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Pay Less at the Pump Act of 2026
To amend the Internal Revenue Code of 1986 to terminate the Hazardous Substance Superfund financing rate.
Summary
This bill would terminate the Hazardous Substance Superfund financing rate, a tax on petroleum and chemical producers that funds the federal Superfund program for cleaning up contaminated sites, effective after December 31, 2025. The bill would also modify the authority for the Hazardous Substance Trust Fund to receive advances, changing the authorization deadline from December 31, 2032 to the date of enactment and establishing that repayments must occur quarterly from unobligated amounts in the fund until fully repaid. The changes to the advance authority would take effect upon enactment of the bill.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Carey, Mike [R-OH-15] (R-OH)
5 cosponsors
Actions (2)
- Feb 12, 2026 Referred to the House Committee on Ways and Means. · house
- Feb 12, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
February 12, 2026
Mr. Carey (for himself, Mr. Hern of Oklahoma, Mrs. Miller of West Virginia, Ms. Malliotakis, and Mr. Wied) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to terminate the Hazardous Substance Superfund financing rate.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Pay Less at the Pump Act of 2026”.
SEC. 2. TERMINATION OF HAZARDOUS SUBSTANCE SUPERFUND FINANCING RATE.
(a) In General.—Section 4611 of the Internal Revenue Code of 1986 is amended by inserting after subsection (d) the following new subsection:
“(e) Application of Hazardous Substance Superfund Financing Rate.—The Hazardous Substance Superfund financing rate under this section shall not apply after December 31, 2025.”.
(b) Termination of Authority for Advances.—Section 9507(d)(3)(B) of such Code is amended—
(1) by striking “December 31, 2032” and inserting “the date of the enactment of the Pay Less at the Pump Act of 2026”, and
(2) by striking “on or before such date” and inserting “on a quarterly basis from unobligated amounts available in such Fund until repaid in full”.
(c) Effective Date.—
(1) In general.—The amendment made by subsection (a) shall take effect on January 1, 2026.
(2) Termination of authority for advances.—The amendments made by subsection (b) shall take effect on the date of the enactment of this Act. <all>
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