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Carbon Fee and Rebates: Funding Clean Energy and Economic Transition

This Act establishes a carbon fee on fossil fuels and industrial emissions starting in 2027. Revenue is deposited into a Trust Fund to provide quarterly, non-taxable rebate payments to eligible adults. Funds are also appropriated for the Climate Change Finance Corporation to finance clean energy and resilience projects, and for grants to support workers and communities impacted by the transition away from carbon-intensive industries.
Key points
Carbon Fee: A fee starting at $75 per metric ton of CO2-e in 2027 on oil, gas, and coal, with annual increases.
Quarterly Rebates: Eligible adults (based on income and residency) will receive regular, non-taxable payments from the collected fees.
Clean Energy Finance: Establishment of the C2FC to fund low-emission technologies and climate-resilient infrastructure.
Transition Assistance: Grants for job retraining, early retirement subsidies for workers in carbon-intensive industries, and payments to farmers for emission reductions.
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Additional Information
Print number: 119_S_2712
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2025-09-04
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

America's Clean Future Fund Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2712.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-09-04.

What are the main provisions?

Key points include:

  • Carbon Fee: A fee starting at $75 per metric ton of CO2-e in 2027 on oil, gas, and coal, with annual increases.
  • Quarterly Rebates: Eligible adults (based on income and residency) will receive regular, non-taxable payments from the collected fees.
  • Clean Energy Finance: Establishment of the C2FC to fund low-emission technologies and climate-resilient infrastructure.
  • Transition Assistance: Grants for job retraining, early retirement subsidies for workers in carbon-intensive industries, and payments to farmers for emission reductions.
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. Durbin, Richard J. [D-IL].

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 Economy