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S 1942 118th Congress Senate Taxation

Pay Less at the Pump Act

Introduced: June 13, 2023 Introduced by: Barrasso, John Republican · Wyoming See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 13, 2023
Read twice and referred to the Committee on Finance.
Jun 13, 2023
Introduced in Senate
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 Plain-English summary Congressional Research Service

Pay Less at the Pump Act

This bill eliminates the excise tax on domestic crude oil and imported petroleum products (known as the petroleum Superfund tax rate) beginning on January 1, 2023. The bill also eliminates the authority for advances to the Hazardous Substance Superfund from the General Fund of the Treasury.

Under current law, the petroleum Superfund tax rate imposed is 16.4 cents per barrel (indexed annually for inflation). Amounts collected from this tax are deposited into the Hazardous Substance Superfund, which finances the remediation of certain environmentally contaminated sites.  

Further, under current law, the authority for advances to be appropriated to the Hazardous Substance Superfund extends through 2032.

What's happening now June 13, 2023

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 3678 Identical bill Pay Less at the Pump Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Republican 9
R
Hawley, Josh
Missouri · Jun 15, 2023
 R
Blackburn, Marsha
Tennessee · Jun 13, 2023
 R
Hoeven, John
North Dakota · Jun 13, 2023
 R
Lankford, James
Oklahoma · Jun 13, 2023
 R
Lee, Mike
Utah · Jun 13, 2023
 R
Lummis, Cynthia M.
Wyoming · Jun 13, 2023
 R
Risch, James E.
Idaho · Jun 13, 2023
 R
Scott, Tim
South Carolina · Jun 13, 2023
 R
Thune, John
South Dakota · Jun 13, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1942: Pay Less at the Pump Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-1942/
MLA
"S. 1942: Pay Less at the Pump Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-1942/.
Bluebook (legal)
S. 1942, 118th Cong. (2026), https://openamerica.io/bill/118-S-1942/.
Markdown link
[S. 1942: Pay Less at the Pump Act](https://openamerica.io/bill/118-S-1942/)
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