,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #debj ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #bf1 #bjai ,mr4 ,fitzpatrick 7= himself1 ,mr4 ,c>bajal1 ,mr4 ,rooney ( ,florida1 & ,mr4 ,pet]s7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committees on ,en]gy & ,comm]ce1 ,natural ,res\rces1 ,education & ,labor1 ,transportation & ,infra/ructure1 ,sci5ce1 ,space1 & ,te*nology1 & ,agriculture1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to elim9ate c]ta9 fuel excise taxes & impose a tax on gre5h\se gas emissions to provide rev5ue = ma9ta9+ & build+ ,am]ican infra/ructure1 & = o!r purposes4 #a4 ,%ort title1 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,mod]niz+ ,am]ica ) ,rebuild+ to ,kick/>t ! ,economy ( ! ,tw5ty-fir/ ,c5tury ) a ,hi/oric ,infra/ructure-,c5t]$ ,expansion ,act or ! ,,m>ket ,,*oice ,act4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title1 table ( cont5ts4 ,sec4 #b4 ,f9d+s4 ,title ,i--,gre5h\se ,gas ,emissions ,sec4 #aja4 ,treatm5t ( gre5h\se gas emissions4 ,title ,,ii--,di/ribution ( ,rev5ues ,f ,taxation ( ,gre5h\se ,gas ,emissions ,subtitle ,a--,rebuild+ ,infra/ructure & ,solutions = ! ,environm5t ,tru/ ,fund ,sec4 #bja4 ,e/abli%m5t ( ! ,,rise ,tru/ ,fund4 ,sec4 #bjb4 ,appropriations f ! ,,rise ,tru/ ,fund4 ,sec4 #bjc4 ,/ate grants4 ,subtitle ,b--,c]ta9 ,manufactur]s ,excise ,taxes ,sec4 #baa4 ,repeal ( ,f$]al motor vehicle & aviation fuel taxes4 ,sec4 #bab4 ,am5dm5ts to c]ta9 tax cr$its = c>bon capture & /orage4,sec4 #bac4 ,modifications ( qualify+ advanc$ coal project cr$it4 ,title ,,iii--,am5dm5ts to ,o!r ,laws ,subtitle ,a--,am5dm5ts to ,f$]al ,environm5tal ,/atutes ,sec4 #cja4 ,am5dm5ts to ! ,clean ,air ,act4 ,sec4 #cjb4 ,frequ5t & *ronic flood+ mitigation & adaptation infra/ructure projects4,sec4 #cjc4 ,no preemption ( ,/ate law4 ,subtitle ,b--,assi/ance to ,displac$ ,work]s 9 ! ,en]gy ,sector ,sec4 #cba4 ,assi/ance to displac$ work]s 9 ! en]gy sector4 ,title ,,iv--,national ,climate ,commission ,sec4 #dja4 ,e/abli%m5t ( ,commission4 ,sec4 #djb4 ,duties ( ,commission4 ,sec4 #djc4 ,p[]s ( ,commission4 ,sec4 #djd4 ,fund+ = ! activities ( ! ,commission4 ,sec4 #dje4 ,/aff ( ! ,commission4 #b4 ,f9d+s ,congress f9ds t-- 7#a7 roads1 bridges1 airports1 & urban transportation sy/ems are ess5tial to ! economic & national security ( ! ,unit$ ,/ates2 7#b7 !re is a *ronic %ortfall 9 fund+ = ! ma9t5ance ( highways1 bridges1 & o!r critical infra/ructure2 7#c7 /rategic inve/m5ts 9 new infra/ructure w all[ = economic gr[? & dynamism 9 ! #ba/ c5tury2 7#d7 !re has be5 a m>k$ increase 9 extreme wea!r ev5ts & ! negative impacts ( a *ang+ climate are expect$ to wors5 9 e region ( ! ,unit$ ,/ates2 7#e7 if left unaddress$1 ! consequ5ces ( a *ang+ climate h ! pot5tial to adv]sely impact ! heal? ( all ,am]icans1 h>m ! economy1 & impose sub/antial co/s on local1 ,/ate1 & ,f$]al budgets2 7#f7 ef=ts to r$uce climate risk %\ld protect our ,nation's economy1 security1 infra/ructure1 agriculture1 wat] supply1 public heal?1 & public safety2 & 7#g7 !re is bip>tisan support = pursu+ ef=ts to r$uce gre5h\se gas emissions ?r\gh economically viable1 broadly support$ private & public policies & solutions4 ,i ,gre5h\se ,gas ,emissions #aja4 ,treatm5t ( gre5h\se gas emissions 7a7 ,9 g5]al ,! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+3 ,l ,gre5h\se ,gas ,emissions #a ,taxation ( ,gre5h\se ,gas ,emissions ,sec4 #iija4 ,imposition ( tax on combu/$ fossil fuel gre5h\se gas emissions4 ,sec4 #iijb4 ,imposition ( tax on gre5h\se gas emissions f c]ta9 indu/rial processes4 ,sec4 #iijc4 ,imposition ( tax on gre5h\se gas emissions f c]ta9 product uses4 ,sec4 #iijd4 ,calculation ( taxable emissions4 ,sec4 #iije4 ,cr$it = ,/ate paym5ts4 ,sec4 #iijf4 ,p5alties = nonpaym5t4 ,sec4 #iijg4 ,def9itions4 #iija4 ,imposition ( tax on combu/$ fossil fuel gre5h\se gas emissions 7a7 ,9 g5]al ,!re is h]eby impos$ a tax on fossil fuels produc$ )91 or import$ into1 ! ,unit$ ,/ates4 7b7 ,rate ( tax 7#a7 ,gre5h\se gases t w\ld be releas$ if ! fossil fuel 7 combu/$ ,! tax impos$ by subsection 7a7 %all be ! applicable am\nt p] ton ( c>bon dioxide equival5t ( all gre5h\se gasses t w\ld be releas$ if ! fossil fuel 7 combu/$4 7#b7 ,applicable am\nt ( c>bon dioxide equival5t emissions ,= purposes ( p>agraph 7#a71 ! t]m applicable am\nt means-- 7,a7 = cal5d> ye> #bjba1 #ce p] metric ton ( c>bon dioxide equival5t emissions1 & 7,b7 = ea* cal5d> ye> aft] #bjba1 ! tax rate %all be ! sum (-- 7i7 ! previ\s cal5d> ye>'s tax rate1 plus 7ii7 ! sum (-- 7,i7 #e p]c5tage po9ts1 plus 7,,ii7 a p]c5tage increase 9 ! previ\s ye>'s tax rate equal to ! increase 9 ! ,consum] ,price ,index = ! previ\s cal5d> ye>4 7,c7 ,consum] price index = any cal5d> ye> ,= purposes ( subp>agraph 7,b71 ! ,consum] ,price ,index = ! previ\s cal5d> ye> is ! av]age ( ! ,consum] ,price ,index = all-urban consum]s publi%$ by ! ,dep>tm5t ( ,labor z ( ! close ( ! #ab-mon? p]iod end+ on ,augu/ #ca ( su* cal5d> ye>4 ,= purposes ( ! prec$+ s5t5ce1 ! revision ( ! ,consum] ,price ,index :i* is mo/ consi/5t ) ! ,consum] ,price ,index = cal5d> ye> #aihf %all be us$4 7#c7 ,rate adju/m5t bas$ on emission levels 7,a7 ,report ,n lat] ?an ,m>* #cj1 #bjbb1 & annually !reaft]1 ! ,secret>y & ! ,adm9i/rator %all jo9tly report ! emissions dur+ ! cal5d> ye> end+ on ! prec$+ ,decemb] #ca f s\rces subject to taxation "u ?is "p4 ,! report %all det]m9e :e!r ! cumulative am\nt ( annual emissions report$ = ! p]iod beg9n+ 9 cal5d> ye> #bjba & ?r\gh ! end ( ! prec$+ cal5d> ye> 7 less ?an ! emissions levels specifi$ 9 ! foll[+ s*$ule3 7i7 ,! total emissions ?r\gh cal5d> ye> #bjba are #d1ijj million metric tons ( c>bon dioxide equival5t4 7ii7 ,! total emissions ?r\gh cal5d> ye> #bjbb are #i1gjj million metric tons ( c>bon dioxide equival5t4 7iii7 ,! total emissions ?r\gh cal5d> ye> #bjbc are #ad1djj million metric tons ( c>bon dioxide equival5t4 7iv7 ,! total emissions ?r\gh cal5d> ye> #bjbd are #ai1jjj million metric tons ( c>bon dioxide equival5t4 7v7 ,! total emissions ?r\gh cal5d> ye> #bjbe are #bc1ejj million metric tons ( c>bon dioxide equival5t4 7vi7 ,! total emissions ?r\gh cal5d> ye> #bjbf are #bg1ijj million metric tons ( c>bon dioxide equival5t4 7vii7 ,! total emissions ?r\gh cal5d> ye> #bjbg are #cb1bjj million metric tons ( c>bon dioxide equival5t4 7viii7 ,! total emissions ?r\gh cal5d> ye> #bjbh are #cf1ejj million metric tons ( c>bon dioxide equival5t4 7ix7 ,! total emissions ?r\gh cal5d> ye> #bjbi are #dj1fjj million metric tons ( c>bon dioxide equival5t4 7x7 ,! total emissions ?r\gh cal5d> ye> #bjcj are #dd1hjj million metric tons ( c>bon dioxide equival5t4 7xi7 ,! total emissions ?r\gh cal5d> ye> #bjca are #dh1hjj million metric tons ( c>bon dioxide equival5t4 7,b7 ,adju/m5ts = report p]iod 7i7 ,9 g5]al ,n lat] ?an ,m>* #cj1 #bjbc1 & e two ye>s !reaft]1 ! ,secret>y %all det]m9e :e!r an adju/m5t is requir$ 9 accordance ) clause 7ii74 7ii7 ,p]iod ?r\gh #bjcb ,if ! emission level report$ "u subp>agraph 7,a7 = cal5d> ye> #bjbb1 & e second cal5d> ye> !reaft] ?r\gh cal5d> ye> #bjcb1 exce$s ! level = su* cal5d> ye> specifi$ 9 clauses 7i7 ?r\gh 7xi7 ( subp>agraph 7,a71 !n ! applicable am\nt "u p>agraph 7#b7 = ! cal5d> ye> beg9n+ on ! next ,janu>y #a foll[+ ! det]m9ation 9 clause 7i7 %all1 aft] ! increase "u p>agraph 7#b7 = su* next cal5d> ye>1 be increas$ by an additional #d p] metric ton4 7c7 ,by :om paid ,! tax impos$ by subsection 7a7 %all be paid by ! own] ( ! fossil fuel at ! po9t ( taxation4 7d7 ,po9t ( taxation 7#a7 ,= fossil fuels produc$ )9 ! ,unit$ ,/ates1 ! po9t ( taxation %all be-- 7,a7 = coal1 ! m9e m\? or1 = wa%$ coal1 ! exit f ! coal prep>ation & process+ plant1 7,b7 = petroleum products1 ! exit po9t f ! ref9]y1 & 7,c7 = natural gas1 ! exit f ! gas process+ plant or1 = natural gas t is n treat$ at a gas process+ plant1 ! po9t ( sale to ! p]son :o combu/s ! gas or incorporates x into a product t is n int5d$ = combu/ion4 7#b7 ,= any fossil fuel import$ into ! ,unit$ ,/ates1 ! po9t ( taxation %all be ! po9t at :i* x fir/ ent]s ! ,unit$ ,/ates4 7e7 ,exemptions 7#a7 ,exemption = noncombu/ive uses 7,a7 ,refund = r$uction or elim9ation ( emissions ,any manufactur] ( a product t incorporates a fossil fuel t has be5 tax$ "u ?is section :o c demon/rate to ! ,secret>y t ! fossil fuel has be5 trans=m$ via ! manufacture ( ! product s t ! fossil fuel's emissions w be r$uc$ or elim9at$ ov] ! product's lifetime %all be entitl$ to a refund ( ! tax paid "u ?is section on ! proportion ( ! emissions r$uc$ !reby1 z det]m9$ by ! ,secret>y4 7,b7 ,rule ,! ,secret>y1 9 consultation ) ! ,adm9i/rator1 %all e/abli% by rule ! crit]ia & process by :i* product manufactur]s c demon/rate t ! conditions 9 subp>agraph 7,a7 h be5 satisfi$4 7,c7 ,publication ( regulations ,! ,secret>y %all publi% ! regulations requir$ by ?is subsection no lat] ?an "o ye> prior to ! />t ( ! cal5d> ye> ref]r$ to 9 section #iija7;b77#b77;,a74 ,! ,secret>y may n collect ! tax impos$ by ?is section = any cal5d> ye> t beg9s less ?an "o ye> aft] ! regulations are publi%$4 7#b7 ,exemption = c>bon capture & /orage 7,a7 ,refund = seque/]s ,any p]son :o seque/]s gre5h\se gas emissions result+ f ! combu/ion ( fossil fuel t has pass$ ?r\gh a po9t ( taxation %all be entitl$ to a refund ( ! tax impos$ by ?is section4 ,emissions t are us$ = enhanc$ oil recov]y %all be entitl$ = su* refund provid$ t ^! emissions meet all ( ! crit]ia applicable to o!r emissions t qualify = su* refund4 7,b7 ,rule ,! ,secret>y %all e/abli% by rule ! proc$ures by :i* to apply = su* refunds & su* refunds %all be paid )9 six mon?s ( ! ,secret>y receiv+ an approvable application4 7,c7 ,"t ( refund ,! ,secret>y may n refund any am\nts "u ?is p>agraph until su* "t z ! ,secret>y has publi%$ ! regulations describ$ 9 section #de,q7f77#b74 #iijb4 ,imposition ( tax on gre5h\se gas emissions f c]ta9 indu/rial processes 7a7 ,9 g5]al ,!re is h]eby impos$ a tax on indu/rial process gre5h\se gas emissions by c]ta9 s\rce categories4 7b7 ,li/ ( s\rce categories 7#a7 ,initial li/ ,! ,congress e/abli%es = purposes ( ?is section a li/ ( s\rce categories subject to ?is section z foll[s3 7,a7 ,iron & /eel production & metallurgical coke production4 7,b7 ,und]gr\nd coal m9+4 7,c7 ,coal prep>ation & process+ plants4 7,d7 ,ref9]ies4 7,e7 ,cem5t production4 7,f7 ,petro*emical production4 7,g7 ,lime production4 7,h7 ,ammonia production4 7,i7 ,alum9um production4 7,j7 ,soda a% production4 7,k7 ,f]roalloy production4 7,l7 ,phosphoric acid production4 7,m7 ,glass production4 7,n7 ,z9c production4 7,o7 ,lead production4 7,p7 ,magnesium production & process+4 7,q7 ,nitric acid production4 7,r7 ,adipic acid production4 7,s7 ,semiconductor manufacture4 7,t7 ,electrical transmission & di/ribution4 7#b7 ,revision ( ! li/ ,! ,adm9i/rator %all review ! li/ ( s\rce categories e/abli%$ by ?is subsection n less ?an once e five ye>s to det]m9e if !y %\ld cont9ue to be li/$ & publi% ! results ( t review4 ,! ,adm9i/rator may1 if appropriate1 add any s\rce categories to ?is li/ by rule4 7#c7 ,removal ( a s\rce category f ! li/ ,! ,adm9i/rator may remove a s\rce category f ?is li/ only if-- 7,a7 ! total emissions f ! entire s\rce category :i* are taxable "u ?is section h be5 less ?an #bej1jjj metric tons ( c>bon dioxide equival5t p] ye> = ea* ( ?ree consecutive ye>s1 7,b7 ! av]age emissions f facilities 9 ! s\rce category :i* are taxable "u ?is section h be5 less ?an #be1jjj metric tons ( c>bon dioxide equival5t p] ye> = ea* ( ! ye>s ref]r$ 9 subp>agraph 7,a71 & 7,c7 ! ,adm9i/rator det]m9es t !re is no reasonable possibility t ! total emissions f ! entire s\rce category :i* are taxable "u ?is section w exce$ #bej1jjj metric tons p] ye> ( c>bon dioxide equival5t )9 any ( ! five ye>s foll[+ su* det]m9ation4 7#d7 ,addition ( a s\rce category to ! li/ ,! ,adm9i/rator may add a s\rce category to ?is li/ only if ! ,adm9i/rator det]m9es t-- 7,a7 ! total emissions f ! entire s\rce category :i* are taxable "u ?is section h be5 great] ?an #bej1jjj metric tons p] ye> ( c>bon dioxide equival5t 9 any two ye>s out ( ! prec$+ five ye>s1 7,b7 ! av]age emissions f facilities 9 ! s\rce category :i* are taxable "u ?is section h be5 great] ?an #be1jjj metric tons p] ye> ( c>bon dioxide equival5t 9 ! ye>s 9 :i* emissions f ! entire s\rce category h be5 great] ?an #bej1jjj tons p] ye>1 & 7,c7 !re is a reasonable possibility t ! total emissions f ! entire s\rce category :i* are taxable "u ?is section w be great] ?an #bej1jjj metric tons p] ye> ( c>bon dioxide equival5t 9 any ye> )9 ! next five ye>s foll[+ su* det]m9ation4 7c7 ,rate ( tax ,! rate ( tax %all be ! same z ! rate giv5 9 section #iija7;b77#b74 7d7 ,by :om paid ,! tax impos$ by subsection 7a7 %all be paid by ! own] or op]ator ( ! po9t ( taxation4 7e7 ,po9t ( taxation ,! po9t ( taxation %all be any facility 9 a s\rce category :i* emits m ?an #be1jjj metric tons ( c>bon dioxide equival5t subject to taxation "u ?is section 9 any cal5d> ye>4 #iijc4 ,imposition ( tax on gre5h\se gas emissions f c]ta9 product uses 7a7 ,9 g5]al ,!re is h]eby impos$ a tax on non-fossil-fuel-gre5h\se-gas emissions by c]ta9 manufactur$ products :5 us$ = _! int5d$ purposes t are manufactur$ )9 or import$ into1 ! ,unit$ ,/ates4 7b7 ,li/ ( products 7#a7 ,initial li/ ,! ,congress e/abli%es = purposes ( ?is section a li/ ( products subject to ?is section z foll[s3 7,a7 ,fuel e?anol4 7,b7 ,indu/rial c>bonates4 7,c7 ,c>bon dioxide urea4 7,d7 ,soda a%4 7,e7 ,nitr\s oxide4 7,f7 ,ozone deplet+ sub/ances1 b n if ! ,unit$ ,/ates has ratifi$ ! ,kigali ,am5dm5t to ! ,montreal ,protocol & is subject to ,article #b;,j1 p>agraph #a ( ! ,am5d$ ,montreal ,protocol4 7,g7 ,biodiesel4 7,h7 ,solid biomass fuels4 7#b7 ,revision ( ! li/ ,! ,adm9i/rator %all review ! li/ ( products e/abli%$ by ?is subsection n less ?an once e five ye>s to det]m9e if !y %\ld cont9ue to be li/$ & publi% ! results ( t review4 ,! ,adm9i/rator may1 if appropriate1 add any product to ?is li/ by rule4 7#c7 ,removal ( a product f ! li/ ,! ,adm9i/rator may remove a product f ?is li/ only if-- 7,a7 ! total emissions f all ( ! product us$ )9 ! ,unit$ ,/ates has be5 less ?an #bej1jjj metric tons p] ye> ( c>bon dioxide equival5t = ea* ( ?ree consecutive ye>s1 & 7,b7 ! ,adm9i/rator det]m9es t !re is no reasonable possibility t ! total emissions f all ( ! product us$ 9 ! ,unit$ ,/ates w exce$ #bej1jjj metric tons p] ye> ( c>bon dioxide equival5t )9 any ( ! five ye>s foll[+ su* det]m9ation4 7#d7 ,addition ( a product to ! li/ ,! ,adm9i/rator may add a product to ?is li/ only if ! ,adm9i/rator det]m9es t-- 7,a7 ! total emissions f all ( ! product us$ )9 ! ,unit$ ,/ates has be5 great] ?an #bej1jjj metric tons p] ye> ( c>bon dioxide equival5t 9 any two ye>s out ( ! prec$+ five ye>s1 & 7,b7 !re is a reasonable possibility t ! total emissions f all ( ! product us$ )9 ! ,unit$ ,/ates w be great] ?an #bej1jjj metric tons p] ye> ( c>bon dioxide equival5t 9 any ye> )9 ! next five ye>s foll[+ su* det]m9ation4 7c7 ,rate ( tax ,! rate ( tax %all be ! same z ! rate giv5 9 section #iija7;b77#b74 7d7 ,by :om paid ,! tax impos$ by subsection 7a7 %all be paid-- 7#a7 = products manufactur$ 9 ! ,unit$ ,/ates1 by ! own] or op]ator ( ! po9t ( taxation1 & 7#b7 = products import$ into ! ,unit$ ,/ates1 by ! own] ( ! product :5 x ent]s ! ,unit$ ,/ates4 7e7 ,po9t ( taxation ,! po9t ( taxation %all be-- 7#a7 = products manufactur$ 9 ! ,unit$ ,/ates1 ! manufactur+ facility1 7#b7 = products import$ into ! ,unit$ ,/ates1 ! po9t at :i* x fir/ ent]s ! ,unit$ ,/ates1 & 7#c7 = dome/ically produc$ biomass fuel by a facility t emits f combu/$ biomass fuel m ?an #be1jjj metric tons ( c>bon dioxide equival5t gre5h\se gases 9 a ye>1 ! facility t combu/s ! biomass fuel4 #iijd4 ,calculation ( taxable emissions 7a7 ,h[ ,to calculate taxable emissions ,9 consultation ) ! ,dep>tm5t ( ,en]gy1 ! ,adm9i/rator %all e/abli% by rule 7& may1 f "t to "t1 revise7 ! me?od by :i* taxable emissions "u ?is "p %all be calculat$4 7b7 ,categories & subcategories consid]$ ,= purposes ( calculat+ emissions taxable "u-- 7#a7 section #iija1 ! ,adm9i/rator %all det]m9e by rule ! am\nt ( c>bon dioxide equival5t t w\ld be emitt$ if ea* fossil fuel 7 combu/$1 & ! ,adm9i/rator may e/abli% by rule su* subcategories ( ea* fuel & ! means by :i* x is combu/$ z ! ,adm9i/rator deems appropriate1 7#b7 section #iijb1 ! ,adm9i/rator may det]m9e by rule su* subcategories ( any indu/rial process category li/$ 9 subsection #iijb7;b7 z ! ,adm9i/rator deems appropriate1 & 7#c7 section #iijc1 = fuel e?anol1 biodiesel1 & solid biomass fuels ! ,adm9i/rator %all det]m9e by rule ! am\nt ( c>bon dioxide equival5t t w\ld be emitt$ bas$ on ! lifecycle gre5h\se gas emissions ( ! product 7exclud+ emissions f fossil fuels t h pass$ ?r\gh a po9t ( taxation71 & ! ,adm9i/rator may det]m9e by rule su* subcategories ( manufactur$ products li/$ 9 subsection #iijc7;b7 z ! ,adm9i/rator deems appropriate4 7c7 ,me?ods ,:]e gre5h\se gas emissions subject to taxation "u any section ( ?is "p are comb9$ ) gre5h\se gas emissions subject to taxation "u any o!r section ( ?is "p1 ! ,adm9i/rator %all ensure1 to ! greate/ degree possible1 t ! me?ods requir$ to det]m9e ! emissions taxable "u any section ( ?is "p d n include any emissions