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Congress·In Committee·18 days ago

Rep. Carey's Pay Less at the Pump Act Would End Superfund Oil Tax to Cut Gas Prices

Also known as: Pay Less at the Pump Act of 2026

Legislative Progress

✓ Filed
Review
House
Senate
President

Impact Analysis

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

State Impacts

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Key Points

  • This bill, introduced by Representative Carey, would stop a federal tax on oil and petroleum products. This tax is currently used to pay for the 'Superfund' program, which cleans up the most polluted and dangerous land and water sites in the United States.
  • The goal of the plan is to lower the cost of making gasoline. By removing this tax, the bill's sponsors hope that oil companies will pass the savings to drivers, making it cheaper to fill up your car or truck.
  • If this becomes law, the tax would end starting January 1, 2026. The bill also changes how the government pays for environmental cleanups, forcing them to use existing money rather than taking out new loans or using this specific tax.
  • A major concern is that without this tax money, the government will have less funding to fix toxic waste spills and environmental disasters. This could mean that dangerous sites in local communities stay polluted for a longer period of time.
Energy EnvironmentTaxes

Milestones

2 milestones2 actions
Feb 12, 2026House

Referred to the House Committee on Ways and Means.

Feb 12, 2026

Introduced in House

What Happens Next

Projected impacts based on AI analysis

Upon enactment

Government must begin repaying Superfund advances from existing unobligated funds

Instead of having a dedicated revenue stream from the oil tax, the Superfund program would need to rely on whatever money is already available, potentially slowing environmental cleanup projects at toxic waste sites across the country.

Related News

3 articles
Politico Pro·17 days ago

Republicans revive quest to repeal Superfund oil tax

Republicans in both chambers have reintroduced legislation to eliminate a key 'polluter pays' industry tax used to fund EPA cleanups. The 'Pay Less at the Pump Act' would repeal the excise tax on crude oil and imported petroleum just three years after it was reinstated.

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Ripon Advance·13 days ago

Superfund Tax would be eliminated under Carey's newly proposed bill

U.S. Rep. Mike Carey (R-OH) led colleagues in introducing the Pay Less at the Pump Act of 2026, H.R. 7527. The bill aims to boost domestic energy production and lower costs for American workers by terminating the Hazardous Substance Superfund financing rate.

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Miami Valley Today·12 days ago

Local representative reintroduces Pay Less at the Pump Act

Rep. Mike Carey reintroduced legislation to boost domestic energy production and lower costs for workers by eliminating the IRS Superfund Tax, which is imposed on crude oil at U.S. refineries and applies to imported petroleum products.

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Source Information

Document Type

Congressional Bill

Official Title

Pay Less at the Pump Act of 2026

Bill NumberHR 7527
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Ways and Means.

Sponsor

Cosponsors

(5)
R: 5

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.