# 119-s-2712: America's Clean Future Fund Act

119-s-2712, America's Clean Future Fund Act, is a 119th Congress bill sponsored by Sen. Durbin, Richard J. [D-IL] (D-IL); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-2712
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2712
- Congress: 119
- Title: America's Clean Future Fund Act
- Status: introduced
- Introduced: 2025-09-04
- Sponsor: Sen. Durbin, Richard J. [D-IL] (D-IL)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Creates a carbon-fee funded trust to pay quarterly rebates, fund a new Climate Change Finance Corporation, and back agricultural and community transition programs.** It sets statutory emissions goals of 45 percent by 2030 and 100 percent by 2050, both relative to 2018, and pairs a fee on noncovered fuel emissions with rebates and targeted investments.

## Provisions PRIA read

- New Climate Finance Corporation: benefit, high. If enacted, this would create an independent Climate Change Finance Corporation to make grants and guarantee loans for clean energy, resilience, and industrial decarbonization. It could guarantee 75% of financing at disbursement and collect guarantee fees, with borrower fee caps (up to 2% for loans…
- Grants for worker and community transition: benefit, medium. If enacted, Commerce (with Labor) would award grants to help workers and communities shift from carbon‑intensive jobs to cleaner work. Grants can fund job training, apprenticeships, subsidized employment, support services, early‑retiree subsidies, and cleanup of retired fossil‑fuel sites. Initial a…
- Quarterly carbon rebate payments: benefit, medium. If enacted, this would pay eligible adults a quarterly carbon rebate starting after Sept. 30, 2027. Each quarter you would get one quarter of that year's rebate pot divided among eligible adults. The law provides $37.5 billion for FY2026 and $37.5 billion for FY2027 for initial payments. Payments w…
- Payments for farm decarbonization: benefit, medium. If enacted, Agriculture would pay eligible producers for verified climate‑smart actions on land with a 3‑year cropping or livestock history. Payments must be measurable, reportable, and verifiable. The Secretary must set payment rates considering additionality, early adoption, and co‑benefits. The…
- New payments for carbon capture: benefit, medium. If enacted, this would pay for each metric ton of qualified carbon oxide that is captured and securely stored or used. The payment equals the applicable carbon fee rate for the year and source. Payments cannot be claimed for carbon sold or used as a tertiary injectant in certain oil or gas recovery…
- Carbon studies and sequestration targets: benefit, low. If enacted, EPA would ask the National Academy of Sciences to study how well the fees reduce greenhouse gases by Jan. 1, 2029 and at least every five years after. The study would look at total U.S. emissions and local pollution in environmental justice communities. The Council on Environmental Qual…
- New carbon fee on fuels: cost, high. If enacted, this would create a federal carbon fee on covered fuels for calendar years after Dec. 31, 2026. The fee equals a fuel's greenhouse gas content times the annual carbon fee rate. The rate would start at $75 per ton in 2027 and rise each year on a set schedule, with bigger increases if emi…
- America's Clean Future Trust Fund: mixed, high. If enacted, this would create a Treasury trust fund that holds carbon fees and, for each of the first 14 fiscal years after Sept. 30, 2027, receives an extra transfer equal to $100 billion ÷ 14. Each year the fund would split money among rebate/transition payments, an agricultural decarbonization s…
- Import fees and export refunds: mixed, high. If enacted, this would make importers pay a carbon equivalency fee like the domestic carbon fee and allow exporters to get refunds for carbon fees paid at home. The import fee would be reduced by any similar foreign fee, and the Secretary may treat some foreign policies as equivalent. The Secretary…

## Related bills

- 119-s-5071: Children's Safe Welcome Act of 2026
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-4504: Full-Service Community School Expansion Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-2763: Keep Billionaires Out of Social Security Act

## Sources
- [119-s-2712 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2712)

## Related
- [119-s-5071: Children's Safe Welcome Act of 2026](https://policyrisk.com/legislation/119-s-5071)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-4504: Full-Service Community School Expansion Act of 2026](https://policyrisk.com/legislation/119-s-4504)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2712 (as of 2026-04-21).