S1942-118

1. Short title This Act may be cited as the Pay Less at the Pump Act.

2. Termination of Hazardous Substance Superfund financing rate Section 4611 of the Internal Revenue Code of 1986 (as amended by section 13601 of Public Law 117–169) is amended by inserting after subsection (d) the following new subsection: The Hazardous Substance Superfund financing rate under this section shall not apply after December 31, 2022. Section 9507(d)(3)(B) of such Code (as so amended) is amended— by striking December 31, 2032 and inserting the date of the enactment of the Pay Less at the Pump Act, and by striking on or before such date and inserting on a quarterly basis from unobligated amounts available in such Fund until repaid in full. The amendment made by subsection (a) shall take effect on January 1, 2023. The amendments made by subsection (b) shall take effect on the date of the enactment of this Act. (e)Application of Hazardous Substance Superfund financing rateThe Hazardous Substance Superfund financing rate under this section shall not apply after December 31, 2022..