The Pay Less at the Pump Act of 2026 would eliminate a federal tax on certain hazardous substances that currently funds environmental cleanup efforts under the Superfund program. The tax, known as the Hazardous Substance Superfund financing rate, would stop applying after December 31, 2025, meaning companies would no longer pay this tax starting in 2026. The bill also changes how the Superfund program can borrow money, requiring it to repay any advances from unobligated funds on a quarterly basis rather than extending repayment authority through 2032. This legislation affects oil refineries, chemical manufacturers, and other industries that currently pay the Superfund tax, which is ultimately passed along to consumers at the gas pump and in product prices. The stated goal is to reduce costs for consumers, though the bill does not specify how Superfund cleanup projects would be funded after the tax expires.
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