Bill > HR3338

This bill establishes a comprehensive framework for addressing greenhouse gas emissions and infrastructure development in the United States. The MARKET CHOICE Act would impose a tax on greenhouse gas emissions from fossil fuels, industrial processes, and certain product uses, starting at $40 per metric ton in 2027 and increasing annually. The bill creates a Rebuilding Infrastructure and Solutions for the Environment (RISE) Trust Fund, which will allocate funds to various infrastructure and environmental projects, including highway maintenance, energy research, flood mitigation, and assistance for displaced energy workers. A key feature is the establishment of a border tax adjustment to prevent carbon leakage and ensure international competitiveness. The bill also creates a National Climate Commission to set emissions reduction goals and assess government policies. Additionally, it provides tax credits for state emissions payments, offers exemptions for carbon capture and storage, and includes provisions for worker assistance in the energy sector. The legislation aims to reduce greenhouse gas emissions while supporting economic transition and infrastructure development, with a focus on balancing environmental goals with economic considerations.

Budget and Finance, Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/3338/all-info