To impose an assessment related to fossil fuel emissions, to establish the Polluters Pay Climate Fund, and for other purposes.
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 impose an assessment related to fossil fuel emissions, to establish the Polluters Pay Climate Fund, and for other purposes., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers. The main policy domain is Energy, Environment, Criminal Justice.
Who Benefits and How
energy producers, utilities, and energy consumers 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, energy producers, utilities, and energy consumers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title This Act may be cited as the Polluters Pay Climate Fund Act of 2024.
- Section id7DB112F2F23F4A40A698B617C98B9F9D: 2. Findings Congress finds that— climate change, resulting primarily from the combustion of fossil fuels, is an immediate, grave threat to the communities,...
- Section id362C6982031D4A40A97021E09A9CB6F3: 3. Tax relating to current stock of greenhouse gas emissions Chapter 38 of the Internal Revenue Code of 1986 is amended by adding at the end the following new...
- Section id945C441ED4064159960E71803C179B7D: 4691. Imposition of tax Each assessable person shall pay to the Secretary of the Treasury not later than the applicable payment date a tax in an amount...
- Section idC5366824FF744B4F98043912842A9B7C: 4. Polluter Pays Climate Change Fund Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:...
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 impose an assessment related to fossil fuel emissions, to establish the Polluters Pay Climate Fund, and for other purposes., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers.
Key Policy Areas
Energy, Environment, Criminal Justice
Primary Purpose
This bill, To impose an assessment related to fossil fuel emissions, to establish the Polluters Pay Climate Fund, and for other purposes., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers.
Policy Domains
Whole bill
Identified Gains
- energy producers, utilities, and energy consumers
Identified Costs
- federal implementing agencies
- energy producers, utilities, and energy consumers
Sponsors
Legislative Progress
IntroducedMr. Van Hollen (for himself, Mr. Sanders, Ms. Warren, Mr. …
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?
- "administrator_of_epa"
- → Administrator of the Environmental Protection Agency
- "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