H.R. 10668 – EASE Act | Legislate.dev

AI-Generated Summary

Updated October 6, 2026 at 7:21 AM UTC

The bill adds a new provision to the Internal Revenue Code that lets the President temporarily eliminate the federal gasoline tax during a declared national emergency that threatens fuel supply or sharply raises prices. The suspension would start on a date the President specifies and last for 60 days, with the option to extend to 120 days if the President notifies Congress in advance. The measure applies to fuel sold after the law takes effect and ends for any fuel sold after December 31, 2028.

Key Provisions

The President may issue a declaration of a national emergency affecting fuel supply or price and set a 60‑day period during which the gasoline tax rate is set to zero.
If the President notifies Congress at least 15 days before the 60‑day period ends, the suspension can be extended to a total of 120 days.
Only one suspension period can be used for any single emergency.
During the suspension, the related financing rate for the Leaking Underground Storage Tank Trust Fund does not apply to the fuel.
The Treasury must transfer the lost tax revenue to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund so those programs are not financially harmed.
The suspension authority does not apply to fuel sold after December 31, 2028.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

October 1, 2026

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HouseIntro Referral

Introduced in House

October 1, 2026

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

October 1, 2026

Bill Text

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Introduced in HouseIssued October 1, 2026

I

119th CONGRESS

2d Session

H. R. 10668

IN THE HOUSE OF REPRESENTATIVES

October 1, 2026

Mr. Fry (for himself and Mr. Wilson of South Carolina) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to authorize the President to temporarily suspend the gas tax during certain national emergencies.

1.

Short title

This Act may be cited as the Presidential Emergency Action to Stabilize Energy Act or the EASE Act.

2.

Authority to temporarily suspend the gas tax during certain national emergencies

(a)

In general

Section 4081 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

(f)

Authority to temporarily suspend certain taxes during national emergencies

(1)

In general

In the case of any taxable fuel removed, entered, or sold during a national emergency gas tax suspension period—

(A)

the rate of tax under clauses (i) and (iii) of subsection (a)(2)(A) shall be zero, and

(B)

the Leaking Underground Storage Tank Trust Fund financing rate under subsection (a)(2)(B) shall not apply to taxable fuel to which the rate under subparagraph (A) applies.

(2)

National emergency gas tax suspension period

For purposes of this subsection—

(A)

In general

The term national emergency gas tax suspension period means the 60-day period beginning on the date specified in the Presidential declaration described in subparagraph (C).

(B)

Extension

Subparagraph (A) shall be applied by substituting 120-day period for 60-day period if the President, not later than 15 days before the expiration of the 60-day period referred to in subparagraph (A), transmits to Congress a written notification that the President has determined that an extension of the period under this subparagraph is warranted by reason of the continuation of the national emergency described in subparagraph (C).

(C)

Presidential declaration

If the President determines that there exists a national emergency which is causing, or threatens to cause, a substantial disruption in the supply or availability of taxable fuel, or a substantial increase in the price of taxable fuel, in the United States, the President may issue a declaration identifying such national emergency and specifying the date on which a national emergency gas tax suspension period (as defined in subparagraph (A)) begins.

(D)

Limitation

Not more than 1 national emergency gas tax suspension period shall be taken into account under this subsection with respect to any single national emergency.

(3)

Transfers to trust funds

(A)

In general

The Secretary shall transfer from the general fund to the Highway Trust Fund established under section 9503(a) and the Leaking Underground Storage Tank Trust Fund established under section 9508(a) amounts equal to the reduction in amounts credited (but for this subsection) to each such Trust Fund by reason of subsection (a).

(B)

Leaking Underground Storage Tank Trust Fund

Amounts transferred to the Leaking Underground Storage Tank Trust Fund under subparagraph (A) shall be treated for purposes of sections 9503(b)(1) and 9508(b)(2) as taxes received in the Treasury under section 4081 attributable to the Leaking Underground Storage Tank Trust Fund financing rate.

(C)

Highway Trust Fund

Amounts transferred to the Highway Trust Fund under subparagraph (A) shall be treated for purposes of section 9503(b)(1) as taxes received in the Treasury under section 4081 which are not attributable to the Leaking Underground Storage Tank Trust Fund financing rate.

(4)

Termination

Paragraph (1) shall not apply to any taxable fuel removed, entered, or sold after December 31, 2028.

.

(b)

Effective date

The amendments made by this section shall apply to fuel removed, entered, or sold after the date of the enactment of this Act.