,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bidj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #ai1 #bjad    
,mr4 ,:iteh\se 7= himself & ,mr4 ,s*atz7
 introduc$ ! foll[+ bill2 :i* 0 read    
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to provide = c>bon 
dioxide & o!r gre5h\se gas emission     
fees4  #a4 ,%ort title  ,?is ,act may be
 cit$ z ! ,am]ican ,opportunity ,c>bon  
,fee ,act4  #b4 ,c>bon dioxide & o!r    
gre5h\se gas emission fees  7a7 ,9 g5]al
 ,*apt] #ch ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by add+ at ! end !re( ! 
foll[+ new sub*apt]3  ,e ,c>bon dioxide 
& o!r gre5h\se gas emission fees  ,sec4 
#dfia4 ,fee = c>bon dioxide emissions4  
,sec4 #dfib4 ,fee = non-c>bon dioxide   
gre5h\se gas emissions4 ,sec4 #dfic4    
,escap$ me?ane4 ,sec4 #dfid4 ,bord]     
adju/m5ts4 ,sec4 #dfie4 ,def9itions &   
o!r rules4  #dfia4 ,fee = c>bon dioxide 
emissions  7a7 ,9 g5]al  7#a7 ,fossil   
fuel products produc+ c>bon emissions   
7,a7 ,9 g5]al ,!re is h]eby impos$ a fee

 9 an am\nt equal to ! applicable am\nt 
at ! rate specifi$ 9 subp>agraph 7,b7   
on-- 7i7 coal-- 7,i7 remov$ f any m9e 9 
! ,unit$ ,/ates1 or  7,,ii7 ent]$ into !
 ,unit$ ,/ates = consumption1 use1 or   
w>eh\s+1  7ii7 petroleum products-- 7,i7
 remov$ f any ref9]y1  7,,ii7 remov$ f  
any t]m9al1 or  7,,iii7 ent]$ into !    
,unit$ ,/ates = consumption1 use1 or    
w>eh\s+1 &  7iii7 natural gas-- 7,i7    
ent]$ into any processor1 or  7,,ii7    
ent]$ into ! ,unit$ ,/ates =            
consumption1 use1 or w>eh\s+4  7,b7     
,rate ,! rate specifi$ 9 ?is subp>agraph
 ) respect to any product describ$ 9    
subp>agraph 7,a7 is an am\nt equal to ! 
applicable am\nt p] ton ( c>bon dioxide 
t w\ld be emitt$ ?r\gh ! combu/ion ( su*
 product 7z det]m9$ by ! ,secret>y1 9   
consultation ) ! ,secret>y ( ,en]gy & ! 
,adm9i/rator ( ! ,environm5tal          
,protection ,ag5cy74  7#b7 ,emissions   
attributable to o!r sub/ances ,!re is   
h]eby impos$ a fee 9 an am\nt equal to !
 applicable am\nt p] ton ( c>bon dioxide

 emitt$-- 7,a7 f any facility :i*-- 7i7 
is requir$ to report emissions1 or to   
:i* emissions are attribut$1 "u subp>t  
,a ( "p #ih ( title #dj1 ,code ( ,f$]al 
,regulations1 z 9 effect on ! date ( !  
enactm5t ( ! ,am]ican ,opportunity      
,c>bon ,fee ,act1 &  7ii7 emits n less  
?an #be1jjj tons ( c>bon dioxide        
emissions dur+ ! previ\s cal5d> ye>1 &  
7,b7 by reason ( ! combu/ion or process+
 ( any product o!r ?an coal1 petroleum  
products1 & natural gas4  7b7           
,applicable am\nt  7#a7 ,9 g5]al ,=     
purposes ( ?is "p1 ! applicable am\nt   
is-- 7,a7 = cal5d> ye> #bjae1 #db1  7,b7
 = any cal5d> ye> foll[+ a ye> :i* is n 
a national emissions t>get atta9m5t ye>1
 ! sum (-- 7i7 ! product ( ! am\nt 9    
effect "u ?is subp>agraph = ! prec$+    
cal5d> ye> & #ajb p]c5t1 &  7ii7 !      
inflation adju/m5t am\nt det]m9$ "u     
p>agraph 7#b71 &  7,c7 = any cal5d> ye> 
foll[+ a ye> :i* is a national emissions
 t>get atta9m5t ye>1 ! sum (-- 7i7 !    
am\nt 9 effect "u ?is subp>agraph = !   

