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United States · Bill · HR

H.R. 3416 (110th)

America's Energy Security Trust Fund Act of 2007

referredUnited States· United States Congress· EN

Introduced

3 August 2007

Last action

3 August 2007 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Larson, John B. [D-CT-1], Rep. Miller, George [D-CA-11], Rep. Stark, Fortney Pete [D-CA-13], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Moran, James P. [D-VA-8], Rep. Lofgren, Zoe [D-CA-18], Rep. Towns, Edolphus [D-NY-10], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Lowey, Nita M. [D-NY-17], Rep. Blumenauer, Earl [D-OR-3], Rep. Farr, Sam [D-CA-20], Rep. McGovern, James P. [D-MA-2], Rep. McDermott, Jim [D-WA-7]

Subjects

Energy, Taxation

Source updated

14 August 2025

Energy · Taxation

Summary

America's Energy Security Trust Fund Act of 2007 - Amends the Internal Revenue Code to impose an excise tax on any taxable carbon substance sold by a manufacturer, producer, or importer. Defines "taxable carbon substance" as: (1) coal (including lignite and peat); (2) petroleum and any petroleum products; and (3) natural gas that is extracted, manufactured, or produced in the United States, or entered into the United States for consumption, use, or warehousing. Establishes in the Treasury the America's Energy Security Trust Fund to finance research in clean energy technology, assist industries negatively affected by this Act, and provide carbon tax rebates to individual taxpayers. Allows individual taxpayers a tax credit equal to carbon tax rebate amounts calculated by the Secretary of the Treasury. Directs the Secretary of the Treasury to study and report to Congress on the best methods to assess and collect taxes on non-carbon greenhouse gases. Expresses the sense of Congress that the major greenhouse gas emitting countries should join with the United States in reducing greenhouse gas emissions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 3 August 2007

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 3 August 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 August 2007

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 3 August 2007

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 3 August 2007

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 3 August 2007

    Open at official source

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Sponsors

Related records

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Sources

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