taxable "u any o!r section ( ?is "p4 7d7 ,me?od co/ diff]5ces ,! ,adm9i/rator %all n require ! use ( any me?od to calculate taxable emissions :]eby ! diff]5ce 9 co/ ( ! me?od comp>$ to ! next *eape/ alt]native me?od is great] ?an ! am\nt ( ! tax t w\ld be paid on ! additional emissions det]m9$ by ! m exp5sive me?od4 7e7 ,publication ( regulations ,! ,adm9i/rator %all publi% ! regulations requir$ by ?is section no lat] ?an "o ye> prior to ! />t ( ! cal5d> ye> ref]r$ to 9 section #iija7;b77#b77;,a74 ,! ,secret>y may n collect ! tax impos$ by any section 9 ?is "p = any cal5d> ye> t beg9s less ?an "o ye> aft] ! regulations applicable to ea* su* section are publi%$4 #iije4 ,cr$it = ,/ate paym5ts 7a7 ,cr$it = paym5ts ,! ,secret>y %all all[ any p]son :o is requir$ to make paym5t = gre5h\se gas emissions "u ?is "p a cr$it = paym5ts made on ^? emissions requir$ "u any ,/ate law 9 ! foll[+ mann]3 7#a7 ,= ! ye> giv5 9 section #iija7;b77#b71 a cr$it equal to #ajj p]c5t ( ! am\nt paid pursuant to requirem5ts ( ,/ate law4 7#b7 ,= ! fir/ ye> foll[+ ! ye> us$ 9 p>agraph 7#a71 a cr$it equal to #hj p]c5t ( ! am\nt paid pursuant to requirem5ts ( ,/ate law4 7#c7 ,= ! second ye> foll[+ ! ye> us$ 9 p>agraph 7#a71 a cr$it equal to #fj p]c5t ( ! am\nt paid pursuant to requirem5ts ( ,/ate law4 7#d7 ,= ! ?ird ye> foll[+ ! ye> us$ 9 p>agraph 7#a71 a cr$it equal to #dj p]c5t ( ! am\nt paid pursuant to requirem5ts ( ,/ate law4 7#e7 ,= ! f\r? ye> foll[+ ! ye> us$ 9 p>agraph 7#a71 a cr$it equal to #bj p]c5t ( ! am\nt paid pursuant to requirem5ts ( ,/ate law4 7b7 ,no cr$it ,= all ye>s foll[+ ! ye> us$ 9 p>agraph 7#e71 no cr$it %all be all[$4 #iijf4 ,p5alties = nonpaym5t ,any p]son :o fails to comply ) ! requirem5ts ( section #iija1 #iijb1 or #iijc %all be liable = paym5t to ! ,secret>y1 )\t dem&1 ( a p5alty 9 ! am\nt equal to #c times ! applicable am\nt specifi$ by ^? sections = ! same tax ye> z ! ye> 9 :i* ! p]son fail$ to comply ) su* requirem5ts4 #iijg4 ,def9itions ,unless o!rwise provid$1 ! def9itions provid$ h]e9 are applicable to all provisions ( ?is subtitle4 7#a7 ,adm9i/rator ,! t]m ,adm9i/rator means ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy4 7#b7 ,c>don dioxide equival5t ,! t]m c>bon dioxide equival5t means ! numb] ( metric tons ( ,,co#b emissions ) ! same global w>m+ pot5tial ov] a #ajj-ye> p]iod z "o metric ton ( ano!r gre5h\se gas4 7#c7 ,coal ,! t]m coal means any ( ! recogniz$ classifications & ranks ( coal1 includ+ an?racite1 bitum9\s1 semibitum9\s1 subbitum9\s1 lignite1 & peat4 7#d7 ,coal prep>ation & process+ plant ,! t]m coal prep>ation & process+ plant means any facility 7exclud+ und]gr\nd m9+ op]ations7 :i* prep>es coal by "o or m ( ! foll[+ processes3 break+1 cru%+1 scre5+1 wet or dry clean+1 & !rmal dry+4 7#e7 ,enhanc$ oil recov]y ,! t]m enhanc$ oil recov]y has ! mean+ def9$ at section #a4aic-a7;b77#b7 ( title #bf1 ,code ( ,f$]al ,regulations1 z 9 effect on ! date ( enactm5t ( ?is section4 7#f7 ,facility ,! t]m facility means any physical prop]ty1 plant1 build+1 /ructure1 s\rce1 or /ation>y equipm5t locat$ on "o or m contigu\s or adjac5t prop]ties 9 actual physical contact or sep>at$ solely by a public roadway or o!r public "r-(-way & "u common own]%ip or common control1 t emits or may emit any gre5h\se gas4 7#g7 ,fossil fuel ,! t]m fossil fuel means coal1 petroleum products1 or natural gas4 7#h7 ,gre5h\se gas ,! t]m gre5h\se gas means c>bon dioxide1 nitr\s oxide1 me?ane1 hydr(luoroc>bons1 p]fluoroc>bons1 & sulfur hexafluoride4 7#i7 ,gre5h\se gas effects ,! t]m gre5h\se gas effects means ! adv]se effects ( gre5h\se gasses on heal? or welf>e caus$ by ! gre5h\se gas's heat-trapp+ pot5tial or its effect on ocean acidification4 7#aj7 ,lifecycle gre5h\se gas emissions ,! t]m lifecycle gre5h\se gas emissions has ! mean+ giv5 t t]m 9 section #baa ( ! ,cle> ,air ,act4 7#aa7 ,natural gas ,! t]m natural gas means any fuel consi/+ 9 :ole or 9 "p ( natural gas1 includ+ compon5ts ( natural gas su* z me?ane & e?ane2 liquid petroleum gas2 syn!tic gas d]iv$ f coal1 petroleum1 or natural gas liquids2 or any mixture ( natural gas & syn!tic gas4 7#ab7 ,petroleum products ,! t]m petroleum products means unf9i%$ oils1 liquefi$ petroleum gases1 p5tanes plus1 aviation gasol9e1 motor gasol9e1 naph?a-type jet fuel1 k]os5e-type jet fuel1 k]os5e1 di/illate fuel oil1 residual fuel oil1 petro*emical fe$/ocks1 special naph?as1 lubricants1 waxes1 petroleum coke1 asphalt1 road oil1 /ill gas1 & miscellane\s products obta9$ f ! process+ ( crude oil 7includ+ lease cond5sate71 natural gas1 & o!r hydroc>bon comp\nds4 ,! t]m does n include natural gas1 liquefi$ natural gas1 bi(uels1 me?anol1 & o!r nonpetroleum fuels4 7#ac7 ,publi% ,! t]m publi% means publication 9 ! ,f$]al ,regi/]4 7#ad7 ,ref9]y ,! t]m ref9]y means any facility engag$ 9 produc+ gasol9e1 k]os5e1 di/illate fuel oils1 residual fuel oils1 lubricants1 or o!r products ?r\gh di/illation ( petroleum or ?r\gh r$i/illation1 crack+1 or re=m+ ( unf9i%$ petroleum d]ivatives4 7#ae7 ,own] ,! t]m own] ) respect to any fossil fuel means any p]son :o has legal title to ! fossil fuel4 7#af7 ,own] or op]ator ,! t]m own] or op]ator ) respect to any fossil fuel means any p]son :o has legal title to ! fossil fuel4 7#ag7 ,seque/]s ,! t]m seque/]s means ! p]man5t /orage ( c>bon dioxide or o!r gre5h\se gas su* t x does n escape into ! atmosph]e1 & is 9 compliance ) ! regulations issu$ pursuant to section #de,q7f77#b74 7#ah7 ,solid biomass ,! t]m solid biomass means nonfossiliz$ & biodegradable organic mat]ial orig9at+ f plants1 animals1 or microorganisms1 includ+ products1 byproducts1 residues & wa/e f agriculture1 =e/ry1 & relat$ indu/ries z well z ! nonfossiliz$ & biodegradable organic fractions ( indu/rial & municipal wa/es1 b does n include gases & liquids recov]$ f ! decomposition ( nonfossiliz$ & biodegradable organic mat]ial4 7#ai7 ,s\rce category ,! t]m s\rce category means any category or subcategory regulat$ "u "p #fj ( title #dj1 ,code ( ,f$]al ,regulations1 or "p #ij ( title #dj1 ,code ( ,f$]al ,regulations4 #b ,tax ,adju/m5ts = ,imports & ,exports ( ,gre5h\se ,gas ,int5sive ,products ,sec4 #iiaa4 ,purposes4 ,sec4 #iiab4 ,def9itions4 ,sec4 #iiac4 ,notification ( =eign c\ntries4 ,sec4 #iiad4 ,bord] tax adju/m5t rate4 #iiaa4 ,purposes 7a7 ,purposes ( "p ,! purposes ( ?is "p are-- 7#a7 to promote a /rong global ef=t to significantly r$uce gre5h\se gas emissions1 & 7#b7 to prev5t c>bon leakage4 7b7 ,additional purposes ( "p ,! purposes ( ?is "p are additionally-- 7#a7 to provide a rebate to export]s 9 dome/ic eligible indu/rial sectors = ! gre5h\se gas emission co/s ( ! own]s & op]ators incurr$ "u ?is title1 b n = co/s associat$ ) o!r relat$ or unrelat$ m>ket dynamics1 7#b7 to ensure t imports f o!r c\ntries1 &1 9 p>ticul>1 fa/-gr[+ develop+ c\ntries1 d n enjoy competitive advantages because ( ! c>bon tax liability ( dome/ic manufactur]s1 & !re=e increase _! emissions1 7#c7 to enc\rage =eign c\ntries to take sub/antial action ) respect to _! gre5h\se gas emissions1 & 7#d7 to ensure t ! measures describ$ 9 ?is subp>t are design$ & implem5t$ 9 a mann] consi/5t ) applicable int]national agreem5ts to :i* ! ,unit$ ,/ates is a p>ty4 #iiab4 ,def9itions ,9 ?is "p3 7#a7 ,c>bon leakage ,! t]m c>bon leakage means any sub/antial increase 7z det]m9$ by ! ,secret>y7 9 gre5h\se gas emissions by entities locat$ 9 o!r c\ntries caus$ by a co/ ( production increase 9 ! ,unit$ ,/ates result+ f implem5tation ( ?is title4 7#b7 ,bord] tax adju/m5t ,! t]m bord] tax adju/m5t means ! levy+ ( a tax on import$ cov]$ goods equival5t to ! am\nt ( tax paid pursuant to "p #a ( ?is subtitle 9 ! manufacture ( comp>able dome/ic manufactur$ goods1 & ! rebat+ ( ! tax paid pursuant to "p #a ( ?is subtitle t has be5 paid on cov]$ goods export$ f ! ,unit$ ,/ates4 7#c7 ,bord] tax adju/m5t rate ,! t]m bord] tax adju/m5t rate means ! am\nt ( tax t w\ld be paid on a cov]$ good produc$ 9 ! ,unit$ ,/ates 9 ! curr5t ye>4 7#d7 ,commission] ,! t]m ,commission] means ! ,commission] ( ,unit$ ,/ates ,cu/oms & ,bord] ,protection4 7#e7 ,cov]$ good ,! t]m cov]$ good means a good t is-- 7,a7 ent]$ "u a head+ or subhead+ ( ! ,h>moniz$ ,t>iff ,s*$ule ( ! ,unit$ ,/ates t corresponds to ! ,,naics code = an eligible indu/rial sector1 z e/abli%$ 9 ! concordance betwe5 ,,naics codes & ! ,h>moniz$ ,t>iff ,s*$ule ( ! ,unit$ ,/ates prep>$ by ! ,unit$ ,/ates ,c5sus ,bureau1 or 7,b7 a manufactur$ item = consumption4 7#f7 ,eligible indu/rial sector ,! t]m eligible indu/rial sector means an indu/rial sector det]m9$ by ! ,secret>y "u section #iiac4 7#g7 ,indu/rial sector ,! t]m indu/rial sector means any