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US HB7527

Bill

Official Source

Status

Introduced

2/12/2026

Primary Sponsor

Mike Carey

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • Terminates the Hazardous Substance Superfund financing rate on petroleum products after December 31, 2025, by amending Section 4611 of the Internal Revenue Code of 1986

  • Ends authority for Treasury advances to the Superfund, changing the cutoff from December 31, 2032 to the enactment date of this Act

  • Requires repayment of any outstanding advances on a quarterly basis from unobligated Superfund amounts until repaid in full

  • Tax termination takes effect January 1, 2026; advance authority termination takes effect upon enactment

Legislative Description

Pay Less at the Pump Act of 2026

Taxation

Last Action

Referred to the House Committee on Ways and Means.

2/12/2026

Committee Referrals

Ways And Means2/12/2026

Full Bill Text

No bill text available