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2 | 2 | | HOUSE DOCKET, NO. 1314 FILED ON: 1/14/2025 |
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3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 3508 |
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4 | 4 | | The Commonwealth of Massachusetts |
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5 | 5 | | _________________ |
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6 | 6 | | PRESENTED BY: |
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7 | 7 | | Bradley H. Jones, Jr. |
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8 | 8 | | _________________ |
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9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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10 | 10 | | Court assembled: |
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11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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12 | 12 | | An Act to study gasoline-focused sales-below-cost. |
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13 | 13 | | _______________ |
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14 | 14 | | PETITION OF: |
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15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Bradley H. Jones, Jr.20th Middlesex1/14/2025Kimberly N. Ferguson1st Worcester1/15/2025Paul K. Frost7th Worcester1/31/2025Todd M. Smola1st Hampden3/10/2025 1 of 2 |
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16 | 16 | | HOUSE DOCKET, NO. 1314 FILED ON: 1/14/2025 |
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17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 3508 |
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18 | 18 | | By Representative Jones of North Reading, a petition (accompanied by bill, House, No. 3508) of |
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19 | 19 | | Bradley H. Jones, Jr. and others for legislation to establish a special commission (including |
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20 | 20 | | members of the General Court) to study gasoline-focused sales-below-cost. |
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21 | 21 | | Telecommunications, Utilities and Energy. |
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22 | 22 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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23 | 23 | | SEE HOUSE, NO. 3181 OF 2023-2024.] |
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24 | 24 | | The Commonwealth of Massachusetts |
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25 | 25 | | _______________ |
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26 | 26 | | In the One Hundred and Ninety-Fourth General Court |
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27 | 27 | | (2025-2026) |
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28 | 28 | | _______________ |
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29 | 29 | | An Act to study gasoline-focused sales-below-cost. |
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30 | 30 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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31 | 31 | | of the same, as follows: |
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32 | 32 | | 1 SECTION 1. Notwithstanding any general or special law to the contrary, there shall be a |
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33 | 33 | | 2special commission to study and provide recommendations on the feasibility of eliminating |
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34 | 34 | | 3gasoline-focused sales-below-cost (SBC) laws for all gasoline station fuel sales in the |
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35 | 35 | | 4commonwealth. The commission shall seek to find the quantifiable effects of gasoline-focused |
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36 | 36 | | 5sales-below-cost laws in the commonwealth. The study shall seek to use an econometric fixed- |
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37 | 37 | | 6effects model with longitudinal and state panel data to examine the effects of SBC laws on the |
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38 | 38 | | 7weighted average price of unleaded gasoline, the wholesale price of gasoline, and the number of |
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39 | 39 | | 8sellers in the retail gasoline sector. The commission shall investigate states in the United States |
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40 | 40 | | 9that do not have SBC laws and determine the feasibility of instituting a similar approach in the |
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41 | 41 | | 10commonwealth. The commission shall make determinations on the economic feasibility of 2 of 2 |
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42 | 42 | | 11repealing SBC laws in the commonwealth. The commission shall take into account market |
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43 | 43 | | 12concentration, wholesale prices, and retail prices. The commission shall make recommendations |
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44 | 44 | | 13on guidelines and approaches to dealing with SBC laws and estimates of potential savings for |
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45 | 45 | | 14consumers. The commission's recommendations may include but are not limited to retaining the |
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46 | 46 | | 15law, raising or lowering the gasoline price floor, or repealing the law entirely. The commission |
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47 | 47 | | 16shall seek input from statisticians and econometricians to determine the best method to model |
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48 | 48 | | 17and approach this topic to achieve the most robust and sound results. |
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49 | 49 | | 18 SECTION 2. The commission shall consist of the house and senate chairs of the joint |
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50 | 50 | | 19committee on economic development and emerging technologies, who shall serve as the co- |
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51 | 51 | | 20chairs; the speaker of the house of representatives or a designee; the president of the senate or a |
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52 | 52 | | 21designee; the house minority leader or a designee; the senate minority leader or designee; and 4 |
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53 | 53 | | 22persons who have extensive knowledge in the economics of industrial organization, consumer |
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54 | 54 | | 23welfare, and statistical methodologies, who shall be appointed by the chairs in consultation with |
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55 | 55 | | 24the Federal Reserve Bank of Boston. The commission shall hold no less than four public |
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56 | 56 | | 25hearings. |
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57 | 57 | | 26 SECTION 3. The commission shall submit its report and findings, along with any |
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58 | 58 | | 27recommendations, to the house and senate committees on ways and means, the joint committee |
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59 | 59 | | 28on economic development and emerging technologies, and the clerk of the house of |
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60 | 60 | | 29representatives and the clerk of the senate 12 months after the passage of this legislation. |
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