Carbon Fee and Citizen Rebates: America's Clean Future Fund Act
This act establishes a new fee on fossil fuels and industrial emissions to reduce greenhouse gases. To mitigate potential cost increases, eligible adults will receive direct, quarterly "carbon fee rebate payments." The legislation also creates a dedicated fund and corporation to finance clean energy projects, climate resilience, and workforce transition in communities reliant on carbon-intensive industries.
Key points
A carbon fee is imposed on crude oil, natural gas, and coal starting in 2026.
Quarterly direct payments (carbon fee rebates) will be issued to eligible adults, subject to phaseouts based on income thresholds.
Establishes the Climate Change Finance Corporation (C2FC) to invest in low-emission technologies and climate-resilient infrastructure, prioritizing disadvantaged communities.
Provides grants for economic development, worker retraining, and environmental cleanup in communities impacted by the shift away from fossil fuels.
Status:
Expired
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