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HR 4534 117th Congress House Taxation

FAIR Transition and Competition Act

Introduced: July 19, 2021 Introduced by: Peters, Scott H. Democratic · California See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2021
Referred to the Subcommittee on Environment and Climate Change.
Jul 19, 2021
Introduced in House
Jul 19, 2021
Referred to the Committee on Ways and Means, and in addition to the Committees on Science, Space, and Technology, Energy and Commerce, Foreign Affairs, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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 Plain-English summary Congressional Research Service

Fair, Affordable, Innovative, and Resilient Transition and Competition Act or the FAIR Transition and Competition Act

This bill requires the Department of the Treasury, not later than July 1, 2023, and annually thereafter, to determine the domestic environmental cost incurred for industrial facilities producing steel, aluminum, cement, iron, or other products (sectors), and for the production of natural gas, petroleum, or coal (covered fuels) that are or may be used to emit greenhouse gases. By that same date, the Environmental Protection Agency must determine and publish the average greenhouse gas emissions of each sector to determine progress in reducing such emissions.

The bill imposes a fee (border carbon adjustment) on importers of covered fuels and products.

Treasury must provide to each state a resilient communities grant to provide job training and worker transition assistance, assist certain governmental entities and frontline communities, alleviate historical burdens imposed on communities of color and other vulnerable populations, and to assist small businesses disproportionately impacted by the border carbon adjustment fee.

What's happening now July 20, 2021

Referred to the Subcommittee on Environment and Climate Change.

 Related & companion bills 1
  • S 2378 Identical bill FAIR Transition and Competition Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 6
 Cosponsors 1
All 1 Democratic 1
D
Panetta, Jimmy
California · Jul 19, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4534: FAIR Transition and Competition Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-4534/
MLA
"H.R. 4534: FAIR Transition and Competition Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-4534/.
Bluebook (legal)
H.R. 4534, 117th Cong. (2026), https://openamerica.io/bill/117-HR-4534/.
Markdown link
[H.R. 4534: FAIR Transition and Competition Act](https://openamerica.io/bill/117-HR-4534/)
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