sector t-- 7,a7 is 9 ! manufactur+ sector 7z def9$ 9 ,,naics codes #ca1 #cb1 & #cc71 or 7,b7 is "p (1 or an entire1 sector t b5eficiates or o!rwise processes 7includ+ agglom]ation7 metal ores1 includ+ iron & copp] ores1 soda a%1 & phosphate4 ,! t]m indu/rial sector does n include any "p ( a sector t extracts fossil fuels1 metal ores1 soda a%1 or phosphate4 7#h7 ,manufactur$ item = consumption ,! t]m manufactur$ item = consumption means any good-- 7,a7 t includes 9 sub/antial quantities "o or m goods l ! goods produc$ by an eligible indu/rial sector1 & 7,b7 = :i* ! ,secret>y has det]m9$1 ) ! concurr5ce ( ! ,commission]1 t ! application ( ! bord] tax adju/m5t program pursuant to ?is "p is te*nically & adm9i/ratively feasible & appropriate to a*ieve ! purposes ( ?is "p1 tak+ into acc\nt ! gre5h\se gas int5sity1 & :]e appropriate ! trade int5sity1 ( ! indu/rial sector t produces ! good1 z measur$ consi/5t ) section #iiac & ! ability ( ! produc]s to recov] co/ increases 9 ! m>ketplace & o!r appropriate factors4 7#i7 ,,naics ,! t]m ,,naics means ! ,nor? ,am]ican ,indu/rial ,classification ,sy/em ( #bjjb4 7#aj7 ,output ,! t]m output means ! total tonnage or o!r /&>d unit ( production 7z det]m9$ by ! ,secret>y7 produc$ by an entity 9 an indu/rial sector4 #iiac4 ,notification ( =eign c\ntries 7a7 ,9 g5]al ,z soon z practicable aft] ! date ( ! enactm5t ( ! ,mod]niz+ ,am]ica ) ,rebuild+ to ,kick/>t ! ,economy ( ! ,tw5ty-fir/ ,c5tury ) a ,hi/oric ,infra/ructure-,c5t]$ ,expansion ,act1 ! ,presid5t %all notify ea* =eign c\ntry-- 7#a7 reque/+ ! =eign c\ntry to take appropriate measures to limit ! gre5h\se gas emissions ( ! =eign c\ntry1 & 7#b7 indicat+ t a bord] tax adju/m5t may apply to cov]$ goods import$ into & export$ f ! ,unit$ ,/ates4 7b7 ,li/s 7#a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ! ,mod]niz+ ,am]ica ) ,rebuild+ to ,kick/>t ! ,economy ( ! ,tw5ty-fir/ ,c5tury ) a ,hi/oric ,infra/ructure-,c5t]$ ,expansion ,act1 ! ,secret>y %all promulgate a rule designat+1 bas$ on ! crit]ia "u subsection 7c77#b71 indu/rial sectors :]e cov]$ products are liable = ! bord] tax adju/m5t4 7#b7 ,cont5t ,! li/ %all include ! am\nt ( ! bord] tax adju/m5t rate = ea* cov]$ good 9 ! foll[+ cal5d> ye> pursuant to section #iiad4 7#c7 ,subsequ5t li/s ,n lat] ?an ,janu>y #ca ( ea* cal5d> ye> aft] ! cal5d> ye> 9 :i* ! ,mod]niz+ ,am]ica ) ,rebuild+ to ,kick/>t ! ,economy ( ! ,tw5ty-fir/ ,c5tury ) a ,hi/oric ,infra/ructure-,c5t]$ ,expansion ,act is enact$1 ! ,secret>y %all publi% 9 ! ,f$]al ,regi/] an updat$ v]sion ( ! li/ publi%$ "u p>agraph 7#a74 7c7 ,eligible indu/rial sectors 7#a7 ,presumptively eligible indu/rial sectors 7,a7 ,eligibility crit]ia 7i7 ,9 g5]al 7,i7 ,import$ cov]$ goods are liable "u ?is "p if !y are produc$ 9 ! ,unit$ ,/ates 9 an indu/rial sector t is includ$ 9 a #f-;digit classification ( ! ,,naics t meets ! crit]ia 9 bo? clauses 7ii7 & 7iii74 7,,ii7 ,export$ cov]$ goods are eligible "u ?is "p if !y are produc$ 9 ! ,unit$ ,/ates 9 an indu/rial sector t is includ$ 9 a #f-;digit classification ( ! ,,naics t meets ! crit]ia 9 clause 7ii74 7ii7 ,gre5h\se gas int5sity ,z det]m9$ by ! ,secret>y1 an indu/rial sector meets ! crit]ia ( ?is clause if ! ,unit$ ,/ates indu/rial sector has a gre5h\se gas int5sity ( at lea/ #e p]c5t1 calculat$ by divid+-- 7,i7 ! numb] ( metric tons ( c>bon dioxide equival5t gre5h\se gas emissions 7includ+ direct emissions f fuel combu/ion1 process emissions1 & indirect emissions f ! g5]ation ( electricity us$ to produce ! output ( ! sector7 ( ! sector bas$ on data describ$ 9 subp>agraph 7,c71 multipli$ by ! applicable rate 9 section #iija7;b77#b71 by 7,,ii7 ! value ( ! %ipm5ts ( ! sector1 bas$ on data describ$ 9 subp>agraph 7,c74 7iii7 ,trade int5sity ,z det]m9$ by ! ,secret>y1 an indu/rial sector meets ! crit]ia ( ?is clause if ! indu/rial sector has a trade int5sity ( at lea/ #ae p]c5t1 calculat$ by divid+-- 7,i7 ! value ( ! total imports & exports ( ! sector1 by 7,,ii7 ! value ( ! %ipm5ts plus ! value ( imports ( ! sector1 bas$ on data describ$ 9 subp>agraph 7,c74 7,b7 ,metal & phosphate production classifi$ "u m ?an "o naics code ,= purposes ( ?is section1 ! ,secret>y %all-- 7i7 aggregate data = ! b5eficiation or o!r process+ 7includ+ agglom]ation7 ( metal ores1 includ+ iron & copp] ores1 soda a%1 or phosphate ) subsequ5t /eps 9 ! process ( metal & phosphate manufactur+1 reg>dless ( ! ,,naics code "u :i* ! activity is classifi$1 & 7ii7 aggregate data = ! manufactur+ ( /eel ) ! manufactur+ ( /eel pipe & tube made f pur*as$ /eel 9 a non9tegrat$ process4 7,c7 ,data s\rces 7i7 ,value ( %ipm5ts 7,i7 ,9 g5]al ,! ,secret>y %all det]m9e ! value ( %ipm5ts "u ?is subsection f data f ! ,unit$ ,/ates ,c5sus ,annual ,survey ( ,manufactur]s4 7,,ii7 ,av]age data available ,! ,secret>y %all use ! av]age ( data f ! mo/ rec5t #c ye>s = :i* ! data are available4 7,,iii7 ,av]age data n available ,if data describ$ 9 subclause 7,,ii7 are unavailable1 ! ,secret>y %all make a det]m9ation bas$ on-- 7aa7 data f ! mo/ detail$ indu/rial classification level ( ! ,manufactur+ ,en]gy ,consumption ,survey ( ! ,en]gy ,in=mation ,adm9i/ration1 & 7bb7 data f ! mo/ rec5t ,economic ,c5sus ( ! ,unit$ ,/ates4 7,,iv7 ,data n available = sector ,if data f ! ,manufactur+ ,en]gy ,consumption ,survey or ,economic ,c5sus are unavailable = any sector at ! #f-;digit classification level 9 ! ,,naics1 ! ,secret>y may use available ,manufactur+ ,en]gy ,consumption ,survey or ,economic ,c5sus data p]ta9+ to a broad] indu/rial category classifi$ 9 ! ,,naics4 7,v7 ,data n available = process+ ,if data relat+ to ! b5eficiation or o!r process+ 7includ+ agglom]ation7 ( metal ores 7includ+ iron & copp] ores1 soda a%1 or phosphate7 are n available f ! specifi$ data s\rces1 ! ,secret>y-- 7aa7 %all use ! be/ available ,f$]al or ,/ate gov]nm5t data1 & 7bb7 may use1 to ! ext5t necess>y1 repres5tative data submitt$ by entities t p]=m ! b5eficiation or o!r process+ 7includ+ agglom]ation71 9 mak+ a det]m9ation4 7ii7 ,imports & exports 7,i7 ,9 g5]al ,! ,secret>y %all base ! value ( imports & exports "u ?is subsection on ,unit$ ,/ates ,int]national ,trade ,commission data4 7,,ii7 ,av]age data available ,! ,secret>y %all use ! av]age ( data f ! ?ree mo/ rec5t ye>s = :i* ! data are available4 7,,iii7 ,av]age data n available ,if data f ! ,unit$ ,/ates ,int]national ,trade ,commission are unavailable = any sector at ! #f-;digit classification level 9 ! ,,naics1 ! ,secret>y may use ,unit$ ,/ates ,int]national ,trade ,commission data p]ta9+ to a broad] indu/rial category classifi$ 9 ! ,,naics4 7iii7 ,p]c5tages ,! ,secret>y %all r\nd ! gre5h\se gas int5sity & trade int5sity p]c5tages "u subp>agraph 7,a7 to ! ne>e/ :ole numb]4 7iv7 ,gre5h\se gas emission calculations ,:5 calculat+ ! metric tons ( c>bon dioxide equival5t gre5h\se gas emissions = ea* sector "u subp>agraph 7,a77ii77,i71 ! ,secret>y-- 7,i7 %all use ! be/ available data f ! ?ree mo/ rec5t ye>s = :i* ! data are available1 & 7,,ii7 may1 to ! ext5t necess>y ) respect to a sector1 use economic & eng9e]+ models & ! be/ available in=mation on te*nology p]=mance levels = ! sector4 7#b7 ,adm9i/rative det]m9ation ( additional eligible indu/rial sectors 7,a7 ,updat$ trade int5sity data ,! ,secret>y %all designate z liable = ! bord] tax adju/m5t rate on import$ products "u ?is "p an indu/rial sector t-- 7i7 met ! gre5h\se gas int5sity crit]ia 9 p>agraph 7#a77;,a77ii7 z ( ! date ( promulgation ( ! rule "u p>agraph 7#a71 & 7ii7 meets ! trade int5sity crit]ia e/abli%$ "u p>agraph 7#a77;,a77iii71 us+ data s\rces describ$ 9 p>agraph 7#a77;,c7 f any ye> aft] ! passage ( ?is ,act4 7,b7 ,individual %[+ petition 7i7 ,petition ,9 addition to designation "u subp>agraph 7,a71 ! own] or op]ator ( an entity or a gr\p ( entities t collectively produce n less ?an #hj p]c5t ( ! av]age annual value ( %ipm5ts f )9 ! sector ( ! gr\p consi/5t ) subclause 7,i71 t manufacture simil> products 9 an indu/rial sector may petition ! ,secret>y to designate z eligible indu/rial sectors "u ?is "p an entity or a gr\p ( entities t-- 7,i7 repres5t a sector us+ a /&>d product classification1 & 7,,ii7 meet ! respective import &_/or export eligibility crit]ia 9 p>agraph 7#a77;,a77i74 7ii7 ,data ,9 mak+ a det]m9ation "u ?is subp>agraph1 ! ,secret>y %all consid]-- 7,i7 data submitt$ by ! petition]1 7,,ii7 data solicit$ by ! ,secret>y f o!r entities 9 ! sector1 & 7,,iii7 data specifi$ 9 p>agraph 7#a77;,c74 7iii7 ,basis ( subsector det]m9ation 7,i7 ,9 g5]al ,except z provid$ 9 subclause 7,,ii71 ! ,secret>y %all det]m9e an entity or gr\p ( entities to be a subsector ( a #f-;digit section ( ! ,,naics