S2085_S685.csv

S2085 Outline	S2085 Text	Common	S685 Outline	S685 Text
SEC. 1.	SHORT TITLE; TABLE OF CONTENTS.			
SEC. 1.(a)	SHORT TITLE.—This Act may be cited as the ‘‘Save Our Future Act’’.			
SEC. 1.(b)	TABLE OF CONTENTS.—The table of contents of this Act is as follows:			
TITLE I	—FEES ON AIR POLLUTION			
TITLE I SEC. 101.	CARBON DIOXIDE AND OTHER GREENHOUSE GAS EMISSION FEES.			
TITLE I SEC. 101.(a)	IN GENERAL.—Chapter 38 of the Internal Revenue Code of 1986 is amended by adding at the end thereof the following new subchapter: ‘‘Subchapter E—Carbon Dioxide and Other Greenhouse Gas Emission Fees	internal, revenue, code, amended, adding, new, carbon	SEC. 3.(a)	IN GENERAL.—Chapter 38 of subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new subchapter: ‘‘Subchapter E—Carbon Fee
TITLE I SEC. 101.(a)		internal, revenue, code, amended, adding	SEC. 4.(a)	IN GENERAL.—Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following:
TITLE I SEC. 101.(a)		internal, revenue, code, amended, adding, new	SEC. 4.(b)	CLERICAL AMENDMENT.—The table of sections for subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:
TITLE I SEC. 101.(a)		internal, revenue, code, amended, adding, new	SEC. 5.(g)	DISCLOSURE OF RETURN INFORMATION.—Section 6103(l) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
TITLE I SEC. 101.(a)		internal, revenue, code, greenhouse, gas, fees	SEC. 8.(b)(2)(B)	the status of greenhouse gas emissions reductions that result from the fees established under sections 4692 and 4693 of the Internal Revenue Code of 1986;
[TITLE I SEC. 101.(a)] SEC. 4691.	FEE FOR CARBON DIOXIDE EMISSIONS.			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)	IN GENERAL.—			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)	FOSSIL FUEL PRODUCTS PRODUCING CARBON EMISSIONS.—There is hereby imposed a fee in an amount equal to the applicable amount at the rate specified in paragraph (2) on—	fuel, emissions, amount, equal, applicable	[SEC. 3.(a)] SEC. 4692.(a)(2)	CUMULATIVE EMISSIONS.—The term ‘cumulative emissions’ means an amount equal to the sum of any greenhouse gas emissions resulting from the use of covered fuels and any noncovered fuel emissions for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)		carbon, imposed, fee, amount, equal	[SEC. 3.(a)] SEC. 4692.(c)	AMOUNT OF THE CARBON FEE.—The carbon fee imposed by this section is an amount equal to—
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)		fuel, carbon, emissions, imposed, fee		rules to ensure that the carbon fee under this section, the fee on noncovered fuel emissions under section 4693, or the carbon border fee adjustment is not imposed on an emission from covered fuel or noncovered fuel emission more than once.
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)		carbon, fee, amount, equal, rate	[SEC. 3.(a)(1)] SEC. 4693.(b)(2)	an amount equal to the carbon fee rate in effect under section 4692(d) for the calendar year of such emission.
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)		fuel, carbon, imposed, fee, rate	[SEC. 3.(a)(1)] SEC. 4694.(b)(2)(B)(i)	the carbon fee rate during the year in which the carbon fee was imposed by section 4692 on the covered fuel to which such carbon oxide relates, or
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)		products, carbon, imposed, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)		carbon, imposed, fee, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)		fuel, imposed, fee, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)(A)	coal—			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)(A)(i)	removed from any mine in the United States, or			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)(A)(ii)	entered into the United States for consumption, use, or warehousing,			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)(B)	petroleum products—			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)(B)(i)	removed from any refinery,			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)(B)(ii)	removed from any terminal, or			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)(B)(iii)	entered into the United States for consumption, use, or warehousing, and			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)(C)	natural gas—			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)(C)(i)	delivered to an end user by any person required to submit form 176 of the Energy Information Administration (or a successor form), or			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(1)(C)(ii)	sold in the United States by any processor not described in clause (i).			
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)	RATE.—The rate specified in this paragraph with respect to any product described in paragraph (1) is an amount equal to the applicable amount per ton of carbon dioxide that would be emitted through the combustion of such product, as determined by the Secretary, in consultation with the Secretary of Energy and the Administrator of the Environmental Protection Agency (referred to in this section as the ‘Administrator’).	product, secretary, consultation, energy, administrator		any manufactured product which the Secretary, in consultation with the Administrator, the Secretary of Commerce, and the Secretary of Energy, determines is energy-intensive and trade-exposed (with the exception of any covered fuel). (4) COVERED ENTITY.—The term ‘covered entity’ means—
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		amount, carbon, dioxide, emitted, determined		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		product, carbon, dioxide, emitted, energy		NONCOVERED FUEL EMISSION.—The term ‘noncovered fuel emission’ means any carbon dioxide or methane emitted as a result of the production, processing, transport, or use of any product or material within the energy or industrial sectors— (A) including any fugitive or process emissions associated with the production, processing, or transport of a covered fuel, and
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		respect, described, secretary, consultation, administrator	[SEC. 3.(a)(1)] (i)(3)(B)	DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year.
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		carbon, secretary, consultation, energy, administrator	[SEC. 3.(a)(1)] SEC. 4694.(a)(1)	CAPTURE, SEQUESTRATION, AND USE.— The Secretary, in consultation with the Administrator and the Secretary of Energy, shall prescribe regulations for providing payments to any person which captures qualified carbon oxide which is—
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		carbon, secretary, consultation, energy, administrator	[SEC. 3.(a)(1)] SEC. 4694.(c)	APPROVED USES OF QUALIFIED CARBON OXIDE.—The Secretary, in consultation with Administrator and the Secretary of Energy, shall, through regulation or other public guidance, determine which uses of qualified carbon oxide are eligible for payments under this section, which may include—
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		product, amount, equal, carbon, determined, secretary	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		product, amount, equal, carbon, determined, secretary	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		described, secretary, consultation, administrator, environmental, protection, agency	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		determined, secretary, consultation, administrator, agency	SEC. 7.(c)(2)	as determined by the Secretary, in consultation with the Administrator of the Federal Emergency Management Agency, has been or is at risk of being impacted by extreme weather events, sea level rise, and natural disasters related to climate change; or
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		carbon, determined, secretary, consultation, administrator, environmental, protection, agency	SEC. 7.(c)(3)	as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry.
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		secretary, administrator, environmental, protection, agency	SEC. 7.(d)(4)	other activities as the Secretary, in coordination with the Secretary of Labor, the Administrator of the Federal Emergency Management Agency, and the Administrator of the Environmental Protection Agency, determines to be appropriate.
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		administrator, environmental, protection, agency, referred	SEC. 8.(a)	IN GENERAL.—Not later than January 1, 2025, the Administrator of the Environmental Protection Agency (referred to in this section as the ‘‘Administrator’’) shall seek to enter into an agreement with the National Academy of Sciences under which the National Academy of Sciences shall carry out a study not less frequently than once every 5 years to evaluate the effectiveness of the fees established under sections 4692 and 4693 of the Internal Revenue Code of 1986 in achieving the following goals:
[TITLE I SEC. 101.(a)] SEC. 4691.(a)(2)		consultation, administrator, environmental, protection, agency	SEC. 9.(a)	IN GENERAL.—The Chair of the Council on Environmental Quality, in consultation with the Secretaries of Agriculture, Commerce, and the Interior, the Chief of Engineers, and the Administrator of the Environmental Protection Agency, shall—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)	APPLICABLE AMOUNT.—			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(1)	IN GENERAL.—For purposes of this part, the applicable amount is—			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(1)(A)	for calendar year 2023, $54, and			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(1)(B)	subject to paragraph (3), for calendar year 2024 and any subsequent calendar year, the sum of—			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(1)(B)(i)	the product of the amount in effect under this paragraph for the preceding calendar year and 106 percent, and			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(1)(B)(ii)	the inflation adjustment amount determined under paragraph (2).			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(2)	INFLATION ADJUSTMENT AMOUNT.—			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(2)(A)	IN GENERAL.—The inflation adjustment amount for any calendar year shall be an amount (not less than zero) equal to the product of—			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(2)(A)(i)	the amount in effect under paragraph (1) for the preceding calendar year, and			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(2)(A)(ii)	the percentage by which the CPI for the preceding calendar year exceeds the CPI for the second preceding calendar year.			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(2)(B)	CPI.—Rules similar to the rules of paragraphs (4) and (5) of section 1(f) shall apply for purposes of this paragraph.			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)	ENVIRONMENTAL INTEGRITY MECHANISM.—			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(A)	IN GENERAL.—With respect to calendar year 2024 and any subsequent calendar year, the Secretary shall, not later than September 30 of each such year, make a determination based upon the report described in paragraph (5) with regard to whether the cumulative emissions for the applicable period exceeded the cumulative emissions target for such period.	respect, calendar, secretary, determination, applicable, period	[SEC. 3.(a)] SEC. 4692.(a)(1)	APPLICABLE PERIOD.—The term ‘applicable period’ means, with respect to any determination made by the Secretary under subsection (e)(3) for any calendar year, the period—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(A)		cumulative, emissions, applicable, period, target	[SEC. 3.(a)] SEC. 4692.(a)(3)	CUMULATIVE EMISSIONS TARGET.—The term ‘cumulative emissions target’ means an amount equal to the sum of the emissions targets for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(A)		calendar, secretary, determination, cumulative, emissions, exceeded, target	[SEC. 3.(a)] SEC. 4692.(d)(3)(A)	INCREASE IN RATE FOLLOWING MISSED CUMULATIVE EMISSIONS TARGET.—In the case of any calendar year following a determination by the Secretary pursuant to subsection (e)(3) that the cumulative emissions for the preceding calendar year exceeded the cumulative emissions target for such year, paragraph
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(A)		secretary, determination, cumulative, emissions, target		CESSATION OF RATE INCREASE FOLLOWING ACHIEVEMENT OF CUMULATIVE EMISSIONS TARGET.—In the case of any year following a determination by the Secretary pursuant to subsection (e)(3) that— (i) the average annual emissions of greenhouse gases from covered entities over the preceding 3-year period are not more than 10 percent of the greenhouse gas emissions during the year 2018, and
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(A)		respect, calendar, secretary, september, report, described, cumulative, emissions, exceeded, target	[SEC. 3.(a)(1)] (i)(3)(B)	DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(A)		respect, calendar, subsequent, determination, emissions	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(B)	EXCEEDING CUMULATIVE EMISSIONS TARGET.—If the Secretary determines, pursuant to subparagraph (A), that the cumulative emissions for the applicable period exceeded the cumulative emissions target for such period, the applicable amount for the calendar year beginning after such determination shall be equal to the product of the amount otherwise in effect (without application of this paragraph) under paragraph (1)(B) for such calendar year and 105 percent.	secretary, applicable, period, calendar, determination	[SEC. 3.(a)] SEC. 4692.(a)(1)	APPLICABLE PERIOD.—The term ‘applicable period’ means, with respect to any determination made by the Secretary under subsection (e)(3) for any calendar year, the period—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(B)		cumulative, emissions, applicable, period, amount, equal	[SEC. 3.(a)] SEC. 4692.(a)(2)	CUMULATIVE EMISSIONS.—The term ‘cumulative emissions’ means an amount equal to the sum of any greenhouse gas emissions resulting from the use of covered fuels and any noncovered fuel emissions for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(B)		cumulative, emissions, target, applicable, period, amount, equal	[SEC. 3.(a)] SEC. 4692.(a)(3)	CUMULATIVE EMISSIONS TARGET.—The term ‘cumulative emissions target’ means an amount equal to the sum of the emissions targets for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(B)		cumulative, emissions, target, secretary, pursuant, exceeded, calendar, determination	[SEC. 3.(a)] SEC. 4692.(d)(3)(A)	INCREASE IN RATE FOLLOWING MISSED CUMULATIVE EMISSIONS TARGET.—In the case of any calendar year following a determination by the Secretary pursuant to subsection (e)(3) that the cumulative emissions for the preceding calendar year exceeded the cumulative emissions target for such year, paragraph
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(B)		cumulative, emissions, target, secretary, pursuant, determination		CESSATION OF RATE INCREASE FOLLOWING ACHIEVEMENT OF CUMULATIVE EMISSIONS TARGET.—In the case of any year following a determination by the Secretary pursuant to subsection (e)(3) that— (i) the average annual emissions of greenhouse gases from covered entities over the preceding 3-year period are not more than 10 percent of the greenhouse gas emissions during the year 2018, and
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(B)		cumulative, emissions, target, secretary, subparagraph, exceeded, calendar	[SEC. 3.(a)(1)] (i)(3)(B)	DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(B)		emissions, amount, calendar, beginning, determination	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)	DEFINITIONS.—In this paragraph:			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(i)	APPLICABLE PERIOD.—The term ‘applicable period’ means, with respect to any determination made by the Secretary under this paragraph for any calendar year, the period—	applicable, period, term, respect, determination, secretary, calendar	[SEC. 3.(a)] SEC. 4692.(a)(1)	APPLICABLE PERIOD.—The term ‘applicable period’ means, with respect to any determination made by the Secretary under subsection (e)(3) for any calendar year, the period—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(i)(I)	beginning on January 1, 2023, and			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(i)(II)	ending on December 31 of the preceding calendar year.			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(ii)	CUMULATIVE EMISSIONS.—The term ‘cumulative emissions’ means an amount equal to the sum of the net total anthropogenic greenhouse gas emissions and sinks for all years during the applicable period, as determined by the Administrator pursuant to paragraph (5).	emissions, term, greenhouse, gas, period		CARBON DIOXIDE EQUIVALENT OR CO2E.—The term ‘carbon dioxide equivalent’ or ‘CO2-e’ means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas. (3) CARBON-INTENSIVE PRODUCT.—The term ‘carbon-intensive product’ means—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(ii)		cumulative, emissions, term, amount, equal, sum, greenhouse, gas, years, applicable, period	[SEC. 3.(a)] SEC. 4692.(a)(2)	CUMULATIVE EMISSIONS.—The term ‘cumulative emissions’ means an amount equal to the sum of any greenhouse gas emissions resulting from the use of covered fuels and any noncovered fuel emissions for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(ii)		cumulative, emissions, term, amount, equal, sum, years, applicable, period	[SEC. 3.(a)] SEC. 4692.(a)(3)	CUMULATIVE EMISSIONS TARGET.—The term ‘cumulative emissions target’ means an amount equal to the sum of the emissions targets for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(ii)		emissions, term, greenhouse, gas, determined	[SEC. 3.(a)] SEC. 4692.(a)(4)	EMISSIONS TARGET.—The term ‘emissions target’ means the target for greenhouse gas emissions during a calendar year as determined under subsection (e)(1).
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(ii)		cumulative, emissions, greenhouse, gas, determined		METHODOLOGY.—With respect to any year, the annual greenhouse gas emissions and cumulative emissions described in subparagraph (A) or (B) shall be determined using the methodology required under subsection (e)(4). (e) EMISSIONS TARGETS.—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(ii)		emissions, amount, equal, greenhouse, gas	[SEC. 3.(a)(1)] (i)(1)(A)	REFERENCE YEAR.—For purposes of subsection (d), the emissions target for any year shall be the amount of greenhouse gas emissions that is equal to—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(ii)		emissions, amount, total, greenhouse, gas, years, applicable	[SEC. 3.(a)(1)] (i)(1)(A)(i)	for calendar years 2023 and 2024, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel during calendar year 2018, and
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(ii)		emissions, amount, total, greenhouse, gas, applicable	[SEC. 3.(a)(1)] (i)(1)(A)(ii)	for calendar year 2025 and each calendar year thereafter, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(ii)		emissions, amount, total, greenhouse, gas, determined, administrator	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(ii)		emissions, amount, greenhouse, gas, years, administrator	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(iii)	CUMULATIVE EMISSIONS TARGET.—The term ‘cumulative emissions target’ means an amount equal to the sum of the annual emissions targets for all years during the applicable period.	cumulative, emissions, term, amount, equal, sum, years, applicable, period	[SEC. 3.(a)] SEC. 4692.(a)(2)	CUMULATIVE EMISSIONS.—The term ‘cumulative emissions’ means an amount equal to the sum of any greenhouse gas emissions resulting from the use of covered fuels and any noncovered fuel emissions for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(iii)		cumulative, emissions, target, term, amount, equal, sum, targets, years, applicable, period	[SEC. 3.(a)] SEC. 4692.(a)(3)	CUMULATIVE EMISSIONS TARGET.—The term ‘cumulative emissions target’ means an amount equal to the sum of the emissions targets for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(iv)	ANNUAL EMISSIONS TARGET.— The term ‘annual emissions target’ means, with respect to any calendar year, an amount equal to the product of—	emissions, target, term, amount, equal	[SEC. 3.(a)] SEC. 4692.(a)(3)	CUMULATIVE EMISSIONS TARGET.—The term ‘cumulative emissions target’ means an amount equal to the sum of the emissions targets for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(iv)(I)	net total anthropogenic greenhouse gas emissions and sinks for 2019, as determined by the Administrator pursuant to paragraph (5) (to the extent the methodology under such paragraph is applicable), and	greenhouse, gas, emissions, determined, methodology		METHODOLOGY.—With respect to any year, the annual greenhouse gas emissions and cumulative emissions described in subparagraph (A) or (B) shall be determined using the methodology required under subsection (e)(4). (e) EMISSIONS TARGETS.—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(iv)(I)		total, greenhouse, gas, emissions, applicable	[SEC. 3.(a)(1)] (i)(1)(A)(i)	for calendar years 2023 and 2024, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel during calendar year 2018, and
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(iv)(I)		total, greenhouse, gas, emissions, applicable	[SEC. 3.(a)(1)] (i)(1)(A)(ii)	for calendar year 2025 and each calendar year thereafter, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(iv)(I)		total, greenhouse, gas, emissions, determined, administrator, extent, methodology	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(3)(C)(iv)(II)	the applicable percentage for such year, as determined under paragraph (4).			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)	APPLICABLE PERCENTAGE.—			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(A)	2023.—In the case of calendar year 2023, the applicable percentage shall be 72 percent.			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(B)	2024 THROUGH 2035.—In the case of calendar years 2024 through 2035, the applicable percentage shall be equal to—	case, calendar, years, applicable, percentage	[SEC. 3.(a)(1)] (i)(2)(A)	2023 THROUGH 2035.—In the case of calendar years 2023 through 2035, the applicable percentage shall be determined as follows:
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(B)		case, calendar, years, applicable, percentage, equal	[SEC. 3.(a)(1)] (i)(2)(B)	2036 THROUGH 2050.—In the case of calendar years 2036 through 2050, the applicable percentage shall be equal to—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(B)		case, calendar, applicable, percentage, equal	[SEC. 3.(a)(1)] (i)(2)(C)	AFTER 2050.—In the case of any calendar year beginning after 2050, the applicable percentage shall be equal to 10 percent.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(B)(i)	the applicable percentage for the preceding year, minus			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(B)(ii)	2 percentage points.			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(C)	2036 THROUGH 2050.—In the case of calendar years 2036 through 2050, the applicable percentage shall be equal to—	case, calendar, years, applicable, percentage	[SEC. 3.(a)(1)] (i)(2)(A)	2023 THROUGH 2035.—In the case of calendar years 2023 through 2035, the applicable percentage shall be determined as follows:
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(C)		case, calendar, years, applicable, percentage, equal	[SEC. 3.(a)(1)] (i)(2)(B)	2036 THROUGH 2050.—In the case of calendar years 2036 through 2050, the applicable percentage shall be equal to—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(C)		case, calendar, applicable, percentage, equal	[SEC. 3.(a)(1)] (i)(2)(C)	AFTER 2050.—In the case of any calendar year beginning after 2050, the applicable percentage shall be equal to 10 percent.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(C)(i)	the applicable percentage for the preceding year, minus			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(C)(ii)	3.2 percentage points.			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(D)	AFTER 2050.—In the case of any calendar year beginning after 2050, the applicable percentage shall be equal to zero.	case, calendar, applicable, percentage, equal	[SEC. 3.(a)(1)] (i)(2)(B)	2036 THROUGH 2050.—In the case of calendar years 2036 through 2050, the applicable percentage shall be equal to—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(4)(D)		case, calendar, beginning, applicable, percentage, equal	[SEC. 3.(a)(1)] (i)(2)(C)	AFTER 2050.—In the case of any calendar year beginning after 2050, the applicable percentage shall be equal to 10 percent.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)	EMISSIONS REPORTING.—			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(A)	IN GENERAL.—Not later than September 30, 2024, and annually thereafter, the Administrator, in consultation with the Secretary, shall make available to the public a report on the cumulative emissions during the applicable period.	september, annually, thereafter, administrator, consultation, secretary, available, public, report	[SEC. 3.(a)(1)] (i)(3)(A)	REPORTING.—Not later than September 30, 2024, and annually thereafter, the Administrator, in consultation with the Secretary, shall make available to the public a report on—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(A)		september, annually, thereafter, administrator, consultation, secretary, report, cumulative, emissions	[SEC. 3.(a)(1)] (i)(3)(B)	DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)	METHODOLOGY.—Not later than January 1, 2023, the Administrator shall prescribe rules for quantifying cumulative emissions under subparagraph (A), which shall—			
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(i)	to the greatest extent practicable, employ existing data sources and accepted greenhouse gas accounting practices, while also allowing for use of state-of-the-art techniques to measure or estimate sources and sinks of greenhouse gas emissions which are not subject to fees under this subchapter, as the Administrator deems appropriate to meet the goals of this subparagraph,	greatest, extent, practicable, greenhouse, gas, emissions, administrator, appropriate, subparagraph	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(i)		greatest, extent, practicable, employ, existing, data, greenhouse, gas, accounting, practices	[SEC. 3.(a)(1)] (i)(4)(A)(i)	to the greatest extent practicable, employ existing data collection methodologies and greenhouse gas accounting practices,
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(i)		greenhouse, gas, practices, emissions, administrator	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(i)		greenhouse, gas, emissions, subject, fees	SEC. 8.(b)(1)(A)	total annual greenhouse gas emissions by the United States, including greenhouse gas emissions not subject to the fees described in that subsection;
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(i)		greenhouse, gas, emissions, subject, fees, administrator, goals	SEC. 8.(b)(2)(A)	a projection of greenhouse gas emissions reductions that would result if the regulations of the Administrator were to be adjusted to impose stricter limits on greenhouse gas emissions than the goals described in that subsection, with a particular focus on greenhouse gas emissions not subject to the fees described in that subsection;
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)	subject to such penalties as are determined appropriate by the Administrator, require any entity subject to fees or refunds under this subchapter to report, not later than April 1 of each calendar year, the total quantity of greenhouse gas emissions subject to fees or refunds under this subchapter for which such entity was liable during the preceding calendar year, and	determined, entity, total, emissions, preceding		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		determined, entity, greenhouse, gas, emissions		any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment. (5) COVERED FUEL.—The term ‘covered fuel’ means crude oil, natural gas, coal, or any other product derived from crude oil, natural gas, or coal which shall be used so as to emit greenhouse gases to the atmosphere.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		determined, calendar, greenhouse, gas, emissions	[SEC. 3.(a)] SEC. 4692.(a)(4)	EMISSIONS TARGET.—The term ‘emissions target’ means the target for greenhouse gas emissions during a calendar year as determined under subsection (e)(1).
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		calendar, total, greenhouse, gas, emissions	[SEC. 3.(a)(1)] (i)(1)(A)(i)	for calendar years 2023 and 2024, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel during calendar year 2018, and
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		calendar, total, greenhouse, gas, emissions	[SEC. 3.(a)(1)] (i)(1)(A)(ii)	for calendar year 2025 and each calendar year thereafter, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		determined, appropriate, administrator, calendar, total, greenhouse, gas, emissions	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		administrator, report, calendar, emissions, preceding	[SEC. 3.(a)(1)] (i)(3)(B)	DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		subject, penalties, determined, appropriate, administrator, require, entity, report, april, calendar	[SEC. 3.(a)(1)] (i)(4)(A)(iii)	subject to such penalties as are determined appropriate by the Administrator, require any covered entity to report, not later than April 1 of each calendar year—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		entity, calendar, total, greenhouse, gas, preceding	[SEC. 3.(a)(1)] (i)(4)(A)(iii)(I)	the total greenhouse gas content of any covered fuels used, sold, or transferred by such covered entity during the preceding calendar year, and
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		entity, calendar, total, emissions, preceding	[SEC. 3.(a)(1)] (i)(4)(A)(iii)(II)	the total noncovered fuel emissions of the covered entity during the preceding calendar year, and
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		subject, determined, appropriate, administrator, require, entity	[SEC. 3.(a)(1)] (i)(4)(A)(iv)	require any information reported pursuant to clause (iii) to be verified by a third-party entity that, subject to such process as is determined appropriate by the Administrator, has been certified by the Administrator with respect to the qualifications, independence, and reliability of such entity.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		administrator, calendar, greenhouse, gas, emissions	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		subject, fees, total, greenhouse, gas, emissions	SEC. 8.(b)(1)(A)	total annual greenhouse gas emissions by the United States, including greenhouse gas emissions not subject to the fees described in that subsection;
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(ii)		subject, administrator, fees, greenhouse, gas, emissions	SEC. 8.(b)(2)(A)	a projection of greenhouse gas emissions reductions that would result if the regulations of the Administrator were to be adjusted to impose stricter limits on greenhouse gas emissions than the goals described in that subsection, with a particular focus on greenhouse gas emissions not subject to the fees described in that subsection;
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(iii)	require any information reported pursuant to clause (ii) to be verified by a third-party entity that, subject to such process as is determined appropriate by the Administrator, has been certified by the Administrator with respect to the qualifications, independence, and reliability of such entity.	require, entity, subject, determined, appropriate, administrator	[SEC. 3.(a)(1)] (i)(4)(A)(iii)	subject to such penalties as are determined appropriate by the Administrator, require any covered entity to report, not later than April 1 of each calendar year—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(B)(iii)		require, information, reported, pursuant, clause, verified, entity, subject, process, determined, appropriate, administrator, certified, respect, qualifications, independence, reliability	[SEC. 3.(a)(1)] (i)(4)(A)(iv)	require any information reported pursuant to clause (iii) to be verified by a third-party entity that, subject to such process as is determined appropriate by the Administrator, has been certified by the Administrator with respect to the qualifications, independence, and reliability of such entity.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(C)	GREENHOUSE GAS REPORTING PROGRAM.—For purposes of establishing the rules described in subparagraph (B), the Administrator may elect to modify the activities of the Greenhouse Gas Reporting Program to satisfy the requirements described in clauses (i) through (iii) of such subparagraph.	greenhouse, gas, purposes, subparagraph, administrator	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(C)		greenhouse, gas, purposes, rules, administrator	[SEC. 3.(a)(1)] (i)(4)(A)	IN GENERAL.—Not later than January 1, 2023, the Administrator shall prescribe rules for greenhouse gas accounting for covered entities for purposes of this subchapter, which shall—
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(C)		greenhouse, gas, reporting, program, purposes, establishing, rules, described, subparagraph, administrator, elect, modify, activities, satisfy, requirements, clauses	[SEC. 3.(a)(1)] (i)(4)(B)	GREENHOUSE GAS REPORTING PROGRAM.—For purposes of establishing the rules described in subparagraph (A), the Administrator may elect to modify the activities of the Greenhouse Gas Reporting Program to satisfy the requirements described in clauses (i) through (iv) of such subparagraph.
