To repeal section 134 of the Clean Air Act, relating to the greenhouse gas reduction fund.
Sponsors
Legislative Progress
ReportedAdditional sponsors: Mr. Griffith, Mr. Duncan, Mr. Bucshon, Mr. Curtis, …
Reported from the Committee on Energy and Commerce; committed to …
Mr. Palmer introduced the following bill; which was referred to …
Summary
What This Bill Does
This bill repeals the Greenhouse Gas Reduction Fund, a major climate program created by the Inflation Reduction Act of 2022. It eliminates Section 134 of the Clean Air Act and rescinds any unspent funds that were allocated to this program (originally 27 billion dollars for green bank financing).
Who Benefits and How
Fossil fuel industries benefit from reduced federal support for competing clean energy projects. Taxpayers who oppose climate spending benefit from the rescission of unobligated funds. Traditional energy companies face less competition from federally-subsidized green energy financing.
Who Bears the Burden and How
Green banks and nonprofit lenders lose access to federal capital for clean energy loans. Clean energy project developers lose a major financing source for solar, wind, and energy efficiency projects. Low-income communities that were targeted beneficiaries of the fund lose access to reduced-cost clean energy financing.
Key Provisions
- Repeals Section 134 of the Clean Air Act (the Greenhouse Gas Reduction Fund)
- Rescinds all unobligated balances from the fund
- Repeals Section 60103 of Public Law 117-169 (the IRA provision creating the fund)
- Effectively dismantles the federal green bank program before full deployment
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Repeals section 134 of the Clean Air Act (the Greenhouse Gas Reduction Fund created by the Inflation Reduction Act) and rescinds any unobligated funds.
Policy Domains
Legislative Strategy
"Roll back Biden-era climate spending by eliminating the Greenhouse Gas Reduction Fund"
Likely Beneficiaries
- Taxpayers (reduced federal spending)
- Fossil fuel industries (reduced competition from green energy financing)
Likely Burden Bearers
- Green energy lenders and nonprofits
- Clean energy project developers
- Environmental groups
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology