No CRS summary available for this bill.
This section defines key terms—including "direct emitter" (i.e., facilities subject to greenhouse gas reporting requirements under subparts C through JJ of 40 C.F.R. part 98, or others determined appropriate by the EPA Administrator) and "scope 3 emissions" (i.e., indirect greenhouse gas emissions from upstream and downstream value chain activities)—and directs the EPA Administrator, not later than one year after enactment, to conduct a study and publish guidance on calculating and reporting such emissions for direct emitters above thresholds determined by the Administrator. The guidance must include (1) recommended reporting thresholds; (2) calculation methodologies based on source categories; (3) recommendations on monitoring frequency; (4) quality assurance and control measures; (5) methodologies for estimating missing data; and (6) recordkeeping and reporting procedures. This section states that it does not affect existing authorities of the President, federal agencies, or states.