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Congress·In Committee·18 days ago

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

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

Legislative Progress

✓ Filed
Review
Senate
House
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 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

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·13 days 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.

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Hoodline·13 days 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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Source Information

Document Type

Congressional Bill

Official Title

Pay Less at the Pump Act of 2026

Bill NumberS 3863
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance. (text: CR S611)

Sponsor

Cosponsors

(9)
R: 9

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.