Pay Less at the Pump Act

HR 3678, the Pay Less at the Pump Act, terminates the Hazardous Substance Superfund financing rate effective January 1, 2023, and changes how advances from the Superfund are repaid. Specifically, it ends the requirement to apply a specific financing rate to the Superfund after 2022 and modifies repayment rules to require quarterly payments from unobligated funds until fully repaid. The bill directly affects the Superfund program and entities receiving advances from it, altering its financial structure. Note: The bill’s title is misleading - the legislation does not address fuel prices or gasoline costs at the pump. It focuses solely on Superfund financing terms, with effective dates specified in the text.