summary
Introduced
02/12/2026
02/12/2026
In Committee
02/12/2026
02/12/2026
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to terminate the Hazardous Substance Superfund financing rate.
AI Summary
This bill, titled the "Pay Less at the Pump Act of 2026," proposes to amend the Internal Revenue Code of 1986 to end the Hazardous Substance Superfund financing rate, which is a tax used to fund cleanup of hazardous waste sites, by making it inapplicable after December 31, 2025. Additionally, it adjusts the authority for advances from the Superfund, changing the repayment deadline and method for funds previously advanced to the Superfund.
Committee Categories
Budget and Finance
Sponsors (10)
John Barrasso (R)*,
Marsha Blackburn (R),
John Cornyn (R),
Tom Cotton (R),
John Hoeven (R),
John Neely Kennedy (R),
James Lankford (R),
Mike Lee (R),
Cynthia Lummis (R),
Jim Risch (R),
Last Action
Read twice and referred to the Committee on Finance. (text: CR S611) (on 02/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/senate-bill/3863/all-info |
| BillText | https://www.congress.gov/119/bills/s3863/BILLS-119s3863is.pdf |
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