This bill creates new rules and data collection for crude oil and transportation fuel markets. It expands existing federal prohibitions on market manipulation and false or misleading information to cover a wider set of transportation fuels and to include supply, operational, and output information. The civil penalty cap for violations is increased from $1,000,000 to $2,000,000.
The Federal Trade Commission (FTC) must set up a Transportation Fuel Monitoring and Enforcement Unit. That Unit will collect, monitor, and analyze market data, look for suspicious trading or use of market power, investigate potential violations, and obtain data-sharing agreements with the Energy Information Administration (EIA), the Commodity Futures Trading Commission (CFTC), the Federal Energy Regulatory Commission (FERC), state energy offices, and other sources. The FTC must issue regulations to implement the Unit within 90 days of enactment and may receive appropriated funds for fiscal years 2026–2031.
The bill also amends the Department of Energy Organization Act to require the EIA to run surveys of energy companies. The EIA surveys would collect detailed national, regional, state, and company-level data on imports and exports, refining, storage, transportation, sales, upstream transactions, prices, and related reporting. The EIA must try to publish timely, geographically specific analyses without disclosing legally protected information. The EIA must enter a data-sharing agreement with the FTC within one year and may share data with other federal agencies. Appropriations are authorized for EIA work for fiscal years 2026–2031.
The FTC must report, within 90 days of enactment, on its enforcement actions under the relevant Energy Independence and Security Act provisions for calendar year 2025 and the prior five years. The bill also includes a savings clause stating it does not alter or expand FTC authority.
The bill authorizes appropriations but does not list estimated costs. It authorizes "such sums as may be necessary" for the FTC and EIA to carry out their duties in fiscal years 2026 through 2031. No publicly available information on total estimated costs or budgetary effects is provided in the bill text.
Supporters describe the bill's purpose as promoting transparent and competitive transportation fuel markets, protecting consumers from unwarranted price increases, helping detect market manipulation or false reporting, and facilitating enforcement of penalties. The bill directs new data collection and interagency data sharing to achieve those goals.
No publicly available information on opponents' views is included in the bill text or metadata provided.