Energy Innovation and Carbon Dividend Act of 2021
Latest action · Apr 2, 2021 Referred to the Subcommittee on Energy.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 1, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Energy Innovation and Carbon Dividend Act of 2021
This bill imposes a fee on the carbon content of fuels, including crude oil, natural gas, coal, or any other product derived from those fuels that will be used so as to emit greenhouse gases into the atmosphere.
The fee is imposed on the producers or importers of the fuels and is equal to the greenhouse gas content of the fuel multiplied by the carbon fee rate. The rate begins at $15 per metric ton of CO2-e in 2021, increases by $10 each year, and is subject to further adjustments based on the progress in meeting specified emissions reduction targets.
The bill includes
- exemptions for fuels used for agricultural or nonemitting purposes,
- exemptions for fuels used by the Armed Forces,
- rebates for facilities that capture and sequester carbon dioxide, and
- border adjustment provisions that require certain fees or refunds for carbon-intensive products that are exported or imported.
The fees must be deposited into a Carbon Dividend Trust Fund and used for administrative expenses and dividend payments to U.S. citizens or lawful residents. The fees must be decommissioned when emissions levels and monthly dividend payments fall below specified levels.
Cosponsors 95
Members who signed on, in the order they did. Signatures ran from Apr 1, 2021 to Mar 18, 2022; 28 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NJ | Albio Sires | Original | Apr 1, 2021 |
| D-MN | Angie Craig | Original | Apr 1, 2021 |
| D-CA | Anna G. Eshoo | Original | Apr 1, 2021 |
| D-CA | Barbara Lee | Original | Apr 1, 2021 |
| D-CA | Brad Sherman | Original | Apr 1, 2021 |
| D-FL | Charlie Crist | Original | Apr 1, 2021 |
| D-ME | Chellie Pingree | Original | Apr 1, 2021 |
| D-MN | Dean Phillips | Original | Apr 1, 2021 |
| D-WA | Derek Kilmer | Original | Apr 1, 2021 |
| D-PA | Dwight Evans | Original | Apr 1, 2021 |
| D-VA | Gerald E. Connolly | Original | Apr 1, 2021 |
| D-NY | Grace Meng | Original | Apr 1, 2021 |
| D-GA | Henry C. "Hank" Johnson, Jr. | Original | Apr 1, 2021 |
| D-CA | J. Luis Correa | Original | Apr 1, 2021 |
| D-MD | Jamie Raskin | Original | Apr 1, 2021 |
| D-IL | Janice D. Schakowsky | Original | Apr 1, 2021 |
| D-CO | Jason Crow | Original | Apr 1, 2021 |
| D-CA | John Garamendi | Original | Apr 1, 2021 |
| D-NY | Joseph D. Morelle | Original | Apr 1, 2021 |
| D-CA | Judy Chu | Original | Apr 1, 2021 |
| D-CA | Lucille Roybal-Allard | Original | Apr 1, 2021 |
| D-PA | Mary Gay Scanlon | Original | Apr 1, 2021 |
| D-PA | Matt Cartwright | Original | Apr 1, 2021 |
| D-CA | Salud O. Carbajal | Original | Apr 1, 2021 |
| D-CA | Scott H. Peters | Original | Apr 1, 2021 |
| D-MA | Seth Moulton | Original | Apr 1, 2021 |
| D-NJ | Tom Malinowski | Original | Apr 1, 2021 |
| D-CA | Tony Cárdenas | Original | Apr 1, 2021 |
| D-MI | Andy Levin | Apr 8, 2021 | |
| D-MD | David J. Trone | Apr 8, 2021 | |
| D-CA | Grace F. Napolitano | Apr 8, 2021 | |
| D-CA | Linda T. Sánchez | Apr 8, 2021 | |
| D-TN | Steve Cohen | Apr 8, 2021 | |
| D-PA | Susan Wild | Apr 8, 2021 | |
| D-NY | Thomas R. Suozzi | Apr 8, 2021 | |
| D-DC | Eleanor Holmes Norton | Apr 16, 2021 | |
| D-OH | Joyce Beatty | Apr 16, 2021 | |
| D-CA | Mike Levin | Apr 16, 2021 | |
| D-IL | Robin L. Kelly | Apr 16, 2021 | |
| D-CA | Sara Jacobs | Apr 16, 2021 | |
| D-NH | Ann M. Kuster | May 11, 2021 | |
| D-NJ | Bonnie Watson Coleman | May 11, 2021 | |
| D-NC | Deborah K. Ross | May 11, 2021 | |
| D-CO | Ed Perlmutter | May 11, 2021 | |
| D-MO | Emanuel Cleaver | May 11, 2021 | |
| D-TN | Jim Cooper | May 11, 2021 | |
| D-CO | Joe Neguse | May 11, 2021 | |
| D-CA | Juan Vargas | May 11, 2021 | |
| D-PA | Madeleine Dean | May 11, 2021 | |
| D-IN | André Carson | May 12, 2021 | |
