HR8962-118

Introduced

To amend the Internal Revenue Code of 1986 to establish a methane border adjustment mechanism.

118th Congress Introduced Jul 9, 2024

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend the Internal Revenue Code of 1986 to establish a methane border adjustment mechanism., changes federal law or congressional policy affecting environmental regulators and natural-resource users. The main policy domain is Environment, Trade, Energy.

Who Benefits and How

environmental regulators and natural-resource users may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, environmental regulators and natural-resource users may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H39897A10FE1D452DBE26A3BD04BACC69: 1. Short title This Act may be cited as the Methane Border Adjustment Mechanism Act.
  • Section H7AF0C7EDDFB34343834AEB60AF0D0F15: 2. Findings Congress finds the following: Methane is a powerful greenhouse gas, with about 80 times the warming power of carbon dioxide on a 20-year time...
  • Section HBB847D42D3FF482B8F04DB607E03DC69: 3. Establishment of methane border adjustment mechanism Chapter 38 of the Internal Revenue Code of 1986 is amended by adding at the end the following new...
  • Section HFFA736C4B7874420982EA963DFE10038: 4691. Methane border adjustment mechanism There is hereby imposed a tax on any methane adjustment substance sold or used by the importer thereof. The amount of...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To amend the Internal Revenue Code of 1986 to establish a methane border adjustment mechanism., changes federal law or congressional policy affecting environmental regulators and natural-resource users.

Key Policy Areas

Environment, Trade, Energy

Primary Purpose

This bill, To amend the Internal Revenue Code of 1986 to establish a methane border adjustment mechanism., changes federal law or congressional policy affecting environmental regulators and natural-resource users.

Policy Domains

Environment Trade Energy

Whole bill

Identified Gains
  • environmental regulators and natural-resource users
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
environmental regulators and natural-resource users: ,
Identified Costs
  • federal implementing agencies
  • environmental regulators and natural-resource users
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: ,
environmental regulators and natural-resource users: ,

Legislative Progress

Introduced
Introduced Committee Passed
Jul 9, 2024

Ms. Brownley introduced the following bill; which was referred to …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Environment Trade Energy
Actor Mappings
"the_commission"
→ The commission identified in the operative section
"secretary_of_treasury"
→ Secretary of the Treasury

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