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(5)(C)		greenhouse, gas, program, described, administrator	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4691.(b)(6)	ROUNDING.—The applicable amount under this subsection shall be rounded up to the next whole dollar amount.			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)	REFUNDS FOR CAPTURING CARBON DIOXIDE AND PRODUCTION OF CERTAIN GOODS.—			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)	CARBON DIOXIDE CAPTURE, UTILIZATION, AND STORAGE.—			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(A)	IN GENERAL.—In the case of a person who—			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(A)(i)	uses any coal, petroleum product, or natural gas for which a fee has been imposed under subsection (a)(1) in a manner which results in the emission of qualified carbon dioxide,			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(A)(ii)	captures the resulting emitted qualified carbon dioxide at a qualified facility which is owned by such person, and			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(A)(iii)(I)	disposes of such qualified carbon dioxide in secure storage in compliance with Treasury Decision 9944 (86 Fed. Reg. 4728), or			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(A)(iii)(II)	utilizes such qualified carbon dioxide in a manner provided in subparagraph (D), there shall be allowed a refund, in the same manner as if it were an overpayment of the fee imposed by such subsection, to such person in the amount determined under subparagraph (B).	carbon, manner, refund, overpayment, fee, imposed	[SEC. 3.(a)(1)] SEC. 4694.(b)(1)	IN GENERAL.—In the case of any facility for which carbon capture equipment has been placed in service, the Secretary shall make payments in the same manner as if such payment was a refund of an overpayment of the fee imposed by section 4692 or 4693.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(A)(iii)(II)		carbon, refund, imposed, amount, determined	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(A)(iii)(II)		carbon, fee, imposed, amount, determined	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(A)(iii)(II)		carbon, subparagraph, fee, imposed, amount	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B)	REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported.
	.			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(B)	AMOUNT OF REFUND.—The amount of the refund under this subparagraph is an amount equal to the product of—			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(B)(i)	the applicable amount under subsection (b) for the calendar year in which such qualified carbon dioxide was captured and disposed or utilized, and	subsection, qualified, carbon, captured, disposed, utilized	[SEC. 3.(a)(1)] SEC. 4694.(b)(2)(A)	the metric tons of qualified carbon oxide captured and disposed of, used, or utilized in a manner consistent with subsection (a), multiplied by
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(B)(i)		qualified, carbon, captured, disposed, utilized	[SEC. 3.(a)(1)] SEC. 4694.(b)(2)(B)(ii)	in the case of a direct air capture facility (as defined in section 45Q(e)(1)), the carbon fee rate during the year in which the qualified carbon oxide was captured and disposed of, used, or utilized.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(B)(ii)	the adjusted tons of qualified carbon dioxide captured and disposed or utilized.	tons, qualified, carbon, captured, disposed, utilized	[SEC. 3.(a)(1)] SEC. 4694.(b)(2)(A)	the metric tons of qualified carbon oxide captured and disposed of, used, or utilized in a manner consistent with subsection (a), multiplied by
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(B)(ii)		qualified, carbon, captured, disposed, utilized	[SEC. 3.(a)(1)] SEC. 4694.(b)(2)(B)(ii)	in the case of a direct air capture facility (as defined in section 45Q(e)(1)), the carbon fee rate during the year in which the qualified carbon oxide was captured and disposed of, used, or utilized.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)	ADJUSTED TOTAL TONS.—For purposes of subparagraph (B), the adjusted tons of qualified carbon dioxide captured and disposed or utilized shall be the total tons of qualified carbon dioxide captured and disposed or utilized reduced by the amount of any anticipated leakage of carbon dioxide into the atmosphere due to imperfect storage technology or otherwise, as determined by the Secretary in consultation with the Administrator of the Environmental Protection Agency.	total, tons, carbon, dioxide, amount, determined		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		carbon, atmosphere, otherwise, determined, secretary		any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment. (5) COVERED FUEL.—The term ‘covered fuel’ means crude oil, natural gas, coal, or any other product derived from crude oil, natural gas, or coal which shall be used so as to emit greenhouse gases to the atmosphere.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		total, purposes, subparagraph, amount, determined, administrator	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		qualified, carbon, secretary, consultation, administrator	[SEC. 3.(a)(1)] SEC. 4694.(a)(1)	CAPTURE, SEQUESTRATION, AND USE.— The Secretary, in consultation with the Administrator and the Secretary of Energy, shall prescribe regulations for providing payments to any person which captures qualified carbon oxide which is—
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		tons, qualified, carbon, captured, disposed, utilized	[SEC. 3.(a)(1)] SEC. 4694.(b)(2)(A)	the metric tons of qualified carbon oxide captured and disposed of, used, or utilized in a manner consistent with subsection (a), multiplied by
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		qualified, carbon, captured, disposed, utilized	[SEC. 3.(a)(1)] SEC. 4694.(b)(2)(B)(ii)	in the case of a direct air capture facility (as defined in section 45Q(e)(1)), the carbon fee rate during the year in which the qualified carbon oxide was captured and disposed of, used, or utilized.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		qualified, carbon, secretary, consultation, administrator	[SEC. 3.(a)(1)] SEC. 4694.(c)	APPROVED USES OF QUALIFIED CARBON OXIDE.—The Secretary, in consultation with Administrator and the Secretary of Energy, shall, through regulation or other public guidance, determine which uses of qualified carbon oxide are eligible for payments under this section, which may include—
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		adjusted, carbon, reduced, amount, otherwise, determined	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		secretary, consultation, administrator, environmental, protection, agency	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		determined, secretary, consultation, administrator, agency	SEC. 7.(c)(2)	as determined by the Secretary, in consultation with the Administrator of the Federal Emergency Management Agency, has been or is at risk of being impacted by extreme weather events, sea level rise, and natural disasters related to climate change; or
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		carbon, determined, secretary, consultation, administrator, environmental, protection, agency	SEC. 7.(c)(3)	as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		secretary, administrator, environmental, protection, agency	SEC. 7.(d)(4)	other activities as the Secretary, in coordination with the Secretary of Labor, the Administrator of the Federal Emergency Management Agency, and the Administrator of the Environmental Protection Agency, determines to be appropriate.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(C)		consultation, administrator, environmental, protection, agency	SEC. 9.(a)	IN GENERAL.—The Chair of the Council on Environmental Quality, in consultation with the Secretaries of Agriculture, Commerce, and the Interior, the Chief of Engineers, and the Administrator of the Environmental Protection Agency, shall—
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)	REQUIREMENTS.—			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(i)	IN GENERAL.—Any refund under subparagraph (A) shall apply only with respect to qualified carbon dioxide that has been captured and disposed or utilized within the United States.	qualified, carbon, captured, disposed, utilized	[SEC. 3.(a)(1)] SEC. 4694.(b)(2)(A)	the metric tons of qualified carbon oxide captured and disposed of, used, or utilized in a manner consistent with subsection (a), multiplied by
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(i)		qualified, carbon, captured, disposed, utilized	[SEC. 3.(a)(1)] SEC. 4694.(b)(2)(B)(ii)	in the case of a direct air capture facility (as defined in section 45Q(e)(1)), the carbon fee rate during the year in which the qualified carbon oxide was captured and disposed of, used, or utilized.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(ii)	RECAPTURE.—The Secretary shall, by regulations, provide for recapturing the benefit of any refund made under subparagraph (A) with respect to any qualified carbon dioxide which is disposed in secure storage and ceases to be stored in a manner consistent with the requirements of this section.	qualified, carbon, disposed, manner, consistent	[SEC. 3.(a)(1)] SEC. 4694.(b)(2)(A)	the metric tons of qualified carbon oxide captured and disposed of, used, or utilized in a manner consistent with subsection (a), multiplied by
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iii)	UTILIZATION.—The Secretary, in consultation with the Secretary of Energy and the Administrator of the Environmental Protection Agency, shall establish regulations providing for the appropriate methods and manners for the utilization of qualified carbon dioxide under subparagraph (A)(iii)(II), including the utilization of captured carbon dioxide for the production of substances such as plastics and chemicals. Such regulations shall provide for the minimization of the escape or further emission of the qualified carbon dioxide into the atmosphere.	energy, carbon, dioxide, production, emission		NONCOVERED FUEL EMISSION.—The term ‘noncovered fuel emission’ means any carbon dioxide or methane emitted as a result of the production, processing, transport, or use of any product or material within the energy or industrial sectors— (A) including any fugitive or process emissions associated with the production, processing, or transport of a covered fuel, and
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iii)		secretary, consultation, administrator, regulations, carbon		ADMINISTRATIVE AUTHORITY.—The Secretary, in consultation with the Administrator, shall prescribe such regulations, and other guidance, to assess and collect the carbon fee imposed by this section, including— (1) the identification of covered entities that are liable for payment of a fee under this section or section 4693,
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iii)		secretary, consultation, administrator, regulations, carbon	[SEC. 3.(a)(1)] SEC. 4693.(c)	ADMINISTRATIVE AUTHORITY.—The Secretary, in consultation with the Administrator, shall prescribe such regulations, and other guidance, to assess and collect the carbon fee imposed by this section, including regulations describing the requirements for the quarterly payment of such fees.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iii)		secretary, consultation, energy, administrator, regulations, providing, qualified, carbon	[SEC. 3.(a)(1)] SEC. 4694.(a)(1)	CAPTURE, SEQUESTRATION, AND USE.— The Secretary, in consultation with the Administrator and the Secretary of Energy, shall prescribe regulations for providing payments to any person which captures qualified carbon oxide which is—
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iii)		secretary, consultation, energy, administrator, qualified, carbon	[SEC. 3.(a)(1)] SEC. 4694.(c)	APPROVED USES OF QUALIFIED CARBON OXIDE.—The Secretary, in consultation with Administrator and the Secretary of Energy, shall, through regulation or other public guidance, determine which uses of qualified carbon oxide are eligible for payments under this section, which may include—
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iii)		secretary, establish, appropriate, methods, carbon	SEC. 5.(h)(2)	in coordination with the Commissioner of Social Security, the Secretary of Veterans Affairs, and any relevant State agencies, establish methods to identify eligible individuals and provide carbon fee rebate payments to such individuals through appropriate means of distribution, including through the use of electronic benefit transfer cards.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iii)		secretary, consultation, administrator, environmental, protection, agency, establish	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iii)		secretary, establish, providing, carbon, production	SEC. 6.(d)(2)(A)	IN GENERAL.—For the purposes of providing payments under the program, the Secretary shall conduct a nationwide soil health and agricultural greenhouse gas emissions inventory that uses the best available science and data to establish baselines and expected average performance for soil carbon drawdown and storage and greenhouse gas emissions reduction by primary production type and production region.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iii)		secretary, consultation, administrator, environmental, protection, agency, carbon	SEC. 7.(c)(3)	as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iii)		secretary, administrator, environmental, protection, agency, appropriate	SEC. 7.(d)(4)	other activities as the Secretary, in coordination with the Secretary of Labor, the Administrator of the Federal Emergency Management Agency, and the Administrator of the Environmental Protection Agency, determines to be appropriate.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iii)		consultation, administrator, environmental, protection, agency	SEC. 9.(a)	IN GENERAL.—The Chair of the Council on Environmental Quality, in consultation with the Secretaries of Agriculture, Commerce, and the Interior, the Chief of Engineers, and the Administrator of the Environmental Protection Agency, shall—
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iv)	EXCEPTION.—No refund shall be allowed under this paragraph with respect to any carbon dioxide which is utilized in—			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iv)(I)	enhanced oil or gas recovery, or			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(D)(iv)(II)	the production of fuels or any other substance which will be combusted or otherwise release greenhouse gases into the atmosphere.			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(E)	QUALIFIED CARBON DIOXIDE; QUALIFIED FACILITY.—For purposes of this paragraph—			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(E)(i)	QUALIFIED CARBON DIOXIDE.—			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(E)(i)(I)	IN GENERAL.—The term ‘qualified carbon dioxide’ means carbon dioxide captured from an industrial source which—			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(E)(i)(I)(aa)	would otherwise be released into the atmosphere as industrial emission of greenhouse gas, and			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(E)(i)(I)(bb)	is measured at the source of capture and verified at the point of disposal, injection, or utilization.			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(E)(i)(II)	RECYCLED CARBON DIOXIDE.—The term ‘qualified carbon dioxide’ includes the initial deposit of captured carbon dioxide used as a tertiary injectant. Such term does not include carbon dioxide that is recaptured, recycled, and re-injected as part of the enhanced oil and natural gas recovery process.			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(1)(E)(ii)	QUALIFIED FACILITY.—The term ‘qualified facility’ means any industrial facility at which carbon capture equipment is placed in service.	facility, carbon, capture, equipment, placed, service	[SEC. 3.(a)(1)] SEC. 4694.(b)(1)	IN GENERAL.—In the case of any facility for which carbon capture equipment has been placed in service, the Secretary shall make payments in the same manner as if such payment was a refund of an overpayment of the fee imposed by section 4692 or 4693.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)	MANUFACTURE OF CERTAIN GOODS.—			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)	IN GENERAL.—In the case of a person who uses any coal, petroleum product, or natural gas for which a fee has been imposed under subsection (a)(1) as an input for a manufactured good (other than a product described in subparagraph (B)) that encapsulates any of the carbon dioxide that would have otherwise been emitted through combustion of such coal, petroleum product, or gas in a manner such that it does not result in the direct emission of carbon dioxide in the manufacturing or subsequent use of such good, a refund shall be allowed to such person in the same manner as if it were an overpayment of the fee imposed by such section in an amount that is equal to the product of—	case, carbon, dioxide, emitted, amount		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		gas, fee, carbon, otherwise, manner		any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment. (5) COVERED FUEL.—The term ‘covered fuel’ means crude oil, natural gas, coal, or any other product derived from crude oil, natural gas, or coal which shall be used so as to emit greenhouse gases to the atmosphere.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		product, carbon, dioxide, emitted, emission		NONCOVERED FUEL EMISSION.—The term ‘noncovered fuel emission’ means any carbon dioxide or methane emitted as a result of the production, processing, transport, or use of any product or material within the energy or industrial sectors— (A) including any fugitive or process emissions associated with the production, processing, or transport of a covered fuel, and
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		fee, imposed, carbon, amount, equal	[SEC. 3.(a)] SEC. 4692.(c)	AMOUNT OF THE CARBON FEE.—The carbon fee imposed by this section is an amount equal to—
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		gas, fee, imposed, subsection, subsequent, amount	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		fee, carbon, emission, amount, equal	[SEC. 3.(a)(1)] SEC. 4693.(b)(2)	an amount equal to the carbon fee rate in effect under section 4692(d) for the calendar year of such emission.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		case, fee, imposed, carbon, manner, refund, overpayment	[SEC. 3.(a)(1)] SEC. 4694.(b)(1)	IN GENERAL.—In the case of any facility for which carbon capture equipment has been placed in service, the Secretary shall make payments in the same manner as if such payment was a refund of an overpayment of the fee imposed by section 4692 or 4693.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		case, product, imposed, carbon, manufacturing, refund, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		case, imposed, refund, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(b)(2)	COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		case, product, fee, imposed, carbon, manufacturing, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		product, fee, imposed, subparagraph, carbon, amount	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B)	REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		case, fee, imposed, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)		case, fee, carbon, otherwise, amount, equal	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)(i)	an amount equal to the applicable amount under subsection (b) for the calendar year in which such good was produced, and			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(A)(ii)	the total tons of carbon dioxide that would have otherwise been emitted through the combustion of such coal, petroleum product, or gas.	total, tons, carbon, dioxide, emitted		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(B)	EXCLUSION.—The products described in this subparagraph are—			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(B)(i)	single-use plastic products (as defined in section 4696(a)(8)), and			
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(B)(ii)	products which are commonly disposed of through incineration with a resulting release of carbon dioxide (as identified by the Secretary, in consultation with the Administrator of the Environmental Protection Agency).	secretary, consultation, administrator, environmental, protection, agency	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(B)(ii)		carbon, secretary, consultation, administrator, environmental, protection, agency	SEC. 7.(c)(3)	as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(B)(ii)		secretary, administrator, environmental, protection, agency	SEC. 7.(d)(4)	other activities as the Secretary, in coordination with the Secretary of Labor, the Administrator of the Federal Emergency Management Agency, and the Administrator of the Environmental Protection Agency, determines to be appropriate.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(2)(B)(ii)		consultation, administrator, environmental, protection, agency	SEC. 9.(a)	IN GENERAL.—The Chair of the Council on Environmental Quality, in consultation with the Secretaries of Agriculture, Commerce, and the Interior, the Chief of Engineers, and the Administrator of the Environmental Protection Agency, shall—
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(3)	EXPORTS.—In the case of a person who exports any coal, petroleum product, or natural gas from the United States for which a fee has been imposed under subsection (a)(1), a refund shall be allowed to such person in the same manner as if it were an overpayment of the fee imposed by such section in an amount that is equal to the fee previously imposed under such subsection with respect to such product (determined without regard to any increase under section 4694).	gas, fee, imposed, subsection, amount, respect	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(3)		case, fee, imposed, refund, manner, overpayment	[SEC. 3.(a)(1)] SEC. 4694.(b)(1)	IN GENERAL.—In the case of any facility for which carbon capture equipment has been placed in service, the Secretary shall make payments in the same manner as if such payment was a refund of an overpayment of the fee imposed by section 4692 or 4693.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(3)		case, product, united, states, imposed, refund, amount, equal, determined	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(3)		case, united, states, imposed, refund, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(b)(2)	COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(3)		case, product, united, states, fee, imposed, amount, equal, determined	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(3)		case, united, states, fee, imposed, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4691.(c)(3)		case, fee, amount, equal, determined	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE I SEC. 101.(a)] SEC. 4692.	FEE ON FLUORINATED GREENHOUSE GASES.			
[TITLE I SEC. 101.(a)] SEC. 4692.(a)	IN GENERAL.—There is hereby imposed a fee in an amount determined under subsection (b) on fluorinated greenhouse gases—	imposed, fee, amount, subsection, greenhouse	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4692.(a)(1)	produced at a fluorinated greenhouse gas production facility, or			
[TITLE I SEC. 101.(a)] SEC. 4692.(a)(2)	imported into the United States by a fluorinated greenhouse gas importer.			
[TITLE I SEC. 101.(a)] SEC. 4692.(b)	AMOUNT OF FEE.—The amount of fee imposed by subsection (a) shall be equal to the applicable percentage (as defined in subsection (c)(4)) of the applicable amount determined under section 4691(b) per ton of carbon dioxide equivalent produced or imported.	amount, fee, imposed, equal, carbon	[SEC. 3.(a)] SEC. 4692.(c)	AMOUNT OF THE CARBON FEE.—The carbon fee imposed by this section is an amount equal to—
[TITLE I SEC. 101.(a)] SEC. 4692.(b)		amount, imposed, equal, determined, carbon	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4692.(b)		amount, fee, imposed, equal, determined, carbon, imported	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4692.(b)		amount, fee, imposed, carbon, imported	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B)	REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported.
[TITLE I SEC. 101.(a)] SEC. 4692.(b)		amount, fee, imposed, equal, imported	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4692.(b)		amount, fee, equal, determined, carbon	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE I SEC. 101.(a)] SEC. 4692.(c)	DEFINITIONS.—For purposes of this section—			
[TITLE I SEC. 101.(a)] SEC. 4692.(c)(1)	FLUORINATED GREENHOUSE GASES.—The term ‘fluorinated greenhouse gases’ means sulfur hexafluoride (SF6), nitrogen trifluoride (NF3), any hydrofluorocarbon, any perfluorocarbon, any fully fluorinated linear, branched or cyclic alkane, ether, tertiary amine or aminoether, any perfluoropolyether, any hydrofluoropolyether, and any other fluorocarbon except for substances with vapor pressures of less than 1 mm of Hg absolute at 25 degrees Celsius.			
[TITLE I SEC. 101.(a)] SEC. 4692.(c)(2)	FLUORINATED GREENHOUSE GAS PRODUCTION FACILITY.—The term ‘fluorinated greenhouse gas production facility’ means any facility which is included under the industrial gas supplier source category under subpart OO of part 98 of title 40, Code of Federal Regulations, as in effect on the date of the enactment of the Save Our Future Act.			
[TITLE I SEC. 101.(a)] SEC. 4692.(c)(3)	FLUORINATED GREENHOUSE GAS IMPORTER.—The term ‘fluorinated greenhouse gas importer’ means any importer who is included under—			
[TITLE I SEC. 101.(a)] SEC. 4692.(c)(3)(A)	the industrial gas supplier source category under subpart OO of part 98 of title 40, Code of Regulations, as in effect on the date of the enactment of the Save Our Future Act, or			
[TITLE I SEC. 101.(a)] SEC. 4692.(c)(3)(B)	the source category under subpart QQ of such part (as so in effect).			
[TITLE I SEC. 101.(a)] SEC. 4692.(c)(4)	APPLICABLE PERCENTAGE.—The term ‘applicable percentage’ means the percentage determined in accordance with the following table: ...................................................................................... 10 percent ...................................................................................... 20 percent ...................................................................................... 30 percent ...................................................................................... 40 percent ...................................................................................... 50 percent ...................................................................................... 60 percent ...................................................................................... 70 percent ...................................................................................... 80 percent ...................................................................................... 90 percent or thereafter ................................................................ 100 percent.			
[TITLE I SEC. 101.(a)] SEC. 4692.(d)	EXEMPTION FOR EXPORTS.—For purposes of determining fluorinated greenhouse gases produced or imported under subsection (a), there shall not be taken into account any fluorinated greenhouse gases exported from the United States in bulk or exported from the United States in equipment pre-charged with fluorinated greenhouse gases or containing fluorinated greenhouse gases in closed cell foams.			
[TITLE I SEC. 101.(a)] SEC. 4692.(e)	REFUND FOR CONSUMPTIVE USES AND DESTRUCTION.—In the case of a person who uses any fluorinated greenhouse gas for which a fee has been imposed under paragraph (1) or (2) of subsection (a) as an input for a manufactured good that transforms the fluorinated greenhouse gas such that it cannot later be emitted or otherwise destroys the gas (without emissions), a refund shall be allowed to such person in the same manner as if it were an overpayment of the fee imposed by such subsection in an amount that is equal to the product of—	greenhouse, gas, fee, otherwise, emissions, manner		any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment. (5) COVERED FUEL.—The term ‘covered fuel’ means crude oil, natural gas, coal, or any other product derived from crude oil, natural gas, or coal which shall be used so as to emit greenhouse gases to the atmosphere.
[TITLE I SEC. 101.(a)] SEC. 4692.(e)		greenhouse, gas, emissions, amount, equal	[SEC. 3.(a)] SEC. 4692.(a)(2)	CUMULATIVE EMISSIONS.—The term ‘cumulative emissions’ means an amount equal to the sum of any greenhouse gas emissions resulting from the use of covered fuels and any noncovered fuel emissions for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4692.(e)		greenhouse, gas, subsection, emissions, amount, equal	[SEC. 3.(a)(1)] (i)(1)(A)	REFERENCE YEAR.—For purposes of subsection (d), the emissions target for any year shall be the amount of greenhouse gas emissions that is equal to—
[TITLE I SEC. 101.(a)] SEC. 4692.(e)		greenhouse, gas, fee, imposed, subsection, emissions, amount	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4692.(e)		refund, case, fee, imposed, manner, overpayment	[SEC. 3.(a)(1)] SEC. 4694.(b)(1)	IN GENERAL.—In the case of any facility for which carbon capture equipment has been placed in service, the Secretary shall make payments in the same manner as if such payment was a refund of an overpayment of the fee imposed by section 4692 or 4693.
[TITLE I SEC. 101.(a)] SEC. 4692.(e)		refund, case, imposed, amount, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4692.(e)		refund, case, imposed, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(b)(2)	COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4692.(e)		case, fee, imposed, amount, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4692.(e)		case, fee, imposed, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4692.(e)		case, fee, otherwise, amount, equal	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE I SEC. 101.(a)] SEC. 4692.(e)(1)	an amount equal to the applicable percentage (as defined in subsection (c)(4)) of the applicable amount under section 4691(b), for the calendar year in which such fluorinated greenhouse gas was used or destroyed, and	amount, equal, applicable, greenhouse, gas	[SEC. 3.(a)] SEC. 4692.(a)(2)	CUMULATIVE EMISSIONS.—The term ‘cumulative emissions’ means an amount equal to the sum of any greenhouse gas emissions resulting from the use of covered fuels and any noncovered fuel emissions for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4692.(e)(1)		amount, equal, subsection, greenhouse, gas	[SEC. 3.(a)(1)] (i)(1)(A)	REFERENCE YEAR.—For purposes of subsection (d), the emissions target for any year shall be the amount of greenhouse gas emissions that is equal to—
[TITLE I SEC. 101.(a)] SEC. 4692.(e)(1)		amount, applicable, percentage, calendar, greenhouse, gas	[SEC. 3.(a)(1)] (i)(1)(A)(i)	for calendar years 2023 and 2024, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel during calendar year 2018, and
[TITLE I SEC. 101.(a)] SEC. 4692.(e)(1)		amount, applicable, percentage, calendar, greenhouse, gas	[SEC. 3.(a)(1)] (i)(1)(A)(ii)	for calendar year 2025 and each calendar year thereafter, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018.
[TITLE I SEC. 101.(a)] SEC. 4692.(e)(1)		amount, subsection, calendar, greenhouse, gas	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4692.(e)(2)	the excess (if any) of—			
[TITLE I SEC. 101.(a)] SEC. 4692.(e)(2)(A)	the total carbon dioxide equivalent of the fluorinated greenhouse gases used or destroyed, over			
[TITLE I SEC. 101.(a)] SEC. 4692.(e)(2)(B)	the total carbon dioxide equivalent of any fluorinated greenhouse gases created as the result of the transformation or destruction process.			
[TITLE I SEC. 101.(a)] SEC. 4693.	FEE ON FACILITIES THAT EMIT GREENHOUSE GASES FROM PROCESSES OTHER THAN FOSSIL FUEL COMBUSTION.			
[TITLE I SEC. 101.(a)] SEC. 4693.(a)	IN GENERAL.—There is hereby imposed a fee in an amount equal to the product of the applicable amount determined under section 4691(b) and the total tons of carbon dioxide equivalent emissions from any facility which—	tons, carbon, dioxide, equivalent, emissions		CARBON DIOXIDE EQUIVALENT OR CO2E.—The term ‘carbon dioxide equivalent’ or ‘CO2-e’ means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas. (3) CARBON-INTENSIVE PRODUCT.—The term ‘carbon-intensive product’ means—
[TITLE I SEC. 101.(a)] SEC. 4693.(a)		amount, determined, total, tons, carbon, dioxide, emissions		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4693.(a)		imposed, fee, amount, equal, carbon	[SEC. 3.(a)] SEC. 4692.(c)	AMOUNT OF THE CARBON FEE.—The carbon fee imposed by this section is an amount equal to—
[TITLE I SEC. 101.(a)] SEC. 4693.(a)		imposed, amount, equal, product, determined, carbon	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4693.(a)		imposed, fee, amount, equal, product, determined, carbon	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4693.(a)		imposed, fee, amount, product, carbon	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B)	REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported.
[TITLE I SEC. 101.(a)] SEC. 4693.(a)		fee, amount, equal, determined, carbon	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE I SEC. 101.(a)] SEC. 4693.(a)(1)	is required to report emissions (or which would be required to report emissions notwithstanding any other provision of law prohibiting the implementation of or use of funds for such requirements), or to which emissions are attributed, under part 98 of title 40, Code of Federal Regulations, as in effect on the date of the enactment of the Save Our Future Act, and			
[TITLE I SEC. 101.(a)] SEC. 4693.(a)(2)	emitted during the previous calendar year greenhouse gases other than through the production or combustion of coal, petroleum products, and natural gas.	greenhouse, gases, coal, natural, gas		COVERED FUEL.—The term ‘covered fuel’ means crude oil, natural gas, coal, or any other product derived from crude oil, natural gas, or coal which shall be used so as to emit greenhouse gases to the atmosphere. (6) GREENHOUSE GAS.—The term ‘greenhouse gas’—
[TITLE I SEC. 101.(a)] SEC. 4693.(b)	EXCLUSION.—This section shall not apply with respect to any greenhouse gases—			
[TITLE I SEC. 101.(a)] SEC. 4693.(b)(1)	which are emitted by any agricultural entity from the growing of crops or the raising of livestock, or			
[TITLE I SEC. 101.(a)] SEC. 4693.(b)(2)	if such greenhouse gases are subject to a fee under section 4694.			
