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Carbon Emission Taxes and Climate Dividends for Citizens

This act introduces a system of fees for greenhouse gas emissions for fuel-producing companies, aiming to reduce pollution. Money collected from these fees will be partially returned to citizens in the form of regular payments, called "Healthy Climate Dividends," to help them cover potential higher costs. Additionally, the act aims to protect communities most affected by pollution.
Key points
Companies producing or importing crude oil, coal, and natural gas will be required to purchase special carbon permits, encouraging them to reduce pollution.
A portion of the funds collected from these fees will be regularly paid to citizens with a social security number as "Healthy Climate Dividends," which may help with household budgets.
The act includes mechanisms to protect communities most vulnerable to pollution, through air quality monitoring and additional measures if pollution levels do not decrease sufficiently.
Border fees will be imposed on imported carbon-intensive goods, and payments will be made to exporters, to protect the competitiveness of American businesses.
The act does not limit existing rights or legal claims related to pollution and climate change.
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Additional Information
Print number: 117_S_5338
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2022-12-21