Congress·In Committee·S. 3863

Sen. Barrasso's Pay Less at the Pump Act Would Axe Superfund Oil Tax to Cut Fuel Costs

Pay Less at the Pump Act of 2026

about 1 month ago·View on Congress.gov

Part of: Congress Proposes Repealing Superfund Oil Tax to Lower Gas Prices

Legislative Progress

Senate

House

President

Law

Key Points

This bill, introduced by Senator Barrasso, would stop a federal tax that is currently charged on crude oil and petroleum products. The main goal is to reduce the overall cost of fuel for everyday drivers.
The money from this tax normally goes into the 'Superfund,' which is a special fund used by the government to clean up dangerous, polluted sites across the country.
If this becomes law, the tax would end retroactively starting January 1, 2026. It also changes how the government handles certain loans used to keep the cleanup fund running.
While the bill aims to save people money at the pump, it could mean there is less money available to fix environmental hazards in local communities unless the government finds another way to pay for those cleanups.

Energy EnvironmentTaxes

Impact Analysis

Personal Impact

Who is affectedScoreImpactCertaintyScopeDurationSentiment

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

Broader Impacts

DomainScoreShort-termLong-termReversibilityConfidence

Score

Scores: -5 (harmful) to +5 (beneficial)Short-term: 0-2 yearsLong-term: 10-30 years

State Impacts

StateScoreImpactCertaintyScopeDurationSentiment

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

Milestones

2 milestones2 actions

Feb 12, 2026Senate

Read twice and referred to the Committee on Finance. (text: CR S611)

Feb 12, 2026

Introduced in Senate

Related News

2 articles

Public Radio Tulsa·about 1 month ago

Lankford backs bill that would cut oil tax for Superfund cleanup

The Pay Less at the Pump Act of 2026 would repeal the Superfund tax on crude oil. While intended to lower gas prices, the move could impact funding for contaminated sites like Tar Creek. The tax was expected to add $11.7 billion to the cleanup program over 10 years.

Hoodline·about 1 month ago

Lankford's Gas-Tax Rollback Puts Oklahoma Superfund Cleanups On The Line

A Republican proposal would wipe out the federal petroleum 'Superfund' excise tax, a move that could land close to home in Oklahoma where contaminated properties lean heavily on federal dollars. The bill would terminate the excise rate on crude oil and imported petroleum products.

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