[TITLE I SEC. 101.(a)] SEC. 4694.	METHANE AND ASSOCIATED EMISSIONS FROM THE FOSSIL FUEL SUPPLY CHAIN.			
[TITLE I SEC. 101.(a)] SEC. 4694.(a)	REPORTING PROGRAM.—			
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(1)	IN GENERAL.—Not later than January 1, 2022, the Secretary, in consultation with the Administrator of the Environmental Protection Agency, the Secretary of the Interior, the Administrator of the Energy Information Administration, and the Administrator of the Pipeline and Hazardous Materials Safety Administration, shall establish and implement a program to identify all major source categories of associated emissions and collect data on associated emissions from the coal, petroleum products, and natural gas supply chains.	secretary, consultation, administrator, environmental, protection, agency, establish, program, emissions, gas	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(1)		secretary, establish, program, emissions, gas	SEC. 6.(d)(1)(A)	IN GENERAL.—The Secretary shall establish an outcomes-based measurement system (referred to in this paragraph as the ‘‘measurement system’’) that uses the best available science and technology for cost-effective recordkeeping, modeling, and measurement of farmlevel greenhouse gas emissions on eligible land enrolled in the program.
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(1)		secretary, establish, program, emissions, data, gas	SEC. 6.(d)(2)(A)	IN GENERAL.—For the purposes of providing payments under the program, the Secretary shall conduct a nationwide soil health and agricultural greenhouse gas emissions inventory that uses the best available science and data to establish baselines and expected average performance for soil carbon drawdown and storage and greenhouse gas emissions reduction by primary production type and production region.
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(1)		secretary, establish, program, emissions, gas	SEC. 6.(d)(3)(A)	IN GENERAL.—The Secretary shall establish criteria for payments under the program to inform policy and markets established to promote soil carbon sequestration or greenhouse gas emissions reductions.
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(1)		secretary, consultation, administrator, agency, natural	SEC. 7.(c)(2)	as determined by the Secretary, in consultation with the Administrator of the Federal Emergency Management Agency, has been or is at risk of being impacted by extreme weather events, sea level rise, and natural disasters related to climate change; or
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(1)		secretary, consultation, administrator, environmental, protection, agency	SEC. 7.(c)(3)	as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry.
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(1)		secretary, administrator, environmental, protection, agency	SEC. 7.(d)(4)	other activities as the Secretary, in coordination with the Secretary of Labor, the Administrator of the Federal Emergency Management Agency, and the Administrator of the Environmental Protection Agency, determines to be appropriate.
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(1)		january, administrator, environmental, protection, agency	SEC. 8.(a)	IN GENERAL.—Not later than January 1, 2025, the Administrator of the Environmental Protection Agency (referred to in this section as the ‘‘Administrator’’) shall seek to enter into an agreement with the National Academy of Sciences under which the National Academy of Sciences shall carry out a study not less frequently than once every 5 years to evaluate the effectiveness of the fees established under sections 4692 and 4693 of the Internal Revenue Code of 1986 in achieving the following goals:
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(1)		consultation, administrator, environmental, protection, agency, interior	SEC. 9.(a)	IN GENERAL.—The Chair of the Council on Environmental Quality, in consultation with the Secretaries of Agriculture, Commerce, and the Interior, the Chief of Engineers, and the Administrator of the Environmental Protection Agency, shall—
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(2)	ANNUAL REPORT.—Not later than 12 months after the date that the Secretary implements the program described in paragraph (1), and annually thereafter, the Secretary shall issue a report, to be made available to the public and the appropriate committees of Congress, on associated emissions, including—	report, secretary, annually, thereafter, available, public	[SEC. 3.(a)(1)] (i)(3)(A)	REPORTING.—Not later than September 30, 2024, and annually thereafter, the Administrator, in consultation with the Secretary, shall make available to the public a report on—
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(2)		report, secretary, described, annually, thereafter, emissions	[SEC. 3.(a)(1)] (i)(3)(B)	DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year.
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(2)(A)	identification of all major source categories of associated emissions, and			
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(2)(B)	the total amount, expressed in tons of carbon dioxide equivalent, of—	total, amount, tons, carbon, dioxide		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(2)(B)(i)	methane and other greenhouse gases emitted across the coal supply chain within the United States during the preceding calendar year,			
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(2)(B)(ii)	methane and other greenhouse gases emitted across the petroleum products supply chain within the United States during the preceding calendar year, and			
[TITLE I SEC. 101.(a)] SEC. 4694.(a)(2)(B)(iii)	methane and other greenhouse gases emitted across the natural gas supply chain within the United States during the preceding calendar year.			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)	SUPPLEMENTARY FEE FOR METHANE AND ASSOCIATED EMISSIONS.—			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)	COAL.—			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)	IN GENERAL.—In the case of any calendar year beginning after calendar year 2022, all coal mine operators shall report their total annual methane and other associated emissions to the Secretary and the Administrator of the Environmental Protection Agency (referred to in this subsection as the ‘Administrator’), consistent with the methodology and requirements of the Greenhouse Gas Reporting Program of the Environmental Protection Agency (referred to in this subsection as the ‘Program’).	case, total, methane, emissions, methodology		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		calendar, emissions, subsection, greenhouse, gas	[SEC. 3.(a)] SEC. 4692.(a)(4)	EMISSIONS TARGET.—The term ‘emissions target’ means the target for greenhouse gas emissions during a calendar year as determined under subsection (e)(1).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		case, calendar, emissions, secretary, subsection	[SEC. 3.(a)] SEC. 4692.(d)(3)(A)	INCREASE IN RATE FOLLOWING MISSED CUMULATIVE EMISSIONS TARGET.—In the case of any calendar year following a determination by the Secretary pursuant to subsection (e)(3) that the cumulative emissions for the preceding calendar year exceeded the cumulative emissions target for such year, paragraph
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		annual, emissions, subsection, methodology, greenhouse, gas		METHODOLOGY.—With respect to any year, the annual greenhouse gas emissions and cumulative emissions described in subparagraph (A) or (B) shall be determined using the methodology required under subsection (e)(4). (e) EMISSIONS TARGETS.—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		calendar, total, emissions, greenhouse, gas	[SEC. 3.(a)(1)] (i)(1)(A)(i)	for calendar years 2023 and 2024, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel during calendar year 2018, and
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		calendar, total, emissions, greenhouse, gas	[SEC. 3.(a)(1)] (i)(1)(A)(ii)	for calendar year 2025 and each calendar year thereafter, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		calendar, total, emissions, administrator, methodology, greenhouse, gas	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		calendar, report, emissions, secretary, administrator	[SEC. 3.(a)(1)] (i)(3)(B)	DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		administrator, requirements, greenhouse, gas, reporting, program	[SEC. 3.(a)(1)] (i)(4)(B)	GREENHOUSE GAS REPORTING PROGRAM.—For purposes of establishing the rules described in subparagraph (A), the Administrator may elect to modify the activities of the Greenhouse Gas Reporting Program to satisfy the requirements described in clauses (i) through (iv) of such subparagraph.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		calendar, beginning, emissions, administrator, subsection, greenhouse, gas	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		emissions, secretary, administrator, environmental, protection, agency, greenhouse, gas, program	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		emissions, secretary, referred, greenhouse, gas, program	SEC. 6.(d)(1)(A)	IN GENERAL.—The Secretary shall establish an outcomes-based measurement system (referred to in this paragraph as the ‘‘measurement system’’) that uses the best available science and technology for cost-effective recordkeeping, modeling, and measurement of farmlevel greenhouse gas emissions on eligible land enrolled in the program.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		emissions, secretary, greenhouse, gas, program	SEC. 6.(d)(2)(A)	IN GENERAL.—For the purposes of providing payments under the program, the Secretary shall conduct a nationwide soil health and agricultural greenhouse gas emissions inventory that uses the best available science and data to establish baselines and expected average performance for soil carbon drawdown and storage and greenhouse gas emissions reduction by primary production type and production region.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		emissions, secretary, greenhouse, gas, program	SEC. 6.(d)(3)(A)	IN GENERAL.—The Secretary shall establish criteria for payments under the program to inform policy and markets established to promote soil carbon sequestration or greenhouse gas emissions reductions.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		secretary, administrator, environmental, protection, agency	SEC. 7.(c)(3)	as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		secretary, administrator, environmental, protection, agency	SEC. 7.(d)(4)	other activities as the Secretary, in coordination with the Secretary of Labor, the Administrator of the Federal Emergency Management Agency, and the Administrator of the Environmental Protection Agency, determines to be appropriate.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		administrator, environmental, protection, agency, referred	SEC. 8.(a)	IN GENERAL.—Not later than January 1, 2025, the Administrator of the Environmental Protection Agency (referred to in this section as the ‘‘Administrator’’) shall seek to enter into an agreement with the National Academy of Sciences under which the National Academy of Sciences shall carry out a study not less frequently than once every 5 years to evaluate the effectiveness of the fees established under sections 4692 and 4693 of the Internal Revenue Code of 1986 in achieving the following goals:
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		total, annual, emissions, subsection, greenhouse, gas	SEC. 8.(b)(1)(A)	total annual greenhouse gas emissions by the United States, including greenhouse gas emissions not subject to the fees described in that subsection;
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(A)		emissions, administrator, subsection, greenhouse, gas	SEC. 8.(b)(2)(A)	a projection of greenhouse gas emissions reductions that would result if the regulations of the Administrator were to be adjusted to impose stricter limits on greenhouse gas emissions than the goals described in that subsection, with a particular focus on greenhouse gas emissions not subject to the fees described in that subsection;
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(B)	DEADLINE.—Each annual report under subparagraph (A) shall be filed not later than March 31 of the calendar year following the calendar year covered by the report.			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(C)	REQUIREMENT.—The Administrator shall develop a reporting methodology for any coal mines not required as of the date of enactment of this section to report emissions under the Program.			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(D)	FEE.—Not later than 90 days after the date on which a coal mine operator submits a report under subparagraph (A), the Secretary shall impose a fee on the operator in an amount equal to the product obtained by multiplying—	fee, secretary, amount, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(D)(i)	the applicable amount determined under section 4691(b) per ton of carbon dioxide equivalent; and			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(D)(ii)	the total carbon dioxide equivalent tons of methane and other associated emissions reported by the operator in the report.	carbon, dioxide, equivalent, tons, emissions		CARBON DIOXIDE EQUIVALENT OR CO2E.—The term ‘carbon dioxide equivalent’ or ‘CO2-e’ means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas. (3) CARBON-INTENSIVE PRODUCT.—The term ‘carbon-intensive product’ means—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(1)(D)(ii)		total, carbon, dioxide, tons, methane, emissions		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)	PETROLEUM PRODUCTS.—			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(A)	IN GENERAL.—In the case of any calendar year beginning after calendar year 2022, all oil well operators and other entities in the petroleum products supply chain required to report under the Program shall report their total annual methane and other associated emissions to the Secretary and the Administrator, consistent with the methodology and requirements of the Program.	case, required, total, methane, emissions, methodology		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(A)		calendar, total, emissions, administrator, methodology	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(A)		calendar, report, emissions, secretary, administrator	[SEC. 3.(a)(1)] (i)(3)(B)	DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(B)	INCLUSION.—Each annual report under subparagraph (A) shall include emissions from low frequency, high emission events.			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(C)	DEADLINE.—Each annual report under subparagraph (A) shall be filed not later than March 31 of the calendar year following the calendar year covered by the report.			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(D)	REQUIREMENT.—The Administrator shall develop a reporting methodology for—			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(D)(i)	any smaller oil well operators not required as of the date of enactment of this section to report emissions under the Program; and			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(D)(ii)	low frequency, high emission events.			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(E)	FEE.—Not later than 90 days after the date on which an oil well operator or other entity submits a report under subparagraph (A), the Secretary shall impose a fee on the operator or entity in an amount equal to the product obtained by multiplying—			
	, the Secretary shall impose a fee on the operator or entity in an amount equal to the product obtained by multiplying—	secretary, fee, amount, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(E)(i)	the applicable amount determined under section 4691(b) per ton of carbon dioxide equivalent; and			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(E)(ii)	the total carbon dioxide equivalent tons of methane and other associated emissions reported by the operator or entity in the report.	carbon, dioxide, equivalent, tons, emissions		CARBON DIOXIDE EQUIVALENT OR CO2E.—The term ‘carbon dioxide equivalent’ or ‘CO2-e’ means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas. (3) CARBON-INTENSIVE PRODUCT.—The term ‘carbon-intensive product’ means—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(2)(E)(ii)		total, carbon, dioxide, tons, methane, emissions, entity		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)	NATURAL GAS.—			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(A)	IN GENERAL.—In the case of any calendar year beginning after calendar year 2022, all gas well operators and other entities in the natural gas supply chain required to report under the Program shall report their total annual methane and other associated emissions to the Secretary and the Administrator, consistent with the methodology and requirements of the Program.	case, required, total, methane, emissions, methodology		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(A)		gas, required, annual, emissions, methodology		METHODOLOGY.—With respect to any year, the annual greenhouse gas emissions and cumulative emissions described in subparagraph (A) or (B) shall be determined using the methodology required under subsection (e)(4). (e) EMISSIONS TARGETS.—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(A)		calendar, gas, total, emissions, administrator, methodology	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(A)		calendar, report, emissions, secretary, administrator	[SEC. 3.(a)(1)] (i)(3)(B)	DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(A)		calendar, beginning, gas, emissions, administrator	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(A)		gas, program, emissions, secretary, administrator	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(B)	INCLUSION.—Each annual report under subparagraph (A) shall include emissions from low frequency, high emission events.			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(C)	DEADLINE.—Each annual report under subparagraph (A) shall be filed not later than March 31 of the calendar year following the calendar year covered by the report.			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(D)	REQUIREMENT.—The Administrator shall develop a reporting methodology for—			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(D)(i)	any smaller gas well operators not required as of the date of enactment of this section to report emissions under the Program; and			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(D)(ii)	low frequency, high emission events.			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(E)	FEE.—Not later than 90 days after the date on which a gas well operator or other entity submits a report under subparagraph (A), the Secretary shall impose a fee on the operator or other entity in an amount equal to the product obtained by multiplying—			
	, the Secretary shall impose a fee on the operator or other entity in an amount equal to the product obtained by multiplying—	secretary, fee, amount, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(E)(i)	the applicable amount determined under section 4691(b) per ton of carbon dioxide equivalent; and			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(E)(ii)	the total carbon dioxide equivalent tons of methane and other associated emissions reported by the operator or entity in the report.	carbon, dioxide, equivalent, tons, emissions		CARBON DIOXIDE EQUIVALENT OR CO2E.—The term ‘carbon dioxide equivalent’ or ‘CO2-e’ means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas. (3) CARBON-INTENSIVE PRODUCT.—The term ‘carbon-intensive product’ means—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(3)(E)(ii)		total, carbon, dioxide, tons, methane, emissions, entity		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)	IMPORTS.—			
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)	IN GENERAL.—In the case of any calendar year beginning after 2022, the fee imposed under section 4691(a)(1) with respect to any coal, petroleum product, or natural gas imported into the United States (referred to in this paragraph as the ‘applicable product’) shall be increased by the amount determined by the Secretary (in consultation with the Administrator of the Environmental Protection Agency) necessary to ensure that the total fees collected under such section with respect to such applicable product are equal to the total amount of such fees that would be collected on such applicable product if the fee imposed under section 4691(a)(1) also applied to the carbon-dioxide equivalent of the average amount of methane and other associated emissions emitted in the production of such applicable product (using a country-of-origin industry average, as determined by the Secretary in consultation with the Administrator of the Environmental Protection Agency).	gas, carbon, dioxide, equivalent, emissions		CARBON DIOXIDE EQUIVALENT OR CO2E.—The term ‘carbon dioxide equivalent’ or ‘CO2-e’ means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas. (3) CARBON-INTENSIVE PRODUCT.—The term ‘carbon-intensive product’ means—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		case, amount, determined, total, carbon, dioxide, methane, emissions, emitted		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		fee, gas, determined, secretary, carbon, emissions		any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment. (5) COVERED FUEL.—The term ‘covered fuel’ means crude oil, natural gas, coal, or any other product derived from crude oil, natural gas, or coal which shall be used so as to emit greenhouse gases to the atmosphere.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		product, carbon, dioxide, methane, emitted, production		NONCOVERED FUEL EMISSION.—The term ‘noncovered fuel emission’ means any carbon dioxide or methane emitted as a result of the production, processing, transport, or use of any product or material within the energy or industrial sectors— (A) including any fugitive or process emissions associated with the production, processing, or transport of a covered fuel, and
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		gas, applicable, amount, equal, emissions	[SEC. 3.(a)] SEC. 4692.(a)(2)	CUMULATIVE EMISSIONS.—The term ‘cumulative emissions’ means an amount equal to the sum of any greenhouse gas emissions resulting from the use of covered fuels and any noncovered fuel emissions for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		fee, imposed, amount, equal, carbon	[SEC. 3.(a)] SEC. 4692.(c)	AMOUNT OF THE CARBON FEE.—The carbon fee imposed by this section is an amount equal to—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		case, calendar, increased, amount, determined, equal	[SEC. 3.(a)] SEC. 4692.(d)(2)(A)	IN GENERAL.—In the case of any calendar year after 2023, the amount determined under paragraph (1)(B) shall be increased by an amount equal to—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		calendar, gas, applicable, amount, total, emissions	[SEC. 3.(a)(1)] (i)(1)(A)(i)	for calendar years 2023 and 2024, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel during calendar year 2018, and
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		calendar, gas, applicable, amount, total, emissions	[SEC. 3.(a)(1)] (i)(1)(A)(ii)	for calendar year 2025 and each calendar year thereafter, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		calendar, respect, gas, amount, determined, administrator, total, emissions	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		case, calendar, beginning, applicable, equal	[SEC. 3.(a)(1)] (i)(2)(C)	AFTER 2050.—In the case of any calendar year beginning after 2050, the applicable percentage shall be equal to 10 percent.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		calendar, respect, secretary, consultation, administrator, emissions	[SEC. 3.(a)(1)] (i)(3)(B)	DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		calendar, beginning, fee, imposed, respect, gas, amount, administrator, emissions	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		fee, imposed, respect, secretary, necessary, ensure, carbon		EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer. (g) ADMINISTRATIVE AUTHORITY.—The Secretary, in consultation with the Administrator, shall prescribe such regulations, and other guidance, to assess and collect the carbon fee imposed by this section, including—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		fee, imposed, secretary, consultation, administrator, carbon		ADMINISTRATIVE AUTHORITY.—The Secretary, in consultation with the Administrator, shall prescribe such regulations, and other guidance, to assess and collect the carbon fee imposed by this section, including— (1) the identification of covered entities that are liable for payment of a fee under this section or section 4693,
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		fee, imposed, ensure, carbon, emissions		rules to ensure that the carbon fee under this section, the fee on noncovered fuel emissions under section 4693, or the carbon border fee adjustment is not imposed on an emission from covered fuel or noncovered fuel emission more than once.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		calendar, fee, amount, equal, carbon	[SEC. 3.(a)(1)] SEC. 4693.(b)(2)	an amount equal to the carbon fee rate in effect under section 4692(d) for the calendar year of such emission.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		fee, imposed, secretary, consultation, administrator, fees, carbon	[SEC. 3.(a)(1)] SEC. 4693.(c)	ADMINISTRATIVE AUTHORITY.—The Secretary, in consultation with the Administrator, shall prescribe such regulations, and other guidance, to assess and collect the carbon fee imposed by this section, including regulations describing the requirements for the quarterly payment of such fees.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		case, fee, imposed, secretary, carbon	[SEC. 3.(a)(1)] SEC. 4694.(b)(1)	IN GENERAL.—In the case of any facility for which carbon capture equipment has been placed in service, the Secretary shall make payments in the same manner as if such payment was a refund of an overpayment of the fee imposed by section 4692 or 4693.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		fee, imposed, referred, fees, carbon	[SEC. 3.(a)(1)] SEC. 4695.(a)	IN GENERAL.—The fees imposed by, and refunds allowed under, this section shall be referred to as ‘the carbon border fee adjustment’.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		case, imposed, product, united, states, amount, determined, secretary, fees, equal, carbon	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		case, imposed, united, states, amount, secretary, fees, equal	[SEC. 3.(a)(1)] SEC. 4695.(b)(2)	COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		case, fee, imposed, product, imported, united, states, amount, determined, secretary, fees, equal, carbon	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		fee, imposed, product, imported, amount, fees, carbon	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B)	REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		case, fee, imposed, imported, united, states, amount, fees, equal	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		fee, imposed, imported, amount, fees	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(B)	REDUCTION IN FEE.—The amount of the fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the covered fuel by the foreign nation or governmental units from which the fuel was imported.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		united, states, applicable, secretary, consultation, fees	[SEC. 3.(a)(1)] SEC. 4695.(e)(2)	TREATIES.—The Secretary, in consultation with the Secretary of State, may adjust the applicable amounts of the refunds and equivalency fees under this section in a manner that is consistent with any obligations of the United States under an international agreement.’’.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		calendar, beginning, fee, referred, secretary, carbon	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		beginning, fee, respect, amount, equal, carbon	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		case, fee, amount, determined, equal, carbon	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		gas, secretary, consultation, administrator, environmental, protection, agency, emissions	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		gas, secretary, carbon, average, emissions, production	SEC. 6.(d)(2)(A)	IN GENERAL.—For the purposes of providing payments under the program, the Secretary shall conduct a nationwide soil health and agricultural greenhouse gas emissions inventory that uses the best available science and data to establish baselines and expected average performance for soil carbon drawdown and storage and greenhouse gas emissions reduction by primary production type and production region.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		natural, determined, secretary, consultation, administrator, agency	SEC. 7.(c)(2)	as determined by the Secretary, in consultation with the Administrator of the Federal Emergency Management Agency, has been or is at risk of being impacted by extreme weather events, sea level rise, and natural disasters related to climate change; or
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		determined, secretary, consultation, administrator, environmental, protection, agency, carbon, industry	SEC. 7.(c)(3)	as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		secretary, administrator, environmental, protection, agency	SEC. 7.(d)(4)	other activities as the Secretary, in coordination with the Secretary of Labor, the Administrator of the Federal Emergency Management Agency, and the Administrator of the Environmental Protection Agency, determines to be appropriate.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		referred, administrator, environmental, protection, agency, fees	SEC. 8.(a)	IN GENERAL.—Not later than January 1, 2025, the Administrator of the Environmental Protection Agency (referred to in this section as the ‘‘Administrator’’) shall seek to enter into an agreement with the National Academy of Sciences under which the National Academy of Sciences shall carry out a study not less frequently than once every 5 years to evaluate the effectiveness of the fees established under sections 4692 and 4693 of the Internal Revenue Code of 1986 in achieving the following goals:
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		gas, united, states, total, fees, emissions	SEC. 8.(b)(1)(A)	total annual greenhouse gas emissions by the United States, including greenhouse gas emissions not subject to the fees described in that subsection;
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(A)		consultation, administrator, environmental, protection, agency	SEC. 9.(a)	IN GENERAL.—The Chair of the Council on Environmental Quality, in consultation with the Secretaries of Agriculture, Commerce, and the Interior, the Chief of Engineers, and the Administrator of the Environmental Protection Agency, shall—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)	ELECTION.—If an importer elects to provide reliable data (as determined by the Secretary based upon the most recent calendar year for which such data is available, which may not be for any year beginning more than 3 years prior to importation) demonstrating the average actual methane and other associated emissions generated per unit of production of the applicable product, the fee imposed under section 4691(a)(1) with respect such applicable product imported into the United States shall be increased by the amount determined by the Secretary (in consultation with the Administrator of the Environmental Protection Agency) necessary to ensure that the total fees collected under such section with respect to such applicable product are equal to the total amount of such fees that would be collected on such applicable product if the fee imposed under section 4691(a)(1) also applied to the carbon-dioxide equivalent of the actual average amount of methane and other associated emissions emitted in the production of such applicable product.	determined, methane, emissions, amount, total, carbon, dioxide, emitted		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		determined, secretary, emissions, fee, carbon		any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment. (5) COVERED FUEL.—The term ‘covered fuel’ means crude oil, natural gas, coal, or any other product derived from crude oil, natural gas, or coal which shall be used so as to emit greenhouse gases to the atmosphere.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		methane, production, product, carbon, dioxide, emitted		NONCOVERED FUEL EMISSION.—The term ‘noncovered fuel emission’ means any carbon dioxide or methane emitted as a result of the production, processing, transport, or use of any product or material within the energy or industrial sectors— (A) including any fugitive or process emissions associated with the production, processing, or transport of a covered fuel, and
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		years, emissions, applicable, amount, equal	[SEC. 3.(a)] SEC. 4692.(a)(2)	CUMULATIVE EMISSIONS.—The term ‘cumulative emissions’ means an amount equal to the sum of any greenhouse gas emissions resulting from the use of covered fuels and any noncovered fuel emissions for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		years, emissions, applicable, amount, equal	[SEC. 3.(a)] SEC. 4692.(a)(3)	CUMULATIVE EMISSIONS TARGET.—The term ‘cumulative emissions target’ means an amount equal to the sum of the emissions targets for all years during the applicable period.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		fee, imposed, amount, equal, carbon	[SEC. 3.(a)] SEC. 4692.(c)	AMOUNT OF THE CARBON FEE.—The carbon fee imposed by this section is an amount equal to—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		determined, calendar, increased, amount, equal	[SEC. 3.(a)] SEC. 4692.(d)(2)(A)	IN GENERAL.—In the case of any calendar year after 2023, the amount determined under paragraph (1)(B) shall be increased by an amount equal to—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		calendar, years, emissions, applicable, amount, total	[SEC. 3.(a)(1)] (i)(1)(A)(i)	for calendar years 2023 and 2024, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel during calendar year 2018, and
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		calendar, emissions, applicable, amount, total	[SEC. 3.(a)(1)] (i)(1)(A)(ii)	for calendar year 2025 and each calendar year thereafter, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		determined, calendar, emissions, respect, amount, administrator, total	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		secretary, calendar, emissions, respect, consultation, administrator	[SEC. 3.(a)(1)] (i)(3)(B)	DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		calendar, beginning, years, emissions, fee, imposed, respect, amount, administrator	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		secretary, fee, imposed, respect, necessary, ensure, carbon		EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer. (g) ADMINISTRATIVE AUTHORITY.—The Secretary, in consultation with the Administrator, shall prescribe such regulations, and other guidance, to assess and collect the carbon fee imposed by this section, including—
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		secretary, fee, imposed, consultation, administrator, carbon		ADMINISTRATIVE AUTHORITY.—The Secretary, in consultation with the Administrator, shall prescribe such regulations, and other guidance, to assess and collect the carbon fee imposed by this section, including— (1) the identification of covered entities that are liable for payment of a fee under this section or section 4693,
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		emissions, fee, imposed, ensure, carbon		rules to ensure that the carbon fee under this section, the fee on noncovered fuel emissions under section 4693, or the carbon border fee adjustment is not imposed on an emission from covered fuel or noncovered fuel emission more than once.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		calendar, fee, amount, equal, carbon	[SEC. 3.(a)(1)] SEC. 4693.(b)(2)	an amount equal to the carbon fee rate in effect under section 4692(d) for the calendar year of such emission.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		secretary, fee, imposed, consultation, administrator, fees, carbon	[SEC. 3.(a)(1)] SEC. 4693.(c)	ADMINISTRATIVE AUTHORITY.—The Secretary, in consultation with the Administrator, shall prescribe such regulations, and other guidance, to assess and collect the carbon fee imposed by this section, including regulations describing the requirements for the quarterly payment of such fees.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		determined, secretary, product, imposed, united, states, amount, fees, equal, carbon	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		secretary, imposed, united, states, amount, fees, equal	[SEC. 3.(a)(1)] SEC. 4695.(b)(2)	COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		determined, secretary, product, fee, imposed, imported, united, states, amount, fees, equal, carbon	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		product, fee, imposed, imported, amount, fees, carbon	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B)	REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		fee, imposed, imported, united, states, amount, fees, equal	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		fee, imposed, imported, amount, fees	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(B)	REDUCTION IN FEE.—The amount of the fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the covered fuel by the foreign nation or governmental units from which the fuel was imported.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		secretary, applicable, united, states, consultation, fees	[SEC. 3.(a)(1)] SEC. 4695.(e)(2)	TREATIES.—The Secretary, in consultation with the Secretary of State, may adjust the applicable amounts of the refunds and equivalency fees under this section in a manner that is consistent with any obligations of the United States under an international agreement.’’.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		determined, beginning, years, amount, equal	[SEC. 4.(a)] SEC. 9512.(c)(1)(B)	AGRICULTURAL DECARBONIZATION TRANSITION PAYMENTS.—For the purposes described in section 6 of the America’s Clean Future Fund Act, for each of the first 10 fiscal years beginning after September 30, 2023, an amount equal to 7 percent of the amount determined annually under subparagraph (A)(i)(I).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		secretary, calendar, available, beginning, fee, carbon	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		beginning, fee, respect, amount, equal, carbon	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		determined, fee, amount, equal, carbon	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		secretary, emissions, consultation, administrator, environmental, protection, agency	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		data, secretary, available, average, emissions, production, carbon	SEC. 6.(d)(2)(A)	IN GENERAL.—For the purposes of providing payments under the program, the Secretary shall conduct a nationwide soil health and agricultural greenhouse gas emissions inventory that uses the best available science and data to establish baselines and expected average performance for soil carbon drawdown and storage and greenhouse gas emissions reduction by primary production type and production region.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		determined, secretary, consultation, administrator, agency	SEC. 7.(c)(2)	as determined by the Secretary, in consultation with the Administrator of the Federal Emergency Management Agency, has been or is at risk of being impacted by extreme weather events, sea level rise, and natural disasters related to climate change; or
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		determined, secretary, consultation, administrator, environmental, protection, agency, carbon	SEC. 7.(c)(3)	as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		secretary, administrator, environmental, protection, agency	SEC. 7.(d)(4)	other activities as the Secretary, in coordination with the Secretary of Labor, the Administrator of the Federal Emergency Management Agency, and the Administrator of the Environmental Protection Agency, determines to be appropriate.
