Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Energy and Commerce, 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.
The Polluters Pay Climate Fund Act imposes a one-time tax of up to $1 trillion on fossil fuel companies to address climate change damages, which cost the U.S. economy more than $150 billion annually. Companies responsible for over 1 billion metric tons of carbon dioxide emissions between 2000 and 2023 must pay by September 30, 2026, with the option to spread payments over nine years. The tax applies to both U.S. and foreign companies doing business in America, with payments distributed proportionally based on each company's documented emissions history. Revenue from this tax will support a new federal fund to help vulnerable communities, low-income neighborhoods, and tribal lands adapt to climate impacts. The bill also preserves state and local governments' authority to establish their own climate policies and recovery efforts alongside federal action.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.