code bas$ only on ! products manufactur$ & n ! indu/rial process by :i* ! products are manufactur$4 7,,ii7 ,type ( mat]ial ,! ,secret>y may det]m9e an entity or gr\p ( entities t manufacture a product f prim>ily virg9 mat]ial to be a sep>ate subsector f ano!r entity or gr\p ( entities t manufacture ! same product prim>ily f recycl$ mat]ial4 7iv7 ,use ( mo/ rec5t data ,9 det]m9+ :e!r to designate a sector or subsector z an eligible indu/rial sector "u ?is subp>agraph1 ! ,secret>y %all use ! mo/ rec5t data available f ! s\rces describ$ 9 p>agraph 7#a77;,c71 r ?an ! data f ! ye>s specifi$ 9 p>agraph 7#a77;,c71 to det]m9e ! trade int5sity ( ! sector or subsector1 b only = det]m9+ ! trade int5sity4 7v7 ,f9al action ,! ,secret>y %all take f9al action on a petition describ$ 9 ?is subp>agraph n lat] ?an #ahj days aft] ! date ! complet$ petition is receiv$ by ! ,secret>y4 7#c7 ,cessation ( qualify+ activities ,if1 z det]m9$ by ! ,secret>y1 an indu/rial sector or a cov]$ good )9 ! sector is no long] liable to be designat$ "u ?is section1 ! ,commission] %all cease to apply ! bord] tax adju/m5t on ! relevant cov]$ goods ) effect f ,janu>y #a ( ! foll[+ ye>4 #iiad4 ,bord] tax adju/m5t rate 7a7 ,e/abli%m5t ,! ,secret>y1 ) ! concurr5ce ( ! ,commission]1 %all1 no lat] ?an ! date t is "o ye> aft] ! date ( ! enactm5t ( ?is section1 promulgate regulations-- 7#a7 e/abli%+ ! products :i* are liable =1 & requir+ paym5t (1 ! bord] tax adju/m5t rate1 7#b7 e/abli%+ a g5]al me?odology = calculat+ ! level ( ! bord] tax adju/m5t rate t a dome/ic import] ( any cov]$ good mu/ submit & ! rebate t an export] w receive1 7#c7 e/abli%+ an adm9i/rative process :]eby any det]m9ation by ! ,secret>y "u ?is subsection may be appeal$1 7#d7 exempt+ f ?is section products t orig9ate f-- 7,a7 any c\ntry t ! ,unit$ ,nations has id5tifi$ z among ! lea/ develop$ ( develop+ c\ntries1 or 7,b7 any c\ntry t ! ,presid5t has det]m9$ to be responsible = less ?an #j4e p]c5t ( total global gre5h\se gas emissions & less ?an #e p]c5t ( global production 9 ! eligible indu/rial sector1 7#e7 specify+ ! proc$ures t ! ,commission] w apply = ! decl>ation & entry ( cov]$ goods ) respect to ! eligible indu/rial sector into ! cu/oms t]ritory ( ! ,unit$ ,/ates1 & 7#f7 e/abli%+ proc$ures t prev5t circumv5tion ( ! c>bon tax liability = cov]$ goods t are manufactur$ or process$ 9 m ?an "o =eign c\ntry4 7b7 ,presid5tial discretion ,! ,presid5t may elect n to levy ! bord] tax adju/m5t = an eligible indu/rial sector or = specific products )9 t sector if ! ,presid5t det]m9es & c]tifies to ,congress t ! program w\ld n be 9 ! national int]e/1 economic int]e/1 or environm5tal int]e/ ( ! ,unit$ ,/ates4 4 7b7 ,cl]ical am5dm5t ,! table ( subtitles = ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new item3 ,subtitle ,l4 ,gre5h\se ,gas ,emissions4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to emissions aft] ! lat] ( ,decemb] #ca1 #bjai1 & ! date t is "o ye> aft] ! date regulations are promulgat$ "u section #iiad ( ! ,int]nal ,rev5ue ,code ( #aihf4 ,,ii ,di/ribution ( ,rev5ues ,f ,taxation ( ,gre5h\se ,gas ,emissions ,a ,rebuild+ ,infra/ructure & ,solutions = ! ,environm5t ,tru/ ,fund #bja4 ,e/abli%m5t ( ! rise tru/ fund ,!re is h]eby creat$ 9 ! ,treasury ( ! ,unit$ ,/ates a tru/ fund to be kn[n z ! ,rebuild+ ,infra/ructure & ,solutions = ! ,environm5t ,tru/ ,fund 7h]eaft] 9 ?is ,act ref]r$ to z ! ,,rise ,tru/ ,fund71 consi/+ ( am\nts paid into ! ,treasury pursuant to subtitle ,l ( ! ,int]nal ,rev5ue ,code ( #aihf 7z add$ by title ,i ( ?is ,act71 & #ge p]c5t ( su* am\nts are h]eby appropriat$ & transf]r$ to ! ,,rise ,tru/ ,fund4 #bjb4 ,appropriations f ! rise tru/ fund 7a7 ,9 g5]al ,am\nts 9 ! ,,rise ,tru/ ,fund = a fiscal ye> %all be available1 z provid$ by appropriation ,acts1 z foll[s3 7#a7 #gj p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj to ! ,highway ,tru/ ,fund4 7#b7 #a4e p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj = ! wea!rization program develop$ "u "p ,a ( title ,,iv ( ! ,en]gy ,cons]vation & ,production ,act 7#db ,u4,s4,c4 #fhfa et seq474 7#c7 #c p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj = assi/ance = displac$ en]gy work]s "u section #cba4 7#d7 #b4e p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj to ! ,airport & ,airway ,tru/ ,fund "u section #iejb ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#e7 #j4a p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj to ! ,leak+ ,und]gr\nd ,/orage ,tru/ ,fund "u section #iejh ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#f7 #a4e p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj to ! ,ab&on$ ,m9e ,reclamation ,fund "u section #dja ( ! ,surface ,m9+ ,control & ,reclamation ,act ( #aigg 7#cj ,u4,s4,c4 #abca74 7#g7 #d p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj = frequ5t & *ronic coa/al flood+ mitigation & adaptation infra/ructure projects "u section #cjb4 7#h7 #a4e p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj = ,advanc$ ,rese>* ,projects ,ag5cy-,en]gy "u section #ejab ( ! ,am]ica ,,competes ,act 7#db ,u4,s4,c4 #afech74 7#i7 #j4g p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj = ! ,c>bon ,capture ,rese>* & ,developm5t ,program ( ! ,national ,en]gy ,te*nology ,laboratory1 ,(fice ( ,fossil ,en]gy1 ,dep>tm5t ( ,en]gy4 7#aj7 #j4e p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj = assi/ance = ,c>bon ,/orage ,,doe ,fossil ,en]gy ,rese>*1 ,developm5t1 & ,demon/ration ,program ,areas1 ,coal ,program ,area 7,c>bon ,/orage74 7#aa7 #j4e p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj = assi/ance to ! ,national ,en]gy ,te*nology ,laboratory ( ! ,(fice ( ,fossil ,en]gy = ! rese>* & developm5t ( c>bon removal te*nologies4 7#ab7 #j4c p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj to ! ,secret>y ( ,en]gy = rese>* & developm5t to id5tify & assess novel uses = c>bon oxides1 includ+ ! conv]sion ( c>bon dioxide = comm]cial & indu/rial products1 su* z *emicals1 pla/ics1 build+ mat]ials1 fuels1 cem5t1 products ( coal use 9 p[] sy/ems or o!r applications1 or o!r products ) demon/rat$ m>ket value4 7#ac7 #j4b p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj to ! ,secret>y ( ,en]gy to provide grants to entities con/ruct+ common c>ri] pipel9e infra/ructure to transport an?ropog5ic c>bon dioxide = ! increm5tal co/ ( provid+ extra capacity = future c>bon dioxide transport ne$s4 7#ad7 #j4e p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj = rese>* & developm5t relat+ to en]gy /orage by batt]y ?r\gh ! ,(fice ( ,electricity1 ,dep>tm5t ( ,en]gy4 7#ae7 #aj p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj = ,/ate grants "u section #bjc4 7#af7 #a p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj to ! ,re=e/ation ,tru/ ,fund 7#af ,u4,s4,c4 #afjf;a74 7#ag7 #j4a p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj = assi/ance ?r\gh coop]ative agreem5ts to decrease ! environm5tal impact ( en]gy-relat$ activities pursuant to section #ica ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbca74 7#ah7 #a4f p]c5t = ea* ( ! fiscal ye>s #bjba ?r\gh #bjcj = ! environm5tal quality inc5tives program "u *apt] #d ( subtitle ,d ( title ,,xii ( ! ,food ,security ,act ( #aihe 7#af ,u4,s4,c4 #chci;aa et seq47 = paym5ts to produc]s to implem5t practices t promote improvem5ts id5tifi$ 9 subp>agraphs 7,a7 & 7,c7 ( section #abdj;,b7d77#c7 ( su* ,act 7#af ,u4,s4,c4 #chci;aa-#b74 7#ai7 #j4e p]c5t = ea* ( fiscal ye>s #bjba ?r\gh #bjcj = ! regional cons]vation p>tn]%ip program "u section #abga ( ! ,food ,security ,act ( #aihe 7#af ,u4,s4,c4 #chga7 = eligible activities on eligible l& ?r\gh p>tn]%ip agreem5ts ) eligible p>tn]s & contracts ) produc]s t address "o ( ! foll[+ goals3 7,a7 ,soil heal?4 7,b7 ,nutri5t managem5t4 7,c7 ,=e/ re/oration4 7,d7 ,r$uction ( me?ane emissions4 7,e7 ,o!r relat$ activities t ! ,secret>y det]m9es w help a*ieve cons]vation b5efits & increase c>bon seque/ration or r$uce gre5h\se gas emissions4 7b7 ,c>bon removal ,= purposes ( subsection 7a77#aa71 ! t]m c>bon removal te*nologies includes3 7#a7 ,direct air capture & /orage te*nologies1 :i* %all n include any equipm5t :i* captures c>bon dioxide :i* is delib]ately releas$ f naturally occurr+ subsurface spr+s or us+ natural photosyn!sis4 7#b7 ,bio5]gy ) c>bon capture & seque/ration4 7#c7 ,enhanc$ geological wea!r+4 7#d7 ,agricultural & graz+ practices4 7#e7 ,=e/ managem5t & af=e/ation4 7#f7 ,plann$ or manag$ c>bon s9ks1 includ+ natural & artificial4 4 7c7 ,wage rate requirem5ts ,not)/&+ any o!r provision ( law & 9 a mann] consi/5t ) o!r provisions 9 ?is ,act1 all labor]s & me*anics employ$ by contractors & subcontractors on projects fund$ directly by or assi/$ 9 :ole or 9 "p by & ?r\gh ! ,f$]al ,gov]nm5t pursuant to ?is ,act %all be paid wages at rates n less ?an ^? prevail+ on projects ( a "* simil> 9 ! locality z det]m9$ by ! ,secret>y ( ,labor 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 ,) respect to ! labor /&>ds specifi$ 9 ?is section1 ! ,secret>y ( ,labor %all h ! au?ority & functions set =? 