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		years, administrator, environmental, protection, agency, fees	SEC. 8.(a)	IN GENERAL.—Not later than January 1, 2025, the Administrator of the Environmental Protection Agency (referred to in this section as the ‘‘Administrator’’) shall seek to enter into an agreement with the National Academy of Sciences under which the National Academy of Sciences shall carry out a study not less frequently than once every 5 years to evaluate the effectiveness of the fees established under sections 4692 and 4693 of the Internal Revenue Code of 1986 in achieving the following goals:
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		emissions, united, states, total, fees	SEC. 8.(b)(1)(A)	total annual greenhouse gas emissions by the United States, including greenhouse gas emissions not subject to the fees described in that subsection;
[TITLE I SEC. 101.(a)] SEC. 4694.(b)(4)(B)		consultation, administrator, environmental, protection, agency	SEC. 9.(a)	IN GENERAL.—The Chair of the Council on Environmental Quality, in consultation with the Secretaries of Agriculture, Commerce, and the Interior, the Chief of Engineers, and the Administrator of the Environmental Protection Agency, shall—
[TITLE I SEC. 101.(a)] SEC. 4695.	BORDER ADJUSTMENTS FOR ENERGY-INTENSIVE MANUFACTURED GOODS.			
[TITLE I SEC. 101.(a)] SEC. 4695.(a)	PURPOSE.—The purpose of this section is to ensure the environmental effectiveness of this subchapter.			
[TITLE I SEC. 101.(a)] SEC. 4695.(b)	EXPORTS.—			
[TITLE I SEC. 101.(a)] SEC. 4695.(b)(1)	IN GENERAL.—In the case of any energyintensive manufactured good which is exported from the United States and which is manufactured after December 31, 2022, the Secretary shall pay to the person exporting such good a refund equal to the amount of the cost of such good attributable to any fees imposed under this subchapter related to the manufacturing of such energy-intensive manufactured good (as determined under regulations established by the Secretary).	case, exported, united, states, secretary, exporting, refund, equal, amount, cost, attributable, fees, imposed, related, manufacturing, intensive, determined, regulations, established	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(b)(1)		case, exported, united, states, secretary, exporting, refund, equal, amount, cost, attributable, fees, imposed, related	[SEC. 3.(a)(1)] SEC. 4695.(b)(2)	COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4695.(b)(1)		case, united, states, secretary, equal, amount, cost, attributable, fees, imposed, related, manufacturing, intensive, determined, regulations, established	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(b)(1)		case, united, states, equal, amount, fees, imposed, related	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4695.(b)(2)	DETERMINATION OF REFUND.—The amount of the refund under paragraph (1) shall be determined based on the average amount of the cost of such good, as produced by the domestic manufacturer, which is attributable to any fees imposed under this subchapter.	refund, amount, determined, cost, attributable, fees, imposed	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(b)(2)		refund, amount, cost, attributable, fees, imposed	[SEC. 3.(a)(1)] SEC. 4695.(b)(2)	COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4695.(b)(2)		amount, determined, cost, attributable, fees, imposed	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)	IMPORTS.—			
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)	IMPOSITION OF EQUIVALENCY FEE.—			
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(A)	IN GENERAL.—In the case of any energy-intensive manufactured good imported into the United States after December 31, 2022, there is imposed an equivalency fee on the person importing such good in an amount equal to the amount determined under subparagraph (B)(as determined under regulations established by the Secretary).	case, intensive, united, states, imposed, amount, equal, determined	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(A)		case, united, states, imposed, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(b)(2)	COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(A)		case, intensive, imported, united, states, imposed, equivalency, fee, importing, amount, equal, determined	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(A)		intensive, imported, imposed, equivalency, fee, amount, subparagraph	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B)	REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(A)		case, imported, united, states, imposed, fee, importing, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(A)		imported, imposed, fee, amount, subparagraph	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(B)	REDUCTION IN FEE.—The amount of the fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the covered fuel by the foreign nation or governmental units from which the fuel was imported.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(A)		case, fee, amount, equal, determined	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
	(as determined under regulations established by the Secretary).			
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)	DETERMINATION OF FEE.—			
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(i)	IN GENERAL.—Subject to clause (ii), the amount of the equivalency fee under subparagraph (A) shall be an amount equal to the product of—			
	, the amount of the equivalency fee under subparagraph (A) shall be an amount equal to the product of—	amount, equivalency, fee, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
		amount, equivalency, fee, subparagraph, product	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B)	REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(i)(I)	the amount of any fees that would be imposed under this subchapter if the energy-intensive manufactured good was manufactured in the United States, multiplied by	amount, fees, imposed, intensive, united, states	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(i)(I)		amount, fees, imposed, united, states	[SEC. 3.(a)(1)] SEC. 4695.(b)(2)	COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(i)(I)		amount, fees, imposed, intensive, united, states	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(i)(I)		amount, fees, imposed, united, states	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(i)(II)	an amount equal to the quotient of—			
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(i)(II)(aa)	the average economywide carbon intensity of the country in which such good was produced (as determined by the Secretary based upon the most recent year for which reliable data is available), divided by	average, carbon, secretary, data, available	SEC. 6.(d)(2)(A)	IN GENERAL.—For the purposes of providing payments under the program, the Secretary shall conduct a nationwide soil health and agricultural greenhouse gas emissions inventory that uses the best available science and data to establish baselines and expected average performance for soil carbon drawdown and storage and greenhouse gas emissions reduction by primary production type and production region.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(i)(II)(bb)	the average economywide carbon intensity of the United States (as so determined).			
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)	ALTERNATIVE CALCULATIONS.—			
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(I)	INDUSTRY-SPECIFIC DATA.— In the case of any energy-intensive manufactured good for which reliable industry-specific data is available (as determined by the Secretary), the amount of the equivalency fee under subparagraph (A) shall be an amount equal to the amount determined under clause (i) for such good, as determined by substituting ‘industry-specific’ for ‘economy-wide’ each place it appears.	case, intensive, determined, secretary, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(I)		case, intensive, determined, secretary, amount, equivalency, fee, equal	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(I)		intensive, amount, equivalency, fee, subparagraph	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B)	REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(I)		case, determined, amount, fee, equal	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)	ELECTION.—In the case of any energy-intensive manufactured good for which the importer of such good elects application of this subclause and provides reliable data (as determined by the Secretary based upon the most recent calendar year for which such data is available, which may not be for any year beginning more than 3 years prior to importation), the amount of the equivalency fee under subparagraph (A) shall be an amount equal to the product of—	energy, intensive, manufactured, secretary, product		any manufactured product which the Secretary, in consultation with the Administrator, the Secretary of Commerce, and the Secretary of Energy, determines is energy-intensive and trade-exposed (with the exception of any covered fuel). (4) COVERED ENTITY.—The term ‘covered entity’ means—
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)		case, determined, calendar, amount, equal	[SEC. 3.(a)] SEC. 4692.(d)(2)(A)	IN GENERAL.—In the case of any calendar year after 2023, the amount determined under paragraph (1)(B) shall be increased by an amount equal to—
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)		calendar, beginning, years, amount, fee	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)		case, intensive, determined, secretary, amount, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)		case, intensive, determined, secretary, amount, equivalency, fee, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)		intensive, amount, equivalency, fee, subparagraph, product	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B)	REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)		determined, beginning, years, amount, subparagraph, equal	[SEC. 4.(a)] SEC. 9512.(c)(1)(B)	AGRICULTURAL DECARBONIZATION TRANSITION PAYMENTS.—For the purposes described in section 6 of the America’s Clean Future Fund Act, for each of the first 10 fiscal years beginning after September 30, 2023, an amount equal to 7 percent of the amount determined annually under subparagraph (A)(i)(I).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)		secretary, calendar, available, beginning, fee	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)		case, application, determined, amount, fee, equal	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)(aa)	the amount of any fees that would be imposed under this subchapter if the energy-intensive manufactured good was manufactured in the United States, multiplied by	amount, fees, imposed, intensive, united, states	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)(aa)		amount, fees, imposed, united, states	[SEC. 3.(a)(1)] SEC. 4695.(b)(2)	COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)(aa)		amount, fees, imposed, intensive, united, states	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)(aa)		amount, fees, imposed, united, states	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)(bb)	an amount equal to the quotient of—			
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)(bb)(AA)	the total amount of greenhouse gas emissions related to the production of such good and any similar goods by the manufacturer and any parent company, subsidiary, or affiliate of such manufacturer during such calendar year, divided by	total, amount, greenhouse, gas, emissions, calendar	[SEC. 3.(a)(1)] (i)(1)(A)(i)	for calendar years 2023 and 2024, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel during calendar year 2018, and
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)(bb)(AA)		total, amount, greenhouse, gas, emissions, calendar	[SEC. 3.(a)(1)] (i)(1)(A)(ii)	for calendar year 2025 and each calendar year thereafter, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)(bb)(AA)		total, amount, greenhouse, gas, emissions, calendar	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)(bb)(AA)		amount, greenhouse, gas, emissions, calendar	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(1)(B)(ii)(II)(bb)(BB)	the total number of such goods which were produced by the manufacturer and any parent company, subsidiary, or affiliate of such manufacturer during such calendar year.			
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(2)	REDUCTION IN FEE.—The amount of the equivalency fee under paragraph (1) shall be reduced by the amount, if any, of any carbon-based fees imposed on such energy-intensive manufactured goods by the foreign nation or governmental units from which such good was imported.	amount, carbon, fees, imposed, intensive	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(2)		fee, amount, equivalency, carbon, fees, imposed, intensive, imported	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(2)		reduction, fee, amount, equivalency, reduced, carbon, fees, imposed, intensive, foreign, nation, governmental, units, imported	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B)	REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(2)		fee, amount, fees, imposed, imported	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A)	IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel.
[TITLE I SEC. 101.(a)] SEC. 4695.(c)(2)		reduction, fee, amount, reduced, fees, imposed, foreign, nation, governmental, units, imported	[SEC. 3.(a)(1)] SEC. 4695.(c)(2)(B)	REDUCTION IN FEE.—The amount of the fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the covered fuel by the foreign nation or governmental units from which the fuel was imported.
[TITLE I SEC. 101.(a)] SEC. 4695.(d)	TREATMENT OF ALTERNATIVE POLICIES AS FEES.—Under regulations established by the Secretary, foreign policies that place an indirect price on carbon through various credit or emissions trading regimes shall be treated as fees for purposes of subsection (c)(2).	fees, regulations, established, secretary, carbon	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(d)		fees, regulations, established, secretary, carbon	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(d)		treatment, alternative, policies, fees, regulations, established, secretary, foreign, emissions, treated, purposes	[SEC. 3.(a)(1)] SEC. 4695.(d)	TREATMENT OF ALTERNATIVE POLICIES AS FEES.—Under regulations established by the Secretary, foreign policies that have substantially the same effect in reducing emissions of greenhouse gases as fees shall be treated as fees for purposes of subsections (b) and (c).
[TITLE I SEC. 101.(a)] SEC. 4695.(e)	REGULATORY AUTHORITY.—			
[TITLE I SEC. 101.(a)] SEC. 4695.(e)(1)	IN GENERAL.—The Secretary shall consult with the Administrator of the Environmental Protection Agency, the Secretary of Energy, the Secretary of Commerce, and the United States Trade Representative, in establishing rules and regulations implementing the purposes of this section.	secretary, administrator, energy, commerce, trade		any manufactured product which the Secretary, in consultation with the Administrator, the Secretary of Commerce, and the Secretary of Energy, determines is energy-intensive and trade-exposed (with the exception of any covered fuel). (4) COVERED ENTITY.—The term ‘covered entity’ means—
[TITLE I SEC. 101.(a)] SEC. 4695.(e)(1)		secretary, consult, administrator, energy, commerce, establishing, rules, regulations, implementing, purposes	[SEC. 3.(a)(1)] SEC. 4695.(e)(1)	IN GENERAL.—The Secretary shall consult with the Administrator, the Secretary of Commerce, and the Secretary of Energy in establishing rules and regulations implementing the purposes of this section.
[TITLE I SEC. 101.(a)] SEC. 4695.(e)(1)		secretary, administrator, environmental, protection, agency	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4695.(e)(1)		secretary, administrator, environmental, protection, agency	SEC. 7.(c)(3)	as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry.
[TITLE I SEC. 101.(a)] SEC. 4695.(e)(1)		secretary, administrator, environmental, protection, agency	SEC. 7.(d)(4)	other activities as the Secretary, in coordination with the Secretary of Labor, the Administrator of the Federal Emergency Management Agency, and the Administrator of the Environmental Protection Agency, determines to be appropriate.
[TITLE I SEC. 101.(a)] SEC. 4695.(e)(1)		administrator, environmental, protection, agency, commerce	SEC. 9.(a)	IN GENERAL.—The Chair of the Council on Environmental Quality, in consultation with the Secretaries of Agriculture, Commerce, and the Interior, the Chief of Engineers, and the Administrator of the Environmental Protection Agency, shall—
[TITLE I SEC. 101.(a)] SEC. 4695.(e)(2)	TREATIES.—The Secretary, in consultation with the Secretary of State, may adjust the applicable amounts of the refunds and equivalency fees under this section in a manner that is consistent with any obligations of the United States under an international agreement, provided that any such adjustment does not undermine the purpose of this section to prevent carbon leakage to foreign countries or result in harm to domestic manufacturers.	secretary, fees, united, states, carbon	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(e)(2)		secretary, equivalency, fees, united, states, carbon	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4695.(e)(2)		treaties, secretary, consultation, state, adjust, applicable, amounts, refunds, equivalency, fees, manner, consistent, obligations, united, states, international, agreement	[SEC. 3.(a)(1)] SEC. 4695.(e)(2)	TREATIES.—The Secretary, in consultation with the Secretary of State, may adjust the applicable amounts of the refunds and equivalency fees under this section in a manner that is consistent with any obligations of the United States under an international agreement.’’.
[TITLE I SEC. 101.(a)] SEC. 4696.	DEFINITIONS AND OTHER RULES.			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)	DEFINITIONS.—For purposes of this subchapter:			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(1)	ASSOCIATED EMISSIONS.—The term ‘associated emissions’ means greenhouse gas emissions attributable to venting, flaring, and leakage across the supply chain or any other incidental process.			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(2)	CARBON DIOXIDE EQUIVALENT.—			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(2)(A)	IN GENERAL.—Subject to subparagraph (B), the term ‘carbon dioxide equivalent’ means, with respect to a greenhouse gas, the quantity of such gas that has a global warming potential equivalent to 1 metric ton of carbon dioxide, as determined pursuant to table A–1 of subpart A of part 98 of title 40, Code of Federal Regulations, as in effect on the date of the enactment of the Save Our Future Act.	term, carbon, dioxide, equivalent, greenhouse, gas, global, warming, potential, metric, ton		CARBON DIOXIDE EQUIVALENT OR CO2E.—The term ‘carbon dioxide equivalent’ or ‘CO2-e’ means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas. (3) CARBON-INTENSIVE PRODUCT.—The term ‘carbon-intensive product’ means—
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(2)(A)		subparagraph, respect, greenhouse, gas, determined		METHODOLOGY.—With respect to any year, the annual greenhouse gas emissions and cumulative emissions described in subparagraph (A) or (B) shall be determined using the methodology required under subsection (e)(4). (e) EMISSIONS TARGETS.—
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(2)(A)		subparagraph, respect, greenhouse, gas, determined	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(2)(B)	EXCEPTION.—In the case of methane, the term ‘carbon dioxide equivalent’ means the quantity of methane that has the same global warming potential over a 20-year period as 1 metric ton of carbon dioxide, as determined in accordance with the Fourth Assessment Report of the Intergovernmental Panel on Climate Change.	term, carbon, dioxide, equivalent, global, warming, potential, period, metric, ton		CARBON DIOXIDE EQUIVALENT OR CO2E.—The term ‘carbon dioxide equivalent’ or ‘CO2-e’ means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas. (3) CARBON-INTENSIVE PRODUCT.—The term ‘carbon-intensive product’ means—
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(2)(B)		case, methane, carbon, dioxide, metric, determined		in the case of any noncovered fuel emissions, the entity which is the source of such emissions, provided that the total amount of carbon dioxide or methane emitted by such entity for the preceding year (as determined using the methodology required under section 4692(e)(4)) was not less than 25,000 metric tons, and (E) any entity or class of entities which, as determined by the Secretary, is transporting, selling, or otherwise using a covered fuel in a manner which emits a greenhouse gas into the atmosphere and which has not been covered by the carbon fee, the fee on noncovered fuel emissions, or the carbon border fee adjustment.
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(3)	COAL.—The term ‘coal’ has the same meaning given such term under section 48A(c)(4).			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(4)	ENERGY-INTENSIVE MANUFACTURED GOOD.—			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(4)(A)	IN GENERAL.—The term ‘energy-intensive manufactured good’ means any manufactured good (other than any petroleum product or fossil fuel) for which not less than 5 percent of the cost of which is attributable to energy costs, as determined by the Secretary.	energy, intensive, manufactured, product, fuel, secretary		any manufactured product which the Secretary, in consultation with the Administrator, the Secretary of Commerce, and the Secretary of Energy, determines is energy-intensive and trade-exposed (with the exception of any covered fuel). (4) COVERED ENTITY.—The term ‘covered entity’ means—
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(4)(A)		intensive, product, cost, attributable, determined, secretary	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(4)(A)		intensive, product, cost, attributable, determined, secretary	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(4)(A)		intensive, fossil, fuel, determined, secretary	SEC. 7.(c)(3)	as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry.
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(4)(B)	LIST OF ENERGY-INTENSIVE MANUFACTURED GOODS.—			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(4)(B)(i)	INITIAL LIST.—Not later than 180 days after the date of the enactment of this Act, the Secretary shall publish a list of goods which qualify as energy-intensive manufactured goods.			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(4)(B)(ii)	UPDATES.—Not less frequently than annually, the Secretary shall update the list published under this subparagraph.			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(5)	GREENHOUSE GAS.—The term ‘greenhouse gas’ has the meaning given such term under section 211(o)(1)(G) of the Clean Air Act, as in effect on the date of the enactment of the Save Our Future Act.			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(6)	NATURAL GAS.—The term ‘natural gas’ means—			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(6)(A)	any product described in section 613A(e)(2), and			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(6)(B)	any natural gas liquids produced during natural gas extraction, including ethane, propane, normal butane, isobutene, pentanes, and other hydrocarbons.			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(7)	PETROLEUM PRODUCT.—The term ‘petroleum product’ has the same meaning given such product under section 4612(a)(3) and shall include any natural gas liquids produced during crude oil extraction, including ethane, propane, normal butane, isobutene, pentanes, and other hydrocarbons.	product, term, natural, gas, crude, oil		COVERED FUEL.—The term ‘covered fuel’ means crude oil, natural gas, coal, or any other product derived from crude oil, natural gas, or coal which shall be used so as to emit greenhouse gases to the atmosphere. (6) GREENHOUSE GAS.—The term ‘greenhouse gas’—
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(8)	SINGLE-USE PLASTIC PRODUCT.—The term ‘single-use plastic product’ means any plastic product that is routinely disposed of after a single use (including plastic packaging, film, cups, cutlery, straws, and bags), unless such product is designed to be used solely for medical purposes.			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(9)	SUPPLY CHAIN.—The term ‘supply chain’ means extraction and processing of coal and natural gas, extraction and refining of petroleum products, and the transmission, transport, storage, distribution, import, export, and other activities related to supplying coal, petroleum products, and natural gas to a consumer, not otherwise covered elsewhere in this subchapter as determined by the Administrator of the Environmental Protection Agency.	term, administrator, environmental, protection, agency		ADMINISTRATOR.—The term ‘Administrator’ means the Administrator of the Environmental Protection Agency. (2) CARBON DIOXIDE EQUIVALENT OR CO2E.—The term ‘carbon dioxide equivalent’ or ‘CO2-e’ means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas.
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(9)		term, coal, natural, gas, covered		COVERED FUEL.—The term ‘covered fuel’ means crude oil, natural gas, coal, or any other product derived from crude oil, natural gas, or coal which shall be used so as to emit greenhouse gases to the atmosphere. (6) GREENHOUSE GAS.—The term ‘greenhouse gas’—
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(9)		gas, administrator, environmental, protection, agency	SEC. 6.(c)(1)	IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2).
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(9)		natural, related, determined, administrator, agency	SEC. 7.(c)(2)	as determined by the Secretary, in consultation with the Administrator of the Federal Emergency Management Agency, has been or is at risk of being impacted by extreme weather events, sea level rise, and natural disasters related to climate change; or
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(9)		determined, administrator, environmental, protection, agency	SEC. 7.(c)(3)	as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry.
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(9)		activities, administrator, environmental, protection, agency	SEC. 7.(d)(4)	other activities as the Secretary, in coordination with the Secretary of Labor, the Administrator of the Federal Emergency Management Agency, and the Administrator of the Environmental Protection Agency, determines to be appropriate.
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(10)	TON.—			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(10)(A)	IN GENERAL.—The term ‘ton’ means 1,000 kilograms. In the case of any greenhouse gas which is a gas, the term ‘ton’ means the amount of such gas in cubic meters which is the equivalent of 1,000 kilograms on a molecular weight basis.	term, ton, greenhouse, gas, equivalent		CARBON DIOXIDE EQUIVALENT OR CO2E.—The term ‘carbon dioxide equivalent’ or ‘CO2-e’ means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas. (3) CARBON-INTENSIVE PRODUCT.—The term ‘carbon-intensive product’ means—
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(10)(B)	FRACTIONAL PART OF TON.—In the case of a fraction of a ton, any fee imposed by this subchapter on such fraction shall be the same fraction of the amount of such fee imposed on a whole ton.			
[TITLE I SEC. 101.(a)] SEC. 4696.(a)(11)	UNITED STATES.—The term ‘United States’ has the meaning given such term by section 4612(a)(4).			
[TITLE I SEC. 101.(a)] SEC. 4696.(b)	OTHER RULES.—			
[TITLE I SEC. 101.(a)] SEC. 4696.(b)(1)	ASSESSMENT AND COLLECTION.—Payment of the fee imposed by sections 4691, 4692, and 4693 shall be assessed and collected in the same manner as taxes under this subtitle.			
[TITLE I SEC. 101.(a)] SEC. 4696.(b)(2)	REGULATIONS.—The Secretary shall prescribe such regulations as may be necessary to carry out the provisions of this subchapter.’’.	regulations, secretary, prescribe, necessary, carry	SEC. 5.(h)	REGULATIONS.—The Secretary shall prescribe such regulations, and other guidance, as may be necessary to carry out the purposes of this section, including—
TITLE I SEC. 101.(b)	CLERICAL AMENDMENT.—The table of subchapters for chapter 38 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:	internal, revenue, code, amended, adding, new	SEC. 3.(a)	IN GENERAL.—Chapter 38 of subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new subchapter: ‘‘Subchapter E—Carbon Fee
TITLE I SEC. 101.(b)		internal, revenue, code, amended, adding	SEC. 4.(a)	IN GENERAL.—Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following:
TITLE I SEC. 101.(b)		clerical, amendment, table, internal, revenue, code, amended, adding, new	SEC. 4.(b)	CLERICAL AMENDMENT.—The table of sections for subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:
TITLE I SEC. 101.(b)		internal, revenue, code, amended, adding, new	SEC. 5.(g)	DISCLOSURE OF RETURN INFORMATION.—Section 6103(l) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
TITLE I SEC. 101.(c)	EFFECTIVE DATE.—The amendments made by this section shall apply to periods beginning after December 31, 2022.	effective, apply, periods, beginning, december	SEC. 3.(b)	EFFECTIVE DATE.—The amendment made by this section shall apply to periods beginning after December 31, 2022.
TITLE I SEC. 102.	FEES ON CRITERIA AIR POLLUTANTS.			
TITLE I SEC. 102.(a)	DEFINITIONS.—In this section:			
TITLE I SEC. 102.(a)(1)	ADMINISTRATOR.—The term ‘‘Administrator’’ means Administrator of the Environmental Protection Agency.	administrator, term, environmental, protection, agency		ADMINISTRATOR.—The term ‘Administrator’ means the Administrator of the Environmental Protection Agency. (2) CARBON DIOXIDE EQUIVALENT OR CO2E.—The term ‘carbon dioxide equivalent’ or ‘CO2-e’ means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas.
TITLE I SEC. 102.(a)(2)	COMMUNITY OF COLOR.—The term ‘‘community of color’’ means a census tract in which the population of any of the following categories of individuals is higher than the average population of that category for the State in which the census tract is located, or in which the cumulative population of 2 or more of the following categories is higher than the State average population of those 2 or more categories:	community, term, population, categories, individuals, average, category, state, located	SEC. 2.(e)(1)(A)	COMMUNITY OF COLOR.—The term ‘‘community of color’’ means a geographically distinct area in which the population of any of the following categories of individuals is higher than the average population of that category for the State in which the community is located:
TITLE I SEC. 102.(a)(2)		community, term, census, population, individuals	SEC. 2.(e)(1)(G)	LOW-INCOME COMMUNITY.—The term ‘‘low-income community’’ means any census block group in which 30 percent or more of the population are individuals with an annual household income equal to, or less than, the greater of—
TITLE I SEC. 102.(a)(2)(A)	Black.			
TITLE I SEC. 102.(a)(2)(B)	African American.			
TITLE I SEC. 102.(a)(2)(C)	Asian.			
TITLE I SEC. 102.(a)(2)(D)	Native American.			
TITLE I SEC. 102.(a)(2)(E)	Other non-White race.			
TITLE I SEC. 102.(a)(2)(F)	Hispanic.			
TITLE I SEC. 102.(a)(2)(G)	Latino.			
