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 eliminate the Hazardous Substance Superfund financing rate, which is a tax levied on certain chemicals used in the production of petroleum products and is intended to fund the cleanup of hazardous waste sites. Specifically, the bill states that this financing rate will no longer apply after December 31, 2025, and it also adjusts the authority for advances from the Superfund, changing the repayment deadline and method. The goal of these changes is to reduce the cost of gasoline for consumers.
Committee Categories
Budget and Finance
Sponsors (6)
Mike Carey (R)*,
Kevin Hern (R),
Nicole Malliotakis (R),
Carol Miller (R),
Nathaniel Moran (R),
Tony Wied (R),
Last Action
Referred to the House Committee on Ways and Means. (on 02/12/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/7527/all-info |
| BillText | https://www.congress.gov/119/bills/hr7527/BILLS-119hr7527ih.pdf |
Loading...