9 ,reorganization ,plan ,numb]$ #ad ( #aiej 7#fd ,/at4 #abfg2 #e ,u4,s4,c4 ,app47 & section #cade ( title #dj1 ,unit$ ,/ates ,code4 7d7 ,con=m+ am5dm5ts 7#a7 ,leak+ und]gr\nd /orage tank tru/ fund ,section #iejh7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 by /rik+ & at ! end ( p>agraph 7#c72 7,b7 by /rik+ ! p]iod at ! end ( p>agraph 7#d7 & ins]t+ 1 &2 & 7,c7 by ins]t+ aft] p>agraph 7#d7 ! foll[+3 7#e7 am\nts made available to ! ,leak+ ,und]gr\nd ,/orage ,tank ,tru/ ,fund f ! ,,rise ,tru/ ,fund "u section #bjb7;a77#e7 ( ! ,mod]niz+ ,am]ica ) ,rebuild+ to ,kick/>t ! ,economy ( ! ,tw5ty-fir/ ,c5tury ) a ,hi/oric ,infra/ructure-,c5t]$ ,expansion ,act4 4 7#b7 ,re=e/ation tru/ fund 7,a7 ,s\rce ( funds ,section #cjc7;a7 ( ! ,act ( ,octob] #ad1 #aihj 7#af ,u4,s4,c4 #afjf;a7a77 is am5d$ by /rik+ subsection 7b77#a7 & ins]t+ p>agraph 7#a7 or 7#d7 ( subsection 7b74 7,b7 ,special rule relat+ to limitation ,section #cjc7;b7 ( ! ,act ( ,octob] #ad1 #aihj 7#af ,u4,s4,c4 #afjf;a7b77 is am5d$-- 7i7 9 p>agraph 7#b7 by ins]t+ "u p>agraph 7#a7 aft] transf]1 & 7ii7 by add+ at ! end ! foll[+3 7#d7 ,n lat] ?an #i mon?s aft] ! enactm5t ( ! ,mod]niz+ ,am]ica ) ,rebuild+ to ,kick/>t ! ,economy ( ! ,tw5ty-fir/ ,c5tury ) a ,hi/oric ,infra/ructure-,c5t]$ ,expansion ,act1 ! ,secret>y %all transf] to ! ,tru/ ,fund ! am\nts made available "u section #bjb7;a77#ac7 ( su* ,act4 4 #bjc4 ,/ate grants 7a7 ,9 g5]al ,f am\nts made available "u section #bjb7;a77#ae71 ! ,secret>y ( ! ,treasury %all make a annual grant to ea* ,/ate 7h]eaft] 9 ?is section ref]r$ to z ,/ate grant7 to di/ribute to eligible l[-income h\seholds 9 accordance ) ?is section4 7b7 ,eligible l[-,income h\sehold ,a h\sehold %all be consid]$ to be an eligible l[-income h\sehold = purposes ( ?is section if-- 7#a7 except z provid$ 9 subsection 7d77#d71 ! gross income ( ! h\sehold does n exce$ #aej p]c5t ( ! pov]ty l9e2 7#b7 ! appropriate ,/ate ag5cy = ! ,/ate 9 :i* ! h\sehold is locat$ det]m9es t ! h\sehold is p>ticipat+ 9-- 7,a7 ! ,supplem5tal ,nutrition ,assi/ance ,program au?oriz$ by ! ,food & ,nutrition ,act ( #bjjh 7#g ,u4,s4,c4 #bjaa et seq472 7,b7 ! ,food ,di/ribution ,program on ,indian ,res]vations au?oriz$ by section #d7;b7 ( su* ,act 7#g ,u4,s4,c4 #bjac7;b772 or 7,c7 ! program = nutrition assi/ance 9 ,pu]to ,rico or ,am]ican ,samoa "u section #ai ( su* ,act 7#g ,u4,s4,c4 #bjbh72 7#c7 ! h\sehold consi/s ( a s+le individual or a m>ri$ c\ple1 &-- 7,a7 receives ! subsidy describ$ 9 section #ahfj;,d-#ad ( ! ,social ,security ,act 7#db ,u4,s4,c4 #aciew-#aad72 or 7,b7 7i7 p>ticipates 9 ! program "u title ,,xviii ( ! ,social ,security ,act2 & 7ii7 meets ! income requirem5ts describ$ 9 section #ahfj;,d-#ad7;a77#a7 or 7a77#b7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #aciew-#aad7;a77#a7 or 7a77#b772 or 7#d7 ! h\sehold consi/s ( a s+le individual or a m>ri$ c\ple1 & receives b5efits "u ! supplem5tal security income program "u title ,,xvi ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acha-achc;f74 7c7 ,am\nt ,! ,secret>y ( ! ,treasury1 9 consultation ) ! ,secret>y ( ,en]gy & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all det]m9e ! am\nt ( ea* ,/ate grant 9 proportion to ! p]c5tage ( total ,unit$ ,/ates gre5h\se gas emissions attributable to electricity1 natural gas1 gasol9e1 diesel1 & fuel e?anol sold 9 su* ,/ate dur+ ! prec$+ cal5d> ye>4 7d7 ,rule relat+ to process ,n lat] ?an #a ye> aft] ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury %all e/abli% by rule a date 9 ea* ye> by :i* ea* ,/ate %all notify ! ,secret>y h[ ! ,/ate int5ds to di/ribute ! ,/ate ,grant4 ,! ,secret>y %all transf] ! ,/ate ,grant to ea* ,/ate only ^u ! ,/ate demon/rat+ to ! ,secret>y's satisfaction t ! ,/ate int5ds to di/ribute ! ,/ate ,grant 9 accordance ) ?is section4 7e7 ,/ate ,= ! purposes ( ?is section1 ! t]m ,/ate includes ! ,di/rict ( ,columbia & any t]ritory ( possession ( ! ,unit$ ,/ates4 ,b ,c]ta9 ,manufactur]s ,excise ,taxes #baa4 ,repeal ( ,f$]al motor vehicle & aviation fuel taxes 7a7 ,9 g5]al ,subp>t ,a ( "p ,,iii ( sub*apt] ,a ( *apt] #cb ( ! ,int]nal ,rev5ue ,code ( #aihf is h]eby repeal$4 7b7 ,effective date ,! repeal made by subsection 7a7 %all apply to transactions aft] ,decemb] #ca1 #bjai4 #bab4 ,am5dm5ts to c]ta9 tax cr$its = c>bon capture & /orage 7a7 ,9 g5]al ,section #de,q ( ! ,int]nal ,rev5ue ,code 7#bf ,u4,s4,c4 #de,q7 is am5d$ 9 subsection 7d77#a71 by /rik+ #bjbd & ins]t+ #bjbf4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 #bac4 ,modifications ( qualify+ advanc$ coal project cr$it 7a7 ,seque/ration requirem5t = c]ta9 equipm5t ,section #dh;,a7e77#a77;,g7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ & #fj p]c5t 9 ! case ( an application = a reallocation ( cr$its "u subsection 7d77#d7 ) respect to an electrical g5]at+ unit 9 exi/5ce on ,octob] #c1 #bjjh aft] "u subsection 7d77#d74 7b7 ,nameplate g5]at+ capacity requirem5t ,section #dh;,a7e77#a77;,c7 ( su* ,code is am5d$ by /rik+ #djj megawatts & ins]t+ #bjj megawatts4 7c7 ,advanc$ coal-,bas$ g5]ation te*nology requirem5ts 7#a7 ,9 g5]al ,section #dh;,a7f77#a7 ( su* ,code is am5d$ by /rik+ g5]ation te*nology if-- & all t foll[s ?r\gh ! unit is design$ & ins]t+ g5]ation te*nology if ! unit is design$4 7#b7 ,con=m+ am5dm5ts ,section #dh;,a7f7 is am5d$-- 7,a7 by /rik+ all t prec$es ! purpose ( ?is section & ins]t+ ! foll[+3 7f7 ,advanc$ coal-,bas$ g5]ation te*nology ,= 2 7,b7 by /rik+ 9 subp>agraph 7,b7 9 ! second s5t5ce & ins]t+ 9 ?is subsection2 & 7,c7 by /rik+ p>agraphs 7#b7 & 7#c74 7d7 ,p]=mance requirem5ts 9 case ( be/ available control te*nology ,section #dh;,a7f7 ( su* ,code1 z am5d$ by ?is ,act1 is am5d$ by add+ at ! end ! foll[+3 ,9 ! case ( a retr(it ( a unit :i* has und]gone a be/ available control te*nology analysis aft] ,augu/ #h1 #bjje1 ) respect to ! removal or emissions ( any pollutant :i* is ,,s#b or ,n,ox1 ! removal or emissions design level ) respect to su* pollutant %all be ! level det]m9$ 9 su* analysis44 7e7 ,cl>ification ( reallocation au?ority ,section #dh;,a7d77#d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 9 subp>agraph 7,a7-- 7,a7 by /rik+ ,n lat] ?an #f ye>s aft] ! date ( enactm5t ( ?is section1 ! & ins]t+ ,!2 & 7,b7 by ins]t+ & e #f mon?s !reaft] until all cr$its available "u ?is section h be5 all[$ aft] ! date :i* is #f ye>s aft] ! date ( enactm5t ( ?is section2 7#b7 9 subp>agraph 7,b7-- 7,a7 by /rik+ may reallocate cr$its available "u clauses 7i7 & 7ii7 ( p>agraph 7#c77;,b7 & ins]t+ %all reallocate cr$its rema9+ available "u p>agraph 7#c72 7,b7 by /rik+ or at ! end ( clause 7i72 & 7,c7 by /rik+ clause 7ii7 & ins]t+ ! foll[+3 7ii7 any applicant = c]tification :i* submitt$ an accept$ application has subsequ5tly fail$ to satisfy ! requirem5ts "u p>agraph 7#b77;,d71 or 7iii7 any c]tification made pursuant to p>agraph 7#b7 has be5 revok$ pursuant to p>agraph 7#b77;,e74 2 & 7#c7 9 subp>agraph 7,c7-- 7,a7 by /rik+ clause 7i7 or 7ii7 ( p>agraph 7#c77;,b7 & ins]t+ p>agraph 7#c72 7,b7 by /rik+ is au?oriz$ to & ins]t+ %all2 & 7,c7 by /rik+ an additional program & ins]t+ additional programs4 7f7 ,effective date 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 ! am5dm5ts made by ?is section %all apply to allocations & reallocations aft] ! date ( ! enactm5t ( ?is ,act4 7#b7 ,reallocation ,! am5dm5ts made by subsection 7e7 %all apply to cr$its rema9+ available "u section #dh;,a7d77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf on ! date ( ! enactm5t ( ?is ,act4 ,,iii ,am5dm5ts to ,o!r ,laws ,a ,am5dm5ts to ,f$]al ,environm5tal ,/atutes #cja4 ,am5dm5ts to ! ,clean ,air ,act 7a7 ,9 g5]al ,title ,,iii ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gfja7 is am5d$ by add+ at ! end ! foll[+3 #ccj4 ,moratorium aga9/ c]ta9 regulations bas$ on gre5h\se gas effects 7a7 ,fuels ,unless specifically au?oriz$ 9 section #bjb1 #baa1 #bac1 #bca1 or ?is section1 aft] a fossil fuel has pass$ ?r\gh a po9t ( taxation z provid$ 9 section #iija7;d7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 subject to subsection 7g71 ! ,adm9i/rator %all n issue or en=ce any rule limit+ ! emission ( gre5h\se gases f ! combu/ion ( t fuel "u ?is ,act 7or impose any requirem5t on any ,/ate to limit su* emission7 on ! basis ( ! emission's gre5h\se gas effects4 7b7 ,emissions ,unless specifically au?oriz$ 9 section #bjb1 #baa1 #bac1 #bca1 or ?is section1 if emission ( any gre5h\se gas is subject to taxation pursuant to section #iijb or #iijc ( ! ,int]nal ,rev5ue ,code ( #aihf1 ! ,adm9i/rator %all n issue or en=ce any rule limit+ su* emission "u ?is ,act 7or impose any requirem5t on any ,/ate to limit su* emission7 on ! basis ( ! emission's gre5h\se gas effects4 7c7 ,au?oriz$ regulation ,not)/&+ subsections 7a7 & 7b71 no?