(e) Application of Hazardous Substance Superfund financing rate.— The Hazardous Substance Superfund financing rate under this section shall not apply after December 31, 2025.
The bill says: Section 4611 of the Internal Revenue Code of 1986 is amended by inserting after subsection (d) the following new subsection:
From the bill's official text on GovInfo and the U.S. Code, 2024 edition, which may not yet show changes made since.
What it does
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Pay Less at the Pump Act of 2026
This bill eliminates the excise tax on domestic crude oil and imported petroleum products (known as the petroleum Superfund tax rate) beginning on January 1, 2026. The bill also eliminates the authority for advances to the Hazardous Substance Superfund from the General Fund of the U.S. Treasury.
Under current law, the petroleum Superfund tax rate imposed is 27 cents per barrel (in 2026 and indexed annually for inflation). Amounts collected from this tax are deposited into the Hazardous Substance Superfund, which finances the remediation of certain environmentally contaminated sites.
Further, under current law, the authority for advances to be appropriated to the Hazardous Substance Superfund extends through 2032.
Official summary by the Congressional Research Service (Introduced in House, Feb 12, 2026).
Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.
What has happened
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Feb 12, 2026Introduced in HouseLibrary of Congress