Scott, Colleagues Introduce Bill to Save Taxpayers Billions at the Pump and Fuel American Energy Independence

WASHINGTON – Today, U.S. Senator Tim Scott (R-S.C.) joined eight of his Senate colleagues in introducing the Pay Less at the Pump Act. This legislation will lower energy prices for Americans by repealing the Inflation Reduction Act’s reinstatement of the $10.5 billion “Superfund Tax” on crude oil and imported petroleum products. By overturning the Democrats’ reckless tax hike on oil and petroleum products, the Pay Less at the Pump Act would bring down energy costs and fuel American energy independence.

“The best way to bring down sky-high prices at the gas pump is by unleashing American energy production—not punishing American energy producers,” said Senator Scott. “That’s why I am proud to work with my colleagues on this important legislation to help keep energy prices low for the American people.”

Senator Scott was joined by Senators John Barrasso (R-Wyo.), Marsha Blackburn (R-Tenn.), John Hoeven (R-N.D.), James Lankford (R-Okla.), Mike Lee (R-Utah), Cynthia Lummis (R-Wyo.), Jim Risch (R-Idaho), and John Thune (R-S.D.).

Background:

Senator Scott’s work to make America energy independent and make energy more affordable and reliable:

• Preventing the sale of American crude oil to China and securing American energy independence through the Protecting America’s Strategic Petroleum Reserve from China Act;
• Introducing the ESCAPE Act which aids NATO allies in gaining energy independence from Russian fuel; and
• Writing a letter to President Biden urging him to reclaim American energy independence by approving the Keystone XL Pipeline.