The Fair and Transparent Gas Prices Act of 2026 requires the Federal Trade Commission to investigate whether oil and gas companies are engaging in anti-competitive or collusive practices that inflate consumer fuel prices. The study will examine whether companies are using profits to buy back stock rather than increase fuel production and whether their conduct results in price gouging or limits the availability and affordability of alternative fuels. The FTC, working with state attorneys general, must submit reports to Congress annually for three years starting one year after the bill becomes law, with recommendations for new laws or regulations to ensure fair and transparent energy markets. The legislation authorizes fifteen million dollars in funding for fiscal years 2027 and 2028 and allows the FTC to hire up to 50 additional staff members to complete the investigation.
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