# Summary
The Healthy Climate and Family Security Act of 2024 establishes a cap-and-trade system for carbon emissions from fossil fuels starting in 2025. Producers and importers of crude oil, coal, and natural gas would be required to purchase carbon permits at quarterly government auctions, with the number of available permits declining each year to achieve a 50 percent emissions reduction by 2030 and 90 percent by 2050. The minimum permit price begins at $40 per ton of carbon dioxide and increases by $10 annually, adjusted for inflation. All revenue from permit sales and penalties for noncompliance flows into a Healthy Climate Trust Fund that distributes quarterly dividend payments equally to all eligible U.S. residents with valid social security numbers, with payments excluded from taxable income. The bill also requires the EPA to regulate other greenhouse gases beyond carbon dioxide, imposes fees on carbon-intensive imports while providing rebates to exporters, and includes provisions to ensure emissions reductions in communities disproportionately affected by air pollution. Administrative costs are covered by general Treasury funds, with remaining proceeds distributed as dividends.