S. 3863: Pay Less at the Pump Act of 2026

This bill, known as the Pay Less at the Pump Act of 2026, aims to change how funding is managed for the Hazardous Substance Superfund, which is a program to clean up sites contaminated with hazardous substances in the United States. The main provisions of the bill are as follows:

Termination of Hazardous Substance Superfund Financing Rate

The bill proposes to end the existing financing rate for the Hazardous Substance Superfund effective January 1, 2026. This means that the financial contributions from certain sources, which are used to fund the cleanup of hazardous waste sites, will no longer be collected after the specified date.

Changes to Authority for Advances

The bill also modifies the authorization for financial advances related to the Superfund program. Specifically, it:

• Ends the authority for the program to advance funds after the bill is enacted, instead stating that financial advances will be made on a quarterly basis from available unobligated amounts in the Superfund until previously loaned amounts are completely repaid.

Effective Dates

The changes proposed in the bill will take effect as follows:

• The termination of the Hazardous Substance Superfund financing rate will commence on January 1, 2026.
• The modifications regarding the authority for advances will take effect on the date the bill is enacted.

Overall Impact

By terminating the financing rate and changing how advances are handled, this bill seeks to streamline the financial management of the Superfund, potentially affecting various stakeholders involved in environmental cleanup and funding.

Relevant Companies

• None found