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Fossil Fuel Companies Pay for Climate Adaptation and Disaster Fund

This act imposes an assessment on major fossil fuel companies responsible for significant historical CO2 emissions (2000-2023). The collected funds will establish the Polluters Pay Climate Fund, dedicated to financing climate resilience, disaster response, and adaptation efforts across the nation. Citizens benefit from enhanced protection against extreme weather events and targeted investments in vulnerable communities and critical infrastructure.
Key points
A tax is levied on the largest fossil fuel companies (those exceeding 1 billion metric tons of historical CO2 emissions) to raise $1 trillion.
The new Climate Fund will finance projects strengthening infrastructure (energy, water, transport) against climate change impacts.
40% of the funds are specifically allocated to benefit environmental justice communities, including low-income and minority groups.
Significant annual funding is directed to FEMA for disaster response and resilience programs, improving community preparedness and recovery.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_25
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2025-01-07
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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_S_25.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-01-07.

What are the main provisions?

Key points include:

  • A tax is levied on the largest fossil fuel companies (those exceeding 1 billion metric tons of historical CO2 emissions) to raise $1 trillion.
  • The new Climate Fund will finance projects strengthening infrastructure (energy, water, transport) against climate change impacts.
  • 40% of the funds are specifically allocated to benefit environmental justice communities, including low-income and minority groups.
  • Significant annual funding is directed to FEMA for disaster response and resilience programs, improving community preparedness and recovery.
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 Sen. Van Hollen, Chris [D-MD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Taxes Environment Public Investments