To amend the Internal Revenue Code of 1986 to temporarily suspend certain fuel excise taxes for fuel separated during periods in which the national average price of gasoline exceeds $3.99 per gallon, and to prohibit certain credits or deductions for oil and gas companies during such periods.

This bill would temporarily stop charging certain federal taxes on fuel during times when the national average price of gasoline goes above $3.99 per gallon. It would also prevent oil and gas companies from claiming certain tax credits or deductions during those same high-price periods. No official summary is available for this bill.

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