MARKET CHOICE Act
USA117th CongressHR-3039| House
| Updated: 7/5/2022
Brian K. Fitzpatrick
Republican Representative
Pennsylvania
Cosponsors (1)
Committees (11)
• Transportation and Infrastructure Committee• Environment Subcommittee• Energy and Mineral Resources Subcommittee• Ways and Means Committee• Energy Subcommittee• Agriculture Committee• Highways and Transit Subcommittee• Science, Space, and Technology Committee• Energy and Commerce Committee• Education and Workforce Committee• Natural Resources Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act or the MARKET CHOICE Act This bill imposes a tax on the greenhouse gas emissions of fossil fuels, certain industrial processes, and certain product uses. The bill transfers tax revenue to a Rebuilding Infrastructure and Solutions for the Environment Trust Fund (RISE Trust Fund) established by this bill. Specified amounts in the trust fund shall be available for the federal Highway Trust Fund, grants to low-income households, and other specified energy, environmental, infrastructure, and research and development priorities. The bill also eliminates the federal motor vehicle and aviation fuel taxes, modifies the tax credit for carbon capture and storage and the qualifying advanced coal project tax credit, imposes a moratorium on finalizing and enforcing certain Clean Air Act regulations on greenhouse gas emissions, and establishes a National Climate Commission to review policies to reduce greenhouse gas emissions. The moratorium on regulations for limiting greenhouse gas emissions expires in 2035 if specified emission targets are not reached.
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, 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 Energy.
Referred to the Subcommittee on Environment and Climate Change.
Referred to the Subcommittee on Highways and Transit.
Referred to the Subcommittee on Energy and Mineral Resources.
Taxation
Administrative law and regulatory proceduresAdvisory bodiesAir qualityClimate change and greenhouse gasesCoalEconomic developmentElectric power generation and transmissionEmployment and training programsEnvironmental healthEnvironmental Protection Agency (EPA)Environmental regulatory proceduresFloods and storm protectionGovernment trust fundsIncome tax creditsIndustrial facilitiesInfrastructure developmentInternational organizations and cooperationManufacturingMetalsMiningMotor fuelsMotor vehiclesOil and gasSales and excise taxesTax administration and collection, taxpayersUnemployment
MARKET CHOICE Act
USA117th CongressHR-3039| House
| Updated: 7/5/2022
Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act or the MARKET CHOICE Act This bill imposes a tax on the greenhouse gas emissions of fossil fuels, certain industrial processes, and certain product uses. The bill transfers tax revenue to a Rebuilding Infrastructure and Solutions for the Environment Trust Fund (RISE Trust Fund) established by this bill. Specified amounts in the trust fund shall be available for the federal Highway Trust Fund, grants to low-income households, and other specified energy, environmental, infrastructure, and research and development priorities. The bill also eliminates the federal motor vehicle and aviation fuel taxes, modifies the tax credit for carbon capture and storage and the qualifying advanced coal project tax credit, imposes a moratorium on finalizing and enforcing certain Clean Air Act regulations on greenhouse gas emissions, and establishes a National Climate Commission to review policies to reduce greenhouse gas emissions. The moratorium on regulations for limiting greenhouse gas emissions expires in 2035 if specified emission targets are not reached.
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, 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 Energy.
Referred to the Subcommittee on Environment and Climate Change.
Referred to the Subcommittee on Highways and Transit.
Referred to the Subcommittee on Energy and Mineral Resources.
Brian K. Fitzpatrick
Republican Representative
Pennsylvania
Cosponsors (1)
Committees (11)
• Transportation and Infrastructure Committee• Environment Subcommittee• Energy and Mineral Resources Subcommittee• Ways and Means Committee• Energy Subcommittee• Agriculture Committee• Highways and Transit Subcommittee• Science, Space, and Technology Committee• Energy and Commerce Committee• Education and Workforce Committee• Natural Resources Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresAdvisory bodiesAir qualityClimate change and greenhouse gasesCoalEconomic developmentElectric power generation and transmissionEmployment and training programsEnvironmental healthEnvironmental Protection Agency (EPA)Environmental regulatory proceduresFloods and storm protectionGovernment trust fundsIncome tax creditsIndustrial facilitiesInfrastructure developmentInternational organizations and cooperationManufacturingMetalsMiningMotor fuelsMotor vehiclesOil and gasSales and excise taxesTax administration and collection, taxpayersUnemployment