prec$+ cal5d> ye>1 &  7ii7 ! inflation  
adju/m5t am\nt det]m9$ "u p>agraph 7#b74
  7#b7 ,inflation adju/m5t am\nt  7,a7  
,9 g5]al ,! inflation adju/m5t am\nt =  
any cal5d> ye> %all be an am\nt 7n less 
?an z]o7 equal to ! product (-- 7i7 !   
am\nt det]m9$ "u p>agraph 7#a77;,b77i7  
or 7#a77;,c77i71 z applicable1 = su*    
ye>1 &  7ii7 ! p]c5tage by :i* ! ,,cpi =
 ! prec$+ cal5d> ye> exce$s ! ,,cpi = ! 
second prec$+ cal5d> ye>4  7,b7 ,,cpi   
,rules simil> to ! rules ( p>agraphs    
7#d7 & 7#e7 ( section #a7;f7 %all apply 
= purposes ( ?is p>agraph4  7#c7 ,r\nd+ 
,! applicable am\nt "u ?is subsection   
%all be r\nd$ up to ! next :ole doll>   
am\nt4  7#d7 ,national emissions t>get  
atta9m5t ye> ,= purposes ( p>agraph     
7#a71 a cal5d> ye> is a national        
emissions t>get atta9m5t ye> if ! level 
( gre5h\se gas emissions 9 ! ,unit$     
,/ates = ! cal5d> ye> does n exce$ #bj  
p]c5t ( ! level ( gre5h\se gas emissions
 9 ! ,unit$ ,/ates = cal5d> ye> #bjje z 
det]m9$ by ! ,secret>y 9 consultation ) 

! ,adm9i/rator ( ! ,environm5tal        
,protection ,ag5cy4  7c7 ,refunds =     
captur+ c>bon dioxide & production (    
c]ta9 goods  7#a7 ,c>bon dioxide        
capture1 utilization1 & /orage  7,a7 ,9 
g5]al ,9 ! case ( a p]son :o-- 7i7 uses 
any coal1 petroleum product1 or natural 
gas = :i* a fee has be5 impos$ "u       
subsection 7a77#a7 9 a mann] :i* results
 9 ! emission ( qualifi$ c>bon dioxide1 
7ii7 captures ! result+ emitt$ qualifi$ 
c>bon dioxide at a qualifi$ facility1 & 
7iii7 7,i7 disposes ( su* qualifi$ c>bon
 dioxide 9 secure /orage1 or  7,,ii7    
utilizes su* qualifi$ c>bon dioxide 9 a 
mann] provid$ 9 subp>agraph 7,d71  !re  
%all be all[$ a refund1 9 ! same mann] z
 if x 7 an ov]paym5t ( ! fee impos$ by  
su* subsection1 to su* p]son 9 am\nt    
det]m9$ "u subp>agraph 7,b74  7,b7      
,am\nt ( refund ,! am\nt ( ! refund "u  
?is subp>agraph is an am\nt equal to !  
product (-- 7i7 ! applicable am\nt "u   
subsection 7b7 = ! cal5d> ye> 9 :i* su* 
qualifi$ c>bon dioxide 0 captur$ &      

dispos$ or utiliz$1 &  7ii7 ! adju/$    
tons ( qualifi$ c>bon dioxide captur$ & 
dispos$ or utiliz$4  7,c7 ,adju/$ total 
tons ,= purposes ( subp>agraph 7,b71 !  
adju/$ tons ( qualifi$ c>bon dioxide    
captur$ & dispos$ or utiliz$ %all be !  
total tons ( qualifi$ c>bon dioxide     
captur$ & dispos$ or utiliz$ r$uc$ by ! 
am\nt ( any anticipat$ leakage ( c>bon  
dioxide into ! atmosph]e due to imp]fect
 /orage te*nology or o!rwise1 z det]m9$ 
by ! ,secret>y 9 consultation ) !       
,adm9i/rator ( ! ,environm5tal          
,protection ,ag5cy4  7,d7 ,requirem5ts  
7i7 ,9 g5]al ,any refund "u subp>agraph 
7,a7 %all apply only ) respect to       
qualifi$ c>bon dioxide t has be5 captur$
 & dispos$ or utiliz$ )9 ! ,unit$       
,/ates4  7ii7 ,disposal & secure /orage 
7,i7 ,secure /orage ,! ,secret>y1 9     
consultation ) ! ,adm9i/rator ( !       
,environm5tal ,protection ,ag5cy & !    
,secret>y ( ,en]gy1 %all e/abli%        
regulations simil> to ! regulations "u  
section #de,q7d77#b7 = det]m9+ adequate 

