Pay Less at the Pump Act of 2026

This bill would end the Hazardous Substance Superfund financing rate, a federal tax under Section 4611 of the Internal Revenue 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 Superfund trust fund as of the date the bill becomes law, instead of December 31, 2032. Any existing advances would be repaid quarterly from unobligated amounts in the fund until fully repaid.

Full text and official record on Congress.gov

Sponsors

• John Barrasso Republican sponsor
• 10 cosponsors