TITLE I SEC. 102.(a)(2)(H)	Linguistically isolated.			
TITLE I SEC. 102.(a)(3)	CRITERIA AIR POLLUTANT.—The term ‘‘criteria air pollutant’’ is within the meaning of the Clean Air Act (42 U.S.C. 7401 et seq.).			
TITLE I SEC. 102.(a)(4)	ENVIRONMENTAL JUSTICE COMMUNITY.— The term ‘‘environmental justice community’’ means—			
TITLE I SEC. 102.(a)(4)(A)	a community of color;			
TITLE I SEC. 102.(a)(4)(B)	a low-income community; and			
TITLE I SEC. 102.(a)(4)(C)	a Tribal or indigenous community.			
TITLE I SEC. 102.(a)(5)	INDIAN TRIBE.—The term ‘‘Indian Tribe’’ has the meaning given the term in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304).	indian, tribe, term, meaning, determination, education, assistance, act, u.s.c	SEC. 2.(e)(1)(F)	INDIAN TRIBE.—The term ‘‘Indian Tribe’’ has the meaning given the term in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304).
TITLE I SEC. 102.(a)(5)		indian, determination, education, assistance, act, u.s.c	SEC. 5.(i)	PUBLIC AWARENESS CAMPAIGN.—The Secretary shall conduct a public awareness campaign, in coordination with the Commissioner of Social Security, the heads of other relevant Federal agencies, and Indian Tribes (as defined in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304)), to provide information to the public regarding the availability of carbon fee rebate payments under this section.
TITLE I SEC. 102.(a)(5)		indian, tribe, term, meaning, determination, education, assistance, act, u.s.c	SEC. 7.(a)(1)	INDIAN TRIBE.—The term ‘‘Indian Tribe’’ has the meaning given the term in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304).
TITLE I SEC. 102.(a)(5)		term, meaning, education, act, u.s.c	SEC. 7.(a)(3)	INSTITUTION OF HIGHER EDUCATION.—The term ‘‘institution of higher education’’ has the meaning given the term in section 101 of the Higher Education Act of 1965 (20 U.S.C. 1001).
TITLE I SEC. 102.(a)(6)	LOW-INCOME COMMUNITY.—The term ‘‘lowincome community’’ means a census tract in which—			
TITLE I SEC. 102.(a)(6)(A)	the poverty rate is at least 20 percent; or			
TITLE I SEC. 102.(a)(6)(B)	the median family income does not exceed—			
TITLE I SEC. 102.(a)(6)(B)(i)	if the census tract is not located within a metropolitan area, 80 percent of the statewide median income; or			
TITLE I SEC. 102.(a)(6)(B)(ii)	if the census tract is located within a metropolitan area, 80 percent of the greater of—			
TITLE I SEC. 102.(a)(6)(B)(ii)(I)	the statewide median income; and			
TITLE I SEC. 102.(a)(6)(B)(ii)(II)	the median income of the metropolitan area.			
TITLE I SEC. 102.(a)(7)	MAJOR SOURCE.—The term ‘‘major source’’ has the meaning given the term in section 501 of the Clean Air Act (42 U.S.C. 7661).			
TITLE I SEC. 102.(a)(8)	NATIVE AMERICAN.—The term ‘‘Native American’’ means—			
TITLE I SEC. 102.(a)(8)(A)	an Indian (as defined in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304));	indian, determination, education, assistance, act, u.s.c	SEC. 2.(e)(1)(F)	INDIAN TRIBE.—The term ‘‘Indian Tribe’’ has the meaning given the term in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304).
TITLE I SEC. 102.(a)(8)(A)		indian, defined, determination, education, assistance, act, u.s.c	SEC. 5.(i)	PUBLIC AWARENESS CAMPAIGN.—The Secretary shall conduct a public awareness campaign, in coordination with the Commissioner of Social Security, the heads of other relevant Federal agencies, and Indian Tribes (as defined in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304)), to provide information to the public regarding the availability of carbon fee rebate payments under this section.
TITLE I SEC. 102.(a)(8)(A)		indian, determination, education, assistance, act, u.s.c	SEC. 7.(a)(1)	INDIAN TRIBE.—The term ‘‘Indian Tribe’’ has the meaning given the term in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304).
TITLE I SEC. 102.(a)(8)(B)	a native Hawaiian (as defined in section 201(a) of the Hawaiian Homes Commission Act, 1920 (42 Stat. 108, chapter 42));			
TITLE I SEC. 102.(a)(8)(C)	a Native (as defined in section 3 of the Alaska Native Claims Settlement Act (43 U.S.C. 1602)); and			
TITLE I SEC. 102.(a)(8)(D)	a Native American Pacific Islander (as defined in section 815 of the Native American Programs Act of 1974 (42 U.S.C. 2992c)).			
TITLE I SEC. 102.(a)(9)	SECRETARY.—The term ‘‘Secretary’’ means the Secretary of the Treasury.			
TITLE I SEC. 102.(a)(10)	TRIBAL OR INDIGENOUS COMMUNITY.— The term ‘‘Tribal or indigenous community’’ refers to a population of individuals who are members of—			
TITLE I SEC. 102.(a)(10)(A)	an Indian Tribe;			
TITLE I SEC. 102.(a)(10)(B)	an Alaska Native or Native Hawaiian community or organization; or			
TITLE I SEC. 102.(a)(10)(C)	any other community of indigenous people located in a State.			
TITLE I SEC. 102.(b)	MONITORING REQUIREMENT.—Beginning on January 1, 2023, the owner or operator of each major source shall ensure that the major source has continuous emission monitoring systems installed that are capable of volumetric monitoring of all emissions of criteria air pollutants from smoke stacks and exhaust outlets of the major source.			
TITLE I SEC. 102.(c)	REPORTING REQUIREMENT.—			
TITLE I SEC. 102.(c)(1)	MAJOR SOURCES.—			
TITLE I SEC. 102.(c)(1)(A)	IN GENERAL.—The owner or operator of each major source shall submit to the Administrator on a monthly basis all data collected by the continuous emission monitoring system for that major source required under subsection (b) with respect to each criteria air pollutant.			
TITLE I SEC. 102.(c)(1)(B)	CERTIFICATION.—When submitting data under subparagraph (A), the owner or operator shall certify to the Administrator that the data being submitted are correct.			
TITLE I SEC. 102.(c)(1)(C)	CIVIL PENALTY.—			
TITLE I SEC. 102.(c)(1)(C)(i)	FAILURE TO REPORT.—An owner or operator that is required to submit data under subparagraph (A) for a month that fails to do so by the 5th day of the month after the month for which data are required to be submitted shall be assessed a fine of $20,000 for each day until the required data are submitted.			
TITLE I SEC. 102.(c)(1)(C)(ii)	FALSE DATA.—An owner or operator that is required to submit data under subparagraph (A) for a month that knowingly submits to the Administrator false data shall be assessed a fine of $10,000,000.			
TITLE I SEC. 102.(c)(2)	PUBLIC AVAILABILITY.—Not later than 30 days after the date on which the Administrator receives data submitted under paragraph (1), the Administrator shall make the data publicly available on a website of the Administrator.			
TITLE I SEC. 102.(c)(3)	TRANSFER OF DATA.—The Administrator shall transfer the data submitted under paragraph (1) to the Secretary for the purpose of carrying out subsection (d).			
	to the Secretary for the purpose of carrying out subsection (d).			
TITLE I SEC. 102.(d)	ANNUAL EMISSIONS FEE.—			
TITLE I SEC. 102.(d)(1)	IN GENERAL.—Beginning in calendar year 2024, the Secretary shall assess from the owner or operator of each major source within an environmental justice community or within 1 mile of an environmental justice community an annual emissions fee.			
TITLE I SEC. 102.(d)(2)	FEE AMOUNT.—Subject to paragraph (3), the annual emissions fee for a major source under paragraph (1) shall be in an amount equal to the sum of—			
TITLE I SEC. 102.(d)(2)(A)	the amount obtained by multiplying—			
TITLE I SEC. 102.(d)(2)(A)(i)	the quantity, in pounds, of oxides of nitrogen emitted by the major source during the previous calendar year, as determined using the data submitted to the Administrator under subsection (c); and			
TITLE I SEC. 102.(d)(2)(A)(ii)	$6.30;			
TITLE I SEC. 102.(d)(2)(B)	the amount obtained by multiplying—			
TITLE I SEC. 102.(d)(2)(B)(i)	the quantity, in pounds, of PM2.5 emitted by the major source during the previous calendar year, as determined using the data submitted to the Administrator under subsection (c); and			
TITLE I SEC. 102.(d)(2)(B)(ii)	$38.90; and			
TITLE I SEC. 102.(d)(2)(C)	the amount obtained by multiplying—			
TITLE I SEC. 102.(d)(2)(C)(i)	the quantity, in pounds, of sulfur dioxide emitted by the major source during the previous calendar year, as determined using the data submitted to the Administrator under subsection (c); and			
TITLE I SEC. 102.(d)(2)(C)(ii)	$18.00.			
TITLE I SEC. 102.(d)(3)	INFLATION ADJUSTMENT.—Beginning in calendar year 2025 and for each calendar year thereafter, the Secretary shall adjust the amounts described in subparagraphs (A)(ii), (B)(ii), and (C)(ii) of paragraph (2) to reflect changes for the 12-month period ending the preceding November 30 in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.			
	(ii) of paragraph (2) to reflect changes for the 12-month period ending the preceding November 30 in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.			
TITLE I SEC. 102.(e)	REPORT.—Not later than January 1, 2028, the Secretary, in conjunction with the Administrator, shall submit to Congress and make public a report that assesses the effect of this Act, and the amendments made by this Act, on—			
TITLE I SEC. 102.(e)(1)	greenhouse gas emissions;			
TITLE I SEC. 102.(e)(2)	emissions of criteria air pollutants; and			
TITLE I SEC. 102.(e)(3)	public health, with a particular emphasis on evaluating the effects on air quality in environmental justice communities.	health, effects, environmental, justice, communities	SEC. 2.(e)(1)(E)	ENVIRONMENTAL JUSTICE COMMUNITY.—The term ‘‘environmental justice community’’ means a community with significant representation of communities of color, low-income communities, or Tribal and indigenous communities that experiences, or is at risk of experiencing, higher or more adverse human health or environmental effects.
TITLE II	—RETURNING FEE REVENUE TO THE AMERICAN PEOPLE			
TITLE II SEC. 201.	FEE REVENUE REBATES TO INDIVIDUALS.			
TITLE II SEC. 201.(a)	IN GENERAL.—Subchapter B of chapter 65 of the Internal Revenue Code of 1986 is amended by inserting after section 6428B the following new section:	internal, revenue, code, amended, new	SEC. 3.(a)	IN GENERAL.—Chapter 38 of subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new subchapter: ‘‘Subchapter E—Carbon Fee
TITLE II SEC. 201.(a)		internal, revenue, code, amended, new	SEC. 4.(b)	CLERICAL AMENDMENT.—The table of sections for subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:
TITLE II SEC. 201.(a)		internal, revenue, code, amended, new	SEC. 5.(g)	DISCLOSURE OF RETURN INFORMATION.—Section 6103(l) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
[TITLE II SEC. 201.(a)] SEC. 6428	C. FEE REVENUE REBATES TO INDIVIDUALS.			
[TITLE II SEC. 201.(a)] SEC. 6428(a)	IN GENERAL.—In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by subtitle A for the taxable year an amount equal to the rebate amount determined for such taxable year.	case, imposed, amount, equal, determined	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
[TITLE II SEC. 201.(a)] SEC. 6428(a)		case, imposed, amount, equal, determined	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
[TITLE II SEC. 201.(a)] SEC. 6428(a)		eligible, individual, amount, equal, rebate	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
[TITLE II SEC. 201.(a)] SEC. 6428(a)		case, taxable, amount, equal, rebate, determined	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE II SEC. 201.(a)] SEC. 6428(b)	REBATE AMOUNT.—For purposes of this section, the term ‘rebate amount’ means, with respect to any taxpayer for any taxable year, the sum of—			
[TITLE II SEC. 201.(a)] SEC. 6428(b)(1)	$800 ($1,600 in the case of a joint return), plus			
[TITLE II SEC. 201.(a)] SEC. 6428(b)(2)	$300 multiplied by the number of dependents of the taxpayer for such taxable year.			
[TITLE II SEC. 201.(a)] SEC. 6428(c)	ELIGIBLE INDIVIDUAL.—For purposes of this section, the term ‘eligible individual’ means any individual other than—			
[TITLE II SEC. 201.(a)] SEC. 6428(c)(1)	any nonresident alien individual,			
[TITLE II SEC. 201.(a)] SEC. 6428(c)(2)	any individual who is a dependent of another taxpayer for a taxable year beginning in the calendar year in which the individual’s taxable year begins, and			
[TITLE II SEC. 201.(a)] SEC. 6428(c)(3)	an estate or trust.			
[TITLE II SEC. 201.(a)] SEC. 6428(d)	LIMITATION BASED ON ADJUSTED GROSS INCOME.—			
[TITLE II SEC. 201.(a)] SEC. 6428(d)(1)	IN GENERAL.—The amount of the credit allowed by subsection (a) (determined without regard to this subsection and subsection (f)) shall be reduced (but not below zero) by the amount which bears the same ratio to such credit (as so determined) as—			
[TITLE II SEC. 201.(a)] SEC. 6428(d)(1)(A)	the excess of—			
[TITLE II SEC. 201.(a)] SEC. 6428(d)(1)(A)(i)	the taxpayer’s adjusted gross income for such taxable year, over			
[TITLE II SEC. 201.(a)] SEC. 6428(d)(1)(A)(ii)	$75,000, bears to			
[TITLE II SEC. 201.(a)] SEC. 6428(d)(1)(B)	$5,000.			
[TITLE II SEC. 201.(a)] SEC. 6428(d)(2)	SPECIAL RULES.—			
[TITLE II SEC. 201.(a)] SEC. 6428(d)(2)(A)	JOINT RETURN OR SURVIVING SPOUSE.—In the case of a joint return or a surviving spouse (as defined in section 2(a)), paragraph (1) shall be applied by substituting ‘$150,000’ for ‘$75,000’ and ‘$10,000’ for ‘$5,000’.			
[TITLE II SEC. 201.(a)] SEC. 6428(d)(2)(B)	HEAD OF HOUSEHOLD.—In the case of a head of household (as defined in section 2(b)), paragraph (1) shall be applied by substituting ‘$112,500’ for ‘$75,000’ and ‘$7,500’ for ‘$5,000’.			
[TITLE II SEC. 201.(a)] SEC. 6428(e)	DEFINITIONS AND SPECIAL RULES.—			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(1)	DEPENDENT DEFINED.—For purposes of this section, the term ‘dependent’ has the meaning given such term by section 152.			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)	IDENTIFICATION NUMBER REQUIREMENT.—			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)(A)	IN GENERAL.—In the case of a return other than a joint return, the $800 amount in subsection (b)(1) shall be treated as being zero unless the taxpayer includes the valid identification number of the taxpayer on the return of tax for the taxable year.	case, return, amount, zero, taxpayer, taxable	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)(B)	JOINT RETURNS.—In the case of a joint return, the $1,600 amount in subsection (b)(1) shall be treated as being—			
	(1) shall be treated as being—			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)(B)(i)	$800 if the valid identification number of only 1 spouse is included on the return of tax for the taxable year, and			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)(B)(ii)	zero if the valid identification number of neither spouse is so included.			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)(C)	DEPENDENTS.—A dependent shall not be taken into account under subsection (b)(2) unless the valid identification number of such dependent is included on the return of tax for the taxable year.			
	(2) unless the valid identification number of such dependent is included on the return of tax for the taxable year.			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)(D)	VALID IDENTIFICATION NUMBER.—			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)(D)(i)	IN GENERAL.—For purposes of this paragraph, the term ‘valid identification number’ means a social security number issued to an individual by the Social Security Administration on or before the due date for filing the return for the taxable year.	valid, identification, number, social, security	SEC. 5.(a)(1)(A)	who has a valid Social Security number or taxpayer identification number,
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)(D)(ii)	ADOPTION TAXPAYER IDENTIFICATION NUMBER.—For purposes of subparagraph (C), in the case of a dependent who is adopted or placed for adoption, the term ‘valid identification number’ shall include the adoption taxpayer identification number of such dependent.			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)(E)	SPECIAL RULE FOR MEMBERS OF THE ARMED FORCES.—Subparagraph (B) shall not apply in the case where at least 1 spouse was a member of the Armed Forces of the United States at any time during the taxable year and the valid identification number of at least 1 spouse is included on the return of tax for the taxable year.			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)(F)	COORDINATION WITH CERTAIN ADVANCE PAYMENTS.—In the case of any payment determined pursuant to subsection (g)(6), a valid identification number shall be treated for purposes of this paragraph as included on the taxpayer’s return of tax if such valid identification number is available to the Secretary as described in such subsection.	payments, case, payment, determined, return	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE II SEC. 201.(a)] SEC. 6428(e)(2)(G)	MATHEMATICAL OR CLERICAL ERROR AUTHORITY.—Any omission of a correct valid identification number required under this paragraph shall be treated as a mathematical or clerical error for purposes of applying section 6213(g)(2) to such omission.			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(3)	CREDIT TREATED AS REFUNDABLE.—The credit allowed by subsection (a) shall be treated as allowed by subpart C of part IV of subchapter A of chapter 1.			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(4)	INFLATION ADJUSTMENT.—			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(4)(A)	IN GENERAL.—In the case of a taxable year beginning after 2023, the dollar amounts in subsection (b) and (d) shall each be increased by an amount equal to—	case, taxable, dollar, amount, equal	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE II SEC. 201.(a)] SEC. 6428(e)(4)(A)(i)	such dollar amount, multiplied by			
[TITLE II SEC. 201.(a)] SEC. 6428(e)(4)(A)(ii)	the cost-of-living adjustment determined under section 1(f)(3) for the calendar year, determined by substituting ‘calendar year 2022’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof.	cost, adjustment, determined, calendar, substituting, subparagraph, thereof	[SEC. 3.(a)] SEC. 4692.(d)(2)(A)(ii)	the cost-of-living adjustment determined under section 1(f)(3) for that calendar year, determined by substituting ‘2022’ for ‘2016’ in subparagraph (A)(ii) thereof.
[TITLE II SEC. 201.(a)] SEC. 6428(e)(4)(B)	ROUNDING.—If any amount as increased under subparagraph (A) is not a multiple of $1, such amount shall be rounded to the nearest whole dollar amount.	rounding, amount, subparagraph, multiple, rounded, dollar	[SEC. 3.(a)] SEC. 4692.(d)(2)(B)	ROUNDING.—If any increase determined under subparagraph (A) is not a multiple of $1, such increase shall be rounded up to the next whole dollar amount.
[TITLE II SEC. 201.(a)] SEC. 6428(f)	COORDINATION WITH ADVANCE REFUNDS OF CREDIT.—			
[TITLE II SEC. 201.(a)] SEC. 6428(f)(1)	REDUCTION OF REFUNDABLE CREDIT.— The amount of the credit which would (but for this paragraph) be allowable under subsection (a) shall be reduced (but not below zero) by the aggregate refunds and credits made or allowed to the taxpayer (or, except as otherwise provided by the Secretary, any dependent of the taxpayer) under subsection (g). Any failure to so reduce the credit shall be treated as arising out of a mathematical or clerical error and assessed according to section 6213(b)(1).	amount, reduced, zero, taxpayer, otherwise	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE II SEC. 201.(a)] SEC. 6428(f)(2)	JOINT RETURNS.—Except as otherwise provided by the Secretary, in the case of a refund or credit made or allowed under subsection (g) with respect to a joint return, half of such refund or credit shall be treated as having been made or allowed to each individual filing such return.			
[TITLE II SEC. 201.(a)] SEC. 6428(g)	ADVANCE REFUNDS AND CREDITS.—			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(1)	IN GENERAL.—Subject to paragraphs (5) and (6), each individual who was an eligible individual for such individual’s first taxable year beginning in the calendar year which began 2 years prior to the beginning of the taxable year described in subsection (a) shall be treated as having made a payment against the tax imposed by chapter 1 for such taxable year in an amount equal to the advance refund amount for such taxable year.	beginning, calendar, years, subsection, imposed, amount	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE II SEC. 201.(a)] SEC. 6428(g)(1)		beginning, years, described, amount, equal	[SEC. 4.(a)] SEC. 9512.(c)(1)(B)	AGRICULTURAL DECARBONIZATION TRANSITION PAYMENTS.—For the purposes described in section 6 of the America’s Clean Future Fund Act, for each of the first 10 fiscal years beginning after September 30, 2023, an amount equal to 7 percent of the amount determined annually under subparagraph (A)(i)(I).
[TITLE II SEC. 201.(a)] SEC. 6428(g)(1)		subject, individual, eligible, beginning, calendar	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
[TITLE II SEC. 201.(a)] SEC. 6428(g)(1)		individual, eligible, beginning, payment, amount, equal	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
[TITLE II SEC. 201.(a)] SEC. 6428(g)(1)		individual, eligible, subsection, payment, amount	SEC. 5.(c)(2)(B)	PRO-RATA SHARE.—For purposes of this paragraph, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of the amount appropriated under subsection (j) for the fiscal year.
[TITLE II SEC. 201.(a)] SEC. 6428(g)(2)	ADVANCE REFUND AMOUNT.—			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(2)(A)	IN GENERAL.—For purposes of paragraph (1), the advance refund amount is the amount that would have been allowed as a credit under this section for such taxable year if this section (other than subsection (f) and this subsection) had applied to such taxable year.			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(2)(B)	TREATMENT OF DECEASED INDIVIDUALS.—For purposes of determining the advance refund amount with respect to such taxable year—			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(2)(B)(i)	any individual who was deceased before the beginning of the taxable year described in subsection (a) shall be treated for purposes of applying subsection (e)(2) in the same manner as if the valid identification number of such person was not included on the return of tax for such taxable year (except that subparagraph (E) thereof shall not apply),			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(2)(B)(ii)	notwithstanding clause (i), in the case of a joint return with respect to which only 1 spouse is deceased before the beginning of the taxable year described in subsection (a), such deceased spouse was a member of the Armed Forces of the United States at any time during the taxable year, and the valid identification number of such deceased spouse is included on the return of tax for the taxable year, the valid identification number of 1 (and only 1) spouse shall be treated as included on the return of tax for the taxable year for purposes of applying subsection (e)(2)(B) with respect to such joint return, and			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(2)(B)(iii)	no amount shall be determined under subsection (e)(2) with respect to any dependent of the taxpayer if the taxpayer (both spouses in the case of a joint return) was deceased before the beginning of the taxable year described in subsection (a).	amount, determined, taxpayer, case, return, taxable	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)	TIMING AND MANNER OF PAYMENTS.—			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)(A)	TIMING.—The Secretary shall, subject to the provisions of this title, refund or credit any overpayment attributable to this subsection in the manner described in subparagraph (D). No refund or credit shall be made or allowed under this subsection after the end of the taxable year described in subsection (a).			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)(B)	DELIVERY OF PAYMENTS.—Notwithstanding any other provision of law, the Secretary may certify and disburse refunds payable under this subsection electronically to—			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)(B)(i)	any account to which the payee received or authorized, on or after January 1 of the calendar year described in paragraph (1), a refund of taxes under this title or of a Federal payment (as defined in section 3332 of title 31, United States Code),			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)(B)(ii)	any account belonging to a payee from which that individual, on or after January 1 of the calendar year described in paragraph (1), made a payment of taxes under this title, or			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)(B)(iii)	any Treasury-sponsored account (as defined in section 208.2 of title 31, Code of Federal Regulations).			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)(C)	WAIVER OF CERTAIN RULES.—Notwithstanding section 3325 of title 31, United States Code, or any other provision of law, with respect to any payment of a refund under this subsection, a disbursing official in the executive branch of the United States Government may modify payment information received from an officer or employee described in section 3325(a)(1)(B) of such title for the purpose of facilitating the accurate and efficient delivery of such payment. Except in cases of fraud or reckless neglect, no liability under section 3325, 3527, 3528, or 3529 of title 31, United States Code, shall be imposed with respect to payments made under this subparagraph.	united, states, code, law, except	SEC. 2.(a)(3)	EXERCISE OF POWERS.—Except as otherwise provided expressly by law, all Federal laws dealing with public or Federal contracts, property, works, officers, employees, budgets, or funds, including the provisions of chapters 5 and 7 of title 5, United States Code, shall apply to the exercise of the powers of the C2FC.
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)(C)		united, states, code, respect, subparagraph	SEC. 2.(e)(4)(B)	AUTHORITY.—With respect to the labor standards specified in subparagraph (A), the Secretary of Labor shall have the authority and functions set forth in Reorganization Plan Numbered 14 of 1950 (64 Stat. 1267; 5 U.S.C. App.) and section 3145 of title 40, United States Code.
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)(C)		united, states, code, respect, subparagraph	SEC. 7.(e)(2)(B)	AUTHORITY.—With respect to the labor standards specified in subparagraph (A), the Secretary of Labor shall have the authority and functions set forth in Reorganization Plan Numbered 14 of 1950 (64 Stat. 1267; 5 U.S.C. App.) and section 3145 of title 40, United States Code.
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)(D)	PAYMENT SCHEDULE.—With respect to any refund payable under this subsection for any taxable year, the Secretary shall make 2 payments, each equal to 50 percent of such refund, to the payee—	payment, payable, taxable, payments, equal	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)(D)(i)	for the first payment, not later than 30 days before the beginning of such taxable year, and			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(3)(D)(ii)	for the second payment, not later than 180 days after disbursement of the payment described in clause (i).			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(4)	NO INTEREST.—No interest shall be allowed on any overpayment attributable to this subsection.			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(5)	APPLICATION TO CERTAIN INDIVIDUALS WHO HAVE NOT FILED A RECENT RETURN OF TAX AT TIME OF DETERMINATION.—			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(5)(A)	IN GENERAL.—In the case of any individual who, at the time of any determination made pursuant to paragraph (3), has filed a tax return for neither the year described in paragraph (1) nor for the subsequent year, the Secretary may apply paragraph (1) on the basis of information available to the Secretary and, on the basis of such information, may determine the advance refund amount with respect to such individual without regard to subsection (d).	case, determination, pursuant, secretary, subsection	[SEC. 3.(a)] SEC. 4692.(d)(3)(A)	INCREASE IN RATE FOLLOWING MISSED CUMULATIVE EMISSIONS TARGET.—In the case of any calendar year following a determination by the Secretary pursuant to subsection (e)(3) that the cumulative emissions for the preceding calendar year exceeded the cumulative emissions target for such year, paragraph
[TITLE II SEC. 201.(a)] SEC. 6428(g)(5)(A)		case, determination, pursuant, secretary, subsection		CESSATION OF RATE INCREASE FOLLOWING ACHIEVEMENT OF CUMULATIVE EMISSIONS TARGET.—In the case of any year following a determination by the Secretary pursuant to subsection (e)(3) that— (i) the average annual emissions of greenhouse gases from covered entities over the preceding 3-year period are not more than 10 percent of the greenhouse gas emissions during the year 2018, and
[TITLE II SEC. 201.(a)] SEC. 6428(g)(5)(A)		determination, subsequent, apply, amount, respect, subsection	[SEC. 3.(a)(1)] (i)(5)	REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer.
[TITLE II SEC. 201.(a)] SEC. 6428(g)(5)(B)	PAYMENT TO REPRESENTATIVE PAYEES AND FIDUCIARIES.—In the case of any payment determined pursuant to subparagraph (A), such payment may be made to an individual or organization serving as the eligible individual’s representative payee or fiduciary for a federal benefit program and the entire amount of such payment so made shall be used only for the benefit of the individual who is entitled to the payment.			
