Docket
118th Congress · HOUSE BILLBILL

H.R. 5744 — Energy Innovation and Carbon Dividend Act of 2023

“To create a Carbon Dividend Trust Fund for the American people in order to encourage market-driven innovation of clean energy technologies and market efficiencies which will reduce harmful pollution and leave a healthier, more stable, and more prosperous Nation for future generations.”

Taxation
Introduced Sep 27, 2023
Last action Dec 17, 2024
Pipeline · Bill → Law
Step 1
Introduced
Sep 27, 2023
Step 2
Referred
Dec 17, 2024
Foreign Affairs · E&C · Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill imposes a fee on the carbon content of fuels, including crude oil, natural gas, coal, or any other product derived from those fuels that will be used so as to emit greenhouse gases into the atmosphere. The fee is imposed on the producers or importers of the fuels and is equal to the greenhouse gas content of the fuel multiplied by the carbon fee rate. The rate begins at $15 per metric ton of CO2-e (i.e., carbon dioxide equivalent) in 2023, increases by $10 each year, and is subject to further adjustments based on the progress in meeting specified emissions reduction targets. The bill also includes exemptions for fuels used for agricultural or nonemitting purposes, exemptions fo...

Provisions · 10 sectionsIntroduced in House
Timeline · 7 actions
Dec 17, 2024
Referred to the Subcommittee on Social Security.
Dec 17, 2024
Referred to the Subcommittee on Trade.
Sep 29, 2023
Referred to the Subcommittee on Energy, Climate and Grid Security.
Sep 27, 2023
Introduced in House
Sep 27, 2023
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 27, 2023
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 27, 2023
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.