Senator Edward J. Markey (D-Mass.) ... today introduced the Gas Money Saved Act, legislation that would require the Department of Transportation (DOT) to examine whether it can strengthen Corporate Average Fuel Economy (CAFE) standards during periods of skyrocketing gas prices. The legislation would also reinstate the penalties for automakers that fail to produce fuel-efficient vehicles as options for American drivers... Specifically, the Gas Money Saved Act would: Require DOT to reevaluate CAFE standards if gas prices rise at a rate five times faster than inflation over a six-month period, and; Restore and increase financial penalties on automakers if their car and truck fleet does not meet fuel efficiency standards.
Introduce and support legislation to require the Department of Transportation to reevaluate fuel economy standards during gas price spikes and restore and increase financial penalties for automakers that fail to meet fuel efficiency standards.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
S. 4908, 119th Congress, states that Mr. Markey introduced the Gas Money Saved Act on June 24, 2026. The bill requires NHTSA to reevaluate whether current CAFE standards achieve maximum feasible average fuel economy when gasoline prices rise at least five times faster than inflation over 180 days, and amends 49 U.S.C. 32912 by replacing $0.00 penalties with $25 and $50 penalty levels.
legacy_unverified · Source version not recorded · locator unknown
Senator Markey's office announced that he introduced the Gas Money Saved Act, describing it as legislation that would require DOT to examine whether it can strengthen CAFE standards during periods of skyrocketing gas prices and reinstate penalties for automakers that fail to produce fuel-efficient vehicles. The release says the bill would require DOT to reevaluate CAFE standards if gas prices rise five times faster than inflation over six months and restore and increase financial penalties for automakers whose fleets miss fuel-efficiency standards.
Assessments
Markey promised to introduce and support legislation, not necessarily to enact it. The evidence shows that as a sitting U.S. Senator he introduced S. 4908, the Gas Money Saved Act, on June 24, 2026. The bill directly matches both promised elements: requiring DOT/NHTSA to reevaluate fuel economy standards during qualifying gasoline price spikes and restoring/increasing financial penalties for automakers that fail to meet CAFE standards. Because the promised action was legislative introduction/support and occurred during his current federal term, this counts as delivered with same_term timing.