security measures = ! secure /orage (   
qualifi$ c>bon dioxide = purposes (     
subp>agraph 7,a77iii77,i74  7,,ii7      
,recapture ,! ,secret>y %all1 by        
regulations1 provide = recaptur+ !      
b5efit ( any refund made "u subp>agraph 
7,a7 ) respect to any qualifi$ c>bon    
dioxide :i* is dispos$ 9 secure /orage &
 ceases to be /or$ 9 a mann] consi/5t ) 
! requirem5ts ( ?is section4  7iii7     
,utilization ,! ,secret>y1 9            
consultation ) ! ,adm9i/rator ( !       
,environm5tal ,protection ,ag5cy1 %all  
e/abli% regulations provid+ = !         
appropriate me?ods & mann]s = !         
utilization ( qualifi$ c>bon dioxide "u 
subp>agraph 7,a77iii77,,ii71 includ+ !  
utilization ( captur$ c>bon dioxide =   
enhanc$ oil or gas recov]y & !          
production ( sub/ances su* z pla/ics1   
bi(uels1 & *emicals4 ,su* regulations   
%all provide = ! m9imization ( ! escape 
or fur!r emission ( ! qualifi$ c>bon    
dioxide into ! atmosph]e4  7,e7         
,qualifi$ c>bon dioxide2 qualifi$       

facility ,= purposes ( ?is p>agraph--   
7i7 ,qualifi$ c>bon dioxide ,! t]m      
qualifi$ c>bon dioxide has ! same mean+ 
giv5 t t]m "u section #de,q7b74  7ii7   
,qualifi$ facility ,! t]m qualifi$      
facility has ! same mean+ giv5 t t]m "u 
section #de,q7c71 det]m9$ )\t reg>d to  
p>agraph 7#c7 !re(4  7#b7 ,manufacture (
 c]ta9 goods ,9 ! case ( a p]son :o uses
 any coal1 petroleum product1 or natural
 gas = :i* a fee has be5 impos$ "u      
subsection 7a77#a7 z an input = a       
manufactur$ good t encapsulates c>bon   
dioxide 9 a mann] su* t x does n result 
9 ! direct emission ( c>bon dioxide 9 ! 
manufactur+ or subsequ5t use ( su* good1
 a refund %all be all[$ to su* p]son 9 !
 same mann] z if x 7 an ov]paym5t ( !   
fee impos$ by su* section 9 an am\nt t  
is equal to ! product (-- 7,a7 an am\nt 
equal to ! applicable am\nt "u          
subsection 7b7 = ! cal5d> ye> 9 :i* su* 
product 0 us$1 &  7,b7 ! total tons (   
c>bon dioxide t w\ld h o!rwise be5      
emitt$ ?r\gh ! combu/ion ( su* product4 

7#c7 ,exports ,9 ! case ( a p]son :o    
exports any coal1 petroleum product1 or 
natural gas f ! ,unit$ ,/ates = :i* a   
fee has be5 impos$ "u subsection        
7a77#a71 a refund %all be all[$ to su*  
p]son 9 ! same mann] z if x 7 an        
ov]paym5t ( ! fee impos$ by su* section 
9 an am\nt t is equal to ! fee previ\sly
 impos$ "u su* section ) respect to su* 
product4  #dfib4 ,fee = non-c>bon       
dioxide gre5h\se gas emissions  7a7 ,9  
g5]al ,!re is h]eby impos$ a fee 9 an   
am\nt det]m9$ "u subsection 7b7 on !    
emission 7includ+ attribut$ emissions7 (
 any gre5h\se gas o!r ?an c>bon dioxide 
f any gre5h\se gas emissions s\rce4  7b7
 ,am\nt ( fee ,! am\nt ( fee impos$ by  
subsection 7a7 %all be equal to !       
applicable am\nt det]m9$ "u section     
#dfia7;b7 p] ton ( c>bon dioxide        
equival5t emitt$ by ! gre5h\se gas      
emissions s\rce4  7c7 ,gre5h\se gas     
emissions s\rce ,! t]m gre5h\se gas     
emissions s\rce means any facility :i*--
 7#a7 is requir$ to report emissions 7or

