US Congress Senate Bill 2940 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on November 19 2014 - 25% progression, died in committee
Action: 2014-11-19 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

American Opportunity Carbon Fee Act - Amends the Internal Revenue Code to impose a fee on: (1) fossil fuel products, including coal, petroleum products, and natural gas, for carbon dioxide emissions; and (2) emissions of any greenhouse gas other than carbon dioxide from any greenhouse gas emission source. Directs the Secretary of the Treasury to establish, implement, and report on a program to collect data on methane emissions by major non-natural sources, including emissions attributable to the extraction and distribution of coal, petroleum products, and natural gas. Establishes the American Opportunity Trust Fund to provide economic assistance to low-income families and businesses using tax revenues generated by this Act.

American Opportunity Carbon Fee Act

Sen. Sheldon Whitehouse [D-RI]

Sen. Brian Schatz [D-HI]

Date	Chamber	Action
2014-11-19	Senate	Read twice and referred to the Committee on Finance.
2014-11-19	Senate	Sponsor introductory remarks on measure. (CR S6149-6153)

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2940/all-info
Text	https://www.congress.gov/113/bills/s2940/BILLS-113s2940is.pdf