Bill > HR8962

This bill establishes a Methane Border Adjustment Mechanism (MBAM) as part of the Internal Revenue Code. The MBAM imposes a tax on the importation of petroleum, natural gas, and potentially other substances that have significant embodied methane emissions. The tax amount is based on the total methane emissions charges that would be imposed on these substances if they were produced in the United States. The bill also encourages international cooperation to implement similar MBAM systems, with the goal of reducing global methane emissions and supporting the market for clean U.S. gas exports.