 :i* w\ld be requir$ to report emissions
 not)/&+ any o!r provision ( law        
prohibit+ ! implem5tation ( or use (    
funds = su* requirem5ts71 or to :i*     
emissions are attribut$1 "u "p #ih (    
title #dj1 ,code ( ,f$]al ,regulations1 
z 9 effect on ! date ( ! enactm5t ( !   
,am]ican ,opportunity ,c>bon ,fee ,act1 
&  7#b7 emits dur+ ! previ\s cal5d> ye> 
gre5h\se gases 7n includ+ c>bon dioxide7
 at a rate equal to ! c>bon dioxide     
equival5t ( n less ?an #be1jjj tons4    
7d7 ,special rules ,= purposes ( det]m9+
 emissions "u subsections 7a7 & 7c77#b71
 !re %all n be tak5 into acc\nt-- 7#a7 !
 emission ( fluor9at$ gre5h\se gases o!r
 ?an nitrog5 trifluoride f any facility 
t is includ$ "u-- 7,a7 ! electrical     
transmission & di/ribution equipm5t use 
s\rce category "u subp>t ,,dd ( "p #ih (
 title #dj1 ,code ( ,f$]al ,regulations1
 z 9 effect on ! date ( ! enactm5t ( !  
,am]ican ,opportunity ,c>bon ,fee ,act1 
7,b7 ! electronics manufactur+ s\rce    
category "u subp>t ,i ( su* "p1 z 9     

effect on ! date ( ! enactm5t ( !       
,am]ican ,opportunity ,c>bon ,fee ,act1 
7,c7 9 ! case ( a facility t trans=ms or
 de/roys su* gases1 ! indu/rial gas     
suppli] s\rce category "u subp>t ,,oo ( 
su* "p1 z 9 effect on ! date ( !        
enactm5t ( ! ,am]ican ,opportunity      
,c>bon ,fee ,act1 or  7,d7 ! electrical 
equipm5t manufactur+ or refurbi%m5t     
category "u subp>t ,,ss ( su* "p1 z 9   
effect on ! date ( ! enactm5t ( !       
,am]ican ,opportunity ,c>bon ,fee ,act1 
or  7#b7 ! emission ( trifluoride f any 
facility t is includ$ "u-- 7,a7 !       
indu/rial gas suppli] s\rce category "u 
subp>t ,,oo ( "p #ih ( title #dj1 ,code 
( ,f$]al ,regulations1 z 9 effect on !  
date ( ! enactm5t ( ! ,am]ican          
,opportunity ,c>bon ,fee ,act1 or  7,b7 
! s\rce category = import]s & export]s (
 fluor9at$ gre5h\se gases conta9$ 9     
pre-*>g$ equipm5t or clos$-cell foams "u
 subp>t ,,qq ( su* "p1 z 9 effect on !  
date ( ! enactm5t ( ! ,am]ican          
,opportunity ,c>bon ,fee ,act4  #dfic4  

,escap$ me?ane  7a7 ,report+ program    
7#a7 ,9 g5]al ,n lat] ?an ,janu>y #a1   
#bjaf1 ! ,secret>y ( ! ,treasury1 9     
consultation ) ! ,adm9i/rator ( !       
,environm5tal ,protection ,ag5cy & !    
,adm9i/rator ( ! ,en]gy ,in=mation      
,adm9i/ration1 %all e/abli% & implem5t a
 program to provide = ! collection (    
data on me?ane emissions by major       
non-natural s\rces1 includ+ me?ane      
emissions attributable to ! extraction &
 di/ribution ( coal1 petroleum products1
 & natural gas4  7#b7 ,annual report ,n 
lat] ?an #ab mon?s aft] ! date t !      
,secret>y implem5ts ! program describ$ 9
 p>agraph 7#a71 & annually !reaft]1 !   
,secret>y %all issue a report1 to be    
made available to ! public & !          
appropriate ,committees ( ,congress1 on 
me?ane emissions1 includ+-- 7,a7        
id5tification ( all major non-natural   
s\rce categories ( me?ane emissions1    
7,b7 ! total am\nt1 express$ 9 tons (   
c>bon dioxide equival5t1 (-- 7i7 me?ane 
emissions attributable to ! extraction &

 di/ribution ( coal )9 ! ,unit$ ,/ates  
dur+ ! prec$+ cal5d> ye>1  7ii7 me?ane  
emissions attributable to ! extraction &
 di/ribution ( petroleum products )9 !  
,unit$ ,/ates dur+ ! prec$+ cal5d> ye>1 
&  7iii7 me?ane emissions attributable  
to ! extraction & di/ribution ( natural 
gas )9 ! ,unit$ ,/ates dur+ ! prec$+    
cal5d> ye>1 &  7,c7 ! total am\nt1      
express$ 9 tons ( c>bon dioxide         
equival5t1 (-- 7i7 gre5h\se gas         
emissions attributable to ! extraction1 
di/ribution1 & combu/ion ( coal )9 !    
,unit$ ,/ates dur+ ! prec$+ cal5d> ye>1 
7ii7 gre5h\se gas emissions attributable
 to ! extraction1 di/ribution1 &        
combu/ion ( petroleum products )9 !     
,unit$ ,/ates dur+ ! prec$+ cal5d> ye>1 
&  7iii7 gre5h\se gas emissions         
attributable to ! extraction1           
di/ribution1 & combu/ion ( natural gas  
)9 ! ,unit$ ,/ates dur+ ! prec$+ cal5d> 
ye>4  7b7 ,supplem5t>y fee = escap$     
me?ane  7#a7 ,coal ,9 ! case ( any      
cal5d> ye> beg9n+ aft] #bjaf1 ! fee     