	, such payment may be made to an individual or organization serving as the eligible individual’s representative payee or fiduciary for a federal benefit program and the entire amount of such payment so made shall be used only for the benefit of the individual who is entitled to the payment.	payment, individual, eligible, federal, program, amount	SEC. 5.(f)	FEDERAL PROGRAMS AND FEDERAL ASSISTED PROGRAMS.—The carbon fee rebate payment received by any eligible individual shall not be taken into account as income and shall not be taken into account as resources for purposes of determining the eligibility of such individual or any other individual for benefits or assistance, or the amount or extent of benefits or assistance, under any Federal program or under any State or local program financed in whole or in part with Federal funds.
[TITLE II SEC. 201.(a)] SEC. 6428(g)(6)	SPECIAL RULE RELATED TO TIME OF FILING RETURN.—Solely for purposes of this subsection, a return of tax shall not be treated as filed until such return has been processed by the Internal Revenue Service.			
[TITLE II SEC. 201.(a)] SEC. 6428(g)(7)	NOTICE TO TAXPAYER.—As soon as practicable after the date on which the Secretary distributed any payment to an eligible taxpayer pursuant to this subsection, notice shall be sent by mail to such taxpayer’s last known address. Such notice shall indicate the method by which such payment was made, the amount of such payment, a phone number for an appropriate point of contact at the Internal Revenue Service to report any error with respect to such payment, and such other information as the Secretary determines appropriate.	secretary, eligible, known, internal, revenue	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
[TITLE II SEC. 201.(a)] SEC. 6428(g)(7)		payment, eligible, amount, internal, revenue, respect	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
[TITLE II SEC. 201.(a)] SEC. 6428(h)	REGULATIONS.—The Secretary shall prescribe such regulations or other guidance as may be necessary or appropriate to carry out the purposes of this section, including—	regulations, secretary, prescribe, guidance, necessary, carry, purposes	SEC. 5.(h)	REGULATIONS.—The Secretary shall prescribe such regulations, and other guidance, as may be necessary to carry out the purposes of this section, including—
[TITLE II SEC. 201.(a)] SEC. 6428(h)(1)	regulations or other guidance providing taxpayers the opportunity to provide the Secretary information sufficient to allow the Secretary to make payments to such taxpayers under subsection (g) (including the determination of the amount of such payment) if such information is not otherwise available to the Secretary, and			
[TITLE II SEC. 201.(a)] SEC. 6428(h)(2)	regulations or other guidance to ensure to the maximum extent administratively practicable that, in determining the amount of any credit under subsection (a) and any credit or refund under subsection (g), an individual is not taken into account more than once, including by different taxpayers and including by reason of a change in joint return status or dependent status between the taxable year for which an advance refund amount is determined and the taxable year for which a credit under subsection (a) is determined.	extent, practicable, determining, amount, determined	[SEC. 3.(a)(1)] (i)(1)(B)	METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4).
[TITLE II SEC. 201.(a)] SEC. 6428(h)(2)		extent, determining, amount, individual, account	SEC. 5.(f)	FEDERAL PROGRAMS AND FEDERAL ASSISTED PROGRAMS.—The carbon fee rebate payment received by any eligible individual shall not be taken into account as income and shall not be taken into account as resources for purposes of determining the eligibility of such individual or any other individual for benefits or assistance, or the amount or extent of benefits or assistance, under any Federal program or under any State or local program financed in whole or in part with Federal funds.
	is determined.			
[TITLE II SEC. 201.(a)] SEC. 6428(i)	OUTREACH.—The Secretary shall carry out a robust and comprehensive outreach program to ensure that all taxpayers described in subsection (h)(1) learn of their eligibility for the advance refunds and credits under subsection (g); are advised of the opportunity to receive such advance refunds and credits as provided under subsection (h)(1); and are provided assistance in applying for such advance refunds and credits. In conducting such outreach program, the Secretary shall coordinate with other government, State, and local agencies; federal partners; and community-based nonprofit organizations that regularly interface with such taxpayers.’’.	secretary, carry, program, described, subsection	SEC. 6.(b)(2)(E)	has the ability to enter into an agreement with the Secretary to carry out qualifying practices described in subsection (c)(2) under the program.
	(1); and are provided assistance in applying for such advance refunds and credits. In conducting such outreach program, the Secretary shall coordinate with other government, State, and local agencies; federal partners; and community-based nonprofit organizations that regularly interface with such taxpayers.’’.	assistance, program, state, local, federal	SEC. 5.(f)	FEDERAL PROGRAMS AND FEDERAL ASSISTED PROGRAMS.—The carbon fee rebate payment received by any eligible individual shall not be taken into account as income and shall not be taken into account as resources for purposes of determining the eligibility of such individual or any other individual for benefits or assistance, or the amount or extent of benefits or assistance, under any Federal program or under any State or local program financed in whole or in part with Federal funds.
		government, state, local, community, nonprofit	SEC. 7.(c)	ELIGIBLE ENTITIES.—An entity eligible to receive a grant under this section is a labor organization, an institution of higher education, a unit of State or local government, an Indian Tribe, an economic development organization, a nonprofit organization, community-based organization, or intermediary, or a State board or local board that serves or is located in a community that—
TITLE II SEC. 201.(b)	TREATMENT OF CERTAIN POSSESSIONS.—			
TITLE II SEC. 201.(b)(1)	PAYMENTS TO POSSESSIONS WITH MIRROR CODE TAX SYSTEMS.—The Secretary of the Treasury shall pay to each possession of the United States which has a mirror code tax system amounts equal to the loss (if any) to that possession by reason of the amendments made by this section. Such amounts shall be determined by the Secretary of the Treasury based on information provided by the government of the respective possession.	code, secretary, united, states, determined	SEC. 2.(e)(4)(A)	IN GENERAL.—All laborers and mechanics employed by eligible entities and eligible borrowers on projects funded directly by or assisted in whole or in part by the activities of the C2FC under this section shall be paid at wages at rates not less than those prevailing on projects of a similar character in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of title 40, United States Code (commonly known as the ‘‘Davis-Bacon Act’’).
TITLE II SEC. 201.(b)(1)		secretary, united, states, equal, determined	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
TITLE II SEC. 201.(b)(1)		secretary, united, states, equal, determined	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
TITLE II SEC. 201.(b)(1)		code, secretary, united, states, determined	SEC. 7.(e)(2)(A)	IN GENERAL.—All laborers and mechanics employed by eligible entities to carry out projects and activities funded directly by or assisted in whole or in part by a grant under this section shall be paid at wages at rates not less than those prevailing on projects of a similar character in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of title 40, United States Code (commonly known as the ‘‘DavisBacon Act’’).
TITLE II SEC. 201.(b)(2)	PAYMENTS TO OTHER POSSESSIONS.—The Secretary of the Treasury shall pay to each possession of the United States which does not have a mirror code tax system amounts estimated by the Secretary of the Treasury as being equal to the aggregate benefits (if any) that would have been provided to residents of such possession by reason of the amendments made by this section if a mirror code tax system had been in effect in such possession. The preceding sentence shall not apply unless the respective possession has a plan, which has been approved by the Secretary of the Treasury, under which such possession will promptly distribute such payments to its residents.	secretary, united, states, code, plan	SEC. 2.(e)(4)(B)	AUTHORITY.—With respect to the labor standards specified in subparagraph (A), the Secretary of Labor shall have the authority and functions set forth in Reorganization Plan Numbered 14 of 1950 (64 Stat. 1267; 5 U.S.C. App.) and section 3145 of title 40, United States Code.
TITLE II SEC. 201.(b)(2)		secretary, united, states, code, plan	SEC. 7.(e)(2)(B)	AUTHORITY.—With respect to the labor standards specified in subparagraph (A), the Secretary of Labor shall have the authority and functions set forth in Reorganization Plan Numbered 14 of 1950 (64 Stat. 1267; 5 U.S.C. App.) and section 3145 of title 40, United States Code.
TITLE II SEC. 201.(b)(3)	INCLUSION OF ADMINISTRATIVE EXPENSES.—The Secretary of the Treasury shall pay to each possession of the United States to which the Secretary makes a payment under paragraph (1) or (2) an amount equal to the lesser of—			
	an amount equal to the lesser of—			
TITLE II SEC. 201.(b)(3)(A)	the increase (if any) of the administrative expenses of such possession—			
TITLE II SEC. 201.(b)(3)(A)(i)	in the case of a possession described in paragraph (1), by reason of the amendments made by this section, and			
TITLE II SEC. 201.(b)(3)(A)(ii)	in the case of a possession described in paragraph (2), by reason of carrying out the plan described in such paragraph, or			
TITLE II SEC. 201.(b)(3)(B)	$500,000 ($10,000,000 in the case of Puerto Rico). The amount described in subparagraph (A) shall be determined by the Secretary of the Treasury based on information provided by the government of the respective possession.			
TITLE II SEC. 201.(b)(4)	COORDINATION WITH CREDIT ALLOWED AGAINST UNITED STATES INCOME TAXES.—No credit shall be allowed against United States income taxes under section 6428C of the Internal Revenue Code of 1986 (as added by this section), nor shall any credit or refund be made or allowed under subsection (g) of such section, to any person—			
TITLE II SEC. 201.(b)(4)(A)	to whom a credit is allowed against taxes imposed by the possession by reason of the amendments made by this section, or			
TITLE II SEC. 201.(b)(4)(B)	who is eligible for a payment under a plan described in paragraph (2).			
TITLE II SEC. 201.(b)(5)	MIRROR CODE TAX SYSTEM.—For purposes of this subsection, the term ‘‘mirror code tax system’’ means, with respect to any possession of the United States, the income tax system of such possession if the income tax liability of the residents of such possession under such system is determined by reference to the income tax laws of the United States as if such possession were the United States.			
TITLE II SEC. 201.(b)(6)	TREATMENT OF PAYMENTS.—For purposes of section 1324 of title 31, United States Code, the payments under this subsection shall be treated in the same manner as a refund due from a credit provision referred to in subsection (b)(2) of such section.			
TITLE II SEC. 201.(c)	ADMINISTRATIVE PROVISIONS.—			
TITLE II SEC. 201.(c)(1)	DEFINITION OF DEFICIENCY.—Section 6211(b)(4)(A) of the Internal Revenue Code of 1986 is amended by striking ‘‘6428A, and 6428B’’ and inserting ‘‘6428A, 6428B, and 6428C’’.			
TITLE II SEC. 201.(c)(2)	EXCEPTION FROM REDUCTION OR OFFSET.—Any refund payable by reason of section 6428C(g) of the Internal Revenue Code of 1986 (as added by this section), or any such refund payable by reason of subsection (b) of this section, shall not be—			
TITLE II SEC. 201.(c)(2)(A)	subject to reduction or offset pursuant to section 3716 or 3720A of title 31, United States Code,			
TITLE II SEC. 201.(c)(2)(B)	subject to reduction or offset pursuant to subsection (c), (d), (e), or (f) of section 6402 of the Internal Revenue Code of 1986, or			
TITLE II SEC. 201.(c)(2)(C)	reduced or offset by other assessed Federal taxes that would otherwise be subject to levy or collection.			
TITLE II SEC. 201.(c)(3)	CONFORMING AMENDMENTS.—			
TITLE II SEC. 201.(c)(3)(A)	Paragraph (2) of section 1324(b) of title 31, United States Code, is amended by inserting ‘‘6428C,’’ after ‘‘6428B,’’.			
TITLE II SEC. 201.(c)(3)(B)	The table of sections for subchapter B of chapter 65 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 6428B the following new item:	internal, revenue, code, amended, new	SEC. 3.(a)	IN GENERAL.—Chapter 38 of subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new subchapter: ‘‘Subchapter E—Carbon Fee
TITLE II SEC. 201.(c)(3)(B)		table, sections, internal, revenue, code, amended, new	SEC. 4.(b)	CLERICAL AMENDMENT.—The table of sections for subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:
TITLE II SEC. 201.(c)(3)(B)		internal, revenue, code, amended, new	SEC. 5.(g)	DISCLOSURE OF RETURN INFORMATION.—Section 6103(l) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
TITLE II SEC. 201.(d)	EFFECTIVE DATE.—This section, and the amendments made by this section, shall apply to taxable years beginning after December 31, 2022.			
TITLE II SEC. 202.	STATE-BASED COST MITIGATION GRANT PROGRAM.			
TITLE II SEC. 202.(a)	IN GENERAL.—The Secretary of the Treasury shall provide to each State and each eligible Indian tribe that meets the requirements of subsection (d) a cost mitigation grant for each calendar year after 2022 in an amount determined under subsection (c).	state, eligible, indian, tribe, grant	SEC. 7.(c)	ELIGIBLE ENTITIES.—An entity eligible to receive a grant under this section is a labor organization, an institution of higher education, a unit of State or local government, an Indian Tribe, an economic development organization, a nonprofit organization, community-based organization, or intermediary, or a State board or local board that serves or is located in a community that—
TITLE II SEC. 202.(b)	USE OF FUNDS.—A State or eligible Indian tribe receiving a cost mitigation grant under this section shall use the grant to assist with the transition to a low-carbon economy, including—	state, eligible, indian, tribe, grant	SEC. 7.(c)	ELIGIBLE ENTITIES.—An entity eligible to receive a grant under this section is a labor organization, an institution of higher education, a unit of State or local government, an Indian Tribe, an economic development organization, a nonprofit organization, community-based organization, or intermediary, or a State board or local board that serves or is located in a community that—
TITLE II SEC. 202.(b)(1)	to assist low-income households in reducing energy expenses and meeting cost increases attributable to the fees imposed under subchapter E of chapter 38 of the Internal Revenue Code of 1986 (as added by this Act), including though weatherization and energy efficiency programs;			
TITLE II SEC. 202.(b)(2)	to assist rural households in reducing energy expenses and meeting such increases attributable to such fees, including though weatherization and energy efficiency programs;			
TITLE II SEC. 202.(b)(3)	to provide job training and worker transition assistance, with priority given to workers and former workers in fossil-fuel related industries;	job, training, worker, transition, assistance, priority	SEC. 7.(d)(1)(B)	providing reemployment and worker transition assistance, including registered apprenticeships, subsidized employment, job training, transitional jobs, and supportive services, with priority given to—
TITLE II SEC. 202.(b)(4)	to assist the State or eligible Indian tribe in dealing with climate change or the transition to a low-carbon economy; or			
TITLE II SEC. 202.(b)(5)	to address the legacy costs of fossil fuel development.			
TITLE II SEC. 202.(c)	AMOUNT OF GRANT.—			
TITLE II SEC. 202.(c)(1)	AMOUNTS FOR STATES.—The amount of the cost mitigation grant made to any State for any calendar year shall be equal to the product of—	states, amount, cost, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
TITLE II SEC. 202.(c)(1)		states, amount, cost, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
TITLE II SEC. 202.(c)(1)(A)	an amount equal to—			
TITLE II SEC. 202.(c)(1)(A)(i)	the annual grant limitation determined under paragraph (4) for such calendar year; minus			
TITLE II SEC. 202.(c)(1)(A)(ii)	3 percent of the amount described in clause (i); and			
TITLE II SEC. 202.(c)(1)(B)	the State allocation percentage for the State (determined under paragraph (2)).			
TITLE II SEC. 202.(c)(2)	STATE ALLOCATION PERCENTAGE.—The ‘‘State allocation percentage’’ for a State is the amount (expressed as a percentage) equal to the quotient of—			
TITLE II SEC. 202.(c)(2)(A)	the population of such State (as reported in the most recent decennial census); and			
TITLE II SEC. 202.(c)(2)(B)	the population of all States (as reported in the most recent decennial census).			
TITLE II SEC. 202.(c)(3)	AMOUNTS FOR ELIGIBLE INDIAN TRIBES.— The amount of the cost mitigation grant made to any eligible Indian tribe for any calendar year shall be an amount equal to the quotient of—			
TITLE II SEC. 202.(c)(3)(A)	3 percent of the annual grant limitation determined under paragraph (4) for such calendar year; divided by			
TITLE II SEC. 202.(c)(3)(B)	the total number of eligible Indian tribes that have applied for a grant for such calendar year and satisfy the requirements under subsection (d).			
TITLE II SEC. 202.(c)(4)	ANNUAL APPROPRIATION FOR GRANTS.—			
TITLE II SEC. 202.(c)(4)(A)	IN GENERAL.—The annual grant limitation is $10,000,000,000.			
TITLE II SEC. 202.(c)(4)(B)	INFLATION ADJUSTMENT.—			
TITLE II SEC. 202.(c)(4)(B)(i)	IN GENERAL.—In the case of any calendar year after 2023, the $10,000,000,000 amount in subparagraph (A) shall be increased by an amount equal to—			
	shall be increased by an amount equal to—			
TITLE II SEC. 202.(c)(4)(B)(i)(I)	such dollar amount; multiplied by			
TITLE II SEC. 202.(c)(4)(B)(i)(II)	the percentage (if any) by which—			
TITLE II SEC. 202.(c)(4)(B)(i)(II)(aa)	the CPI for the preceding calendar year; exceeds			
TITLE II SEC. 202.(c)(4)(B)(i)(II)(bb)	the CPI for calendar year 2022.			
TITLE II SEC. 202.(c)(4)(B)(ii)	CPI.—Rules similar to the rules of paragraphs (4) and (5) of section 1(f) of the Internal Revenue Code of 1986 shall apply for purposes of this subparagraph.			
TITLE II SEC. 202.(c)(5)	REDISTRIBUTION.—In any case in which one or more States do not meet the requirements described in subsection (d) for a calendar year, an amount equal to the State allocation percentage for such State or States shall be distributed to each State which did meet such conditions in an amount equal to the product of—	case, states, amount, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(b)(1)	CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary).
TITLE II SEC. 202.(c)(5)		case, states, amount, equal, product	[SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A)	IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary).
TITLE II SEC. 202.(c)(5)(A)	such amount; and			
TITLE II SEC. 202.(c)(5)(B)	the State allocation percentage of such State (determined by not taking into account under paragraph (2)(B) the population of any State which did not meet the requirements of subsection (d) for such calendar year).			
TITLE II SEC. 202.(d)	REQUIREMENTS FOR RECEIPT OF GRANT.—A State or eligible Indian tribe is eligible to receive a cost mitigation grant for any calendar year if—	grant, state, eligible, indian, tribe	SEC. 7.(c)	ELIGIBLE ENTITIES.—An entity eligible to receive a grant under this section is a labor organization, an institution of higher education, a unit of State or local government, an Indian Tribe, an economic development organization, a nonprofit organization, community-based organization, or intermediary, or a State board or local board that serves or is located in a community that—
TITLE II SEC. 202.(d)(1)	the chief executive officer of the State or eligible Indian tribe certifies that the State or eligible Indian tribe will use such grant in a manner consistent with subsection (b);	state, eligible, indian, tribe, grant	SEC. 7.(c)	ELIGIBLE ENTITIES.—An entity eligible to receive a grant under this section is a labor organization, an institution of higher education, a unit of State or local government, an Indian Tribe, an economic development organization, a nonprofit organization, community-based organization, or intermediary, or a State board or local board that serves or is located in a community that—
TITLE II SEC. 202.(d)(2)	the State or eligible Indian tribe has filed with the Secretary of the Treasury a plan covering the calendar year which details the use of the funds received under the grant;	state, eligible, indian, tribe, grant	SEC. 7.(c)	ELIGIBLE ENTITIES.—An entity eligible to receive a grant under this section is a labor organization, an institution of higher education, a unit of State or local government, an Indian Tribe, an economic development organization, a nonprofit organization, community-based organization, or intermediary, or a State board or local board that serves or is located in a community that—
TITLE II SEC. 202.(d)(3)	the State or eligible Indian tribe agrees to comply with any audit requirements under subsection (e); and			
TITLE II SEC. 202.(d)(4)	the State or eligible Indian tribe has complied with the requirements of this section for all preceding years or the State or eligible Indian tribe has remedied all prior noncompliance to the satisfaction of the Secretary of the Treasury.			
TITLE II SEC. 202.(e)	AUDITS.—The Secretary of the Treasury shall audit the State or eligible Indian tribe use of grants under this section to ensure such uses comply with the requirements of this section and with the uses identified by the State or eligible Indian tribe under subsection (d)(2). The Secretary may withhold a grant under this section if the Secretary determines that a State or eligible Indian tribe has not complied with such requirements.	state, eligible, indian, tribe, grant	SEC. 7.(c)	ELIGIBLE ENTITIES.—An entity eligible to receive a grant under this section is a labor organization, an institution of higher education, a unit of State or local government, an Indian Tribe, an economic development organization, a nonprofit organization, community-based organization, or intermediary, or a State board or local board that serves or is located in a community that—
TITLE II SEC. 202.(f)	DEFINITIONS.—For purposes of this section—			
TITLE II SEC. 202.(f)(1)	STATE.—The term ‘‘State’’ includes the District of Columbia, the Commonwealth of Puerto Rico, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, and the United States Virgin Islands.	term, commonwealth, puerto, rico, northern, mariana, islands, united, states		UNITED STATES.—The term ‘United States’ shall be treated as including each possession of the United States (including the Commonwealth of Puerto Rico and the Commonwealth of the Northern Mariana Islands).
TITLE II SEC. 202.(f)(2)	ELIGIBLE INDIAN TRIBE.—The term ‘‘eligible Indian tribe’’ means has the same meaning given the term ‘‘tribe’’ in section 151.2(b) of title 25, Code of Federal Regulations.			
TITLE II SEC. 202.(g)	APPROPRIATIONS.—For any fiscal year, there is hereby appropriated an amount equal to the annual grant limitation determined under subsection (c)(3) for the calendar year in which such fiscal year begins.			
TITLE III	—ASSISTANCE TO ENERGY VETERANS AND THEIR COMMUNITIES			
TITLE III SEC. 301.	OFFICE OF ENERGY VETERANS ASSISTANCE.			
TITLE III SEC. 301.(a)	ESTABLISHMENT OF OFFICE.—There is established within the Department of the Treasury an office to be known as the Office of Energy Veterans Assistance. The Office of Energy Veterans Assistance shall be headed by an Assistant Secretary who shall be appointed by the Secretary of the Treasury (referred to in this section as the ‘‘Secretary’’).	establishment, established, treasury, known, referred	[SEC. 4.(a)] SEC. 9512.(a)	ESTABLISHMENT AND FUNDING.—There is established in the Treasury of the United States a trust fund to be known as the ‘America’s Clean Future Fund’ (referred to in this section as the ‘Trust Fund’), consisting of such amounts as are appropriated to the Trust Fund under subsection (b).
TITLE III SEC. 301.(b)	RESPONSIBILITIES OF ASSISTANT SECRETARY.— The Secretary, acting through the Assistant Secretary, shall be responsible for—			
TITLE III SEC. 301.(b)(1)	hiring personnel and making employment decisions with regard to such personnel;			
TITLE III SEC. 301.(b)(2)	issuing such regulations as may be necessary to carry out the purposes of this section;			
TITLE III SEC. 301.(b)(3)	entering into cooperative agreements with other agencies and departments to ensure the efficiency of the administration of this section;			
TITLE III SEC. 301.(b)(4)	determining eligibility for benefits provided under this section and providing such benefits to qualified individuals;			
TITLE III SEC. 301.(b)(5)	preventing fraud and abuse relating to such benefits;			
TITLE III SEC. 301.(b)(6)	establishing and maintaining a system of records relating to the administration of this section;			
TITLE III SEC. 301.(b)(7)	ensuring that the Office of Energy Veterans Assistance is designed a manner that maximizes efficiency and ease of use by qualified individuals, which may include establishment and deployment of mobile field or satellite offices within eligible counties (as defined in section 302(a)(1)); and			
TITLE III SEC. 301.(b)(8)	administering the program established under section 302.			
TITLE III SEC. 301.(c)	AUTHORIZATION OF APPROPRIATIONS.—Beginning in fiscal year 2022 and in each fiscal year thereafter, there is authorized to be appropriated, out of moneys in the Treasury not otherwise appropriated, such sums as may be necessary (not to exceed $50,000,000 for each fiscal year) to administer the office established under subsection (a).			
TITLE III SEC. 301.(d)	ADMINISTRATION.—			
TITLE III SEC. 301.(d)(1)	NOTIFICATION.—Not later than the date which is 4 months prior to the closure of a coal mine or coal power plant, the operator of such mine or plant shall provide notice to the Secretary with respect to such closure, including such information as is deemed necessary by the Secretary to determine the eligibility of any former employee of such mine or plant for any benefits provided under this section, as well as the amount of such benefits.			
TITLE III SEC. 301.(d)(2)	CLOSURE.—For purposes of this section, the term ‘‘closure’’ means—			
TITLE III SEC. 301.(d)(2)(A)	with respect to any coal mine, any reduction in production occurring after the date of enactment of this Act which is accompanied by permanent layoffs; and			
TITLE III SEC. 301.(d)(2)(B)	with respect to any coal power plant, the permanent closure of 1 or more generating units occurring after the date of enactment of this Act which is accompanied by permanent layoffs.			
TITLE III SEC. 301.(d)(3)	QUALIFIED INDIVIDUAL.—For purposes of this section, the term ‘‘qualified individual’’ means any individual—			
TITLE III SEC. 301.(d)(3)(A)	whose employment was terminated as the result of the closure of 1 or more coal mines or coal power plants;			
TITLE III SEC. 301.(d)(3)(B)	who, prior to such closure, was continually employed at 1 or more such mines or plants—			
TITLE III SEC. 301.(d)(3)(B)(i)	for a period of not less than 12 months, and			
TITLE III SEC. 301.(d)(3)(B)(ii)	for an average of not less than 35 hours a week during the 12-month period preceding such closure; and			
TITLE III SEC. 301.(d)(3)(C)	for whom the applicable information has been provided to the Secretary pursuant to paragraph (1).			
TITLE III SEC. 301.(e)	WAGE REPLACEMENT.—			
TITLE III SEC. 301.(e)(1)	IN GENERAL.—In the case of any qualified individual, during the applicable period, the Secretary shall provide such individual with payments in an amount which, for each month during such period, is equivalent to the average amount of monthly remuneration for employment paid to such individual during the 12-month period prior to the termination of their employment (as described in subsection (d)(3)(A)).			
TITLE III SEC. 301.(e)(2)	APPLICABLE PERIOD.—For purposes of this subsection, the term ‘‘applicable period’’ means, with respect to any qualified individual, the 60-month period subsequent to the termination of their employment (as described in subsection (d)(3)(A)).	applicable, period, subsection, term, respect	[SEC. 3.(a)] SEC. 4692.(a)(1)	APPLICABLE PERIOD.—The term ‘applicable period’ means, with respect to any determination made by the Secretary under subsection (e)(3) for any calendar year, the period—
TITLE III SEC. 301.(e)(3)	FREQUENCY OF PAYMENT.—Any payment required to be provided to an qualified individual under this subsection shall be provided by the Secretary on a basis which is not less frequent than once per month during the applicable period.			
TITLE III SEC. 301.(e)(4)	ADJUSTMENT FOR INFLATION.—For purposes of any payment described in paragraph (1) which is provided to an qualified individual during a calendar year beginning after the date that the employment of such individual was terminated, such amount shall be adjusted in a manner similar to the cost-of-living adjustment determined under section 1(f)(3) of the Internal Revenue Code of 1986 for such calendar year.	purposes, described, beginning, amount, determined	[SEC. 4.(a)] SEC. 9512.(c)(1)(B)	AGRICULTURAL DECARBONIZATION TRANSITION PAYMENTS.—For the purposes described in section 6 of the America’s Clean Future Fund Act, for each of the first 10 fiscal years beginning after September 30, 2023, an amount equal to 7 percent of the amount determined annually under subparagraph (A)(i)(I).
TITLE III SEC. 301.(e)(4)		individual, calendar, beginning, internal, revenue, code	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
TITLE III SEC. 301.(e)(4)		payment, individual, beginning, amount, internal, revenue, code	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE III SEC. 301.(e)(4)		amount, adjusted, internal, revenue, code	SEC. 5.(d)(1)(A)	MODIFIED ADJUSTED GROSS INCOME.—The term ‘‘modified adjusted gross income’’ means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933 of the Internal Revenue Code of 1986.
