118th Congress Taxation
H.R. 5744: Energy Innovation and Carbon Dividend Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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 (i.e., carbon dioxide equivalent) in 2023, increases by $10 each year, and is subject to further adjustments based on the progress in meeting specified emissions reduction targets.
The bill also includes
Read the full summary
- 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.
The bill also requires the Department of Energy to enter into agreements with the National Academy of Sciences to study and report on various impacts related to the carbon fee and emissions reduction schedule established by the bill.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Scott Peters D-CAOriginal
- Steve Cohen D-TN
- Gerald Connolly D-VA
- Judy Chu D-CA
- Angie Craig D-MN
- Mark DeSaulnier D-CA
- Jared Huffman D-CA
- Joseph Morelle D-NY
- Deborah Ross D-NC
- Brad Sherman D-CA
- Haley Stevens D-MI
- Bonnie Watson Coleman D-NJ
- Ted Lieu D-CA
- Mark Pocan D-WI
- Dean Phillips D-MN
- James Himes D-CT
- Henry Johnson D-GA
- Chellie Pingree D-ME
- Eleanor Norton D-DC
- Anna Eshoo D-CA
- Mary Scanlon D-PA
- Jahana Hayes D-CT
- Alma Adams D-NC
- Donald Beyer D-VA
- John Garamendi D-CA
- Lucy McBath D-GA
- Raul Ruiz D-CA
- Linda Sánchez D-CA
- Eric Swalwell D-CA
- Emanuel Cleaver D-MO
- André Carson D-IN
- Joe Neguse D-CO
Who scored on this bill
- 1Salud Carbajal SponsorIntroduced, reached a cosponsor milestone2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Salud Carbajal
- H.R. 2175: Brigadier General Frederick R. Lopez Post Office Building (Santa Barbara, CA)
- H.R. 3331: Mariner Exam Modernization Act
- H.R. 2035: American Cargo for American Ships Act
- H.R. 2492: Fire Safe Electrical Corridors Act of 2025
- H.R. 7158: Larry Lavagnino Post Office Building (Santa Maria, CA)
- H.R. 6012: Fire Safe Electrical Corridors Act of 2023
History
- Introduced in the House by Salud Carbajal.
Show the full action history (5 actions)
- Referred to the Subcommittee on Social Security.
- Referred to the Subcommittee on Trade.
- Referred to the Subcommittee on Energy, Climate and Grid Security.
- Introduced in House
- Referred 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.