+ 9 ?is section limits ! ,adm9i/rator's au?ority pursuant to any o!r provision ( ?is ,act-- 7#a7 to limit ! emission ( any gre5h\se gas because ( any adv]se impact on heal? or welf>e o!r ?an its gre5h\se gas effects2 7#b7 9 limit+ emissions z describ$ 9 p>agraph 7#a71 to consid] ! collat]al b5efits ( limit+ ! emissions because ( gre5h\se gas effects2 7#c7 to limit ! emission ( any o!r pollutant t is n a gre5h\se gas t ! ,adm9i/rator det]m9es by rule has heat-trapp+ prop]ties2 or 7#d7 to take any action ) respect to any gre5h\se gas o!r ?an limit+ its emission1 includ+-- 7,a7 monitor+1 report+1 & record-keep+ requirem5ts2 7,b7 conduct+ or support+ inve/igations2 & 7,c7 in=mation collection4 7d7 ,exception = c]ta9 gre5h\se gas emissions ,not)/&+ subsections 7a7 & 7b71 no?+ 9 ?is section limits ! ,adm9i/rator's au?ority to regulate gre5h\se gas emissions f-- 7#a7 facilities t-- 7,a7 are subject to subp>t ,,oooo or ,o,o,o,oa ( "p #fj ( title #dj1 ,code ( ,f$]al ,regulations1 z 9 effect on ,janu>y #a1 #bjah1 or 7,b7 w\ld be subject to ei!r subp>t ,,oooo or ,o,o,o,oa if ^? subp>ts appli$ to facilities )\t reg>d to ! date on :i* con/ruction1 modification1 or recon/ruction comm5c$1 & 7#b7 ,,potw ,treatm5t ,plants 7z def9$ 9 section #djc4c7r7 ( title #dj1 ,code ( ,f$]al ,regulations 7z 9 effect on ! date ( enactm5t ( ?is section774 7e7 ,def9itions ,9 ?is section1 ! t]ms gre5h\se gas & gre5h\se gas effects h ! mean+s giv5 to ^? t]ms 9 section #iijg ( ! ,int]nal ,rev5ue ,code ( #aihf4 7f7 ,moratorium expiration ,subsections 7a7 & 7b7 %all cease to apply beg9n+ on ,janu>y #a1 #bjcc4 7g7 ,exceptions 7#a7 #bjbd ,not)/&+ subsections 7a7 & 7b7 ( ?is section & section #baa7;c77#e7 ( ?is ,act1 if ! ,adm9i/rator det]m9es by ,m>* #cj1 #bjbe1 pursuant to ! report requir$ by section #iija7;b77#c77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 t total gre5h\se gas emissions f s\rces subject to taxation "u sections #iija ?r\gh #iijc ( su* ,code dur+ ! p]iod ( cal5d> ye>s #bjba ?r\gh #bjbd exce$ ! emission level specifi$ 9 section #iija7;b77#c77;,a7 ( su* ,code = cal5d> ye> #bjbd1 !n beg9n+ on ,octob] #a1 #bjbe1 subsections 7a7 & 7b7 %all cease to apply4 7#b7 #bjbh ,not)/&+ subsections 7a7 & 7b7 ( ?is section & section #baa7;c77#e7 ( ?is ,act1 if ! ,adm9i/rator det]m9es by ,m>* #cj1 #bjbi1 pursuant to ! report requir$ by section #iija7;b77#c77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 t total gre5h\se gas emissions f s\rces subject to taxation "u sections #iija ?r\gh #iijc ( su* ,code dur+ ! p]iod ( cal5d> ye>s #bjba ?r\gh #bjbh exce$ ! emission level specifi$ 9 section #iija7;b77#c77;,a7 ( su* ,code = cal5d> ye> #bjbh1 !n beg9n+ on ,octob] #a1 #bjbi1 subsections 7a7 & 7b7 %all cease to apply4 4 7b7 ,new motor vehicles & new motor vehicle eng9es ,section #bjb7;b7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #geba7;b77 is am5d$-- 7#a7 by r$esignat+ ! second p>agraph 7#c7 7z r$esignat$ by section #bcj7d77;,c7 ( ,public ,law #aja-edi 7#ajd ,/at4 #bebi77 z p>agraph 7#d72 & 7#b7 by add+ at ! end ! foll[+3 7#e7 ,not)/&+ section #ccj7;a71 ! ,adm9i/rator may-- 7,a7 limit ! emission ( any gre5h\se gas 7z def9$ 9 section #iijg ( ! ,int]nal ,rev5ue ,code ( #aihf7 on ! basis ( ! emission's gre5h\se gas effects 7z def9$ 9 section #iijg ( ! ,int]nal ,rev5ue ,code ( #aihf7 f any class or classes ( new motor vehicles or new motor vehicle eng9es subject to regulation "u subsection 7a77#a72 & 7,b7 grant a waiv] "u section #bji7;b77#a7 = /&>ds = ! control ( gre5h\se gas emissions4 4 7c7 ,fuels ,section #baa7;c7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gede7;c77 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#e7 ,except z requir$ 9 subsection 7o71 ! ,adm9i/rator %all n1 pursuant to ?is subsection1 impose on any manufactur]1 processor1 or di/ributor ( fuel any requirem5t = ! purpose ( r$uc+ ! emission ( any gre5h\se gas 7z def9$ 9 section #iijg ( ! ,int]nal ,rev5ue ,code ( #aihf7 produc$ by combu/ion ( ! fuel on ! basis ( ! emission's gre5h\se gas effects 7z def9$ 9 section #iijg ( ! ,int]nal ,rev5ue ,code ( #aihf74 4 7d7 ,nonroad eng9es & vehicles emissions /&>ds ,section #bac ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gedg7 is am5d$ by add+ at ! end ! foll[+3 7e7 ,gre5h\se gas emissions ,not)/&+ subsections 7a7 & 7b7 ( section #ccj1 ! ,adm9i/rator may limit ! emission ( any gre5h\se gas 7z def9$ 9 section #iijg ( ! ,int]nal ,rev5ue ,code ( #aihf7 on ! basis ( ! emission's gre5h\se gas effects 7z def9$ 9 section #iijg ( ! ,int]nal ,rev5ue ,code ( #aihf7 f any nonroad eng9es & nonroad vehicles subject to regulation "u ?is section4 4 7e7 ,aircraft emission /&>ds ,section #bca ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #geg7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7d7 ,not)/&+ subsections 7a7 & 7b7 ( section #ccj1 ! ,adm9i/rator may limit ! emission ( any gre5h\se gas 7z def9$ 9 section #iijg ( ! ,int]nal ,rev5ue ,code ( #aihf7 on ! basis ( ! emission's gre5h\se gas effects 7z def9$ 9 section #iijg ( ! ,int]nal ,rev5ue ,code ( #aihf7 f any class or classes ( aircraft eng9es1 s long z any su* limitation is n m /r+5t ?an ! /&>ds adopt$ by ! ,int]national ,civil ,aviation ,organization4 4 #cjb4 ,frequ5t & *ronic flood+ mitigation & adaptation infra/ructure projects 7a7 ,9 g5]al ,! ,secret>y ( ,comm]ce & ! ,secret>y ( ! ,army 7h]e9aft] ref]r$ to z ! ,secret>ies71 9 consultation ) ! ,secret>y ( ,homel& ,security1 may make grants to ,/ate & local gov]nm5ts & f$]ally recogniz$ ,indian ,tribes = frequ5t & *ronic flood+ mitigation & adaptation infra/ructure projects4 7b7 ,au?oriz$ uses ,am\nts provid$ z a grant "u ?is section may be us$ = any ( ! foll[+3 7#a7 ,adaptation ( exi/+ infra/ructure to mitigate impacts ( climate *ange1 includ+ enhancem5ts to bo? built & natural environm5ts4 7#b7 ,ma9t5ance & updat+ ( exi/+ flood risk r$uction infra/ructure1 su* z gravity dra9age /ructures1 road elevation1 bulkheads1 gates1 & floodwalls4 7#c7 ,increas+ resili5ce to frequ5t & *ronic flood+1 includ+ 7z comb9$ or sep>ate projects7-- 7,a7 ! creation ( bulkheads1 levees1 & o!r h>d infra/ructure alone or 9 comb9ation ) natural infra/ructure describ$ 9 subp>agraph 7,b72 & 7,b7 habitat re/oration "w1 includ+ dune enhancem5t1 vegetative re/oration1 bea* r5\ri%m5t1 coral & oy/] reef re/oration1 floodpla9 re/oration1 & o!r actions to re/ore ! function ( ! natural ecological function & processes to provide flood risk r$uction b5efits4 7#d7 ,improvem5ts to conveyance1 div]sion1 removal1 & /orage infra/ructure to r$uce risks caus$ by frequ5t & *ronic flood+4 7#e7 ,innovative me?ods to r$uce risks caus$ by *ronic flood+ along /reet infra/ructure sy/ems1 includ+ canal /reets1 absorb5t /reets1 floodable p>ks1 bioswales1 ra9 g>d5s1 p]meable pavem5t1 & und]gr\nd ci/]ns4 7#f7 ,deploym5t ( te*nologies design$ to mitigate p[] outages1 cont9ue deliv]y ( vital electricity s]vices1 & ma9ta9 ! fl[ ( p[] to facilities critical to public heal?1 safety & welf>e1 includ+ di/ribut$ g5]ation1 en]gy /orage1 & microgrids4 7c7 ,limitation on project eligibility ,a project %all n be eligible = fund+ "u ?is section if x w h any long-t]m negative impact on important ecological functions & habitat or exi/+ natural protection features & functions4 7d7 ,priority ,9 mak+ grants "u ?is section ! ,secret>ies %all give priority to ! foll[+3 7#a7 ,protect+ areas designat$ z special flood haz>d areas = purposes ( ! national flood insurance program "u ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq47 & ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djja et seq471 haz>d areas t incorporate at lea/ #b feet ( additional freebo>d1 or #c feet 9 ! case ( critical infra/ructure1 above base flood elevation4 7#b7 ,protect+ critical infra/ructure1 z t t]m is def9$ 9 section #ajaf7;e7 ( ! ,,usa ,,patriot ,act ( #bjja 7#db ,u4,s4,c4 #eaie;c7e774 7#c7 ,projects t yield flood risk r$uction b5efits & additional environm5tal1 social1 & economic b5efits4 7e7 ,jo9t application ,two or m contigu\s local gov]nm5ts or ,tribes may jo9tly apply =1 & receive1 a grant "u ?is section4 7f7 ,co/ %>+ 7#a7 ,limitation on f$]al %>e ,! ,f$]al %>e ( ! co/ ( any activity c>ri$ out ) a grant "u ?is section %all n exce$ #ij p]c5t ( ! co/ ( su* activity4 7#b7 ,non-f$]al %>e ,! ,secret>y %all apply to ! non-,f$]al %>e ( an activity c>ri$ out ) a grant "u ?is section ! am\nt ( funds1 & ! fair m>ket value ( prop]ty & s]vices1 provid$ by non-,f$]al s\rces & us$ = ! activity4 7g7 ,reports ,ea* recipi5t ( a grant "u ?is section %all report annually to ! ,secret>ies on ! progress made on ! project c>ri$ out ) ! grant4 #cjc4 ,no preemption ( ,/ate law ,no?