Legis Daily

Pay Less at the Pump Act of 2026

USA119th CongressS-3863| Senate 
| Updated: 2/12/2026
John Barrasso

John Barrasso

Republican Senator

Wyoming

Cosponsors (9)
Mike Lee (Republican)James E. Risch (Republican)Cynthia M. Lummis (Republican)Marsha Blackburn (Republican)Tom Cotton (Republican)James Lankford (Republican)John Kennedy (Republican)John Cornyn (Republican)John Hoeven (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill aims to eliminate the Hazardous Substance Superfund financing rate by amending the Internal Revenue Code of 1986. Specifically, it mandates that this financing rate will cease to apply after December 31, 2025 , effectively ending the tax collected for the Superfund program from that date forward. Furthermore, the legislation revises the termination of authority for advances from the Superfund, changing the expiration date from December 31, 2032, to the date of the Act's enactment . It also stipulates that advances will be repaid quarterly from unobligated amounts in the Fund until fully reimbursed. The termination of the financing rate takes effect on January 1, 2026, while the changes to advance authority are effective upon enactment.
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Timeline

Bill from Previous Congress

S 118-1942
Pay Less at the Pump Act
Feb 12, 2026

Latest Companion Bill Action

HR 119-7527
Introduced in House
Feb 12, 2026
Introduced in Senate
Feb 12, 2026
Read twice and referred to the Committee on Finance. (text: CR S611)
  • Bill from Previous Congress

    S 118-1942
    Pay Less at the Pump Act


  • February 12, 2026

    Latest Companion Bill Action

    HR 119-7527
    Introduced in House


  • February 12, 2026
    Introduced in Senate


  • February 12, 2026
    Read twice and referred to the Committee on Finance. (text: CR S611)

Taxation

Related Bills

  • HR 119-7527: Pay Less at the Pump Act of 2026

Pay Less at the Pump Act of 2026

USA119th CongressS-3863| Senate 
| Updated: 2/12/2026
This bill aims to eliminate the Hazardous Substance Superfund financing rate by amending the Internal Revenue Code of 1986. Specifically, it mandates that this financing rate will cease to apply after December 31, 2025 , effectively ending the tax collected for the Superfund program from that date forward. Furthermore, the legislation revises the termination of authority for advances from the Superfund, changing the expiration date from December 31, 2032, to the date of the Act's enactment . It also stipulates that advances will be repaid quarterly from unobligated amounts in the Fund until fully reimbursed. The termination of the financing rate takes effect on January 1, 2026, while the changes to advance authority are effective upon enactment.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 118-1942
Pay Less at the Pump Act
Feb 12, 2026

Latest Companion Bill Action

HR 119-7527
Introduced in House
Feb 12, 2026
Introduced in Senate
Feb 12, 2026
Read twice and referred to the Committee on Finance. (text: CR S611)
  • Bill from Previous Congress

    S 118-1942
    Pay Less at the Pump Act


  • February 12, 2026

    Latest Companion Bill Action

    HR 119-7527
    Introduced in House


  • February 12, 2026
    Introduced in Senate


  • February 12, 2026
    Read twice and referred to the Committee on Finance. (text: CR S611)
John Barrasso

John Barrasso

Republican Senator

Wyoming

Cosponsors (9)
Mike Lee (Republican)James E. Risch (Republican)Cynthia M. Lummis (Republican)Marsha Blackburn (Republican)Tom Cotton (Republican)James Lankford (Republican)John Kennedy (Republican)John Cornyn (Republican)John Hoeven (Republican)

Finance Committee

Taxation

Related Bills

  • HR 119-7527: Pay Less at the Pump Act of 2026
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted