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Polluters Pay Act: $1 Trillion Fund for Climate Resilience and Disaster Aid

This Act imposes a $1 trillion assessment on major fossil fuel companies based on their historical CO2 emissions since 2000. The money establishes a dedicated Climate Fund to finance national resilience, adaptation, and disaster response efforts against extreme weather events like floods and heatwaves. Crucially, 40% of the funds are reserved for vulnerable and environmental justice communities.
Key points
Major fossil fuel companies must pay a collective $1 trillion assessment based on their historical CO2 emissions (2000-2023) to fund climate response.
Funds will finance climate resilience projects, disaster recovery (including FEMA funding), and infrastructure improvements across the nation.
The law ensures that citizens and local governments retain the right to sue these companies for climate damages, independent of the new fund.
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Introduced
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Additional Information
Print number: 119_HR_1135
Sponsor: Rep. Nadler, Jerrold [D-NY-12]
Process start date: 2025-02-07
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Polluters Pay Climate Fund Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1135.

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 2025-02-07.

What are the main provisions?

Key points include:

  • Major fossil fuel companies must pay a collective $1 trillion assessment based on their historical CO2 emissions (2000-2023) to fund climate response.
  • Funds will finance climate resilience projects, disaster recovery (including FEMA funding), and infrastructure improvements across the nation.
  • The law ensures that citizens and local governments retain the right to sue these companies for climate damages, independent of the new fund.
What is the specific legal status?

The current status is Introduced.

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. Nadler, Jerrold [D-NY-12].

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 2025-12-22.

CATEGORIES

Taxes Environment Public Investments