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Carbon Permits & Climate Dividends: Reducing Emissions, Supporting Families

This act introduces a system of fees for greenhouse gas emissions for companies producing and importing fossil fuels. The collected funds will be distributed to citizens as regular payments, called "Healthy Climate Dividends." The goal is to reduce pollution and support households in transitioning to clean energy.
Key points
Fossil fuel companies will be required to purchase carbon permits, which may impact fuel and energy prices.
Citizens with a valid social security number will receive regular cash payments from a fund created by the sale of these permits.
The act aims to reduce greenhouse gas emissions by 90% by 2050 compared to 2015 levels.
Mechanisms are included to protect communities disproportionately affected by pollution and to monitor air quality.
The act introduces border fees for carbon-intensive imports and rebates for exporters to protect the competitiveness of U.S. businesses.
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Expired
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Additional Information
Print number: 118_HR_10418
Sponsor: Rep. Beyer, Donald S. [D-VA-8]
Process start date: 2024-12-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Healthy Climate and Family Security Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10418.

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 2024-12-16.

What are the main provisions?

Key points include:

  • Fossil fuel companies will be required to purchase carbon permits, which may impact fuel and energy prices.
  • Citizens with a valid social security number will receive regular cash payments from a fund created by the sale of these permits.
  • The act aims to reduce greenhouse gas emissions by 90% by 2050 compared to 2015 levels.
  • Mechanisms are included to protect communities disproportionately affected by pollution and to monitor air quality.
  • The act introduces border fees for carbon-intensive imports and rebates for exporters to protect the competitiveness of U.S. businesses.
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. Beyer, Donald S. [D-VA-8].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Environment Taxes Economy