• Transportation and Infrastructure Committee• Ways and Means Committee• Energy Subcommittee• Agriculture Committee• Water Resources and Environment Subcommittee• Energy Subcommittee• Highways and Transit Subcommittee• Financial Services Committee• Science, Space, and Technology Committee• Energy and Commerce Committee• Education and Workforce Committee• Aviation Subcommittee• Natural Resources Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
America's Clean Future Fund Act This bill establishes requirements and incentives to reduce greenhouse gas emissions and assist industries, communities, and workers transition to a low-carbon economy, including by establishing (1) the Climate Change Finance Corporation (C2FC); (2) the America's Clean Future Fund; and (3) a carbon fee on the use, sale, or transfer of certain fuels by covered entities. The bill provides appropriations to the C2FC, an independent agency, which must finance clean energy and climate change resiliency activities in order to meet the goal of eliminating greenhouse gas emissions by 2050. The bill also provides appropriations for the America's Clean Future Fund. Amounts in the fund may be used for the C2FC, stimulus payments (i.e., tax rebates) to individuals whose gross incomes do not exceed specified thresholds, decarbonization transition payments to the agricultural sector, and grants to help certain communities and workers transition to a low-carbon economy. Revenues generated from the carbon fee must also be deposited into the America's Clean Future Fund. Beginning in 2023, covered entities (e.g., entities that use, sell, or transfer fossil fuels) must pay a carbon fee of $25 per metric ton of carbon dioxide or carbon dioxide equivalent. The fee increases by $10 each year, multiplied by the cost-of-living adjustment. The fees further increase if the entities miss cumulative greenhouse gas emission targets established by the bill. Refund payments may be provided for carbon capture, sequestration, and utilization.
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Agriculture, Education and Labor, Transportation and Infrastructure, Financial Services, Science, Space, and Technology, and Natural Resources, 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.
Referred to the Subcommittee on Water Resources and Environment.
Referred to the Subcommittee on Aviation.
Referred to the Subcommittee on Highways and Transit.
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Agriculture, Education and Labor, Transportation and Infrastructure, Financial Services, Science, Space, and Technology, and Natural Resources, 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.
Referred to the Subcommittee on Water Resources and Environment.
Referred to the Subcommittee on Aviation.
Referred to the Subcommittee on Highways and Transit.
Administrative law and regulatory proceduresAgricultural conservation and pollutionAgricultural practices and innovationsAir qualityAlternative and renewable resourcesAppropriationsAtmospheric science and weatherBuy American requirementsClimate change and greenhouse gasesCoalCommunity life and organizationCongressional oversightEcologyEconomic performance and conditionsEmployment and training programsEnergy efficiency and conservationEnvironmental assessment, monitoring, researchEnvironmental Protection Agency (EPA)Environmental regulatory proceduresExecutive agency funding and structureFarmlandFloods and storm protectionForests, forestry, treesGovernment lending and loan guaranteesGovernment studies and investigationsHybrid, electric, and advanced technology vehiclesInflation and pricesLand use and conservationLivestockMarine and coastal resources, fisheriesMetalsMiningMinority and disadvantaged businessesOil and gasPoverty and welfare assistancePublic contracts and procurementSales and excise taxesUser charges and feesWater qualityWetlands
America's Clean Future Fund Act
USA117th CongressHR-2451| House
| Updated: 4/13/2021
America's Clean Future Fund Act This bill establishes requirements and incentives to reduce greenhouse gas emissions and assist industries, communities, and workers transition to a low-carbon economy, including by establishing (1) the Climate Change Finance Corporation (C2FC); (2) the America's Clean Future Fund; and (3) a carbon fee on the use, sale, or transfer of certain fuels by covered entities. The bill provides appropriations to the C2FC, an independent agency, which must finance clean energy and climate change resiliency activities in order to meet the goal of eliminating greenhouse gas emissions by 2050. The bill also provides appropriations for the America's Clean Future Fund. Amounts in the fund may be used for the C2FC, stimulus payments (i.e., tax rebates) to individuals whose gross incomes do not exceed specified thresholds, decarbonization transition payments to the agricultural sector, and grants to help certain communities and workers transition to a low-carbon economy. Revenues generated from the carbon fee must also be deposited into the America's Clean Future Fund. Beginning in 2023, covered entities (e.g., entities that use, sell, or transfer fossil fuels) must pay a carbon fee of $25 per metric ton of carbon dioxide or carbon dioxide equivalent. The fee increases by $10 each year, multiplied by the cost-of-living adjustment. The fees further increase if the entities miss cumulative greenhouse gas emission targets established by the bill. Refund payments may be provided for carbon capture, sequestration, and utilization.
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Agriculture, Education and Labor, Transportation and Infrastructure, Financial Services, Science, Space, and Technology, and Natural Resources, 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.
Referred to the Subcommittee on Water Resources and Environment.
Referred to the Subcommittee on Aviation.
Referred to the Subcommittee on Highways and Transit.
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Agriculture, Education and Labor, Transportation and Infrastructure, Financial Services, Science, Space, and Technology, and Natural Resources, 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.
Referred to the Subcommittee on Water Resources and Environment.
Referred to the Subcommittee on Aviation.
Referred to the Subcommittee on Highways and Transit.
• Transportation and Infrastructure Committee• Ways and Means Committee• Energy Subcommittee• Agriculture Committee• Water Resources and Environment Subcommittee• Energy Subcommittee• Highways and Transit Subcommittee• Financial Services Committee• Science, Space, and Technology Committee• Energy and Commerce Committee• Education and Workforce Committee• Aviation Subcommittee• Natural Resources Committee
Administrative law and regulatory proceduresAgricultural conservation and pollutionAgricultural practices and innovationsAir qualityAlternative and renewable resourcesAppropriationsAtmospheric science and weatherBuy American requirementsClimate change and greenhouse gasesCoalCommunity life and organizationCongressional oversightEcologyEconomic performance and conditionsEmployment and training programsEnergy efficiency and conservationEnvironmental assessment, monitoring, researchEnvironmental Protection Agency (EPA)Environmental regulatory proceduresExecutive agency funding and structureFarmlandFloods and storm protectionForests, forestry, treesGovernment lending and loan guaranteesGovernment studies and investigationsHybrid, electric, and advanced technology vehiclesInflation and pricesLand use and conservationLivestockMarine and coastal resources, fisheriesMetalsMiningMinority and disadvantaged businessesOil and gasPoverty and welfare assistancePublic contracts and procurementSales and excise taxesUser charges and feesWater qualityWetlands