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Carbon Fee and Monthly Dividends: New Climate and Financial Policy.

This law establishes a new fee on fossil fuels based on their carbon emissions, which is expected to increase energy and product costs. Crucially, the majority of the collected revenue will be returned directly to citizens through monthly cash payments, known as carbon dividends, designed to offset these rising expenses. The primary goal is to drive down pollution and meet national emission reduction targets.
Key points
A carbon fee is imposed on crude oil, natural gas, and coal, starting at $15 per metric ton of CO2-e and increasing annually.
Citizens will receive monthly cash dividends from the collected fees, providing direct financial relief to households.
Border adjustments are implemented, taxing carbon-intensive imports and refunding fees on exports, to prevent companies from moving production overseas.
Dividend payments will not count as income when determining eligibility for federal assistance programs.
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Expired
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Additional Information
Print number: 117_HR_2307
Sponsor: Rep. Deutch, Theodore E. [D-FL-22]
Process start date: 2021-04-01
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Energy Innovation and Carbon Dividend Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2307.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-01.

What are the main provisions?

Key points include:

  • A carbon fee is imposed on crude oil, natural gas, and coal, starting at $15 per metric ton of CO2-e and increasing annually.
  • Citizens will receive monthly cash dividends from the collected fees, providing direct financial relief to households.
  • Border adjustments are implemented, taxing carbon-intensive imports and refunding fees on exports, to prevent companies from moving production overseas.
  • Dividend payments will not count as income when determining eligibility for federal assistance programs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Deutch, Theodore E. [D-FL-22].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Energy.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Environment Economy