Sponsors (10)
The bill cuts a dedicated per‑unit Superfund fee and imposes predictable quarterly repayments—benefiting refiners and fiscal predictability—but shifts cleanup financing onto general revenues and may reduce short‑term funds for spill preparedness, increasing fiscal and environmental risk.
Refiners and importers will no longer pay the Hazardous Substance Superfund financing rate after Dec 31, 2025, lowering per‑unit federal fees they pay.
The bill requires quarterly repayments from unobligated Oil Spill Liability Trust Fund amounts, creating a predictable repayment schedule instead of a single deadline and reducing timing uncertainty for obligations.
Ending the Superfund financing rate shifts cleanup funding away from the dedicated fee, which could reduce funds available for hazardous‑site cleanups and thereby affect cleanup activities.
Removing the dedicated fee increases pressure on the federal budget and could raise the federal deficit if trust obligations are satisfied from general revenues instead of fee collections.
Quarterly repayments taken from unobligated Trust Fund amounts could temporarily reduce funds available for oil‑spill preparedness and response activities, potentially weakening short‑term preparedness capacity.
Based on analysis of 2 sections of legislative text.
Ends a Hazardous Substance Superfund financing rate after Dec 31, 2025 and requires quarterly repayments from unobligated Fund balances until repaid.
Introduced February 12, 2026 by John A. Barrasso · Last progress February 12, 2026
Ends the statutory Hazardous Substance Superfund financing rate after December 31, 2025, so the rate no longer applies beginning January 1, 2026. It also changes a repayment provision in 26 U.S.C. §9507 so that certain repayments are made quarterly from unobligated amounts in the referenced Fund until the amounts are repaid in full; that repayment change takes effect on enactment. The measure makes two narrow changes to the Internal Revenue Code: one stops a financing rate tied to a Superfund provision, and the other replaces a calendar date and a single deadline-based repayment instruction with an ongoing quarterly repayment mechanism funded from unobligated Fund balances.