Polluters Pay Climate Fund Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- +3
- Latest action
- Jan 7, 2025
What it does
The bill would impose a tax on fossil fuel companies responsible for over 1 billion metric tons of carbon dioxide emissions from 2000 to 2023, with the tax amount based on each company's share of total covered emissions, to fund the newly established Polluters Pay Climate Fund. The tax would be payable by September 30, 2026, with an option to pay in nine annual installments, and the fund's expenditures would support climate adaptation and resilience efforts, particularly for environmental justice communities disproportionately affected by climate change. The legislation targets U.S. persons or entities engaged in fossil fuel extraction or crude oil refining during the specified period and…
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one 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.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.