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Carbon Emission Charges: New Rules for Businesses and Imported Goods

This act introduces new carbon emission charges for US-based manufacturing companies and imported goods, aiming to reduce pollution. Companies will need to report their emissions, and those with higher carbon intensity will pay more. A portion of the revenue will fund programs supporting clean technology investments and climate aid for other nations.
Key points
US companies producing specific goods will face carbon emission charges if their production is more carbon-intensive than the industry average.
Imported goods into the US will also be subject to carbon charges, unless they originate from least developed countries or nations with similar climate policies.
A portion of the collected fees will fund grants for US businesses to invest in emission-reducing technologies and support climate programs in other countries.
The charges will increase over time, and companies will be required to regularly report their greenhouse gas emissions.
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Additional Information
Print number: 118_HR_6622
Sponsor: Rep. DelBene, Suzan K. [D-WA-1]
Process start date: 2023-12-06