impos$ "u section #dfia7;a77#a7 )       
respect to coal %all be increas$ by !   
am\nt det]m9$ by ! ,secret>y 79         
consultation ) ! ,adm9i/rator ( !       
,environm5tal ,protection ,ag5cy7       
necess>y to ensure t ! total fees       
collect$ "u su* section ) respect to    
coal are equal to ! total am\nt ( su*   
fees t w\ld be collect$ on coal if ! fee
 impos$ "u section #dfia7;a77#a7 appli$ 
to ! c>bon-dioxide equival5t ( me?ane   
emissions report$ "u subsection         
7a77#b77;,b77i74  7#b7 ,petroleum       
products ,9 ! case ( any cal5d> ye>     
beg9n+ aft] #bjaf1 ! fee impos$ "u      
section #dfia7;a77#a7 ) respect to      
petroleum products %all be increas$ by !
 am\nt det]m9$ by ! ,secret>y 79        
consultation ) ! ,adm9i/rator ( !       
,environm5tal ,protection ,ag5cy7       
necess>y to ensure t ! total fees       
collect$ "u su* section ) respect to    
petroleum products are equal to ! total 
am\nt ( su* fees t w\ld be collect$ on  
petroleum products if ! fee impos$ "u   

section #dfia7;a77#a7 appli$ to !       
c>bon-dioxide equival5t ( me?ane        
emissions report$ "u subsection         
7a77#b77;,b77ii74  7#c7 ,natural gas ,9 
! case ( any cal5d> ye> beg9n+ aft]     
#bjaf1 ! fee impos$ "u section          
#dfia7;a77#a7 ) respect to natural gas  
%all be increas$ by ! am\nt det]m9$ by !
 ,secret>y 79 consultation ) !          
,adm9i/rator ( ! ,environm5tal          
,protection ,ag5cy7 necess>y to ensure t
 ! total fees collect$ "u su* section ) 
respect to natural gas are equal to !   
total am\nt ( su* fees t w\ld be        
collect$ on natural gas if ! fee impos$ 
"u section #dfia7;a77#a7 appli$ to !    
c>bon-dioxide equival5t ( me?ane        
emissions report$ "u subsection         
7a77#b77;,b77iii74  #dfid4 ,bord]       
adju/m5ts  7a7 ,exports  7#a7 ,9 g5]al  
,9 ! case ( any good export$ f ! ,unit$ 
,/ates t-- 7,a7 is manufactur$ us+ z an 
input-- 7i7 any coal1 petroleum product1
 or natural gas t is subject to a fee "u
 section #dfia7;a77#a7 or #dfic7;b71 or 

7ii7 any product manufactur$ 9 a        
facility t is subject to a fee "u       
section #dfia7;a77#b7 or #dfib7;a71 &   
7,b7 z a result ( su* fee1 has be5      
det]m9$ by ! ,secret>y to be plac$ at a 
competitive disadvantage 9 =eign m>kets 
aga9/ simil> goods t are manufactur$ us+
 inputs n subject to equival5t gre5h\se 
gas or c>bon cont5t taxes or fees1  !   
,secret>y may provide an equival5cy     
refund to ! p]son export+ su* good 9 an 
am\nt det]m9$ "u p>agraph 7#b74  7#b7   
,equival5cy refund ,= any good id5tifi$ 
by ! ,secret>y "u p>agraph 7#a71 ! am\nt
 det]m9$ "u ?is p>agraph %all be equal  
to ! diff]5ce betwe5-- 7,a7 ! am\nt ( ! 
co/ ( su* good attributable to any fees 
impos$ "u ?is sub*apt] on inputs us$ 9 !
 manufactur+ ( su* good 7z det]m9$ "u   
regulations e/abli%$ by ! ,secret>y71 & 
7,b7 ! am\nt1 if any1 ( ! co/ ( su* good
 :i* w\ld be attributable to comp>able  
gre5h\se gas or c>bon cont5t taxes or   
fees impos$ by ! =eign nation or        
sub/antial gov]nm5tal unit to :i* su*   

