3.0.0 5307 2023-01-11T13:25:53Z 2023-01-11T13:25:53Z House H HR 2014-07-31 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LARSON of Connecticut:H.R. 5307.Congress has the power to enact this legislation pursuantto the following:Clause 1 of Section 8 of Article 1 of the United StatesConstitution[Page H7185]]]> hsfa00 Foreign Affairs Committee House Standing Referred to 2014-07-31T13:02:30Z hswm00 Ways and Means Committee House Standing Referred to 2014-07-31T13:02:25Z 2014-07-31 Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, 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. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2014-07-31 Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-07-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-07-31 Introduced in House IntroReferral 1000 9 Library of Congress L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 N Taxation Advanced technology and technological innovations Air quality Alternative and renewable resources Climate change and greenhouse gases Coal Congressional oversight Employment taxes Energy research Government studies and investigations Government trust funds Income tax credits International law and treaties Oil and gas Research administration and funding Research and development Roads and highways Sales and excise taxes Transportation programs funding Taxation 00 2014-07-31 Introduced in House 2014-09-15T21:50:26Z America's Energy Security Trust Fund Act of 2014 - Amends the Internal Revenue Code to impose an excise tax, beginning in calendar year 2016, on any taxable carbon substance sold by its manufacturer, producer, or importer. Defines "taxable carbon substance" as: (1) coal (including lignite and peat); (2) petroleum and any petroleum products; and (3) natural gas that is extracted, manufactured, or produced in the United States, or entered into the United States for consumption, use, or warehousing.

Establishes in the Treasury the America's Energy Security Trust Fund to assist industries negatively affected by this Act, make transfers to the Highway Trust Fund to cover shortfalls, and provide payroll tax relief.

Allows individual taxpayers a tax credit equal to carbon tax rebate amounts calculated by the Secretary of the Treasury.

Directs the Secretary of the Treasury to study and report to Congress on the best methods to assess and collect taxes on non-carbon greenhouse gases.

Expresses the sense of Congress that the United States should establish binding agreements with major greenhouse gas emitting nations to reduce global greenhouse gas emissions.

]]> America's Energy Security Trust Fund Act of 2014 Display Title America's Energy Security Trust Fund Act of 2014 Official Title as Introduced To amend the Internal Revenue Code of 1986 to reduce carbon pollution in the United States, invest in the Nation's infrastructure, and cut taxes for working Americans. Introduced in House IH Short Titles as Introduced America's Energy Security Trust Fund Act of 2014 Introduced in House 2014-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5307ih/xml/BILLS-113hr5307ih.xml 2014-07-31 Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.