+ 9 ?is act %all preempt or sup]s$e1 or be int]pret$ to preempt or sup]s$e1 any ,/ate law or regulation4 ,b ,assi/ance to ,displac$ ,work]s 9 ! ,en]gy ,sector #cba4 ,assi/ance to displac$ work]s 9 ! en]gy sector 7a7 ,9 g5]al ,= a p]iod ( #aj ye>s aft] ! enactm5t ( ! ,mod]niz+ ,am]ica ) ,rebuild+ to ,kick/>t ! ,economy ( ! ,tw5ty-fir/ ,c5tury ) a ,hi/oric ,infra/ructure-,c5t]$ ,expansion ,act1 f am\nts made available "u section #bjb ( ?is ,act1 ! ,secret>y ( ,labor %all c>ry out a program to assi/ work]s 9 ! en]gy sector4 7b7 ,work]s 9 ! en]gy sector ,= purposes ( ?is section1 ! t]m work]s 9 ! en]gy sector means-- 7#a7 work]s 9 fossil en]gy sectors t may be displac$ z a result ( ! enactm5t ( ?is ,act2 & 7#b7 work]s 9 ! nucle> p[] sector t "w at a nucle> p[] plant-- 7,a7 t ceas$ op]ation 9 ! two ye>s prec$+ ! date ( enactm5t ( ?is ,act2 or 7,b7 ! own] ( :i* ann\nc$ prior to ! date ( enactm5t ( ?is ,act its int5t to cease ! op]ation ( ! plant at a future date4 7c7 ,eligible activities ,su* assi/ance may take ! =m ( ! foll[+3 7#a7 ,work] retra9+4 7#b7 ,relocation exp5ses = ^? :o move to f9d new employm5t4 7#c7 ,e>ly retirem5t4 7#d7 ,heal? b5efits4 7#e7 ,block grants to affect$ communities = economic r$evelopm5t & infra/ructure inve/m5ts4 7#f7 ,transf]s to ! tru/ees ( ! #aigd ,unit$ ,m9e ,work]s ( ,am]ica ,p5sion ,plan to pay b5efits requir$ "u t plan4 ,no su* transf] %all be made 9 a fir/ fiscal ye> beg9n+ aft] a plan ye> = :i* ! fund$ p]c5tage 7z def9$ 9 section #dcb7;j77#b7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 ( ! #aigd ,unit$ ,m9e ,work]s ( ,am]ica ,p5sion ,plan is at lea/ #ajj p]c5t4 ,,iv ,national ,climate ,commission #dja4 ,e/abli%m5t ( ,commission 7a7 ,e/abli%m5t ,!re is e/abli%$ a bip>tisan commission to be kn[n z ! ,national ,climate ,commission 79 ?is title ref]r$ to z ! ,commission74 7b7 ,memb]%ip 7#a7 ,composition ,! ,commission %all be compos$ ( #aj memb]s1 appo9t$ z foll[s3 7,a7 ,"o co*air appo9t$ by ! ,presid5t4 7,b7 ,"o co*air appo9t$ by ! majority or m9ority lead] ( ! ,s5ate1 :oev] is ( ! opposite p>ty z ! ,presid5t1 9 consultation ) ! ,speak] or m9ority lead] ( ! ,h\se ( ,repres5tatives1 :oev] is ( ! opposite p>ty z ! ,presid5t4 7,c7 ,two memb]s appo9t$ by ! majority lead] ( ! ,s5ate4 7,d7 ,two memb]s appo9t$ by ! m9ority lead] ( ! ,s5ate4 7,e7 ,two memb]s appo9t$ by ! ,speak] ( ! ,h\se ( ,repres5tatives4 7,f7 ,two memb]s appo9t$ by ! m9ority lead] ( ! ,h\se ( ,repres5tatives4 7#b7 ,qualifications 7,a7 ,9 g5]al ,to be consid]$ = memb]%ip on ! ,commission1 an individual %all demon/rate exp]tise 9 ! economy1 en]gy1 climate1 or public heal?1 & be a repres5tative f-- 7i7 an academic1 sci5tific1 or o!r non-gov]nm5tal organization2 or 7ii7 an indu/ry organization or small bus9ess 9 a relevant sector su* z-- 7,i7 en]gy supply & transmission1 includ+ fossil fuels & r5ewable en]gy2 7,,ii7 en]gy exploration & production1 includ+ fossil fuels & r5ewable en]gy2 7,,iii7 solid wa/e & wa/ewat]2 7,,iv7 transportation2 7,v7 *emical manufactur+2 7,,vi7 agriculture2 7,,vii7 con/ruction2 & 7,,viii7 =e/ry4 7,b7 ,c]ta9 p]sons ineligible ,no employee1 own]1 director1 or o!r p]son affiliat$ ) an entity t has donat$ fund+ = ! activities ( ! ,commission pursuant to section #djd7;a7 may be appo9t$ to ! ,commission4 7,c7 ,appo9tm5t deadl9e ,memb]s ( ! ,commission %all be appo9t$ n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act4 7,d7 ,p]iod ( appo9tm5t ,memb]s ( ! ,commission %all be appo9t$ = a t]m ( #f ye>s1 :i* may be r5ew$4 7,e7 ,vacancy ,a vacancy 9 ! ,commission %all n affect ! p[]s ( ! ,commission & %all be fill$ 9 ! same mann] 9 :i* ! orig9al appo9tm5t 0 made4 7#c7 ,comp5sation ( employees ,ea* memb] ( ! ,commission may be comp5sat$ at a rate n to exce$ ! daily equival5t ( ! annual rate ( basic pay 9 effect = a position at level ,,iv ( ! ,executive ,s*$ule "u section #ecae ( title #e1 ,unit$ ,/ates ,code1 = ea* day dur+ :i* t memb] is engag$ 9 ! p]=mance ( ! duties ( ! ,commission4 7#d7 ,travel exp5ses ,ea* memb] %all receive travel exp5ses to p]=m ! duties ( ! ,commission1 includ+ p] diem 9 lieu ( subsi/5ce1 at rates au?oriz$ "u sub*apt] ,i ( *apt] #eg ( title #e1 ,unit$ ,/ates ,code4 7c7 ,meet+s 7#a7 ,initial meet+ ,! ,commission %all hold its fir/ meet+ n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act4 7#b7 ,meet+ ,! ,commission %all meet n less ?an once e #c ye>s4 7#c7 ,quorum ,six memb]s ( ! ,commission %all con/itute a quorum4 #djb4 ,duties ( ,commission 7a7 ,goals ,! ,commission %all set goals = emissions r$uction to be a*iev$ by #bjbe & e five ye>s !reaft] ?r\gh #bjej1 us+ su* e/imat$ rates ( r$uction z ! ,commission det]m9es reflect ! late/ sci5tific f9d+s ( :at is necess>y to avoid ! s]i\s human heal? & environm5tal consequ5ces ( climate *ange4 7b7 ,review ,! ,commission %all assess ! effect ( exi/+ policies & programs ( ! ,f$]al gov]nm5t ) ! aim ( a*iev+ ! emissions r$uction goals 9 subsection 7a74 7c7 ,report ,beg9n+ 9 #bjbf1 & e #e ye>s !reaft]1 ! ,commission %all issue a report to ! ,presid5t1 ,congress1 & ! ,/ates1 :i* %all include-- 7#a7 an analysis ( :e!r ! policies & programs assess$ "u subsection 7b7 are on pace to a*iev+ ! emissions r$uction goals set "u subsection 7a72 7#b7 recomm5dations1 if any1 = r$uc+ gre5h\se gas emissions2 & 7#c7 a m9ority report ) diss5t+ views1 if applicable4 #djc4 ,p[]s ( ,commission 7a7 ,obta9+ (ficial data 7#a7 ,9 g5]al ,! ,commission may secure directly f any executive dep>tm5t1 bureau1 ag5cy1 bo>d1 commission1 (fice1 indep5d5t e/abli%m5t1 or in/rum5tality ( ! ,gov]nm5t1 unre/rict$ in=mation1 sugge/ions1 e/imates1 & /ati/ics = ! purpose ( c>ry+ out ?is title4 ,ea* dep>tm5t1 bureau1 ag5cy1 bo>d1 commission1 (fice1 indep5d5t e/abli%m5t1 or in/rum5tality %all1 to ! ext5t au?oriz$ by provisions ( law o!r ?an ?is section1 furni% su* unre/rict$ in=mation1 sugge/ions1 e/imates1 & /ati/ics directly to ! ,commission1 ^u reque/ made by a co*air or any memb] designat$ by a majority ( ! ,commission4 7#b7 ,receipt1 h&l+1 /orage1 & dissem9ation ,unre/rict$ in=mation provid$ to ! ,commission "u p>agraph 7#a7 %all be receiv$1 h&l$1 /or$1 & dissem9at$ only by memb]s & /aff ( ! ,commission1 consi/5t ) any applicable /atutes1 regulations1 or ,executive ord]s4 7b7 ,assi/ance f ,f$]al ag5cies 7#a7 ,g5]al ,s]vices ,adm9i/ration ,! ,adm9i/rator ( ,g5]al ,s]vices %all provide to ! ,commission1 on a reimbursable basis1 adm9i/rative support & o!r s]vices = ! p]=mance ( ! functions ( ! ,commission4 7#b7 ,o!r dep>tm5ts & ag5cies ,9 addition to ! assi/ance prescrib$ 9 p>agraph 7#a71 dep>tm5ts & ag5cies ( ! ,unit$ ,/ates may provide to ! ,commission su* s]vices1 funds1 facilities1 /aff1 & o!r support s]vices z !y may det]m9e advisable & z may be au?oriz$ by law4 7c7 ,po/al s]vices ,! ,commission may use ! ,unit$ ,/ates mail 9 ! same mann] & "u ! same conditions z o!r dep>tm5ts & ag5cies ( ! ,unit$ ,/ates4 #djd4 ,fund+ = ! activities ( ! ,commission 7a7 ,private sector donations ,! ,secret>y ( ,comm]ce may collect private sector donations = ! purpose ( c>ry+ out ?is title1 to be deposit$ 9 ! ,treasury & made available consi/5t ) ! au?orization ( appropriations 9 subsection 7c74 7b7 ,transp>5cy ,! am\nts & s\rces ( all funds donat$ "u subsection 7a7 & all sp5d+ by ! ,commission %all be made publicly available on ! website ( ! ,commission4 7c7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,commission1 = ! purpose ( c>ry+ out ! activities ( ?is title1 #e1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjcj4 #dje4 ,/aff ( ! ,commission 7a7 ,detail ( ,gov]nm5t ,employees ,any ,f$]al ,gov]nm5t employee may be detail$ to ! ,commission )\t reimbursem5t f ! ,commission1 & su* detail %all be )\t int]ruption or loss ( civil s]vice /atus or privilege4 7b7 ,exp]t & consultant s]vices ,! ,commission may procure ! s]vices ( exp]ts & consultants 9 accordance ) section #caji ( title #e1 ,unit$ ,/ates ,code1 at rates n to exce$ ! daily equival5t ( ! annual rate ( basic pay 9 effect = a position at level ,,iv ( ! ,executive ,s*$ule "u section #ecae ( title #e1 ,unit$ ,/ates ,code4