Pay Less at the Pump Act of 2026
Sponsored By: Senator Barrasso, John [R-WY]
Introduced
Summary
Ends the Hazardous Substance Superfund financing rate and restructures how the Fund's advances must be repaid to wind down remaining obligations. The bill focuses on stopping the financing charge after 2025 and shifting repayment into a quarterly schedule from unused Fund balances.
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- Entities currently subject to the Hazardous Substance Superfund financing rate would no longer pay that rate after December 31, 2025. The provision would take effect on January 1, 2026.
- The bill would change repayment rules by amending section 9507(d)(3)(B) to require quarterly repayments from unobligated amounts in the Superfund until advances are repaid in full. That repayment change would take effect on the date of enactment.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Lower pump prices for households
This bill would stop the Hazardous Substance Superfund financing rate under tax section 4611 after December 31, 2025. The change would take effect January 1, 2026. Fuel suppliers would no longer pay the section 4611 financing rate for sales after 2025. Households that buy fuel would see a small reduction in per-gallon pump prices.
Limit on Superfund advances and repayment
This bill would end the authority to make Hazardous Substance Superfund advances on the date of enactment instead of December 31, 2032. It would require that repayments be made on a quarterly basis from unobligated amounts in the Fund until repaid in full. These changes would take effect on the date of enactment.
Sponsors & CoSponsors
Sponsor
Barrasso, John [R-WY]
WY • R
Cosponsors
Sen. Lankford, James [R-OK]
OK • R
Sponsored 2/12/2026
Sen. Blackburn, Marsha [R-TN]
TN • R
Sponsored 2/12/2026
Sen. Cornyn, John [R-TX]
TX • R
Sponsored 2/12/2026
Sen. Kennedy, John [R-LA]
LA • R
Sponsored 2/12/2026
John Hoeven
ND • R
Sponsored 2/12/2026
Sen. Risch, James E. [R-ID]
ID • R
Sponsored 2/12/2026
Sen. Lummis, Cynthia M. [R-WY]
WY • R
Sponsored 2/12/2026
Sen. Cotton, Tom [R-AR]
AR • R
Sponsored 2/12/2026
Sen. Lee, Mike [R-UT]
UT • R
Sponsored 2/12/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov