Sponsors (10)
The bill lowers costs for refiners and makes trust-fund repayments more predictable, but it eliminates a dedicated Superfund fee—shifting cleanup financing risk to taxpayers, potentially reducing readiness funds, and increasing fiscal pressure on general revenues.
Refiners, importers, and petroleum-related businesses will pay lower per-unit federal fees after Dec 31, 2025, reducing operating compliance costs for those firms.
Federal budget managers and taxpayers gain a predictable quarterly schedule to repay Oil Spill Liability Trust Fund obligations instead of a single deadline, smoothing cash flows and planning.
Taxpayers and affected communities lose a dedicated funding stream for hazardous-substance cleanups because the Superfund financing rate ends, raising the risk of fewer or delayed cleanups and shifting cleanup costs onto general revenues.
Taxpayers could face greater federal deficit pressure if obligations previously covered by the dedicated fee are paid from general revenues instead of the fee.
Federal agencies and the public may see short-term reductions in oil-spill preparedness and response funding because quarterly repayments draw on unobligated Oil Spill Liability Trust Fund balances.
Based on analysis of 2 sections of legislative text.
Terminates the Hazardous Substance Superfund financing rate after Dec 31, 2025 and requires quarterly repayments to the Trust Fund from unobligated balances until paid.
Official title: Amend the Internal Revenue Code of 1986 to terminate the Hazardous Substance Superfund financing rate.
Introduced February 12, 2026 by John A. Barrasso · Last progress February 12, 2026
Ends the statutory financing rate for the Hazardous Substance Superfund after December 31, 2025, removing that tax rate effective January 1, 2026. It also changes an existing repayment provision for amounts in the Hazardous Substance Superfund Trust Fund so that repayments occur quarterly from unobligated fund balances until repaid in full, replacing a prior single-date reference with a statutory citation and making the repayment recurring on enactment.