summary
Introduced
09/12/2024
09/12/2024
In Committee
09/12/2024
09/12/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To impose an assessment related to fossil fuel emissions, to establish the Polluters Pay Climate Fund, and for other purposes.
AI Summary
This bill, the Polluters Pay Climate Fund Act of 2024, would impose a tax on fossil fuel companies based on their share of carbon dioxide emissions over the past 22 years. The revenues from this tax would be deposited into a new Polluters Pay Climate Fund, which would be used to fund climate change adaptation, resilience, and environmental justice initiatives, including disaster response and recovery, climate-resilient infrastructure, and support for environmental justice communities. The bill also clarifies that the tax and fund do not preempt or restrict any existing legal remedies or state and local climate actions.
Committee Categories
Budget and Finance
Sponsors (23)
Jerry Nadler (D)*,
Becca Balint (D),
Cori Bush (D),
André Carson (D),
Kathy Castor (D),
Judy Chu (D),
Madeleine Dean (D),
Dan Goldman (D),
Raúl Grijalva (D),
Jared Huffman (D),
Jeff Jackson (D),
Pramila Jayapal (D),
Hank Johnson (D),
Barbara Lee (D),
Summer Lee (D),
Grace Meng (D),
Eleanor Holmes Norton (D),
Alexandria Ocasio-Cortez (D),
Delia Ramirez (D),
Jamie Raskin (D),
Jan Schakowsky (D),
Rashida Tlaib (D),
Bonnie Watson Coleman (D),
Last Action
Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Energy and Commerce, 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. (on 09/12/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/9573/all-info |
| BillText | https://www.congress.gov/118/bills/hr9573/BILLS-118hr9573ih.pdf |
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