3.0.0 2284 2022-11-01T13:50:22Z 2022-11-01T13:50:22Z Senate S 2019-07-25 116 ssfi00 Finance Committee Senate Standing Referred to 2019-07-25T18:10:11Z Climate Action Rebate Act of 2019 116 4051 HR 2019-08-14 Referred to the Subcommittee on Health. Identical bill CRS 2019-07-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-07-25 Introduced in Senate IntroReferral 10000 9 Library of Congress C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. N F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2019-07-25 True Taxation Agricultural conservation and pollution Air quality Alternative and renewable resources Aviation and airports Border security and unlawful immigration Buy American requirements Climate change and greenhouse gases Coal Competitiveness, trade promotion, trade deficits Department of Agriculture Department of Commerce Department of Energy Department of Health and Human Services Department of Homeland Security Department of Labor Department of State Department of Transportation Department of Veterans Affairs Department of the Interior Economic development Electric power generation and transmission Employee benefits and pensions Employment and training programs Energy assistance for the poor and aged Energy efficiency and conservation Energy prices Energy storage, supplies, demand Environmental Protection Agency (EPA) Environmental technology Executive agency funding and structure Export-Import Bank of the United States Farmland Floods and storm protection Foreign aid and international relief Forests, forestry, trees Government lending and loan guarantees Government trust funds Hazardous wastes and toxic substances Health facilities and institutions Health programs administration and funding Housing and community development funding Hybrid, electric, and advanced technology vehicles Income tax credits Infrastructure development International law and treaties International organizations and cooperation Internet and video services Internet, web applications, social media Land use and conservation Metals Mining Nuclear power Oil and gas Public contracts and procurement Public transit Railroads Roads and highways Rural conditions and development Sales and excise taxes Tariffs Tax administration and collection, taxpayers Transportation programs funding U.S. Agency for International Development (USAID) Veterans' medical care Wages and earnings Water quality Water resources funding Water use and supply Watersheds Wetlands Taxation 00 2019-07-25 Introduced in Senate 2019-09-30T15:40:15Z Climate Action Rebate Act of 2019

This bill imposes a carbon fee on the use, sale, or transfer of certain fossil fuels and fluorinated gases that emit greenhouse gases into the atmosphere. The fee is imposed on producers and importers of such fuels and is deposited into a Climate Action Rebate Fund established by this bill. 

The bill establishes an gradual emissions reduction schedule for such fuels between 2020 and 2050 (100% reduction).

The bill requires payment of an equalization fee by fossil fuels and carbon-intensive imported goods at the border and provides for refunds of comparable exports.

The bill rebates up to 70% of net revenues from the fund to low-income individuals as a monthly dividend. Remaining revenues must be used for investment in infrastructure, energy innovation, and assistance for workers and communities to transition to a cleaner energy economy.

All carbon fee revenue must be spent in accordance with Buy American requirements and the Davis-Bacon Act (requires payment of local prevailing wage on public works projects for laborers and mechanics),

]]> Climate Action Rebate Act of 2019 Display Title Climate Action Rebate Act of 2019 Short Title(s) as Introduced Climate Action Rebate Act of 2019 Introduced in Senate IS Official Title as Introduced A bill to create a Climate Action Rebate Fund in order to efficiently reduce greenhouse gas emissions, provide a monthly rebate to the American people, encourage innovation of clean energy technologies and create new economic opportunities, ensure the resiliency of our infrastructure, assist with the transition to a clean energy economy, and leave a healthier, more stable, and more prosperous nation for future generations. Introduced in Senate IS Introduced in Senate 2019-07-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2284is/xml/BILLS-116s2284is.xml 2019-07-25 Read twice and referred to the Committee on Finance. 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.