billHR10104•Event Thursday, August 13, 2026Analyzed

To amend the Internal Revenue Code of 1986 to eliminate the penalties for sale for use and use of dyed fuel in taxable use.

Bullish

Summary

HR10104, introduced by Rep. Steube (R-FL), would eliminate penalties for the sale and use of dyed fuel (traditionally untaxed off-road fuel) in taxable on-road uses. This is an early-stage bill referred to the House Ways and Means Committee with no cosponsors. If enacted, it would effectively allow untaxed diesel to be used for on-road transportation, benefiting fuel distributors (SUN, PSX, VLO, MPC) and commercial trucking operators (JBHT, UPS, FDX) by reducing fuel costs. The bill faces a long legislative path and low probability of passage in its current form.

See which stocks are affected

Key takeaways, market implications, full AI analysis, and connected signals are available to HillSignal members.

Already have an account? Log in

Key Takeaways

1.HR10104 is a procedural early-stage bill with zero cosponsors and a low likelihood of becoming law.
2.If enacted, the primary beneficiaries are fuel distributors (SUN, PSX, VLO, MPC) and diesel-heavy trucking fleets (JBHT, UPS, FDX) due to reduced fuel costs.
3.The bill would reduce Highway Trust Fund revenue, creating a potential fiscal headwind for infrastructure spending, but this is speculative at this stage.

Market Implications

The bill has no near-term market impact given its procedural status. If it gains cosponsors or a companion bill, it could signal a legislative push to lower fuel costs for commercial transportation, which would be bullish for fuel distributors (SUN, PSX, VLO, MPC) and trucking companies (JBHT, UPS, FDX). However, the current signal is too weak to support a trade. No real market data is available to cite price movements.

Full Analysis

What happened: On August 13, 2026, Rep. W. Gregory Steube (R-FL) introduced HR10104, which would amend the Internal Revenue Code to eliminate penalties for the sale for use and use of dyed fuel in taxable use. Currently, dyed diesel—dyed to indicate it has not been taxed for highway use—is legally restricted to off-road applications (agriculture, construction, etc.). Using it on public roads carries significant penalties. This bill would remove those penalties, effectively allowing untaxed diesel to be used for on-road transportation. The bill is in its earliest stage: referred to the House Committee on Ways and Means, zero cosponsors, and only three actions (all on the same day). No companion bill exists in the Senate. 2) The money trail: The bill contains no direct funding authorization or appropriation. Its mechanism is a tax expenditure: by eliminating penalties, it would increase the volume of fuel sold without the federal excise tax (currently $0.244 per gallon for diesel). This would reduce revenue flowing into the Highway Trust Fund, which relies on fuel taxes. The Congressional Budget Office would likely score this as a revenue loss. The beneficiaries are fuel distributors and end users who would capture the tax savings. 3) Structural winners: Fuel distributors and refiners with large marketing and distribution networks (SUN, PSX, VLO, MPC) would see increased demand for untaxed dyed fuel, improving margins. Commercial trucking operators (JBHT, UPS, FDX) would directly benefit from lower fuel costs, which are a significant operating expense. The bill is a straightforward tax cut for diesel users. 4) Timeline: The bill has a long path. It must pass Ways and Means, then the full House, then the Senate (where it would need 60 votes to overcome a filibuster), and be signed by the President. With no cosponsors and a Republican sponsor in a narrowly divided Congress, passage is unlikely in the 119th Congress. The bill is more a statement of policy intent than a near-term market mover.

Key Legislators

Rep. Steube, W. Gregory [R-FL-17]

Connected Signals

Matched on shared policy language across AI analyses, with ticker & timing weight

BillStrong LinkBearish

To provide for a temporary prohibition on the export of diesel fuel.

Shared: Lower Fuel · Diesel · Fuel27% match

BillNeutral

Diesel Prices Relief Act of 2026

Shared: Diesel · Fuel · Tax23% match

BillBullish

American Fuel Affordability Act

Shared: Per Gallon · Ways Means · Diesel22% match

BillBullish

Consumer Fuel Costs Relief Act

Shared: Taxes Congressional · Capture Tax · Fuel Costs20% match

Related Presidential Actions

Executive orders & memoranda affecting the same sectors or companies

proclamationOct 23, 2026

FURTHER MODIFYING THE SCOPE OF PRODUCTS OF CANADA SUBJECT TO THE ADDITIONAL DUTIES IMPOSED TO OFFSET CANADIAN DISCRIMINATION AGAINST THE COMMERCE OF THE UNITED STATES WITH RESPECT TO MOTOR VEHICLES

This proclamation modifies the list of Canadian products subject to a 50% additional ad valorem duty imposed under Section 338 of the Tariff Act of 1930, removing some products from the duty and adding others, effective October 30, 2026. The action is part of an ongoing dispute over Canada's motor vehicle tariff scheme and is intended to offset discrimination against U.S. commerce. The President directs implementation through the Harmonized Tariff Schedule and authorizes U.S. Customs and Border Protection to issue rules.

7/10Source

proclamationOct 22, 2026

Adjusting Imports of Wind Turbines and Their Parts and Components into the United States

This proclamation initiates negotiations to adjust imports of wind turbines and their components under Section 232, citing national security concerns including cybersecurity vulnerabilities, radar interference, and grid reliability. It does not immediately impose tariffs but sets the stage for potential trade restrictions, and notes that certain wind turbine components made of aluminum, steel, or copper are already subject to existing tariffs.

8/10Source

Exec OrderSep 17, 2026

RESTORING AMERICAN SALTWATER ANGLING AND RECREATION

This executive order directs federal agencies (primarily NOAA and the Department of Commerce) to shift fisheries management toward prioritizing recreational fishing over commercial interests by modernizing data collection, replacing outdated mail-in surveys with real-time mobile reporting, and allowing state-collected data to substitute for federal data when error rates are lower. It also mandates reviewing and potentially revising National Standards under the Magnuson-Stevens Act, rescinding regulations that restrict marine access, and launching pilot programs for iconic fisheries like Atlantic striped bass, with the goal of boosting the $1.2 trillion outdoor recreation sector.

8/10Source

Free — no credit card

Get the next market-moving signal before the news does

HillSignal scores every Congressional bill, federal contract, and insider filing for market impact and emails you the high-conviction ones — free, no credit card.

Weekly digest — the congressional activity that actually moved markets that week, in plain English. Free, one email.

Free forever plan · No credit card · Unsubscribe in one click

Want the live terminal too? Create a free account →