Stimulus update: Here’s who would get $ 100 when gas prices spike if new bill passes

Federal lawmakers introduced a bill that would provide $ 100 stimulus payments to some when gas goes above $ 4.

Reps. Mike Thompson, D-Calif., John Larson, D-Conn., And Lauren Underwood, D-Ill., Introduced the bill, known as the Gas Rebate Act of 2022.

The proposal, according to a press release on Rep. Thompson’s website, would send individuals making $ 75,000 or less – or joint filers making $ 150,000 or less – $ 100 every time gas prices go above $ 4 per gallon in any month for the rest of the year.

Individuals also would receive $ 100 for each dependent.

Despite the pressure from lawmakers, it is unclear if this bill will make it to the House floor for a vote.

According to AAA, the nationwide average price of a gallon of regular, unleaded gas is $ 4.27. It has steadily fallen since prices hit a record-high $ 4.33 per gallon on March 11 in the midst of the Russian invasion of Ukraine.

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