Polluters Pay Climate Fund Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 26
- Latest action
- Feb 7, 2025
What it does
The bill would impose a tax on fossil fuel companies based on their historical carbon dioxide emissions from extracting or refining fossil fuels between 2000 and 2023, with the tax amount proportional to each company's share of total covered emissions above a 1-billion-metric-ton threshold. The revenue would be deposited into a newly established Polluters Pay Climate Fund in the U.S. Treasury to finance climate adaptation and resilience efforts, particularly for vulnerable communities. Companies may elect to pay the tax in nine annual installments starting September 30, 2026, with provisions for joint liability in corporate groups and regulatory implementation by the Treasury Secretary…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.