The Fair and Transparent Gas Prices Act of 2026 is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on Commerce, Science, and Transportation for review. The bill is actively moving as it waits for the committee to consider it.
Legislative Progress
Senate
House
President
Law
Unlikely to pass
Bills that target the oil industry usually face a lot of pushback and rarely pass without support from both parties.
How we got here
This bill’s path across every version that has carried it.
↺
Reintroduced
Reintroduced from S. 67 (118th), which died when its Congress ended.
This bill tells the Federal Trade Commission to start a deep investigation into how oil and gas companies set their prices. The goal is to find out if these companies are working together to keep prices high or using unfair tactics to make more money from drivers.
The investigation will look at whether companies are spending their money on things like buying back their own stock instead of producing more fuel. It also checks if they are purposely slowing down the delivery of gas to keep the supply low and prices high.
The government will also check if oil companies are trying to block people from using electric cars or other types of fuel. This part of the study looks at whether big oil is making it harder for new technology to compete in the market.
To get the job done, the bill gives the agency 15 million dollars a year and lets them hire up to 50 new staff members. They would have to report what they find to Congress every year for three years and suggest new laws to keep gas prices fair.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Apr 21, 2026Senate
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Apr 21, 2026
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes, news coverage, or related bills recorded for this bill yet.
Source Information
Document Type
Congressional Bill
Official Title
Fair and Transparent Gas Prices Act of 2026
Bill NumberS 4352
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Commerce, Science, and Transportation.
