Legis Daily

Save Our Future Act

USA117th CongressS-2085| Senate 
| Updated: 6/16/2021
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Cosponsors (9)
Dianne Feinstein (Democratic)Jack Reed (Democratic)Kirsten E. Gillibrand (Democratic)Christopher A. Coons (Democratic)Christopher Murphy (Democratic)Martin Heinrich (Democratic)Brian Schatz (Democratic)Cory A. Booker (Democratic)Richard Blumenthal (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Save Our Future Act This bill imposes a fee on certain fossil fuels, including coal, petroleum products, and natural gas. It also imposes fees on fluorinated greenhouse gases imported into the United States and on facilities that emit greenhouse gases from processes other than fossil fuel combustion. The bill provides rebates to middle- and low-income taxpayers equal to $800 ($1,600 for joint returns), plus $300 times the number of taxpayer dependents. The bill directs the Department of the Treasury to provide cost mitigation grants to states and Indian tribes to assist with the transition to a low-carbon economy, assist rural households in reducing energy expenses, and for assistance to displaced coal industry workers. The bill creates an Office of Energy Veterans Assistance. It also provides funds through FY2032 for community assistance programs, including the Appalachian Regional Commission Revitalization Initiative and the Coal Communities Assistance Initiative. The bill provides funds for each fiscal year after FY2022 for assistance to environmental justice communities (i.e., communities most impacted by environmental harms and risks).
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Timeline
Jun 16, 2021
Introduced in Senate
Jun 16, 2021
Read twice and referred to the Committee on Finance.
  • June 16, 2021
    Introduced in Senate


  • June 16, 2021
    Read twice and referred to the Committee on Finance.

Taxation

Air qualityAlternative and renewable resourcesAppalachian Regional CommissionAppropriationsBuilding constructionBusiness investment and capitalBusiness recordsCivil actions and liabilityClimate change and greenhouse gasesCoalCongressional oversightDepartment of CommerceDepartment of the TreasuryDisability assistanceEconomic developmentElectric power generation and transmissionEmployee benefits and pensionsEmployee hiringEmployment and training programsEnergy assistance for the poor and agedEnergy efficiency and conservationEnergy pricesEnvironmental assessment, monitoring, researchEnvironmental healthEnvironmental Protection Agency (EPA)Executive agency funding and structureForests, forestry, treesGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment lending and loan guaranteesGovernment trust fundsHazardous wastes and toxic substancesHealth care costs and insuranceHealth care coverage and accessHigher educationIncome tax creditsIndian lands and resources rightsIndian social and development programsInflation and pricesInfrastructure developmentLand use and conservationMiningMinority and disadvantaged businessesMinority educationMinority healthOil and gasPoverty and welfare assistanceRural conditions and developmentSales and excise taxesScience and engineering educationSmall businessSocial security and elderly assistanceSolid waste and recyclingState and local financeState and local government operationsState and local taxationStudent aid and college costsUser charges and feesVocational and technical educationWages and earnings

Save Our Future Act

USA117th CongressS-2085| Senate 
| Updated: 6/16/2021
Save Our Future Act This bill imposes a fee on certain fossil fuels, including coal, petroleum products, and natural gas. It also imposes fees on fluorinated greenhouse gases imported into the United States and on facilities that emit greenhouse gases from processes other than fossil fuel combustion. The bill provides rebates to middle- and low-income taxpayers equal to $800 ($1,600 for joint returns), plus $300 times the number of taxpayer dependents. The bill directs the Department of the Treasury to provide cost mitigation grants to states and Indian tribes to assist with the transition to a low-carbon economy, assist rural households in reducing energy expenses, and for assistance to displaced coal industry workers. The bill creates an Office of Energy Veterans Assistance. It also provides funds through FY2032 for community assistance programs, including the Appalachian Regional Commission Revitalization Initiative and the Coal Communities Assistance Initiative. The bill provides funds for each fiscal year after FY2022 for assistance to environmental justice communities (i.e., communities most impacted by environmental harms and risks).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 16, 2021
Introduced in Senate
Jun 16, 2021
Read twice and referred to the Committee on Finance.
  • June 16, 2021
    Introduced in Senate


  • June 16, 2021
    Read twice and referred to the Committee on Finance.
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Cosponsors (9)
Dianne Feinstein (Democratic)Jack Reed (Democratic)Kirsten E. Gillibrand (Democratic)Christopher A. Coons (Democratic)Christopher Murphy (Democratic)Martin Heinrich (Democratic)Brian Schatz (Democratic)Cory A. Booker (Democratic)Richard Blumenthal (Democratic)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Air qualityAlternative and renewable resourcesAppalachian Regional CommissionAppropriationsBuilding constructionBusiness investment and capitalBusiness recordsCivil actions and liabilityClimate change and greenhouse gasesCoalCongressional oversightDepartment of CommerceDepartment of the TreasuryDisability assistanceEconomic developmentElectric power generation and transmissionEmployee benefits and pensionsEmployee hiringEmployment and training programsEnergy assistance for the poor and agedEnergy efficiency and conservationEnergy pricesEnvironmental assessment, monitoring, researchEnvironmental healthEnvironmental Protection Agency (EPA)Executive agency funding and structureForests, forestry, treesGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment lending and loan guaranteesGovernment trust fundsHazardous wastes and toxic substancesHealth care costs and insuranceHealth care coverage and accessHigher educationIncome tax creditsIndian lands and resources rightsIndian social and development programsInflation and pricesInfrastructure developmentLand use and conservationMiningMinority and disadvantaged businessesMinority educationMinority healthOil and gasPoverty and welfare assistanceRural conditions and developmentSales and excise taxesScience and engineering educationSmall businessSocial security and elderly assistanceSolid waste and recyclingState and local financeState and local government operationsState and local taxationStudent aid and college costsUser charges and feesVocational and technical educationWages and earnings