summary
Introduced
04/27/2017
04/27/2017
In Committee
04/27/2017
04/27/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
100 by '50 Act This bill calls for the United States to aggressively reduce carbon pollution as rapidly as practicable and achieve 100% clean and renewable energy by 2050. It provides financial support (e.g., grant programs and loans) for clean and renewable energy, including support for affordable zero-emission vehicle-based public transportation, solar energy, and energy efficiency retrofits in homes. The bill provides job training, unemployment compensation, health benefits, and pension and other benefits and services to adversely affected workers employed in the fossil fuel energy sector. The bill amends the Public Utility Regulatory Policies Act of 1978 to create annual caps on fossil fuel electricity beginning in 2022 and ending in 2050 when it is phased out. The Department of Energy (DOE) must establish a grant program for energy storage and dispatchable energy technologies. The bill provides financial incentives (e.g., tax credits and grants) for clean and renewable energy, energy efficiency improvements, and energy storage. The bill amends the Clean Air Act to establish a zero-emission vehicle standard. In addition, it establishes: (1) a carbon fee to transition the commercial aviation, maritime transportation, and rail sectors away from fossil fuel usage; (2) grant programs for zero-emission vehicles; (3) a national highway decarbonization grant program; and (4) tax credits for electric vehicles, hybrid trucks, biofuels, and alternative fuels. DOE must also establish a zero-emission residential and commercial heating grant program. The bill: (1) terminates specified fossil fuel subsidies, and (2) creates a climate duty for carbon-intensive products imported from other countries. The Department of the Treasury must issue climate bonds. The proceeds of the bonds must be deposited in the Climate Fund, which may be used to carry out the bill.
AI Summary
This bill, titled the "100 by '50 Act", proposes to aggressively reduce carbon pollution and achieve 100% clean and renewable energy by 2050. Key provisions of the bill include:
- Providing financial support for clean and renewable energy, including for affordable zero-emission vehicle-based public transportation, solar energy, and energy efficiency retrofits in homes.
- Offering job training, unemployment compensation, health benefits, and pension and other benefits and services to workers adversely affected in the fossil fuel energy sector.
- Amending the Public Utility Regulatory Policies Act to create annual caps on fossil fuel electricity, starting in 2022 and phasing it out by 2050.
- Establishing a grant program for energy storage and dispatchable energy technologies.
- Providing financial incentives like tax credits and grants for clean and renewable energy, energy efficiency improvements, and energy storage.
- Amending the Clean Air Act to establish a zero-emission vehicle standard, requiring 100% zero-emission vehicle sales by 2040.
- Creating a carbon fee to transition the commercial aviation, maritime transportation, and rail sectors away from fossil fuel usage.
- Terminating fossil fuel subsidies and creating a climate duty for carbon-intensive imported products.
- Establishing a Climate Fund and authorizing the issuance of climate bonds to fund the programs in the bill.
The overall goal is to transition the U.S. to 100% clean and renewable energy by 2050 in a just and equitable manner, while supporting affected workers and communities.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Star Print ordered on the bill. (on 07/11/2017)
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/115th-congress/senate-bill/987/all-info |
| BillText | https://www.congress.gov/115/bills/s987/BILLS-115s987is.pdf |
| Bill | https://www.congress.gov/115/bills/s987/BILLS-115s987is.pdf.pdf |
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