 7a74     
7#b7 ,coordination rules  7,a7 ,leaking 
,underground ,storage ,tank ,trust ,fund
 ,amounts transferred to the ,leaking   
,underground ,storage ,tank ,trust ,fund
 under paragraph 7#a7 shall be treated  
for purposes of sections #iejc7;b77#a7  
and #iejh7;b77#b7 of such ,code as taxes
 received in the ,treasury under section
 #djha of such ,code attributable to the
 ,leaking ,underground ,storage ,tank   
,trust ,fund financing rate4  7,b7      
,highway ,trust ,fund ,amounts          
transferred to the ,highway ,trust ,fund

 under paragraph 7#a7 shall be treated  
for purposes of section #iejc7;b77#a7 of
 such ,code as taxes received in the    
,treasury under section #djha of such   
,code which are not attributable to the 
,leaking ,underground ,storage ,tank    
,trust ,fund financing rate4  7c7       
,benefits of tax reduction should be    
passed on to consumers  7#a7 ,it is the 
policy of ,congress that-- 7,a7         
consumers immediately receive the       
benefit of the reduction in taxes       
resulting from the application of       
subsection 7a71  7,b7 transportation    
motor fuels producers and other dealers 
take such actions as necessary to reduce
 transportation motor fuels prices to   
reflect such reduction1 and  7,c7       
transportation motor fuels producers and
 other dealers that fail to reduce      
transportation motor fuels prices to    
reflect such reduction shall be subject 
to monetary penalties which are not less
 than the amount of the reduction in    
taxes which should have been passed on  

to consumers4  7#b7 ,enforcement ,the   
,secretary of the ,treasury shall use   
all applicable authorities to ensure    
that the benefit of the reduction in    
taxes resulting from the application of 
subsection 7a7 is received by consumers4