S 259 United States Senate · 118th Congress

Transportation Fuel Market Transparency Act

This bill expands transparency requirements for the transportation fuel market by amending the Energy Independence and Security Act of 2007 to include a broader definition of "transportation fuel" (encompassing gasoline, distillate fuels, jet fuel, aviation gasoline, and biofuels). It creates a new Transportation Fuel Monitoring and Enforcement Unit within the Federal Trade Commission to collect and analyze market data, while requiring the Department of Energy to gather detailed information from energy companies about crude oil and fuel production, transportation, storage, and pricing. Energy companies that own or control commercial amounts of these fuels must report specific market data, including quantities, prices, and sources of fuel. The bill establishes data-sharing agreements between federal agencies to improve regulatory oversight and requires the FTC to submit annual reports on enforcement actions related to market manipulation. These changes aim to promote transparent and competitive fuel markets while providing regulators with better data to identify potential market manipulation.
Bill status introduced 1 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Floor Vote
President
Introduced Feb 2, 2023 Last action Feb 7, 2023
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
0
Feb 2, 2023
Introduced
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
upper
Feb 2, 2023
Introduced
Introduced in Senate
upper
1 primary · 4 co-sponsors

Sponsors