good is export$ if ! inputs us$ 9 !     
manufactur+ ( su* good 7 subject to su* 
taxes or fees 7z det]m9$ "u regulations 
e/abli%$ by ! ,secret>y74  7b7 ,imports 
7#a7 ,9 g5]al ,9 ! case ( any good      
import$ into ! ,unit$ ,/ates-- 7,a7 t is
 manufactur$ us+ z an input-- 7i7 any   
coal1 petroleum product1 or natural gas 
t is n subject to a fee "u section      
#dfia7;a77#a7 or #dfic7;b71 or  7ii7 any
 product manufactur$ 9 a facility t is n
 subject to a fee "u section            
#dfia7;a77#b7 or #dfib7;a71 &  7,b7 is  
plac$ at a competitive disadvantage     
comp>$ to simil> goods 9 ! dome/ic m>ket
 :i* are manufactur$ us+ inputs subject 
to su* a fee1 z det]m9$ "u regulations  
e/abli%$ by ! ,secret>y1  ! ,secret>y   
may impose an equival5cy fee on ! p]son 
import+ su* good 9 an am\nt det]m9$ "u  
p>agraph 7#b74  7#b7 ,equival5cy fee ,= 
any good id5tifi$ by ! ,secret>y "u     
p>agraph 7#a71 ! am\nt det]m9$ "u ?is   
p>agraph %all be equal to ! diff]5ce    
betwe5-- 7,a7 ! am\nt ( ! co/ ( su* good

 :i* w\ld be attributable to any fees   
impos$ "u ?is sub*apt] on inputs us$ 9 !
 manufactur+ ( su* good if ! inputs us$ 
9 manufactur+ su* good 7 subject to su* 
fees 7z det]m9$ "u regulations e/abli%$ 
by ! ,secret>y71 &  7,b7 ! am\nt1 if    
any1 ( ! co/ ( su* good :i* is          
attributable to comp>able gre5h\se gas  
or c>bon cont5t taxes or fees impos$ by 
! =eign nation or sub/antial gov]nm5tal 
unit f :i* su* good is import$ 7z       
det]m9$ "u regulations e/abli%$ by !    
,secret>y74  7c7 ,regulatory au?ority ,!
 ,secret>y %all consult ) ! ,adm9i/rator
 ( ! ,environm5tal ,protection ,ag5cy & 
! ,secret>y ( ,en]gy 9 e/abli%+ rules & 
regulations implem5t+ ! purposes ( ?is  
section4  #dfie4 ,def9itions & o!r rules
  7a7 ,def9itions ,= purposes ( ?is     
sub*apt]3 7#a7 ,c>bon dioxide equival5t 
7,a7 ,9 g5]al ,except z provid$ "u      
subp>agraph 7,b71 ! t]m c>bon dioxide   
equival5t means1 ) respect to a gre5h\se
 gas1 ! quantity ( su* gas t has a      
global w>m+ pot5tial equival5t to #a    

metric ton ( c>bon dioxide1 z det]m9$   
pursuant to table ,a-#a ( subp>t ,a ( "p
 #ih ( title #dj1 ,code ( ,f$]al        
,regulations1 z 9 effect on ! date ( !  
enactm5t ( ! ,am]ican ,opportunity      
,c>bon ,fee ,act4  7,b7 ,exception =    
hydr(luoroc>bons ,9 ! case (            
hydr(luoroc>bons emitt$ f any facility t
 is includ$ "u-- 7i7 ! indu/rial gas    
suppli] s\rce category "u subp>t ,,oo ( 
"p #ih ( title #dj1 ,code ( ,f$]al      
,regulations1 or  7ii7 ! s\rce category 
= import]s & export]s ( fluor9at$       
gre5h\se gases conta9$ 9 pre-*>g$       
equipm5t or clos$-cell foams "u subp>t  
,,qq ( su* "p1  ! t]m c>bon dioxide     
equival5t means #aj p]c5t ( ! quantity (
 su* hydr(luoroc>bons t has a global    
w>m+ pot5tial equival5t to #a metric ton
 ( c>bon dioxide1 z det]m9$ pursuant to 
table ,a-#a ( subp>t ,a ( su* "p1 z 9   
effect on ! date ( ! enactm5t ( !       
,am]ican ,opportunity ,c>bon ,fee ,act4 
7#b7 ,gre5h\se gas ,! t]m gre5h\se gas  
has ! mean+ giv5 su* t]m "u section     

