Healthy Climate and Family Security Act of 2018

Summary

Healthy Climate and Family Security Act of 2018 This bill amends the Internal Revenue Code to require the Department of the Treasury to establish a carbon trading program that caps the emissions of carbon dioxide (CO2) from crude oil, coal, and natural gas. Beginning in 2019, crude oil refineries, petroleum importers, coal mines, coal importers, and natural gas suppliers or processors must purchase carbon permits equivalent to the amount of CO2 that would be emitted by covered fuels. Treasury will auction these permits to those entities. This bill establishes a declining cap on the quantity of permits issued to reduce CO2 emissions until 2050 when the permits issued represent an amount 80% below 2005 CO2 emission levels. Treasury must issue permits for carbon capture and sequestration of CO2 from covered fuels. This bill provides for the trading or sale of permits between entities, the banking by entities of permits for future years, and the borrowing by Treasury of permits from future years to stabilize permit prices. Auction proceeds and penalties are returned to U.S. citizens lawfully present in the United States using the Healthy Climate Trust Fund established by this bill. Treasury must impose fees on the import and pay fees for the export of carbon-intensive goods when the export country does not have equivalent measures to regulate greenhouse gases. Carbon-intensive goods are goods with an increased cost due to the regulation of greenhouse gases. The Environmental Protection Agency must regulate within 10 years all sources of greenhouse gases that are anthropogenically emitted. This excludes gases attributable to the production of animals for food.

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Timeline

1. 29 January 2018

   Introduced

   Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, 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.

   Source: IntroReferral

2. 29 January 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 January 2018

   Introduced

   Introduced in House

   Source: IntroReferral

4. 2 February 2018

   Referred

   Referred to the Subcommittee on Environment.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 January 2018 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 January 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 January 2018

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 29 January 2018

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Beyer, Donald S. [D-VA-8] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Lowenthal, Alan S. [D-CA-47] · D · Sponsor
• Rep. Connolly, Gerald E. [D-VA-11] · D · Sponsor
• Rep. Raskin, Jamie [D-MD-8] · D · Sponsor
• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Rep. DeLauro, Rosa L. [D-CT-3] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. Huffman, Jared [D-CA-2] · D · Sponsor
• Rep. Hastings, Alcee L. [D-FL-20] · D · Sponsor
• Rep. DeSaulnier, Mark [D-CA-10] · D · Sponsor
• Rep. Lofgren, Zoe [D-CA-18] · D · Sponsor
• Rep. Cartwright, Matt [D-PA-17] · D · Sponsor
• Rep. Khanna, Ro [D-CA-17] · D · Sponsor
• Rep. McNerney, Jerry [D-CA-9] · D · Sponsor
• Rep. Lieu, Ted [D-CA-36] · D · Sponsor
• Rep. Blumenauer, Earl [D-OR-3] · D · Sponsor
• Rep. Cohen, Steve [D-TN-9] · D · Sponsor
• Sen. Welch, Peter [D-VT] · D · Sponsor
• Rep. Napolitano, Grace F. [D-CA-32] · D · Sponsor
• Rep. Capuano, Michael E. [D-MA-8] · D · Sponsor
• Rep. McEachin, A. Donald [D-VA-4] · D · Sponsor
• Rep. Scott, Robert C. "Bobby" [D-VA-3] · D · Sponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Cosponsor
• Rep. Nolan, Richard M. [D-MN-8] · D · Cosponsor
• Rep. Espaillat, Adriano [D-NY-13] · D · Cosponsor
• Rep. Brown, Anthony G. [D-MD-4] · D · Cosponsor
• Rep. Watson Coleman, Bonnie [D-NJ-12] · D · Cosponsor
• Rep. Carson, André [D-IN-7] · D · Cosponsor
• Rep. Chu, Judy [D-CA-28] · D · Cosponsor
• Rep. Pocan, Mark [D-WI-2] · D · Cosponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Cosponsor
• Rep. Lynch, Stephen F. [D-MA-8] · D · Cosponsor
• Rep. Bonamici, Suzanne [D-OR-1] · D · Cosponsor
• Rep. Soto, Darren [D-FL-9] · D · Cosponsor
• · hsif00 · Standing
• · hswm00 · Standing

Related records

• related to → Healthy Climate and Family Security Act of 2019
• related to → Healthy Climate and Family Security Act of 2018