H.R.10834

Federal HB10834 mandates the National Highway Traffic Safety Administration to reevaluate corporate average fuel economy standards if gasoline prices.

Federal HB10834, known as the Gas Money Saved Act, requires the National Highway Traffic Safety Administration to initiate a process to reevaluate corporate average fuel economy standards if gasoline prices rise at least five times faster than overall inflation over a period of 180 days or longer. This reevaluation applies if the standards have not been adjusted previously or if they have been adjusted since the last evaluation. Additionally, the bill restores penalties for noncompliance with fuel economy standards, setting them at $25 and $50 respectively.