**Federal gas tax suspension proposals advanced in May 2026 amid elevated pump prices linked to the Iran conflict and supply disruptions, with President Trump publicly endorsing a temporary pause on the 18.4-cent-per-gallon federal excise tax and lawmakers from both parties introducing related bills.** Republican measures, such as Sen. Josh Hawley’s Gas Tax Suspension Act, sought 90-day relief (extendable by the president), while Democratic proposals like the Gas Prices Relief Act targeted suspension through October 1, 2026, with general-fund offsets for the Highway Trust Fund. No legislation has passed, however, reflecting longstanding barriers: congressional approval is required, prior administrations’ similar requests failed, and suspension would reduce dedicated highway revenue by billions monthly while accelerating trust-fund shortfalls. State-level gas tax holidays continue in several jurisdictions, but federal action remains stalled with no scheduled votes or new catalysts reported since the initial spring push.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$36,225 Vol.
Nov 2, 2026
November 2
6%
$36,225 Vol.
November 2
$13,859 Vol.
6%
On May 11, 2026, Trump proposed suspending the federal gas tax.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.**Federal gas tax suspension proposals advanced in May 2026 amid elevated pump prices linked to the Iran conflict and supply disruptions, with President Trump publicly endorsing a temporary pause on the 18.4-cent-per-gallon federal excise tax and lawmakers from both parties introducing related bills.**
Republican measures, such as Sen. Josh Hawley’s Gas Tax Suspension Act, sought 90-day relief (extendable by the president), while Democratic proposals like the Gas Prices Relief Act targeted suspension through October 1, 2026, with general-fund offsets for the Highway Trust Fund. No legislation has passed, however, reflecting longstanding barriers: congressional approval is required, prior administrations’ similar requests failed, and suspension would reduce dedicated highway revenue by billions monthly while accelerating trust-fund shortfalls. State-level gas tax holidays continue in several jurisdictions, but federal action remains stalled with no scheduled votes or new catalysts reported since the initial spring push.
On May 11, 2026, Trump proposed suspending the federal gas tax.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.
Market Opened: May 12, 2026, 1:38 PM ET
Volume
$36,225End Date
Nov 3, 2026Market Opened
May 12, 2026, 1:38 PM ETResolver
0x65070BE91...On May 11, 2026, Trump proposed suspending the federal gas tax.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.**Federal gas tax suspension proposals advanced in May 2026 amid elevated pump prices linked to the Iran conflict and supply disruptions, with President Trump publicly endorsing a temporary pause on the 18.4-cent-per-gallon federal excise tax and lawmakers from both parties introducing related bills.**
Republican measures, such as Sen. Josh Hawley’s Gas Tax Suspension Act, sought 90-day relief (extendable by the president), while Democratic proposals like the Gas Prices Relief Act targeted suspension through October 1, 2026, with general-fund offsets for the Highway Trust Fund. No legislation has passed, however, reflecting longstanding barriers: congressional approval is required, prior administrations’ similar requests failed, and suspension would reduce dedicated highway revenue by billions monthly while accelerating trust-fund shortfalls. State-level gas tax holidays continue in several jurisdictions, but federal action remains stalled with no scheduled votes or new catalysts reported since the initial spring push.
On May 11, 2026, Trump proposed suspending the federal gas tax.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.
Volume
$36,225End Date
Nov 3, 2026Market Opened
May 12, 2026, 1:38 PM ETResolver
0x65070BE91...**Federal gas tax suspension proposals advanced in May 2026 amid elevated pump prices linked to the Iran conflict and supply disruptions, with President Trump publicly endorsing a temporary pause on the 18.4-cent-per-gallon federal excise tax and lawmakers from both parties introducing related bills.** Republican measures, such as Sen. Josh Hawley’s Gas Tax Suspension Act, sought 90-day relief (extendable by the president), while Democratic proposals like the Gas Prices Relief Act targeted suspension through October 1, 2026, with general-fund offsets for the Highway Trust Fund. No legislation has passed, however, reflecting longstanding barriers: congressional approval is required, prior administrations’ similar requests failed, and suspension would reduce dedicated highway revenue by billions monthly while accelerating trust-fund shortfalls. State-level gas tax holidays continue in several jurisdictions, but federal action remains stalled with no scheduled votes or new catalysts reported since the initial spring push.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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