S 3863 · 119th Congress

Pay Less at the Pump Act of 2026

This bill eliminates a federal tax that has been charged on certain chemicals and petroleum products since 1986. Right now, when companies produce or import hazardous substances (like the chemicals used to make gasoline and other petroleum products), they pay a small tax that goes into a fund called the Hazardous Su…

Sponsor

Barrasso, John (R-Wyoming)

Introduced

2026-02-12

Policy area

Taxation

Latest action

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