#baa7o77#a77;,g7 ( ! ,clean ,air ,act1 z
 9 effect on ! date ( ! enactm5t ( !    
,am]ican ,opportunity ,c>bon ,fee ,act4 
7#c7 ,coal ,! t]m coal has ! same mean+ 
giv5 su* t]m "u section #dh;,a7c77#d74  
7#d7 ,petroleum product ,! t]m petroleum
 product has ! same mean+ giv5 su*      
product "u section #dfab7;a77#c74  7#e7 
,ton  7,a7 ,9 g5]al ,! t]m ton means    
#a1jjj kilograms4 ,9 ! case ( any       
gre5h\se gas :i* is a gas1 ! t]m ton    
means ! am\nt ( su* gas 9 cubic met]s   
:i* is ! equival5t ( #a1jjj kilograms on
 a molecul> weight basis4  7,b7         
,fractional "p ( ton ,9 ! case ( a      
fraction ( a ton1 any fee impos$ by ?is 
sub*apt] on su* fraction %all be ! same 
fraction ( ! am\nt ( su* fee impos$ on a
 :ole ton4  7#f7 ,unit$ ,/ates ,! t]m   
,unit$ ,/ates has ! mean+ giv5 su* t]m  
by section #dfab7;a77#d74  7b7 ,o!r     
rules  7#a7 ,assessm5t & collection     
,subject to subsection 7d71 paym5t ( !  
fee impos$ by sections #dfia1 #dfib1 &  
#dfic %all be assess$ & collect$ 9 !    

same mann] z taxes "u ?is subtitle4     
7#b7 ,regulations ,! ,secret>y %all     
prescribe su* regulations z may be      
necess>y to c>ry out ! provisions ( ?is 
sub*apt]4  4  7b7 ,cl]ical am5dm5t ,!   
table ( sub*apt]s = *apt] #ch ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new item3     
,,sub*apt] ,e--,c>bon dioxide & o!r     
gre5h\se gas emission fees  4  7c7      
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjad4  #c4   
,am]ican ,opportunity ,fund  7a7        
,e/abli%m5t ( fund ,sub*apt] ,a ( *apt] 
#ih ( ! ,int]nal ,rev5ue ,code ( #aihf  
is am5d$ by add+ at ! end !re( ! foll[+ 
new section3  #ieab4 ,am]ican           
,opportunity ,fund  7a7 ,creation (     
,fund ,!re is e/abli%$ 9 ! ,treasury ( !
 ,unit$ ,/ates a tru/ fund to be kn[n z 
! ,am]ican ,opportunity ,fund1 consi/+ (
 su* am\nts z may be appropriat$ or     
cr$it$ to ! ,am]ican ,opportunity ,fund 
z provid$ 9 ?is section or section      

#ifjb7;b74  7b7 ,transf]s to ,fund ,!re 
is h]eby cr$it$ to ! ,am]ican           
,opportunity ,fund an am\nt equal to !  
budget>y effects = ! ,am]ican           
,opportunity ,c>bon ,fee ,act det]m9$   
pursuant to section #d ( ! ,/atutory    
,pay-,z-,y-,g ,act ( #bjaj 7det]m9$ )\t 
reg>d to section #e ( ! ,am]ican        
,opportunity ,c>bon ,fee ,act74  7c7    
,exp5ditures f ,fund  7#a7 ,9 g5]al     
,subject to p>agraph 7#b71 am\nts 9 !   
,am]ican ,opportunity ,fund %all be made
 available = ! foll[+ uses to assi/     
,am]ican families & bus9esses3 7,a7     
,provid+ economic assi/ance to l[-income
 h\seholds or h\seholds 9 regions )     
disproportionately high en]gy co/s4     
7,b7 ,transf]s to ! g5]al fund ( !      
,treasury to (fset tax cuts4  7,c7      
,transf]s to ! ,f$]al ,old-,age &       
,survivors ,tru/ ,fund & ! ,f$]al       
,disability ,insurance ,tru/ ,fund      
e/abli%$ "u section #bja ( ! ,social    
,security ,act 7#db ,u4,s4,c4 #dja7 to  
provide supplem5tal fund+ = increases 9 

,social ,security b5efits4  7,d7        
,provid+ tuition assi/ance = high]      
education or alleviat+ ,f$]al /ud5t loan
 debt4  7,e7 ,inve/+ 9 improvem5ts to ! 
infra/ructure ( ! ,unit$ ,/ates4  7,f7  
,provid+ divid5ds directly to           
individuals & families4  7,g7 ,provid+  
transition assi/ance to work]s &        
bus9esses 9 en]gy int5sive & fossil fuel
 indu/ries4  7,h7 ,inve/+ 9 mitigation &
 adaptation measures t promote national 
security1 protect public heal?1 cons]ve 
natural res\rces1 or fulfill            
int]national climate commitm5ts made by 
! ,unit$ ,nations ,framework ,conv5tion 
on ,climate ,*ange4  7,i7 ,r$uc+ ! debt 
( ! ,unit$ ,/ates4  7#b7 ,limitation ,no
 am\nt may be made available f !        
,am]ican ,opportunity ,fund to create   
any new gov]nm5t ag5cy or to fund       
gov]nm5t op]ations beyond :at is        
necess>y to c>ry out ! uses provid$ 9   
p>agraph 7#a74  4  7b7 ,cl]ical am5dm5t 
,! table ( sections = sub*apt] ,a (     
*apt] #ih ( su* ,code is am5d$ by add+  

