US Congress House Bill 4058 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on July 25 2019 - 25% progression, died in committee
Action: 2019-07-26 - Referred to the Subcommittee on Consumer Protection and Commerce.
Pending: House Consumer Protection and Commerce Committee
Text: Latest bill text (Introduced) [PDF]

Imposes a tax on combusted fossil fuel greenhouse gas emissions. The tax is equal to $30 per metric ton of carbon dioxide equivalent emissions beginning in 2021. The tax increases by 5% plus inflation each year and increases by $3 per ton every two years if the previous year's emission goals are not met. The revenue from such tax is divided (1) 70% for the reduction of payroll taxes; (2) 10% for additional payments to Social Security beneficiaries, and (3) 20% to establish a carbon trust fund for block grants to offset higher energy costs for low-income households, climate adaptation, energy efficiency, carbon sequestration, and research and development programs. The bill also amends the Clean Air Act to impose a 12-year moratorium on regulations that limit greenhouse gas emissions. This moratorium may be lifted if certain emission targets are not met.

SWAP Act Stemming Warming and Augmenting Pay Act of 2019

Rep. Francis Rooney [R-FL]

Rep. Daniel Lipinski [D-IL]

Date	Chamber	Action
2019-07-26	House	Referred to the Subcommittee on Consumer Protection and Commerce.
2019-07-25	House	Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Science, Space, and Technology, 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.
2019-07-25	House	Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Science, Space, and Technology, 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.
2019-07-25	House	Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Science, Space, and Technology, 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.
2019-07-25	House	Introduced in House

HB4520 (Related) 2019-10-18 - Referred to the Subcommittee on Energy and Mineral Resources.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/4058/all-info
Text	https://www.congress.gov/116/bills/hr4058/BILLS-116hr4058ih.pdf