Pay Less at the Pump Act of 2026
Summary
What This Bill Does
This bill amends the Internal Revenue Code petroleum tax used for Hazardous Substance Superfund financing. The financing rate under section 4611 would not apply after December 31, 2025. It also changes section 9507 repayment language by replacing a December 31, 2032 repayment date with the enactment date and requiring repayment on a quarterly basis from unobligated Superfund amounts until fully repaid. The financing-rate termination takes effect January 1, 2026, while the repayment amendments take effect on enactment.
Who Benefits and How
Petroleum refiners, petroleum importers, fuel distributors, and consumers at the pump may benefit from removal of the Superfund financing rate after 2025 if tax savings flow through to prices.
Who Bears the Burden and How
The Hazardous Substance Superfund loses that ongoing financing-rate revenue source after 2025, and Treasury must administer quarterly repayments from unobligated amounts. Environmental cleanup programs may face less dedicated tax funding unless replaced by other resources.
Key Provisions
- Limits the Hazardous Substance Superfund financing rate under section 4611 so it does not apply after December 31, 2025.
- Requires repayment from unobligated Superfund amounts on a quarterly basis until repaid in full.
- Amends Superfund financing by removing a dedicated petroleum-tax revenue stream beginning January 1, 2026.
- Applies the repayment changes on enactment.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Terminates the Hazardous Substance Superfund petroleum financing rate after December 31, 2025, and changes how prior Superfund advances are repaid.
Key Policy Areas
Tax, Oil & Gas, Environment
Primary Purpose
Terminates the Hazardous Substance Superfund petroleum financing rate after December 31, 2025, and changes how prior Superfund advances are repaid.
Policy Domains
Substantive provisions
Identified Gains
- Petroleum refiners
- Petroleum importers
- Fuel consumers
Identified Costs
- Hazardous Substance Superfund
- Department of the Treasury
- Environmental cleanup programs
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Ways and Means.
Introduced in House
Mr. Carey (for himself, Mr. Hern of Oklahoma, Mrs. Miller …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "treasury"
- → Department of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology