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S 2284 116th Congress Senate Taxation Agricultural conservation and pollution Air quality Alternative and renewable resources Aviation and airports Border security and unlawful immigration Buy American requirements Climate change and greenhouse gases Coal Competitiveness, trade promotion, trade deficits Department of Agriculture Department of Commerce Department of Energy Department of Health and Human Services Department of Homeland Security Department of Labor Department of State Department of Transportation Department of Veterans Affairs Department of the Interior

Climate Action Rebate Act of 2019

Introduced: July 25, 2019 Introduced by: Coons, Christopher A. Democratic · Delaware See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2019
Read twice and referred to the Committee on Finance.
Jul 25, 2019
Introduced in Senate
 Plain-English summary Congressional Research Service

Climate Action Rebate Act of 2019

This bill imposes a carbon fee on the use, sale, or transfer of certain fossil fuels and fluorinated gases that emit greenhouse gases into the atmosphere. The fee is imposed on producers and importers of such fuels and is deposited into a Climate Action Rebate Fund established by this bill. 

The bill establishes an gradual emissions reduction schedule for such fuels between 2020 and 2050 (100% reduction).

The bill requires payment of an equalization fee by fossil fuels and carbon-intensive imported goods at the border and provides for refunds of comparable exports.

The bill rebates up to 70% of net revenues from the fund to low-income individuals as a monthly dividend. Remaining revenues must be used for investment in infrastructure, energy innovation, and assistance for workers and communities to transition to a cleaner energy economy.

All carbon fee revenue must be spent in accordance with Buy American requirements and the Davis-Bacon Act (requires payment of local prevailing wage on public works projects for laborers and mechanics),

What's happening now July 25, 2019

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1