The bill creates the Petroleum Excise Tax Emergency Suspension Act, which lets the President temporarily stop collecting excise taxes on gasoline, diesel, kerosene, LPG and other petroleum products when global oil prices rise sharply and threaten the economy. The suspension can last up to six months unless Congress decides otherwise, and the President must report to Congress within 30 days and agencies must issue rules within 15 days.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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HB08408 · Sources: BatasWatch
Status history
No changes since we started checking daily on Oct 4, 2026.
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.