TITLE III SEC. 301.(e)(5)	TAX TREATMENT.—Any amount provided to an qualified individual under this subsection shall be treated as—			
TITLE III SEC. 301.(e)(5)(A)	gross income for purposes of the Internal Revenue Code of 1986; and	gross, income, internal, revenue, code	SEC. 5.(d)(1)(A)	MODIFIED ADJUSTED GROSS INCOME.—The term ‘‘modified adjusted gross income’’ means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933 of the Internal Revenue Code of 1986.
TITLE III SEC. 301.(e)(5)(B)	for purposes of section 3101 of such Code, wages received by the individual with respect to employment.			
TITLE III SEC. 301.(e)(6)	TRANSFER TO FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND.—There are hereby appropriated to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund established under section 201 of the Social Security Act (42 U.S.C. 401) amounts equal to the amount of taxes that would otherwise have been imposed under section 3111(a) of the Internal Revenue Code of 1986 if the amounts provided to qualified individuals under this subsection were treated as wages paid by the employer with respect to employment. Amounts appropriated by the preceding sentence shall be transferred from the general fund at such times and in such manner as to replicate to the extent possible the transfers which would have otherwise occurred to such Trust Fund pursuant to the treatment described in the preceding sentence.	trust, fund, appropriated, established, amounts, subsection	[SEC. 4.(a)] SEC. 9512.(a)	ESTABLISHMENT AND FUNDING.—There is established in the Treasury of the United States a trust fund to be known as the ‘America’s Clean Future Fund’ (referred to in this section as the ‘Trust Fund’), consisting of such amounts as are appropriated to the Trust Fund under subsection (b).
TITLE III SEC. 301.(e)(6)		trust, fund, appropriated, amounts, equal, otherwise, transfers	[SEC. 4.(a)] SEC. 9512.(b)	TRANSFERS TO AMERICA’S CLEAN FUTURE FUND.—There is appropriated to the Trust Fund, out of any funds in the Treasury not otherwise appropriated, amounts equal to the fees received into the Treasury under sections 4692, 4693, and 4695, less—
TITLE III SEC. 301.(e)(6)		fund, act, equal, amount, described	[SEC. 4.(a)] SEC. 9512.(c)(1)(B)	AGRICULTURAL DECARBONIZATION TRANSITION PAYMENTS.—For the purposes described in section 6 of the America’s Clean Future Fund Act, for each of the first 10 fiscal years beginning after September 30, 2023, an amount equal to 7 percent of the amount determined annually under subparagraph (A)(i)(I).
TITLE III SEC. 301.(e)(6)		fund, established, amounts, internal, revenue, code	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
TITLE III SEC. 301.(e)(6)		amounts, equal, amount, internal, revenue, code, respect	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE III SEC. 301.(e)(6)		federal, amounts, taxes, paid, treatment	SEC. 5.(e)	FEE TREATMENT OF PAYMENTS.—Amounts paid under this section shall not be includible in gross income for purposes of Federal income taxes.
TITLE III SEC. 301.(e)(6)		federal, social, security, act, u.s.c	SEC. 5.(i)	PUBLIC AWARENESS CAMPAIGN.—The Secretary shall conduct a public awareness campaign, in coordination with the Commissioner of Social Security, the heads of other relevant Federal agencies, and Indian Tribes (as defined in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304)), to provide information to the public regarding the availability of carbon fee rebate payments under this section.
TITLE III SEC. 301.(e)(6)		fund, amounts, internal, revenue, code	SEC. 7.(h)(2)	AMERICA’S CLEAN FUTURE FUND.—The Secretary shall carry out this section using amounts made available from the America’s Clean Future Fund under section 9512 of the Internal Revenue Code of 1986 (as added by section 4).
TITLE III SEC. 301.(f)	HEALTH INSURANCE BENEFITS.—			
TITLE III SEC. 301.(f)(1)	IN GENERAL.—The Secretary shall provide the following health insurance benefits:			
TITLE III SEC. 301.(f)(1)(A)	In the case of a qualified individual who is receiving continuation coverage pursuant to part 6 of subtitle B of title I of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1161 et seq.) and section 4980B of the Internal Revenue Code of 1986, the Secretary shall transfer, each month, to the group health plan (or health insurance issuer offering health insurance coverage in connection with such a plan) of such qualified individual, the amount required to cover the same percentage of the qualified individual’s monthly premium (including coverage for any qualified beneficiaries) that such individual’s former employer contributed toward such premium during the individual’s employment.	individual, internal, revenue, code, secretary	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
TITLE III SEC. 301.(f)(1)(A)		individual, internal, revenue, code, amount	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE III SEC. 301.(f)(1)(A)		income, internal, revenue, code, amount	SEC. 5.(d)(1)(A)	MODIFIED ADJUSTED GROSS INCOME.—The term ‘‘modified adjusted gross income’’ means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933 of the Internal Revenue Code of 1986.
TITLE III SEC. 301.(f)(1)(B)	In the case of a qualified individual who is not eligible for continuation coverage as described in subparagraph (A), the Secretary shall transfer to the qualified individual, each month, an amount equal to the amount that the individual’s former employer contributed each month towards premiums for enrollment of the individual and qualified beneficiaries in a group health plan (including any health insurance coverage offered in connection with such a plan), adjusted in accordance with the average increase in health insurance premiums in the individual market in the applicable State. This amount shall not be considered as gross income for purposes of the Internal Revenue Code of 1986 provided that the individual provides proof that it has been used to purchase health insurance coverage.	case, secretary, transfer, amount, equal	[SEC. 3.(a)(1)] SEC. 4695.(b)(2)	COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel.
TITLE III SEC. 301.(f)(1)(B)		described, subparagraph, amount, equal, purposes	[SEC. 4.(a)] SEC. 9512.(c)(1)(B)	AGRICULTURAL DECARBONIZATION TRANSITION PAYMENTS.—For the purposes described in section 6 of the America’s Clean Future Fund Act, for each of the first 10 fiscal years beginning after September 30, 2023, an amount equal to 7 percent of the amount determined annually under subparagraph (A)(i)(I).
TITLE III SEC. 301.(f)(1)(B)		individual, eligible, secretary, internal, revenue, code	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
TITLE III SEC. 301.(f)(1)(B)		individual, eligible, amount, equal, internal, revenue, code	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE III SEC. 301.(f)(1)(B)		amount, adjusted, gross, income, internal, revenue, code	SEC. 5.(d)(1)(A)	MODIFIED ADJUSTED GROSS INCOME.—The term ‘‘modified adjusted gross income’’ means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933 of the Internal Revenue Code of 1986.
TITLE III SEC. 301.(f)(1)(B)		case, amount, equal, adjusted, gross, income	SEC. 5.(d)(2)	PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount.
TITLE III SEC. 301.(f)(1)(B)		individual, eligible, amount, state, income, purposes	SEC. 5.(f)	FEDERAL PROGRAMS AND FEDERAL ASSISTED PROGRAMS.—The carbon fee rebate payment received by any eligible individual shall not be taken into account as income and shall not be taken into account as resources for purposes of determining the eligibility of such individual or any other individual for benefits or assistance, or the amount or extent of benefits or assistance, under any Federal program or under any State or local program financed in whole or in part with Federal funds.
TITLE III SEC. 301.(f)(2)	REDUCTION OF PREMIUMS PAYABLE BY INDIVIDUALS.—In the case of a qualified individual and qualified beneficiaries receiving benefits described in paragraph (1)(A) during the applicable period of coverage described in paragraph (3)(A), such individual and beneficiaries shall be treated for purposes of part 6 of subtitle B of title I of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1161 et seq.) and section 4980B of the Internal Revenue Code of 1986 as having paid in full the amount of such premium for a month if such qualified individual and qualified beneficiary pays the total monthly premium due, less the amount of benefits paid on behalf of such individual and beneficiaries pursuant to paragraph (1)(A).	individual, internal, revenue, code, amount	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE III SEC. 301.(f)(2)		income, internal, revenue, code, amount	SEC. 5.(d)(1)(A)	MODIFIED ADJUSTED GROSS INCOME.—The term ‘‘modified adjusted gross income’’ means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933 of the Internal Revenue Code of 1986.
TITLE III SEC. 301.(f)(2)		individual, benefits, purposes, income, amount	SEC. 5.(f)	FEDERAL PROGRAMS AND FEDERAL ASSISTED PROGRAMS.—The carbon fee rebate payment received by any eligible individual shall not be taken into account as income and shall not be taken into account as resources for purposes of determining the eligibility of such individual or any other individual for benefits or assistance, or the amount or extent of benefits or assistance, under any Federal program or under any State or local program financed in whole or in part with Federal funds.
TITLE III SEC. 301.(f)(2)		applicable, period, act, u.s.c, seq	SEC. 6.(c)(4)	INELIGIBILITY.—A person that is determined to be in violation of any applicable water or air quality regulation, including under the Federal Water Pollution Control Act (33 U.S.C. 1251 et seq.) (including regulations), shall not be eligible for any payment under paragraph (1) during the period of the violation.
TITLE III SEC. 301.(f)(3)	PERIOD OF COVERAGE WITH RESPECT TO COBRA CONTINUATION COVERAGE.—For purposes of this subsection, the following shall apply:			
TITLE III SEC. 301.(f)(3)(A)	IN GENERAL.—Subject to subparagraph (B), with respect to a qualified individual or qualified beneficiary who is receiving continuation coverage pursuant to part 6 of subtitle B of title I of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1161 et seq.) and 4980B of the Internal Revenue Code of 1986, the period of coverage described in section 602(2) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1162(2)) and section 4980B(f)(2)(B) of the Internal Revenue Code of 1986 is deemed to extend to the date which is 5 years after termination of the qualified individual’s employment.	subject, individual, internal, revenue, code	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
TITLE III SEC. 301.(f)(3)(A)		respect, individual, internal, revenue, code	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE III SEC. 301.(f)(3)(B)	END OF PLAN.—With respect to a qualified individual and qualified beneficiaries described in subparagraph (A), if the employer ceases to provide any group health plan to any employee before the period of coverage described in such subparagraph ends, or if the qualified individual and qualified beneficiaries become ineligible for continuation coverage (other than for reasons described in paragraph (4)(A)(ii)), such qualified individual and qualified beneficiaries shall be eligible for benefits described in paragraph (1)(B).			
	(A)(ii)), such qualified individual and qualified beneficiaries shall be eligible for benefits described in paragraph (1)(B).			
TITLE III SEC. 301.(f)(4)	DURATION OF BENEFITS.—			
TITLE III SEC. 301.(f)(4)(A)	BENEFITS WITH RESPECT TO COBRA CONTINUATION COVERAGE.—The benefits described in paragraph (1)(A) shall continue until the earlier of—			
TITLE III SEC. 301.(f)(4)(A)(i)	the date that is 5 years after closure of a coal mine or coal power plant; or			
TITLE III SEC. 301.(f)(4)(A)(ii)	the date on which the qualified individual or qualified beneficiary becomes ineligible for continuation coverage pursuant to subparagraph (C) or (D)(ii) of section 602(2) of Employee Retirement Income Security Act of 1974 (29 U.S.C. 1162(2)) or clause (iii) or (iv) of section 4980B(f)(2)(B) of the Internal Revenue Code of 1986.			
TITLE III SEC. 301.(f)(4)(B)	OTHER BENEFITS.—The benefits described in paragraph (1)(B) shall continue until the earlier of—			
TITLE III SEC. 301.(f)(4)(B)(i)	the date that is 5 years after closure of a coal mine or coal power plant; or			
TITLE III SEC. 301.(f)(4)(B)(ii)	the date on which the qualified individual or qualified beneficiary becomes eligible for benefits under title XVIII of the Social Security Act (42 U.S.C. 1395 et seq.).			
TITLE III SEC. 301.(f)(4)(C)	SPECIAL RULE.—With respect to a qualified individual and qualified beneficiaries, section 602(2)(C) of the Employee Retirement Income Security Act of 1974 and section 4980B(f)(2)(B)(iii) of the Internal Revenue Code of 1986 shall apply only if, with respect to such individual and beneficiaries, at least 2 consecutive premium payments are not made.	individual, internal, revenue, code, payments	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
TITLE III SEC. 301.(f)(4)(C)		respect, individual, internal, revenue, code	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE III SEC. 301.(f)(5)	DEFINITIONS.—In this subsection—			
TITLE III SEC. 301.(f)(5)(A)	the terms ‘‘group health plan’’, ‘‘health insurance coverage’’, and ‘‘health insurance issuer’’ have the meanings given such terms in section 733 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1191b); and			
TITLE III SEC. 301.(f)(5)(B)	the term ‘‘qualified beneficiary’’ has the meaning given such term in section 607(3)(A) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1167(3)(A)).	term, meaning, security, act, u.s.c		has the meaning given such term in section 901 of the Energy Independence and Security Act of 2007 (42 U.S.C. 17321), and (B) includes any other gases identified by rule of the Administrator.
TITLE III SEC. 301.(g)	RETIREMENT SAVINGS CONTRIBUTIONS.—			
TITLE III SEC. 301.(g)(1)	IN GENERAL.—In the case of a qualified individual, the Secretary shall pay to such individual amounts equal to the amount of employer contributions (other than elective deferrals) which were made to a qualified retirement plan (as defined in section 4974(c) of the Internal Revenue Code of 1986) of the individual as of the last month the individual was employed by the employer. Such payments shall be made on the same schedule as employer contributions under the plan.	individual, secretary, amounts, internal, revenue, code, payments	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
TITLE III SEC. 301.(g)(1)		individual, amounts, equal, amount, internal, revenue, code	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE III SEC. 301.(g)(1)		secretary, amounts, internal, revenue, code	SEC. 7.(h)(2)	AMERICA’S CLEAN FUTURE FUND.—The Secretary shall carry out this section using amounts made available from the America’s Clean Future Fund under section 9512 of the Internal Revenue Code of 1986 (as added by section 4).
TITLE III SEC. 301.(g)(2)	LIMITATION.—No payment shall be made under paragraph (1) after the date which is 60 months after the closure of the coal mine or coal power plant at which the individual was employed, unless such payment is made with respect to a period ending before such date.			
TITLE III SEC. 301.(g)(3)	TAX TREATMENT OF CONTRIBUTIONS.—If the qualified individual demonstrates that the payments made under paragraph (1) are contributed to a qualified retirement plan (as so defined) of the individual, such payments shall be treated for purposes of the Internal Revenue Code of 1986 as if they had been made as employer contributions.	individual, payments, internal, revenue, code	SEC. 5.(b)	REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’).
TITLE III SEC. 301.(h)	EDUCATIONAL BENEFITS.—			
TITLE III SEC. 301.(h)(1)	DEFINITIONS.—In this subsection:			
TITLE III SEC. 301.(h)(1)(A)	CHILD.—The term ‘‘child’’ means, with respect to any qualified individual, a son or daughter of such individual.			
TITLE III SEC. 301.(h)(1)(B)	PUBLIC, IN-STATE INSTITUTION OR VOCATIONAL SCHOOL.—The term ‘‘public, inState institution or vocational school’’ means a public institution of higher education (as defined in section 101(a) of the Higher Education Act of 1965 (20 U.S.C. 1001(a)), or a public vocational school, of the State in which the qualified individual or child resides.	public, institution, defined, act, u.s.c	SEC. 2.(e)(1)(D)(vi)	a minority depository institution (as defined in section 308(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1463 note; Public Law 101–73)); and
TITLE III SEC. 301.(h)(1)(B)		public, education, defined, act, u.s.c	SEC. 5.(i)	PUBLIC AWARENESS CAMPAIGN.—The Secretary shall conduct a public awareness campaign, in coordination with the Commissioner of Social Security, the heads of other relevant Federal agencies, and Indian Tribes (as defined in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304)), to provide information to the public regarding the availability of carbon fee rebate payments under this section.
TITLE III SEC. 301.(h)(1)(B)		institution, term, education, act, u.s.c	SEC. 7.(a)(3)	INSTITUTION OF HIGHER EDUCATION.—The term ‘‘institution of higher education’’ has the meaning given the term in section 101 of the Higher Education Act of 1965 (20 U.S.C. 1001).
TITLE III SEC. 301.(h)(2)	IN GENERAL.—The Secretary of Education shall carry out a program of educational assistance for any qualified individual and child of a qualified individual that is comparable to the program of education assistance administered by the Secretary of Veterans Affairs under chapter 33 of title 38, United States Code, except that—	secretary, carry, united, states, code	SEC. 7.(e)(2)(A)	IN GENERAL.—All laborers and mechanics employed by eligible entities to carry out projects and activities funded directly by or assisted in whole or in part by a grant under this section shall be paid at wages at rates not less than those prevailing on projects of a similar character in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of title 40, United States Code (commonly known as the ‘‘DavisBacon Act’’).
TITLE III SEC. 301.(h)(2)(A)	a qualified individual, and each child of a qualified individual, may receive the educational assistance provided under the program; and			
TITLE III SEC. 301.(h)(2)(B)	the educational assistance shall only be available for use—			
TITLE III SEC. 301.(h)(2)(B)(i)	at a public, in-State institution or vocational school; or			
TITLE III SEC. 301.(h)(2)(B)(ii)	for a program of training services included on the most recent list of eligible training programs issued under section 122(d) of the Workforce Innovation and Opportunity Act (29 U.S.C. 3152(d)) by the Governor of the State in which the qualified individual or child of a qualified individual resides.	program, eligible, programs, state, individual	SEC. 5.(f)	FEDERAL PROGRAMS AND FEDERAL ASSISTED PROGRAMS.—The carbon fee rebate payment received by any eligible individual shall not be taken into account as income and shall not be taken into account as resources for purposes of determining the eligibility of such individual or any other individual for benefits or assistance, or the amount or extent of benefits or assistance, under any Federal program or under any State or local program financed in whole or in part with Federal funds.
TITLE III SEC. 301.(h)(2)(B)(ii)		workforce, innovation, opportunity, act, u.s.c, individual	SEC. 7.(a)(2)	INDIVIDUAL WITH A BARRIER TO EMPLOYMENT.—The term ‘‘individual with a barrier to employment’’ has the meaning given the term in section 3 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102).
TITLE III SEC. 301.(h)(2)(B)(ii)		workforce, innovation, opportunity, act, u.s.c	SEC. 7.(a)(4)	LOCAL BOARD.—The term ‘‘local board’’ has the meaning given the term in section 3 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102).
TITLE III SEC. 301.(h)(2)(B)(ii)		workforce, innovation, opportunity, act, u.s.c	SEC. 7.(a)(5)	RECOGNIZED POSTSECONDARY CREDENTIAL.—The term ‘‘recognized postsecondary credential’’ has the meaning given the term in section 3 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102).
TITLE III SEC. 301.(h)(2)(B)(ii)		workforce, innovation, opportunity, act, u.s.c, state	SEC. 7.(a)(8)	STATE BOARD.—The term ‘‘State board’’ has the meaning given the term in section 3 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102).
TITLE III SEC. 301.(h)(2)(B)(ii)		services, workforce, innovation, opportunity, act, u.s.c	SEC. 7.(a)(9)	SUPPORTIVE SERVICES.—The term ‘‘supportive services’’ has the meaning given the term in section 3 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102).
TITLE III SEC. 301.(h)(2)(B)(ii)		eligible, workforce, innovation, opportunity, act, u.s.c	SEC. 7.(e)(1)	LABOR STANDARDS; NONDISCRIMINATION.—An eligible entity that receives a grant under this section shall use the funds in a manner consistent with sections 181 and 188 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3241, 3248).
TITLE III SEC. 301.(i)	APPROPRIATION.—Except as provided in subsection (c), out of any money in the Treasury not otherwise appropriated, there shall be appropriated such sums as are necessary to carry out the purposes of this section, to remain available until expended.	treasury, otherwise, appropriated, carry, remain, available, expended	SEC. 2.(g)	INITIAL CAPITALIZATION.—There is appropriated to carry out this section, out of any funds in the Treasury not otherwise appropriated, $7,500,000,000 for each of fiscal years 2022 and 2023, to remain available until expended.
TITLE III SEC. 301.(i)		appropriation, subsection, treasury, otherwise, appropriated, purposes, remain, available, expended	SEC. 5.(j)	INITIAL APPROPRIATION.—For purposes of subsection (c)(2), there is appropriated, out of any funds in the Treasury not otherwise appropriated, to remain available until expended—
TITLE III SEC. 301.(i)		treasury, otherwise, appropriated, carry, remain, available, expended	SEC. 7.(h)(1)	INITIAL FUNDING.—There is appropriated to the Secretary, out of any funds in the Treasury not otherwise appropriated, $5,000,000,000 for each of fiscal years 2022 and 2023 to carry out this section, to remain available until expended.
TITLE III SEC. 302.	LOCAL REVENUE REPLENISHMENT.			
TITLE III SEC. 302.(a)	DEFINITIONS.—In this section:			
TITLE III SEC. 302.(a)(1)	ELIGIBLE COUNTY.—The term ‘‘eligible county’’ means a county in which—			
TITLE III SEC. 302.(a)(1)(A)	a coal mine or coal power plant is located that, after the date of enactment of this Act, ceases to produce coal or electric power for a period of not less than 180 days; and			
TITLE III SEC. 302.(a)(1)(B)	as of the date of enactment of this Act, not less than 0.1 percent of all jobs are at coal mines or coal power plants, as determined by the Secretary.			
TITLE III SEC. 302.(a)(2)	ELIGIBLE TRIBAL GOVERNMENT.—The term ‘‘eligible Tribal government’’ means a Tribal government in the Indian country of which—			
TITLE III SEC. 302.(a)(2)(A)	a coal mine or coal power plant is located that, after the date of enactment of this Act, ceases to produce coal or electric power for a period of not less than 180 days; and			
TITLE III SEC. 302.(a)(2)(B)	as of the date of enactment of this Act, not less than 0.1 percent of all jobs are at coal mines or coal power plants, as determined by the Secretary.			
TITLE III SEC. 302.(a)(3)	INDIAN COUNTRY.—The term ‘‘Indian country’’ has the meaning given the term in section 1151 of title 18, United States Code.			
TITLE III SEC. 302.(a)(4)	LOCAL REVENUE REPLENISHMENT AMOUNT.—			
TITLE III SEC. 302.(a)(4)(A)	IN GENERAL.—The term ‘‘local revenue replenishment amount’’, with respect to an eligible county or eligible Tribal government, means an amount equal to the applicable percentage of the lost revenue amount for the applicable 12-month period.	term, amount, equal, applicable, period	[SEC. 3.(a)] SEC. 4692.(a)(2)	CUMULATIVE EMISSIONS.—The term ‘cumulative emissions’ means an amount equal to the sum of any greenhouse gas emissions resulting from the use of covered fuels and any noncovered fuel emissions for all years during the applicable period.
TITLE III SEC. 302.(a)(4)(A)		term, amount, equal, applicable, period	[SEC. 3.(a)] SEC. 4692.(a)(3)	CUMULATIVE EMISSIONS TARGET.—The term ‘cumulative emissions target’ means an amount equal to the sum of the emissions targets for all years during the applicable period.
TITLE III SEC. 302.(a)(4)(A)		revenue, amount, respect, eligible, equal	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE III SEC. 302.(a)(4)(B)	APPLICABLE PERCENTAGE.—For purposes of subparagraph (A), the term ‘‘applicable percentage’’ means an amount (not less than zero), expressed as a percentage, equal to—	applicable, percentage, purposes, subparagraph, equal	[SEC. 4.(a)] SEC. 9512.(c)(1)(C)	APPLICABLE PERCENTAGE.—For purposes of subparagraph (A)(ii), the applicable percentage shall be equal to—
TITLE III SEC. 302.(a)(4)(B)(i)	for the first 12-month period following the month in which the applicable coal mine or coal power plant ceased all economic activity, 100 percent; and			
TITLE III SEC. 302.(a)(4)(B)(ii)	for each subsequent 12-month period following the 12-month period referred to in clause (i), the applicable percentage for the preceding 12-month period minus 10 percentage points.	subsequent, period, clause, applicable, percentage, preceding	[SEC. 4.(a)] SEC. 9512.(c)(1)(C)(ii)	for each of the first 3 fiscal years subsequent to the period described in clause (i), the applicable percentage for the preceding fiscal year increased by 1 percentage point, and
TITLE III SEC. 302.(a)(4)(B)(ii)		subsequent, period, clause, applicable, percentage, preceding	[SEC. 4.(a)] SEC. 9512.(c)(2)(B)(ii)	for each of the first 4 fiscal years subsequent to the period described in clause (i), the applicable percentage for the preceding fiscal year increased by 1 percentage point, and
TITLE III SEC. 302.(a)(4)(B)(ii)		subsequent, period, clause, applicable, percentage, preceding	[SEC. 4.(a)] SEC. 9512.(c)(3)(B)(ii)	for each of the first 4 fiscal years subsequent to the period described in clause (i), the applicable percentage for the preceding fiscal year reduced by 2 percentage points, and
TITLE III SEC. 302.(a)(5)	LOST REVENUE AMOUNT.—The term ‘‘lost revenue amount’’, with respect to an eligible county or eligible Tribal government, means the amount of revenue lost by the eligible county or eligible Tribal government during a 12-month period due to the cessation of production of coal or electric power at the applicable coal mine or coal power plant, including revenue lost by subgovernmental entities within the eligible county or eligible Tribal government, such as school districts and towns, as determined in accordance with subsection (b)(2).	term, respect, period, applicable, subsection	[SEC. 3.(a)] SEC. 4692.(a)(1)	APPLICABLE PERIOD.—The term ‘applicable period’ means, with respect to any determination made by the Secretary under subsection (e)(3) for any calendar year, the period—
TITLE III SEC. 302.(a)(6)	SECRETARY.—The term ‘‘Secretary’’ means the Secretary of the Treasury.			
TITLE III SEC. 302.(a)(7)	TRIBAL GOVERNMENT.—The term ‘‘Tribal government’’ means the governing body of a federally recognized Indian Tribe (as defined in section 151.2 of title 25, Code of Federal Regulations).			
TITLE III SEC. 302.(b)	PAYMENTS TO ELIGIBLE COUNTIES AND ELIGIBLE TRIBAL GOVERNMENTS.—			
TITLE III SEC. 302.(b)(1)	IN GENERAL.—On request of an eligible county or eligible Tribal government submitted to the Office of Energy Veterans Assistance established under section 301 for a 12-month period, the Secretary shall pay to the eligible county or eligible Tribal government the local revenue replenishment amount applicable to the 12-month period.			
TITLE III SEC. 302.(b)(2)	DETERMINATION OF LOST REVENUE AMOUNT.—			
TITLE III SEC. 302.(b)(2)(A)	IN GENERAL.—For purposes of subsection (a)(3), the eligible county or eligible Tribal government may estimate the lost revenue amount for the applicable 12-month period.			
TITLE III SEC. 302.(b)(2)(B)	REQUIREMENT.—			
TITLE III SEC. 302.(b)(2)(B)(i)	IN GENERAL.—Not later than 90 days after the last day of the applicable 12-month period, the eligible county or eligible Tribal government shall submit to the Secretary for verification documentation demonstrating the actual lost revenue amount for the eligible county or eligible Tribal government.			
TITLE III SEC. 302.(b)(2)(B)(ii)	PAYMENT ADJUSTMENT.—If the actual lost revenue amount for a 12-month period is greater than or less than the lost revenue amount estimated under subparagraph (A) for that period, the Secretary shall increase or decrease, as applicable, the payment made to the eligible county or eligible Tribal government under paragraph (1) for the succeeding 12-month period to reflect the difference.			
TITLE III SEC. 302.(b)(3)	MAINTENANCE OF FUNDING.—Payments made to eligible counties or eligible Tribal governments under this section shall supplement (and not supplant) other Federal funding made available to eligible counties or eligible Tribal governments.			
TITLE III SEC. 302.(b)(4)	DIRECT PAYMENTS.—Payments to eligible counties and eligible Tribal governments made under this section shall be made as direct payments and not as Federal financial assistance.			