| D-NY | Sean Patrick Maloney | May 12, 2021 | |
| D-CA | Alan S. Lowenthal | May 13, 2021 | |
| D-MD | C. A. Dutch Ruppersberger | May 13, 2021 | |
| D-MA | Jake Auchincloss | May 13, 2021 | |
| D-TX | Veronica Escobar | May 13, 2021 | |
| D-KY | John A. Yarmuth | May 20, 2021 | |
| D-WI | Mark Pocan | May 20, 2021 | |
| D-CT | James A. Himes | May 28, 2021 | |
| D-MI | Daniel T. Kildee | Jun 11, 2021 | |
| D-RI | David N. Cicilline | Jun 11, 2021 | |
| D-CA | Eric Swalwell | Jun 11, 2021 | |
| D-FL | Frederica S. Wilson | Jun 11, 2021 | |
| D-CA | Jackie Speier | Jun 11, 2021 | |
| D-IL | Jesús G. "Chuy" García | Jun 11, 2021 | |
| D-NY | Kathleen M. Rice | Jun 11, 2021 | |
| D-CA | Katie Porter | Jun 11, 2021 | |
| D-CA | Pete Aguilar | Jun 11, 2021 | |
| D-CA | Ted Lieu | Jun 11, 2021 | |
| D-FL | Al Lawson, Jr. | Jun 17, 2021 | |
| D-CA | Jared Huffman | Jun 17, 2021 | |
| D-IL | Marie Newman | Jun 23, 2021 | |
| D-CA | Mark DeSaulnier | Jun 28, 2021 | |
| D-CA | Adam B. Schiff | Jun 29, 2021 | |
| D-NY | Jerrold Nadler | Jun 29, 2021 | |
| D-TX | Lloyd Doggett | Jun 29, 2021 | |
| D-NY | Gregory W. Meeks | Jul 2, 2021 | |
| D-CA | Raul Ruiz | Jul 16, 2021 | |
| D-CO | Diana DeGette | Jul 27, 2021 | |
| D-HI | Kaiali'i Kahele | Jul 27, 2021 | |
| D-NJ | Donald M. Payne, Jr. | Aug 23, 2021 | |
| D-MI | Brenda L. Lawrence | Sep 10, 2021 | |
| D-RI | James R. Langevin | Sep 10, 2021 | |
| D-WA | Pramila Jayapal | Sep 14, 2021 | |
| D-CA | Karen Bass | Sep 23, 2021 | |
| D-NC | Alma S. Adams | Oct 8, 2021 | |
| D-AZ | Ruben Gallego | Oct 20, 2021 | |
| D-CT | Jahana Hayes | Nov 4, 2021 | |
| D-VA | Donald S. Beyer, Jr. | Nov 16, 2021 | |
| D-GA | Lucy McBath | Nov 30, 2021 | |
| D-WA | Adam Smith | Dec 3, 2021 | |
| D-NC | Kathy E. Manning | Dec 7, 2021 | |
| D-PA | Chrissy Houlahan | Jan 11, 2022 | |
| D-NV | Dina Titus | Jan 20, 2022 | |
| D-MA | James P. McGovern | Feb 9, 2022 | |
| D-MI | Haley M. Stevens | Mar 18, 2022 |
Committees 3
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Apr 1, 2021 |
| House | Energy and Commerce Committee | Referred Apr 1, 2021 |
| Energy Subcommittee | Referred Apr 2, 2021 | |
| House | Foreign Affairs Committee | Referred Apr 1, 2021 |
Actions 3
Everything that happened, newest first.
- Apr 2, 2021Referred to the Subcommittee on Energy.
- Apr 1, 2021Introduced in House
- Apr 1, 2021Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 167, no. 59, April 1, 2021, page H1707.
CRS reports 2
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 2
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R45472 | Market-Based Greenhouse Gas Emission Reduction Legislation: 108th Through 118th Congresses | Report | Dec 4, 2024 |
| R46956 | Agriculture and Forestry Offsets in Carbon Markets: Background and Selected Issues | Report | Nov 3, 2021 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To create a Carbon Dividend Trust Fund for the American people in order to encourage market-driven innovation of clean energy technologies and market efficiencies which will reduce harmful pollution and leave a healthier, more stable, and more prosperous Nation for future generations.
- Short Title(s) as Introduced
- Energy Innovation and Carbon Dividend Act of 2021
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Air quality
- Alternative and renewable resources
- Appropriations
- Aviation and airports
- Climate change and greenhouse gases
- Coal
- Customs enforcement
- Diplomacy, foreign officials, Americans abroad
- Environmental regulatory procedures
- Free trade and trade barriers
- Government studies and investigations
- Government trust funds
- Interest, dividends, interest rates
- International law and treaties
- Motor fuels
- Motor vehicles
- Oil and gas
- Tariffs
- Taxation
- Trade agreements and negotiations
- User charges and fees
Text 1
Each version as it was printed, newest first.
- Apr 1, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
