Termination of Hazardous Substance Superfund financing rate

(a) In general Section 4611 of the Internal Revenue Code of 1986 is amended by inserting after subsection (d) the following new subsection: (e) Application of Hazardous Substance Superfund financing rate The Hazardous Substance Superfund financing rate under this section shall not apply after December 31, 2025.. (b) Termination of authority for advances Section 9507(d)(3)(B) of such Code is amended— (1) by striking December 31, 2032 and inserting the date of the enactment of the Pay Less at the Pump Act of 2026, and (2) by striking on or before such date and inserting on a quarterly basis from unobligated amounts available in such Fund until repaid in full. (c) Effective date (1) In general The amendment made by subsection (a) shall take effect on January 1, 2026. (2) Termination of authority for advances The amendments made by subsection (b) shall take effect on the date of the enactment of this Act.