,,ii  #aaith ,,congress  #b;d ,session  
,s4 #eecj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #bd1
 #bjbf,mr4 ,kelly 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 tax
 holiday for motor and aviation fuels4  
#a4 ,short title ,this ,act may be cited
 as the ,consumer ,fuel ,costs ,relief  
,act4  #b4 ,tax holiday for motor and   
aviation fuels  7a7 ,in general ,in the 
case of any taxable fuel removed1       
entered1 or sold on or after the date of
 the enactment of this ,act and before  
,october #a1 #bjbg-- 7#a7 the rate of   
tax under section #djha7;a77#b77;,a7 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 taxable fuel 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 ,airport and ,airway ,trust ,fund  
established under section #iejb7;a7 of  
the ,internal ,revenue ,code of #aihf1  
the ,highway ,trust ,fund established   
under section #iejc7;a7 of such ,code1  
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  7,c7 aviation  
gasoline producers1 airline service     
providers1 and other dealers take such  
actions as necessary to ensure          
passengers immediately receive the      

benefit of the reduction in taxes       
resulting from the application of       
subsection 7a71 and  7,d7 transportation
 motor fuels producers1 airline service 
providers1 and other dealers that fail  
to reduce prices for consumers 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  7,a7  
,treasury ,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  7,b7 ,,ftc and  
,,cftc ,the ,federal ,trade ,commission 
and the ,commodity ,futures ,trading    
,commission shall use all applicable    
authorities to monitor oil1 diesel1 and 
gasoline markets to prevent price       
gouging and market manipulation in such 
markets4  7d7 ,taxable fuel ,for        
purposes of this section1 the term      

taxable fuel has the same meaning given 
such term under section #djhc7;a77#a7 of
 the ,internal ,revenue ,code of #aihf4