TITLE III SEC. 302.(c)	REPORTING AND CERTIFICATION REQUIREMENT.—			
TITLE III SEC. 302.(c)(1)	IN GENERAL.—Not later than 90 days after the date on which an eligible county or an eligible Tribal government receives a payment under this section, the eligible county or eligible Tribal government shall—			
TITLE III SEC. 302.(c)(1)(A)	publicly report any amounts the eligible county or eligible Tribal government has claimed on behalf of any subgovernmental entity in estimating the lost revenue amount for that payment under subsection (b)(2)(A); and	amounts, eligible, revenue, amount, payment	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE III SEC. 302.(c)(1)(B)	certify to the Secretary that any such amounts have been transferred to the subgovernmental entity.			
TITLE III SEC. 302.(c)(2)	FAILURE TO REPORT AND CERTIFY.—If an eligible county or eligible Tribal government fails to comply with the requirements of paragraph (1) by the deadline described in that paragraph, the eligible county or eligible Tribal government shall not be eligible for future payments under this section.			
TITLE III SEC. 302.(d)	MANDATORY FUNDING.—There is appropriated to the Secretary to carry out this section, out of any funds in the Treasury not otherwise appropriated, $3,500,000,000 for each of fiscal years 2022 through 2031, to remain available until expended.	appropriated, carry, funds, treasury, otherwise, fiscal, years, remain, available, expended	SEC. 2.(g)	INITIAL CAPITALIZATION.—There is appropriated to carry out this section, out of any funds in the Treasury not otherwise appropriated, $7,500,000,000 for each of fiscal years 2022 and 2023, to remain available until expended.
TITLE III SEC. 302.(d)		appropriated, funds, treasury, otherwise, remain, available, expended	SEC. 5.(j)	INITIAL APPROPRIATION.—For purposes of subsection (c)(2), there is appropriated, out of any funds in the Treasury not otherwise appropriated, to remain available until expended—
TITLE III SEC. 302.(d)		funding, appropriated, secretary, carry, funds, treasury, otherwise, fiscal, years, remain, available, expended	SEC. 7.(h)(1)	INITIAL FUNDING.—There is appropriated to the Secretary, out of any funds in the Treasury not otherwise appropriated, $5,000,000,000 for each of fiscal years 2022 and 2023 to carry out this section, to remain available until expended.
TITLE III SEC. 303.	ENVIRONMENTAL RESTORATION.			
TITLE III SEC. 303.(a)	ABANDONED MINE RECLAMATION FUND.—Section 401 of the Surface Mining Control and Reclamation Act of 1977 (30 U.S.C. 1231) is amended—			
TITLE III SEC. 303.(a)(1)	in subsection (b), in the matter preceding paragraph (1), by inserting ‘‘amounts transferred under subsection (g) and’’ before ‘‘amounts deposited’’; and			
TITLE III SEC. 303.(a)(2)	by adding at the end the following:			
[TITLE III SEC. 303.(a)(2)] (g)	TRANSFER OF AMOUNTS TO FUND.—			
[TITLE III SEC. 303.(a)(2)] (g)(1)	IN GENERAL.—On October 1, 2022, and on each October 1 thereafter through October 1, 2031, the Secretary of the Treasury shall transfer to the fund $1,100,000,000.			
[TITLE III SEC. 303.(a)(2)] (g)(2)	INFLATION ADJUSTMENT.—The amount made available under paragraph (1) for each of fiscal years 2024 through 2032 shall be adjusted annually to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.’’.			
TITLE III SEC. 303.(b)	COAL ASH CLEANUP.—			
TITLE III SEC. 303.(b)(1)	IN GENERAL.—There are appropriated to the Administrator of the Environmental Protection Agency, out of any funds in the Treasury not otherwise appropriated, for each of fiscal years 2023 through 2032, to remain available until expended—	appropriated, funds, treasury, otherwise, fiscal, years, remain, available, expended	SEC. 2.(g)	INITIAL CAPITALIZATION.—There is appropriated to carry out this section, out of any funds in the Treasury not otherwise appropriated, $7,500,000,000 for each of fiscal years 2022 and 2023, to remain available until expended.
TITLE III SEC. 303.(b)(1)		appropriated, funds, treasury, otherwise, remain, available, expended	SEC. 5.(j)	INITIAL APPROPRIATION.—For purposes of subsection (c)(2), there is appropriated, out of any funds in the Treasury not otherwise appropriated, to remain available until expended—
TITLE III SEC. 303.(b)(1)		appropriated, funds, treasury, otherwise, fiscal, years, remain, available, expended	SEC. 7.(h)(1)	INITIAL FUNDING.—There is appropriated to the Secretary, out of any funds in the Treasury not otherwise appropriated, $5,000,000,000 for each of fiscal years 2022 and 2023 to carry out this section, to remain available until expended.
TITLE III SEC. 303.(b)(1)		administrator, environmental, protection, agency, years	SEC. 8.(a)	IN GENERAL.—Not later than January 1, 2025, the Administrator of the Environmental Protection Agency (referred to in this section as the ‘‘Administrator’’) shall seek to enter into an agreement with the National Academy of Sciences under which the National Academy of Sciences shall carry out a study not less frequently than once every 5 years to evaluate the effectiveness of the fees established under sections 4692 and 4693 of the Internal Revenue Code of 1986 in achieving the following goals:
TITLE III SEC. 303.(b)(1)(A)	$2,000,000 to carry out enforcement actions under the Solid Waste Disposal Act (42 U.S.C. 6901 et seq.) relating to coal ash cleanup;			
TITLE III SEC. 303.(b)(1)(B)	$350,000,000 to carry out removals and remedial actions under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. 9601 et seq.) on sites—			
TITLE III SEC. 303.(b)(1)(B)(i)	that contain coal ash or other hazardous materials relating to the production of electricity from coal; and			
TITLE III SEC. 303.(b)(1)(B)(ii)(I)	for which there is no responsible party; or			
TITLE III SEC. 303.(b)(1)(B)(ii)(II)	that are owned by rural electric cooperatives or municipalities, in cases in which cleanup costs would cause significant economic harm to ratepayers; and			
TITLE III SEC. 303.(b)(1)(C)	$1,500,000 to carry out the Technical Assistance Services for Communities Program of the Environmental Protection Agency.			
TITLE III SEC. 303.(b)(2)	INFLATION ADJUSTMENT.—The amount made available under each of subparagraphs (A), (B), and (C) of paragraph (1) for each of fiscal years 2024 through 2032 shall be adjusted annually to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.			
	, and (C) of paragraph (1) for each of fiscal years 2024 through 2032 shall be adjusted annually to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.			
TITLE III SEC. 303.(c)	ORPHANED, ABANDONED, OR IDLED WELLS ON FEDERAL LAND.—Section 349 of the Energy Policy Act of 2005 (42 U.S.C. 15907) is amended—	land, energy, policy, act, u.s.c	SEC. 6.(b)(1)(B)	INCLUSION OF TRIBAL LAND.—The term ‘‘eligible land’’ includes land described in subparagraph (A) that is Indian land (as defined in section 2601 of the Energy Policy Act of 1992 (25 U.S.C. 3501)).
TITLE III SEC. 303.(c)(1)	in subsection (g)—			
TITLE III SEC. 303.(c)(1)(A)	in paragraph (1)—			
TITLE III SEC. 303.(c)(1)(A)(i)	by striking ‘‘to facilitate State efforts’’ and inserting ‘‘and Indian Tribes to facilitate State and Tribal efforts’’; and			
TITLE III SEC. 303.(c)(1)(A)(ii)	by striking ‘‘on State or private land’’ and inserting ‘‘on State, Tribal, or private land’’;			
TITLE III SEC. 303.(c)(1)(B)	in paragraph (2)—			
TITLE III SEC. 303.(c)(1)(B)(i)	by striking ‘‘Commission, to assist the States’’ and inserting ‘‘Commission, and Indian Tribes to assist the States and Indian Tribes’’; and			
TITLE III SEC. 303.(c)(1)(B)(ii)	by striking ‘‘on State and private land’’ and inserting ‘‘on State, Tribal, and private land, as applicable’’; and			
TITLE III SEC. 303.(c)(1)(C)	in paragraph (3)(D), by inserting ‘‘or Tribal’’ after ‘‘State’’;			
TITLE III SEC. 303.(c)(2)	by striking subsection (h) and inserting the following:			
[TITLE III SEC. 303.(c)(2)] (h)	FUNDING.—			
[TITLE III SEC. 303.(c)(2)] (h)(1)	IN GENERAL.—There is appropriated to carry out this section, out of any funds in the Treasury not otherwise appropriated, $800,000,000 for each of fiscal years 2023 through 2032, to remain available until expended, of which $100,000,000 shall be used each fiscal year to carry out subsection (g).	appropriated, carry, funds, treasury, otherwise, fiscal, years, remain, available, expended	SEC. 2.(g)	INITIAL CAPITALIZATION.—There is appropriated to carry out this section, out of any funds in the Treasury not otherwise appropriated, $7,500,000,000 for each of fiscal years 2022 and 2023, to remain available until expended.
[TITLE III SEC. 303.(c)(2)] (h)(1)		appropriated, funds, treasury, otherwise, remain, available, expended, subsection	SEC. 5.(j)	INITIAL APPROPRIATION.—For purposes of subsection (c)(2), there is appropriated, out of any funds in the Treasury not otherwise appropriated, to remain available until expended—
[TITLE III SEC. 303.(c)(2)] (h)(1)		appropriated, carry, funds, treasury, otherwise, fiscal, years, remain, available, expended	SEC. 7.(h)(1)	INITIAL FUNDING.—There is appropriated to the Secretary, out of any funds in the Treasury not otherwise appropriated, $5,000,000,000 for each of fiscal years 2022 and 2023 to carry out this section, to remain available until expended.
	.			
[TITLE III SEC. 303.(c)(2)] (h)(2)	INFLATION ADJUSTMENT.—The amount made available under paragraph (1) for each of fiscal years 2024 through 2032 shall be adjusted annually to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.’’; and			
TITLE III SEC. 303.(c)(3)	by adding at the end the following:			
[TITLE III SEC. 303.(c)(3)] (j)	CONDITION ON USE OF FUNDS.—Amounts made available to carry out this section shall only be used to remediate, reclaim, or close orphaned, abandoned, or idled oil and gas wells for which there is no responsible party.’’.			
TITLE III SEC. 304.	COMMUNITY ASSISTANCE PROGRAMS.			
TITLE III SEC. 304.(a)	IN GENERAL.—There are appropriated, out of any funds in the Treasury not otherwise appropriated—			
TITLE III SEC. 304.(a)(1)	to the Appalachian Regional Commission for the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative—			
TITLE III SEC. 304.(a)(1)(A)	$80,000,000 for fiscal year 2023;			
TITLE III SEC. 304.(a)(1)(B)	$110,000,000 for fiscal year 2024; and			
TITLE III SEC. 304.(a)(1)(C)	$150,000,000 for each of fiscal years 2025 through 2032;			
TITLE III SEC. 304.(a)(2)	to the Secretary of Commerce for the Assistance for Coal Communities initiative of the Economic Development Administration—			
TITLE III SEC. 304.(a)(2)(A)	$50,000,000 for fiscal year 2023;			
TITLE III SEC. 304.(a)(2)(B)	$70,000,000 for fiscal year 2024; and			
TITLE III SEC. 304.(a)(2)(C)	$90,000,000 for each of fiscal years 2025 through 2032; and			
TITLE III SEC. 304.(a)(3)	for each of fiscal years 2023 through 2032—			
TITLE III SEC. 304.(a)(3)(A)	$30,000,000 to the Appalachian Regional Commission for the high speed broadband deployment initiative under section 14509 of title 40, United States Code; and			
TITLE III SEC. 304.(a)(3)(B)(i)	$5,000,000 to the Appalachian Regional Commission for salaries and other costs related to hiring additional employees; and			
TITLE III SEC. 304.(a)(3)(B)(ii)	$3,000,000 to the Economic Development Administration for salaries and other costs related to hiring additional employees.			
TITLE III SEC. 304.(b)	INFLATION ADJUSTMENT.—			
TITLE III SEC. 304.(b)(1)	IN GENERAL.—The amount made available under each of paragraphs (1)(C) and (2)(C) of subsection (a) for each of fiscal years 2026 through 2032 shall be adjusted annually to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.			
TITLE III SEC. 304.(b)(2)	ADDITIONAL ADJUSTMENTS.—The amount made available under each of paragraph (3)(A) and clauses (i) and (ii) of paragraph (3)(B) of subsection (a) for each of fiscal years 2024 through 2032 shall be adjusted annually to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.			
	for each of fiscal years 2024 through 2032 shall be adjusted annually to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.			
TITLE III SEC. 304.(c)	SUPPLEMENT, NOT SUPPLANT.—Amounts made available under subsection (a)(3)(B) shall supplement, and not supplant, amounts otherwise made available for the programs, initiatives, and purposes described in that subsection.			
TITLE III SEC. 304.(d)	ASSISTANCE TO OIL AND GAS COMMUNITIES.—			
TITLE III SEC. 304.(d)(1)	IN GENERAL.—Section 209(c) of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3149(c)) is amended—			
TITLE III SEC. 304.(d)(1)(A)	in paragraph (4), by striking ‘‘or’’ at the end;			
TITLE III SEC. 304.(d)(1)(B)	in paragraph (5), by striking the period at the end and inserting ‘‘; or’’; and			
TITLE III SEC. 304.(d)(1)(C)	by adding at the end the following:			
[TITLE III SEC. 304.(d)(1)(C)] (6)	the loss of jobs, economic activity, or public revenues attributable to a decline in oil, natural gas, or mineral extraction from Federal land and related industries, for activities and programs that support economic diversification, job creation, capital investment, such as environmental remediation and infrastructure development, and workforce development and reemployment opportunities.’’.	federal, capital, investment, infrastructure, workforce, opportunities	SEC. 2.(a)(2)(B)(ii)	using Federal investment to encourage the infusion of private capital and investment into the clean energy and resilient infrastructure sectors, while creating new workforce opportunities; and
[TITLE III SEC. 304.(d)(1)(C)] (6)		public, oil, natural, gas, land	SEC. 7.(d)(3)(C)	reclamation and plugging of abandoned oil and natural gas wells on private and public land; and
TITLE III SEC. 304.(d)(2)	COST SHARING.—Section 204(c) of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3144(c)) is amended by adding at the end the following:			
[TITLE III SEC. 304.(d)(2)] (4)	ASSISTANCE FOR OIL AND GAS COMMUNITIES.—In the case of a grant under section 209 for a community described in subsection (c)(6) of that section, the Secretary may increase the Federal share up to 100 percent of the cost of the project.’’.			
TITLE III SEC. 304.(d)(3)	FUNDING.—Title VII of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3231 et seq.) is amended by adding at the end the following:			
[TITLE III SEC. 304.(d)(3)] SEC. 705.	APPROPRIATIONS FOR OIL AND GAS COMMUNITIES.			
[TITLE III SEC. 304.(d)(3)] SEC. 705.(a)	IN GENERAL.—In addition to amounts made available under section 701, there is appropriated, out of any funds in the Treasury not otherwise appropriated, $200,000,000 for fiscal year 2027 and each fiscal year thereafter to carry out section 209(c)(6).	available, appropriated, funds, treasury, otherwise, fiscal, carry	SEC. 2.(g)	INITIAL CAPITALIZATION.—There is appropriated to carry out this section, out of any funds in the Treasury not otherwise appropriated, $7,500,000,000 for each of fiscal years 2022 and 2023, to remain available until expended.
[TITLE III SEC. 304.(d)(3)] SEC. 705.(a)		amounts, appropriated, funds, treasury, otherwise	[SEC. 4.(a)] SEC. 9512.(b)	TRANSFERS TO AMERICA’S CLEAN FUTURE FUND.—There is appropriated to the Trust Fund, out of any funds in the Treasury not otherwise appropriated, amounts equal to the fees received into the Treasury under sections 4692, 4693, and 4695, less—
[TITLE III SEC. 304.(d)(3)] SEC. 705.(a)		available, appropriated, funds, treasury, otherwise	SEC. 5.(j)	INITIAL APPROPRIATION.—For purposes of subsection (c)(2), there is appropriated, out of any funds in the Treasury not otherwise appropriated, to remain available until expended—
[TITLE III SEC. 304.(d)(3)] SEC. 705.(a)		available, appropriated, funds, treasury, otherwise, fiscal, carry	SEC. 7.(h)(1)	INITIAL FUNDING.—There is appropriated to the Secretary, out of any funds in the Treasury not otherwise appropriated, $5,000,000,000 for each of fiscal years 2022 and 2023 to carry out this section, to remain available until expended.
[TITLE III SEC. 304.(d)(3)] SEC. 705.(b)	ADJUSTMENT.—The amount made available under subsection (a) shall be adjusted annually to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.’’.			
TITLE IV	—ASSISTANCE TO ENVIRONMENTAL JUSTICE COMMUNITIES			
TITLE IV SEC. 401.	ASSISTANCE TO ENVIRONMENTAL JUSTICE COMMUNITIES.			
TITLE IV SEC. 401.(a)	IN GENERAL.—For each fiscal year beginning after September 30, 2022, the amounts appropriated under subsection (b) shall be apportioned as follows:	fiscal, beginning, september, amounts, apportioned	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE IV SEC. 401.(a)(1)	ENERGY AFFORDABILITY.—			
TITLE IV SEC. 401.(a)(1)(A)	For the low-income home energy assistance program established under the Low-Income Home Energy Assistance Act of 1981 (42 U.S.C. 8621 et seq.), 33 percent of such amounts, of which 3 percent shall be allocated to Indian Tribes.	assistance, act, u.s.c, indian, tribes	SEC. 5.(i)	PUBLIC AWARENESS CAMPAIGN.—The Secretary shall conduct a public awareness campaign, in coordination with the Commissioner of Social Security, the heads of other relevant Federal agencies, and Indian Tribes (as defined in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304)), to provide information to the public regarding the availability of carbon fee rebate payments under this section.
TITLE IV SEC. 401.(a)(1)(B)	For the weatherization assistance program implemented under part A of title IV of the Energy Conservation and Production Act (42 U.S.C. 6861 et seq.), 24 percent of such amounts.			
TITLE IV SEC. 401.(a)(2)	POLLUTION REDUCTION IN ENVIRONMENTAL JUSTICE COMMUNITIES.—			
TITLE IV SEC. 401.(a)(2)(A)	For awarding competitive grants under the State Energy Program established under part D of title III of the Energy Policy and Conservation Act (42 U.S.C. 6321 et seq.) to State energy offices to promote distributed energy resources, microgrids, community solar, energy efficiency, energy resilience, and building electrification in environmental justice communities (as defined in section 102(a)), 13 percent of such amounts.	act, community, environmental, justice, defined	[SEC. 3.(a)(1)] SEC. 4694.(d)(2)	with respect to any environmental justice community (as defined in section 2(d)(1)(D) of the America’s Clean Future Fund Act), creating health or environmental harm to such community, such facility shall not be eligible for any payment under this section during the period of such violation.
TITLE IV SEC. 401.(a)(2)(A)		energy, policy, act, u.s.c, defined	SEC. 6.(b)(1)(B)	INCLUSION OF TRIBAL LAND.—The term ‘‘eligible land’’ includes land described in subparagraph (A) that is Indian land (as defined in section 2601 of the Energy Policy Act of 1992 (25 U.S.C. 3501)).
TITLE IV SEC. 401.(a)(2)(B)	For grants under the Environmental Justice Small Grants Program and the Environmental Justice Collaborative Problem-Solving Cooperative Agreement Program (as those programs are in existence on the date of enactment of this Act) of the Environmental Protection Agency, 3 percent of such amounts.			
TITLE IV SEC. 401.(a)(2)(C)	For enforcement activities of the Environmental Protection Agency under section 113 of the Clean Air Act (42 U.S.C. 7413), 3 percent of such amounts.			
TITLE IV SEC. 401.(a)(2)(D)	For grants under the low or no emission grant program under subsection (c) of section 5339 of title 49, United States Code, 8 percent of such amounts, subject to the requirement that the amounts are used only to finance eligible projects under that subsection with respect to zero emission vehicles (as defined in paragraph (1) of that subsection).	united, states, code, eligible, projects	SEC. 2.(e)(4)(A)	IN GENERAL.—All laborers and mechanics employed by eligible entities and eligible borrowers on projects funded directly by or assisted in whole or in part by the activities of the C2FC under this section shall be paid at wages at rates not less than those prevailing on projects of a similar character in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of title 40, United States Code (commonly known as the ‘‘Davis-Bacon Act’’).
TITLE IV SEC. 401.(a)(2)(D)		grant, united, states, code, eligible, projects	SEC. 7.(e)(2)(A)	IN GENERAL.—All laborers and mechanics employed by eligible entities to carry out projects and activities funded directly by or assisted in whole or in part by a grant under this section shall be paid at wages at rates not less than those prevailing on projects of a similar character in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of title 40, United States Code (commonly known as the ‘‘DavisBacon Act’’).
TITLE IV SEC. 401.(a)(2)(E)	For grants under subtitle G of title VII of the Energy Policy Act of 2005 (42 U.S.C. 16131 et seq.), 6 percent of such amounts.			
TITLE IV SEC. 401.(a)(2)(F)	For the urban and community forestry program under section 9 of the Cooperative Forestry Assistance Act of 1978 (16 U.S.C. 2105), 0.5 percent of such amounts.	forestry, cooperative, assistance, act, u.s.c	SEC. 6.(b)(1)(A)(ii)(II)	nonindustrial private forest land (as defined in section 5(c) of the Cooperative Forestry Assistance Act of 1978 (16 U.S.C. 2103a(c))).
TITLE IV SEC. 401.(a)(3)	BUSINESS DEVELOPMENT AND CAREER TRAINING.—			
TITLE IV SEC. 401.(a)(3)(A)	For the Environmental Workforce and Job Training Grants program established under section 104(k)(7) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. 9604(k)(7)), 1 percent of such amounts.			
TITLE IV SEC. 401.(a)(3)(B)	For the Environmental Career Worker Training Program of the National Institute of Environmental Health Sciences established pursuant to section 126(g) of the Superfund Amendments and Reauthorization Act of 1986 (29 U.S.C. 655 note; Public Law 99–499), 1 percent of such amounts.	act, u.s.c, note, public, law	SEC. 2.(e)(1)(D)(vi)	a minority depository institution (as defined in section 308(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1463 note; Public Law 101–73)); and
TITLE IV SEC. 401.(a)(3)(C)	For grants under the Minority Science and Engineering Improvement Program under subpart 1 of part E of title III of the Higher Education Act of 1965 (20 U.S.C. 1067 et seq.), 1 percent of such amounts.			
TITLE IV SEC. 401.(a)(3)(D)	For grants for public works and economic development under section 201 of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3141), 2 percent of such amounts.			
TITLE IV SEC. 401.(a)(3)(E)	For assistance provided under the microloan program established under section 7(m) of the Small Business Act (15 U.S.C. 636(m)), 1 percent of such amounts.			
TITLE IV SEC. 401.(a)(3)(F)	For the Minority Business Development Agency, 0.5 percent of such amounts.			
TITLE IV SEC. 401.(a)(4)	TRIBAL PROGRAMS.—			
TITLE IV SEC. 401.(a)(4)(A)	For grants under the Indian Environmental General Assistance Program established under section 502 of Public Law 95–134 (42 U.S.C. 4368b), 2 percent of such amounts.			
TITLE IV SEC. 401.(a)(4)(B)	For grants under the Tribal Climate Resilience Program of the Bureau of Indian Affairs, 1 percent of such amounts.			
TITLE IV SEC. 401.(b)	APPROPRIATION.—To carry out the purposes of this section, out of any funds in the Treasury not otherwise appropriated, there are appropriated amounts equal to the fees received into the Treasury under subchapter E of chapter 38 of the Internal Revenue Code of 1986 and section 102 of this Act, less any amounts refunded or paid under—	carry, funds, treasury, otherwise, appropriated	SEC. 2.(g)	INITIAL CAPITALIZATION.—There is appropriated to carry out this section, out of any funds in the Treasury not otherwise appropriated, $7,500,000,000 for each of fiscal years 2022 and 2023, to remain available until expended.
TITLE IV SEC. 401.(b)		funds, treasury, otherwise, appropriated, amounts, equal, fees	[SEC. 4.(a)] SEC. 9512.(b)	TRANSFERS TO AMERICA’S CLEAN FUTURE FUND.—There is appropriated to the Trust Fund, out of any funds in the Treasury not otherwise appropriated, amounts equal to the fees received into the Treasury under sections 4692, 4693, and 4695, less—
TITLE IV SEC. 401.(b)		amounts, equal, internal, revenue, code	SEC. 5.(c)(1)	IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year.
TITLE IV SEC. 401.(b)		appropriation, purposes, funds, treasury, otherwise, appropriated	SEC. 5.(j)	INITIAL APPROPRIATION.—For purposes of subsection (c)(2), there is appropriated, out of any funds in the Treasury not otherwise appropriated, to remain available until expended—
TITLE IV SEC. 401.(b)		carry, funds, treasury, otherwise, appropriated	SEC. 7.(h)(1)	INITIAL FUNDING.—There is appropriated to the Secretary, out of any funds in the Treasury not otherwise appropriated, $5,000,000,000 for each of fiscal years 2022 and 2023 to carry out this section, to remain available until expended.
TITLE IV SEC. 401.(b)		carry, amounts, internal, revenue, code	SEC. 7.(h)(2)	AMERICA’S CLEAN FUTURE FUND.—The Secretary shall carry out this section using amounts made available from the America’s Clean Future Fund under section 9512 of the Internal Revenue Code of 1986 (as added by section 4).
TITLE IV SEC. 401.(b)		carry, fees, internal, revenue, code	SEC. 8.(a)	IN GENERAL.—Not later than January 1, 2025, the Administrator of the Environmental Protection Agency (referred to in this section as the ‘‘Administrator’’) shall seek to enter into an agreement with the National Academy of Sciences under which the National Academy of Sciences shall carry out a study not less frequently than once every 5 years to evaluate the effectiveness of the fees established under sections 4692 and 4693 of the Internal Revenue Code of 1986 in achieving the following goals:
TITLE IV SEC. 401.(b)(1)	sections 4691(c), 4692(e), and 4695(b) of the Internal Revenue Code of 1986;			
TITLE IV SEC. 401.(b)(2)	section 6428C of such Code;			
TITLE IV SEC. 401.(b)(3)	section 401(g) of the Surface Mining Control and Reclamation Act of 1977; and			
TITLE IV SEC. 401.(b)(4)	sections 201(b), 202, 301, 302, 303(b), and 304 of this Act.			
TITLE V	—OTHER PROVISIONS			
TITLE V SEC. 501.	PUBLIC DISCLOSURE OF REVENUES AND EXPENDITURES.			
TITLE V SEC. 501.(a)	ESTABLISHMENT OF WEBSITE.—The Secretary of the Treasury, or the Secretary’s designee, shall establish a website for purposes of making the disclosures described in subsection (b).			
TITLE V SEC. 501.(b)	DISCLOSURES.—The Secretary shall make publicly available, on an ongoing basis and as frequently as possible, the following information:			
TITLE V SEC. 501.(b)(1)	The amount and sources of revenue attributable to this Act and the amendments made by this Act.			
TITLE V SEC. 501.(b)(2)	The amount of tax savings and benefits received as a result of title II of this Act.			
TITLE V SEC. 502.	SEVERABILITY. If any provision of this Act or amendment made by this Act, or the application of a provision or amendment to any person or circumstance, is held to be unconstitutional, the remainder of this Act and amendments made by this Act, and the application of the provisions and amendment to any person or circumstance, shall not be affected by the holding.			
TITLE V SEC. 503.	RULE OF CONSTRUCTION. Nothing in this Act (or amendment made by this Act) or any regulation promulgated under this Act shall be construed so as to preempt or supersede any State or local law, regulation, policy, or program.			
TITLE V SEC. 504.	REMEDIES PRESERVED. Compliance with this Act (or any amendment made by this Act) or any standard, regulation, or requirement prescribed under this Act shall not relieve any person from liability at common law or under State or Federal law.