Pay Less at the Pump Act of 2026
United States119th CongressS-3863Senate
Updated: Feb 12, 2026
Summary
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.
Bill texts
All available records shown.
Timeline
Latest companion bill action
HR-7527: Pay Less at the Pump Act of 2026Referred to the House Committee on Ways and Means.
Read twice and referred to the Committee on Finance. (text: CR S611)
Senate
Introduced in Senate
All available records shown.