Climate Action Rebate Act of 2019

HB 4051 Climate Action Rebate Act of 2019

US Congress 116th Congress

Climate Action Rebate Act of 2019
HB-4051


About HB-4051

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),

  

Bill Texts

Introduced 08/04/2019

Weigh In

Votes for: 0 Votes against: 1

Sponsors (6)

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Subject(s)

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 Economic Development Electric Power Generation And Transmission Employee Benefits And Pensions Employment And Training Programs Energy Assistance For The Poor And Aged Energy Efficiency And Conservation Energy Prices Energy Storage, Supplies, Demand Environmental Protection Agency (epa) Environmental Technology Executive Agency Funding And Structure Export-import Bank Of The United States Farmland Floods And Storm Protection Foreign Aid And International Relief Forests, Forestry, Trees Government Lending And Loan Guarantees Government Trust Funds Hazardous Wastes And Toxic Substances Health Facilities And Institutions Health Programs Administration And Funding Housing And Community Development Funding Hybrid, Electric, And Advanced Technology Vehicles Income Tax Credits Infrastructure Development International Law And Treaties International Organizations And Cooperation Internet And Video Services Land Use And Conservation Metals Mining Nuclear Power Oil And Gas Public Contracts And Procurement Public Transit Railroads Roads And Highways Rural Conditions And Development Sales And Excise Taxes Tariffs Tax Administration And Collection, Taxpayers Transportation Programs Funding U.s. Agency For International Development (usaid) Veterans' Medical Care Wages And Earnings Water Quality Water Resources Funding Water Use And Supply Watersheds Wetlands