Summary

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, 2026. The bill also eliminates the authority for advances to the Hazardous Substance Superfund from the General Fund of the U.S. Treasury. Under current law, the petroleum Superfund tax rate imposed is 27 cents per barrel (in 2026 and 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.

Summary written by the Congressional Research Service, Library of Congress. Heard is not affiliated with it. Written at: Introduced in House, 2/12/2026.

Bill text

Read the full text of the Introduced in House version (2/12/2026), exactly as published — 1,466 characters.

• Introduced in House2/12/2026On HeardOfficial document (HTML)

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