HB 3056
House·20th Congress·Filed Aug 5, 2025
An Act Repealing R.A. No. 8479, Otherwise Known as the “downstream Oil Industry Deregulation Act of 1998”, Creating an Oil Industry Regulatory Board, Appropriating Funds Therefor, and for Other Purposes
In plain language
The bill would cancel the 1998 law that deregulated oil prices, set up a new board under the Department of Energy to oversee the oil sector, and give the government power to set or cap fuel prices.
EnergyConsumer ProtectionGovernment Administration
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HB03056 · Sources: BetterGov Open Congress, BatasWatch