To amend the Internal Revenue Code of 1986 to establish a carbon fee to reduce greenhouse gas emissions, 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 amend the Internal Revenue Code of 1986 to establish a carbon fee to reduce greenhouse gas emissions, and for other purposes., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers. The main policy domain is Energy, Labor, Finance.
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 America's Clean Future Fund Act.
- Section id78be6f58e55044ffbafee520e9443c2e: 2. Climate Change Finance Corporation There is established in the executive branch an independent agency, to be known as the Climate Change Finance Corporation...
- Section idF8C1AD8AA7A04D8F99095095ED5F1F68: 3. Carbon fee Chapter 38 of subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new subchapter: ECarbon feeSec. 4691....
- Section HD8B5A440240C4815AC1E7255EBF14F3F: 4691. Definitions For purposes of this subchapter— The term Administrator means the Administrator of the Environmental Protection Agency. The term carbon...
- Section idA5467AFDA562476E82183FA7DD1F1ECC: 4692. Carbon fee In this section: The term applicable period means, with respect to any determination made by the Secretary under subsection (e)(3) for any...
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 carbon fee to reduce greenhouse gas emissions, and for other purposes., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers.
Key Policy Areas
Energy, Labor, Finance
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to establish a carbon fee to reduce greenhouse gas emissions, 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
Legislative Progress
IntroducedMr. Durbin introduced the following bill; which was read twice …
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?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_labor"
- → Secretary of Labor
- "secretary_of_energy"
- → Secretary of Energy
- "administrator_of_epa"
- → Administrator of the Environmental Protection Agency
- "administrator_of_fema"
- → Administrator of the Federal Emergency Management Agency
- "secretary_of_commerce"
- → Secretary of Commerce
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_agriculture"
- → Secretary of Agriculture
Key Definitions
Terms defined in this bill
the Secretary of Commerce, acting through the Assistant Secretary of Commerce for Economic Development. The term State means— a State
that the eligible producer— has been socially or economically disadvantaged by previous discriminatory laws or policies based on race, ethnicity, or disability
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