Proposed
Bill · 119th Congress · HR 7527
Pay Less at the Pump Act of 2026
Refreshed 2 h ago
Introduced 2026-02-12Topic: taxes · environment · energySummary
AI-generated summary, report an errorThis bill would end the Hazardous Substance Superfund financing rate, a federal tax under Section 4611 of the tax code that applies to crude oil and petroleum products. The tax would no longer apply after December 31, 2025, with the change taking effect January 1, 2026. The bill would also end the authority to advance money to the Hazardous Substance Superfund as of the date the bill becomes law. Any outstanding advances would be repaid quarterly from unobligated money in the Fund until repaid in full.
Sponsors
- Mike Carey Republican sponsor
- 5 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-02-12 | House | Referred to the House Committee on Ways and Means. | refer |
| 2026-02-12 | Introduced in House | introduce | |
| 2026-02-12 | Introduced in House | introduce |