at ! end !re( ! foll[+ new item3  ,sec4 
#ieab4 ,am]ican ,opportunity ,fund4  4  
#d4 ,public disclosure ( rev5ues &      
exp5ditures  7a7 ,e/abli%m5t ( website  
,! ,secret>y ( ! ,treasury1 or !        
,secret>y's designee1 %all e/abli% a    
website = purposes ( mak+ ! disclosures 
describ$ 9 subsection 7b74  7b7         
,disclosures ,! ,secret>y %all make     
publicly available1 on an ongo+ basis & 
z frequ5tly z possible1 ! foll[+        
in=mation3 7#a7 ,! am\nt & s\rces (     
rev5ue attributable to ?is ,act & !     
am5dm5ts made by ?is ,act4  7#b7 ,!     
am\nt1 programs1 & purposes = :i*       
exp5ditures are made f ! ,am]ican       
,opportunity ,fund4  #e4 ,budget>y      
provisions  7a7 ,budget>y effects ( ?is 
,act  7#a7 ,paygo scorec>d ,! budget>y  
effects ( ?is ,act & ! am5dm5ts made by 
?is ,act %all n be ent]$ on ei!r ,,paygo
 scorec>d ma9ta9$ pursuant to section   
#d7;d7 ( ! ,/atutory ,pay-,z-,y-,g ,act 
( #bjaj 7#b ,u4,s4,c4 #icc7;d774  7#b7  
,s5ate paygo scorec>d ,! budget>y       

effects ( ?is ,act & ! am5dm5ts made by 
?is ,act %all n be ent]$ on any ,,paygo 
scorec>d ma9ta9$ = purposes ( section   
#bja ( ,s4 ,con4 ,res4 #ba 7#aaj?       
,congress74  7b7 ,exclusion f           
det]m9ation ( brea* ,section #bea7;a7 ( 
! ,balanc$ ,budget & ,em]g5cy ,deficit  
,control ,act ( #aihe 7#b ,u4,s4,c4     
#ija7;a77 is am5d$ by add+ at ! end !   
foll[+3  7#h7 ,am]ican ,opportunity     
,fund ,9 det]m9+ :e!r !re has be5 a     
brea* dur+ a fiscal ye>1 ! ,(fice (     
,managem5t & ,budget %all n include     
am\nts appropriat$ f ! ,am]ican         
,opportunity ,fund dur+ ! fiscal ye> z  
discretion>y appropriations if !        
,director ( ! ,(fice ( ,managem5t &     
,budget det]m9es t am\nts are           
appropriat$ to assi/ ,am]ican families &
 bus9esses 9 a mann] describ$ 9 section 
#ieab7;c7 ( ! ,int]nal ,rev5ue ,code (  
#aihf4  4  7c7 ,,paygo legislation      
,section #d ( ! ,/atutory ,pay-,z-,y-,g 
,act ( #bjaj 7#b ,u4,s4,c4 #icc7 is     
am5d$ by add+ at ! end ! foll[+3  7h7   

,(fset f ,am]ican ,opportunity ,fund ,9 
det]m9+ ! budget>y effects ( a ,,paygo  
,act1 ,,cbo or ,,omb1 z applicable1 %all
 treat any am\nts transf]r$ f ! ,am]ican
 ,opportunity ,fund to ! ,g5]al ,fund ( 
! ,treasury "u ! ,,paygo ,act z a sav+s 
if ! ,director ( ,,cbo or ! ,director ( 
,,omb1 z applicable1 det]m9es t ! am\nts
 are transf]r$ to assi/ ,am]ican        
families & bus9esses 9 a mann] describ$ 
9 section #ieab7;c7 ( ! ,int]nal ,rev5ue
 ,code ( #aihf4  4  #f4 ,sev]ability ,if
 any provision ( ?is ,act or am5dm5t    
made by ?is ,act1 or ! application ( a  
provision or am5dm5t to any p]son or    
circum/ance1 is held to be              
uncon/itutional1 ! rema9d] ( ?is ,act & 
am5dm5ts made by ?is ,act1 & !          
application ( ! provisions & am5dm5t to 
any p]son or circum/ance1 %all n be     
affect$ by ! hold+4