The proposed bill, titled the "Oil Industry Accountability Act," seeks to improve oversight and transparency in the petroleum products supply and pricing in Washington State, particularly as the state transitions away from fossil fuels. It establishes a new division within the utilities and transportation commission responsible for collecting and analyzing operational and pricing data from refineries and fuel suppliers. The bill mandates that refiners and major marketers submit detailed monthly and annual reports on their operations, pricing, and sales data, with the aim of protecting consumers and ensuring fair competition in the market. Additionally, the bill introduces new definitions relevant to the petroleum market and grants the division the authority to subpoena witnesses and refer legal violations to the attorney general.

The legislation also amends existing laws regarding the disclosure of information related to public utilities and transportation, introducing new exemptions for confidential records and customer-specific information. It allows for the release of certain information to law enforcement and child support enforcement agencies under specific conditions while ensuring that aggregate data can be disclosed without compromising personal privacy. The bill emphasizes the importance of public input and mandates a comprehensive assessment of the transportation fuels market every three years, starting in 2026. Enhanced penalties for deceptive environmental marketing claims are also included, reinforcing the bill's focus on consumer protection and fair competition. The act is set to take effect immediately upon passage.

Statutes affected:
Original Bill: 19.86.140, 43.01.036