Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
115-hr-4889115th Congress
Healthy Climate and Family Security Act of 2018
Sponsored By: Representative Beyer, Donald S. [D-VA-8]
Unknown
Summary
Healthy Climate and Family Security Act of 2018 This bill amends the Internal Revenue Code to require the Department of the Treasury to establish a carbon trading program that caps the emissions of carbon dioxide (CO2) from crude oil, coal, and natural gas. Beginning in 2019, crude oil refineries, petroleum importers, coal mines, coal importers, and natural gas suppliers or processors must purchase carbon permits equivalent to the amount of CO2 that would be emitted by covered fuels. Treasury will auction these permits to those entities. This bill establishes a declining cap on the quantity of permits issued to reduce CO2 emissions until 2050 when the permits issued represent an amount 80% below 2005 CO2 emission levels. Treasury must issue permits for carbon capture and sequestration of CO2 from covered fuels. This bill provides for the trading or sale of permits between entities, the banking by entities of permits for future years, and the borrowing by Treasury of permits from future years to stabilize permit prices. Auction proceeds and penalties are returned to U.S. citizens lawfully present in the United States using the Healthy Climate Trust Fund established by this bill. Treasury must impose fees on the import and pay fees for the export of carbon-intensive goods when the export country does not have equivalent measures to regulate greenhouse gases. Carbon-intensive goods are goods with an increased cost due to the regulation of greenhouse gases. The Environmental Protection Agency must regulate within 10 years all sources of greenhouse gases that are anthropogenically emitted. This excludes gases attributable to the production of animals for food.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Beyer, Donald S. [D-VA-8]
VA • D
Cosponsors
Rep. Raskin, Jamie [D-MD-8]
MD • D
Sponsored 1/29/2018
Rep. Velázquez, Nydia M. [D-NY-7]
NY • D
Sponsored 1/29/2018
Rep. McGovern, James P. [D-MA-2]
MA • D
Sponsored 1/29/2018
Rep. DeLauro, Rosa L. [D-CT-3]
CT • D
Sponsored 1/29/2018
Rep. Lee, Barbara [D-CA-12]
CA • D
Sponsored 1/29/2018
Rep. Schakowsky, Janice D. [D-IL-9]
IL • D
Sponsored 1/29/2018
Rep. Huffman, Jared [D-CA-2]
CA • D
Sponsored 1/29/2018
Rep. Hastings, Alcee L. [D-FL-20]
FL • D
Sponsored 1/29/2018
Rep. DeSaulnier, Mark [D-CA-10]
CA • D
Sponsored 1/29/2018
Rep. Lofgren, Zoe [D-CA-18]
CA • D
Sponsored 1/29/2018
Rep. Cartwright, Matt [D-PA-8]
PA • D
Sponsored 1/29/2018
Rep. Khanna, Ro [D-CA-17]
CA • D
Sponsored 1/29/2018
Rep. McNerney, Jerry [D-CA-9]
CA • D
Sponsored 1/29/2018
Rep. Lieu, Ted [D-CA-36]
CA • D
Sponsored 1/29/2018
Rep. Blumenauer, Earl [D-OR-3]
OR • D
Sponsored 1/29/2018
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 1/29/2018
Rep. Lowenthal, Alan S. [D-CA-47]
CA • D
Sponsored 1/29/2018
Rep. Connolly, Gerald E. [D-VA-11]
VA • D
Sponsored 1/29/2018
Rep. Scott, Robert C. "Bobby" [D-VA-3]
VA • D
Sponsored 1/29/2018
RICHARD NOLAN
MN • D
Sponsored 1/30/2018
Rep. Chu, Judy [D-CA-28]
CA • D
Sponsored 3/22/2018
Rep. Lynch, Stephen F. [D-MA-8]
MA • D
Sponsored 3/26/2018
Rep. Bonamici, Suzanne [D-OR-1]
OR • D
Sponsored 4/13/2018
Rep. Cohen, Steve [D-TN-9]
TN • D
Sponsored 1/29/2018
Sen. Welch, Peter [D-VT]
VT • D
Sponsored 1/29/2018
Rep. Napolitano, Grace F. [D-CA-31]
CA • D
Sponsored 1/29/2018
MICHAEL CAPUANO
MA • D
Sponsored 1/29/2018
Rep. McEachin, A. Donald [D-VA-4]
VA • D
Sponsored 1/29/2018
Rep. Pingree, Chellie [D-ME-1]
ME • D
Sponsored 1/30/2018
Rep. Espaillat, Adriano [D-NY-13]
NY • D
Sponsored 2/7/2018
Rep. Brown, Anthony G. [D-MD-4]
MD • D
Sponsored 2/13/2018
Rep. Watson Coleman, Bonnie [D-NJ-12]
NJ • D
Sponsored 2/13/2018
Rep. Carson, André [D-IN-7]
IN • D
Sponsored 3/22/2018
Rep. Pocan, Mark [D-WI-2]
WI • D
Sponsored 3/22/2018
Rep. Grijalva, Raúl M. [D-AZ-7]
AZ • D
Sponsored 3/22/2018
Rep. Soto, Darren [D-FL-9]
FL • D
Sponsored 4/24/2018
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov