,,ii #aaf? ,,congress #a/ ,session ,s4 #bbhd ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #be1 #bjai ,mr4 ,coons 7= himself & ,mrs4 ,fe9/e97 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to create a ,climate ,action ,rebate ,fund 9 ord] to effici5tly r$uce gre5h\se gas emissions1 provide a mon?ly rebate to ! ,am]ican p1 enc\rage innovation ( clean en]gy te*nologies & create new economic opportunities1 ensure ! resili5cy ( our infra/ructure1 assi/ ) ! transition to a clean en]gy economy1 & leave a heal?i]1 m /able1 & m prosp]\s nation = future g5]ations4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,climate ,action ,rebate ,act ( #bjai4 #b4 ,f9d+s ,! ,congress f9ds t-- 7#a7 climate *ange is co/+ ! ,unit$ ,/ates billions ( doll>s ( economic losses & poses an exi/5tial ?reat to our safety & security2 7#b7 m>kets %\ld reflect all co/s ( goods1 includ+ ext]nal factors su* z pollution2 & 7#c7 creation ( a ,climate ,action ,rebate ,fund c make m>kets m effici5t1 create jobs1 /imulate innovation1 inve/ 9 infra/ructure1 put money back 9 ! pockets ( ,am]icans1 & provide = ! transition to a clean] en]gy future4 #c4 ,c>bon fee 7a7 ,9 g5]al ,*apt] #ch ( subtitle ,d ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new sub*apt]3 ,e ,c>bon fee ,sec4 #dfia4 ,def9itions4 ,sec4 #dfib4 ,c>bon fee4 ,sec4 #dfic4 ,emissions r$uction s*$ule4 ,sec4 #dfid4 ,fee on fluor9at$ gre5h\se gases4 ,sec4 #dfie4 ,c>bon capture refunds4 ,sec4 #dfif4 ,c>bon bord] fee adju/m5t4 ,sec4 #dfig4 ,adm9i/ration ( ! c>bon bord] fee adju/m5t4 ,sec4 #dfih4 ,allocation ( c>bon bord] fee adju/m5t rev5ues4 #dfia4 ,def9itions ,= purposes ( ?is sub*apt]-- 7a7 ,adm9i/rator ,! t]m ,adm9i/rator means ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy4 7b7 ,c>bon dioxide equival5t or ,,co#b-;e ,! t]m c>bon dioxide equival5t or ,,co#b-;e means ! numb] ( metric tons ( c>bon dioxide emissions ) ! same global w>m+ pot5tial z "o metric ton ( ano!r gre5h\se gas4 7c7 ,c>bon-,int5sive product ,! t]m c>bon-int5sive product means-- 7#a7 iron1 /eel1 /eel mill products 7includ+ pipe & tube71 alum9um1 cem5t1 glass 7includ+ flat1 conta9]1 & specialty glass & fib]glass71 pulp1 pap]1 *emicals1 or indu/rial c]amics1 & 7#b7 any manufactur$ product :i* ! ,secret>y1 9 consultation ) ! ,adm9i/rator1 det]m9es is en]gy-int5sive & trade-expos$ 7) ! exception ( any cov]$ fuel74 7d7 ,cov]$ entity ,! t]m cov]$ entity means-- 7#a7 9 ! case ( crude oil-- 7,a7 any op]ator ( a ,unit$ ,/ates ref9]y 7z describ$ 9 subsection 7d77#a7 ( section #dfaa71 & 7,b7 any p]son ent]+ su* product into ! ,unit$ ,/ates = consumption1 use1 or w>eh\s+ 7z describ$ 9 subsection 7d77#b7 ( su* section71 7#b7 9 ! case ( coal-- 7,a7 any produc] subject to ! tax "u section #daba1 & 7,b7 any import] ( coal into ! ,unit$ ,/ates1 7#c7 9 ! case ( natural gas-- 7,a7 any entity :i* produces natural gas 7z def9$ 9 section #fac;,a7e77#b77 f a well locat$ 9 ! ,unit$ ,/ates1 & 7,b7 any import] ( natural gas into ! ,unit$ ,/ates1 7#d7 9 ! case ( fluor9at$ gases1 any entity requir$ to report ! emission ( a fluor9at$ gas "u "p #ih ( title #dj1 ,code ( ,f$]al ,regulations1 7#e7 9 ! case ( solid biomass1 any entity :i* op]ates a facility t combu/s su* solid biomass 9 a mann] :i* emits a gre5h\se gas into ! atmosph]e1 & 7#f7 any entity or class ( entities :i*1 z det]m9$ by ! ,secret>y1 is transport+1 sell+1 or o!rwise us+ a cov]$ fuel 9 a mann] :i* emits a gre5h\se gas into ! atmosph]e & :i* has n be5 cov]$ by ! c>bon fee1 ! fluor9at$ gre5h\se gas fee1 or ! c>bon bord] fee adju/m5t4 7e7 ,cov]$ fuel ,! t]m cov]$ fuel means crude oil1 natural gas1 coal1 solid biomass1 or any o!r product d]iv$ f crude oil1 natural gas1 or coal :i* %all be us$ s z to emit gre5h\se gases to ! atmosph]e4 7f7 ,full fuel cycle gre5h\se gas emissions ,! t]m full fuel cycle gre5h\se gas emissions means ! gre5h\se gas cont5t ( a cov]$ fuel 7exclud+ solid biomass7 plus t cov]$ fuel's up/ream gre5h\se gas emissions4 7g7 ,gre5h\se gas ,! t]m gre5h\se gas has ! same mean+ giv5 su* t]m "u p>agraph 7#c7 ( section #ija ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7#db ,u4,s4,c4 #agcba71 & %all include any o!r gases z id5tifi$ by rule ( ! ,adm9i/rator4 7h7 ,gre5h\se gas cont5t ,! t]m gre5h\se gas cont5t means ! am\nt ( gre5h\se gases1 express$ 9 metric tons ( ,,co#b-;e1 :i* w\ld be emitt$ to ! atmosph]e by ! use ( a cov]$ fuel4 7i7 ,solid biomass ,! t]m solid biomass means nonfossiliz$ & biodegradable organic mat]ial orig9at+ f plants1 animals or microorganisms1 includ+ products1 byproducts1 residues & wa/e f agriculture1 =e/ry & 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 7j7 ,unit$ ,/ates ,! t]m ,unit$ ,/ates %all be treat$ z includ+ ea* possession ( ! ,unit$ ,/ates 7includ+ ! ,commonweal? ( ,pu]to ,rico & ! ,commonweal? ( ! ,nor!rn ,m>iana ,isl&s74 #dfib4 ,c>bon fee 7a7 ,c>bon fee ,!re is h]eby impos$ a c>bon fee on any cov]$ entity's use1 sale1 or transf] ( any cov]$ fuel4 7b7 ,am\nt ( ! c>bon fee ,! c>bon fee impos$ by ?is section is an am\nt equal to-- 7#a7 ! gre5h\se gas cont5t ( ! cov]$ fuel1 multipli$ by 7#b7 ! c>bon fee rate4 7c7 ,c>bon fee rate ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! c>bon fee rate1 ) respect to any use1 sale1 or transf] dur+ a cal5d> ye>1 %all be-- 7,a7 9 ! case ( cal5d> ye> #bjbj1 #ae1 & 7,b7 except z provid$ 9 p>agraph 7#b71 9 ! case ( any cal5d> ye> !reaft]1 ! c>bon fee rate 9 effect "u ?is subsection = ! prec$+ cal5d> ye>1 plus #ae4 7#b7 ,exceptions 7,a7 ,increas$ c>bon fee rate aft] miss$ annual emissions r$uction t>get ,9 ! case ( any ye> imm$iately foll[+ a ye> = :i* ! ,secret>y det]m9es "u #dfic7;b7 t ! emissions ( gre5h\se gases f cov]$ fuels exce$$ ! emissions r$uction t>get = ! previ\s ye>1 p>agraph 7#a77;,b7 %all be appli$ by sub/itut+ #cj = #ae4 7,b7 ,cessation ( c>bon fee rate increase aft] c]ta9 emission r$uctions a*iev$ ,9 ! case ( any ye> imm$iately foll[+ a ye> = :i* ! ,secret>y det]m9es "u #dfic7;b7 t emissions ( gre5h\se gases f cov]$ fuels are n m ?an #aj p]c5t ( ! gre5h\se gas emissions f cov]$ fuels dur+ ! ye> #bjag1 p>agraph 7#a77;,b7 %all be appli$ by sub/itut+ #j = #ae4 7d7 ,solid biomass ,= purposes ( subsection 7b71 9 ! case ( a cov]$ fuel :i* consi/s ( solid biomass1 ! gre5h\se gas cont5t ( su* cov]$ fuel %all be det]m9$ by ! ,adm9i/rator bas$ on ! lifecycle gre5h\se gas emissions ( su* fuel1 z def9$ 9 section #baa7o77#a77;,h7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gede7o77#a77;,h774 7e7 ,exemption & refund ,! ,secret>y %all prescribe su* rules z are necess>y to ensure ! c>bon fee impos$ by ?is section is n impos$ ) respect to any nonemitt+ use1 or any sale or transf] = a nonemitt+ use1 includ+ rules provid+ = ! refund ( any c>bon fee paid "u ?is section ) respect to any su* use1 sale1 or transf]4 7f7 ,adm9i/rative au?ority ,! ,secret>y1 9 consultation ) ! ,adm9i/rator1 %all prescribe su* regulations1 & o!r guidance1 to assess & collect ! c>bon fee impos$ by ?is section1 includ+-- 7#a7 requirem5ts = ! qu>t]ly paym5t ( su* fees1 & 7#b7 rules to ensure t no cov]$ fuel has ! c>bon fee or ! c>bon bord] fee adju/m5t impos$ ^u x m ?an once4 #dfic4 ,emissions r$uction s*$ule 7a7 ,9 g5]al ,an emissions r$uction s*$ule = gre5h\se gas emissions f cov]$ fuels is h]eby e/abli%$1 z foll[s3 7#a7 ,ref]5ce ye> 7,a7 ,9 g5]al ,subject to subp>agraph 7,b71 ! gre5h\se gas emissions f cov]$ fuels dur+ ! ye> #bjag %all be ! ref]5ce am\nt ( emissions & %all be det]m9$ f ! ,inv5tory ( ,u4,s4 ,gre5h\se ,gas ,emissions & ,s9ks3 #aiij-bjag publi%$ by ! ,environm5tal ,protection ,ag5cy 9 ,april ( #bjai4 7,b7 ,updates ,if ! gre5h\se gas emissions f cov]$ fuels dur+ ! ye> #bjag is revis$ by ! ,adm9i/rator 9 a subsequ5t report1 ! am\nt ( su* emissions conta9$ 9 su* report %all apply = purposes ( ?is section4 7#b7 ,emissions r$uction t>gets 7,a7 #bjbj ?r\gh #bjcj ,! emissions r$uction t>get = ea* cal5d> ye> dur+ ! p]iod ( cal5d> ye>s #bjbj ?r\gh #bjcj %all be det]m9$ z foll[s3 ,year,emissions ,r$uction ,t>get #bjag,ref]5ce ye> #bjbjij p]c5t ( #bjag emissions #bjbaha p]c5t ( #bjag emissions #bjbbgd p]c5t ( #bjag emissions #bjbcfh p]c5t ( #bjag emissions #bjbdfc p]c5t ( #bjag emissions #bjbeei p]c5t ( #bjag emissions #bjbfef p]c5t ( #bjag emissions #bjbgeb p]c5t ( #bjag emissions #bjbhej p]c5t ( #bjag emissions #bjbidg p]c5t ( #bjag emissions #bjcjde p]c5t ( #bjag emissions 7,b7 #bjca ?r\gh #bjej ,! emissions r$uction t>get = ea* cal5d> ye> dur+ ! p]iod ( cal5d> ye>s #bjca ?r\gh #bjej %all be equal to ! emissions r$uction t>get = ! prec$+ ye> r$uc$ by an am\nt equal to #b4be p]c5t ( #bjag emissions4 7b7 ,adm9i/rative det]m9ation ,n lat] ?an #ij days aft] ! beg9n+ ( ea* cal5d> ye> beg9n+ aft] ! date ( ! enactm5t ( ?is section1 ! ,secret>y1 9 consultation ) ! ,adm9i/rator1 %all det]m9e :e!r emissions ( gre5h\se gases f cov]$ fuels exce$$ ! emissions r$uction t>get = ! prec$+ cal5d> ye>4 ,! ,secret>y %all make su* det]m9ation us+ ! same gre5h\se gas acc\nt+ me?od z 0 us$ to det]m9e ! gre5h\se gas emissions 9 ! ,inv5tory ( ,u4,s4 ,gre5h\se ,gas ,emissions & ,s9ks3 #aiij-bjag publi%$ by ! ,environm5tal ,protection ,ag5cy 9 ,april ( #bjai4 #dfid4 ,fee on fluor9at$ gre5h\se gases 7a7 ,fluor9at$ gas fee ,a fee is h]eby impos$ ^u any fluor9at$ gre5h\se gas :i* is requir$ to be report$ "u "p #ih ( title #dj1 ,code ( ,f$]al ,regulations4 7b7 ,am\nt ,! fee to be paid by ! cov]$ entity requir$ to s report %all be an am\nt equal to-- 7#a7 ! total am\nt1 9 metric tons ( ,,co#b-;e1 ( emitt$ fluor9at$ gre5h\se gases 7or1 9 ! case ( a suppli]1 emissions t w\ld result det]m9$ "u ! rules ( su* "p71 multipli$ by 7#b7 an am\nt equal to #bj p]c5t ( ! c>bon fee rate 9 effect "u section #dfib7;c77#a7 = ! cal5d> ye> ( su* emission4 7c7 ,adm9i/rative au?ority ,! ,secret>y1 9 consultation ) ! ,adm9i/rator1 %all prescribe su* regulations1 & o!r guidance1 to assess & collect ! c>bon fee impos$ by ?is section1 includ+-- 7#a7 requirem5ts = ! qu>t]ly paym5t ( su* fees1 & 7#b7 rules to ensure t no cov]$ fuel has ! c>bon fee or ! c>bon bord] fee adju/m5t impos$ ^u x m ?an once4 #dfie4 ,c>bon capture refunds 7a7 ,9 g5]al ,! ,secret>y1 9 consultation ) ! ,adm9i/rator & ! heads ( o!r relevant ,f$]al ag5cies1 %all prescribe regulations = provid+ paym5ts to any p]son :i* captures qualifi$ c>bon oxide 7z def9$ 9 subsection 7c7 ( section #de,q7 :i* is-- 7#a7 dispos$ ( by su* p]son 9 secure geological /orage1 z describ$ 9 subsection 7f77#b7 ( su* section1 7#b7 us$ by su* p]son z a t]ti>y injectant 9 a qualifi$ enhanc$ oil or natural gas recov]y project 7z def9$ 9 subsection 7e77#b7 ( su* section7 & dispos$ ( by su* p]son 9 secure geological /orage1 or 7#c7 utiliz$ by su* p]son 9 a mann] describ$ 9 subsection 7f77#e7 ( su* section4 7b7 ,paym5ts = c>bon capture 7#a7 ,9 g5]al ,9 ! case ( any indu/rial facility = :i* c>bon capture equipm5t has be5 plac$ 9 s]vice1 ! ,secret>y %all make paym5ts to ! own] ( su* facility 9 ! same mann] z if su* paym5t 0 a refund ( an ov]paym5t ( ! c>bon fee impos$ by section #dfib4 7#b7 ,am\nt ( paym5t ,! paym5t det]m9$ "u ?is subsection %all be an am\nt equal to-- 7,a7 ! metric tons ( qualifi$ c>bon oxide captur$ & dispos$ (1 us$1 or utiliz$ 9 a mann] consi/5t ) subsection 7a71 multipli$ by 7,b7 ! c>bon fee rate dur+ ! ye> 9 :i* ! c>bon fee 0 impos$ by section #dfib ^u ! cov]$ fuel to :i* su* c>bon oxide relates4 7#c7 ,coord9ation ) cr$it = c>bon oxide seque/ration ,at su* "t t ! ,secret>y prescribes regulations implem5t+ ?is section1 no paym5t "u ?is section %all be all[$ to any p]son = any unit ( c>bon oxide = :i* a cr$it has be5 all[$ ) respect to su* unit "u section #de,q4 7c7 ,exception ,9 ! case ( any indu/rial facility :i* is own$ by an entity t is det]m9$ to be 9 violation ( any applicable air quality regulations1 su* facility %all n be eligible = any paym5t "u ?is section dur+ ! p]iod ( su* violation4 #dfif4 ,c>bon bord] fee adju/m5t 7a7 ,9 g5]al ,! fees impos$ by1 & refunds all[$ "u1 ?is section %all be ref]r$ to z ! c>bon bord] fee adju/m5t4 7b7 ,import$ cov]$ fuels fee ,9 ! case ( any p]son t imports into ! ,unit$ ,/ates any cov]$ fuel1 !re %all be impos$ a fee equal to ! excess 7if any7 (-- 7#a7 an am\nt equal to-- 7,a7 ! am\nt ( full fuel cycle gre5h\se gas emissions ( su* fuel1 multipli$ by 7,b7 ! c>bon fee rate 9 effect = ! ye> 9 :i* su* fuel is import$1 ov] 7#b7 ! total =eign co/ ( c>bon c>ri$ by su* fuel4 7c7 ,import$ c>bon-,int5sive products fee ,9 ! case ( any p]son t imports into ! ,unit$ ,/ates any c>bon-int5sive products1 !re %all be impos$ a fee equal to ! excess 7if any7 (-- 7#a7 an am\nt equal to-- 7,a7 production gre5h\se gas emissions ( su* product1 multipli$ by 7,b7 ! c>bon fee rate 9 effect = ! ye> 9 :i* ! production gre5h\se gas emissions ( su* product 7 emitt$ into ! atmosph]e1 ov] 7#b7 ! total =eign co/ ( c>bon c>ri$ by su* product4 7d7 ,refund on exports f ,unit$ ,/ates 7#a7 ,c>bon-int5sive products ,"u regulations prescrib$ by ! ,secret>y1 !re %all be all[$ a cr$it or refund 7)\t int]e/7 to export]s ( c>bon-int5sive products manufactur$ or produc$ 9 ! ,unit$ ,/ates an am\nt equal to ! excess 7if any7 (-- 7,a7 an am\nt equal to-- 7i7 ! production gre5h\se gas emissions ( ! export$ c>bon-int5sive product1 multipli$ by 7ii7 ! c>bon fee rate dur+ ! ye> 9 :i* ! c>bon fee or fluor9at$ gre5h\se gas fee 0 paid ^u ! production gre5h\se gas emissions ( ! export$ c>bon-int5sive product1 ov] 7,b7 any total co/ ( c>bon to be levi$ ^u ! c>bon-int5sive product by any jurisdiction to :i* ! c>bon-int5sive product is to be import$4 ,any su* cr$it or refund %all be all[$ 9 ! same mann] z if x 7 an ov]paym5t ( ! fee impos$ by section #dfib or #dfid4 ,! ,secret>y %all e/abli% fair1 timely1 imp>tial1 & z necess>y confid5tial proc$ures by :i* any export] ( any product f ! ,unit$ ,/ates may petition ! ,secret>y to include t export$ product on ! li/ ( c>bon-int5sive products4 7#b7 ,cov]$ fuels ,"u regulations prescrib$ by ! ,secret>y1 9 ! case ( a cov]$ fuel produc$ 9 ! ,unit$ ,/ates ) respect to :i* ! fee "u section #dfib 0 paid1 !re %all be all[$ z a cr$it or refund 7)\t int]e/7 to any export] ( su* cov]$ fuels an am\nt equal to ! excess 7if any7 (-- 7,a7 an am\nt equal to-- 7i7 ! full fuel cycle gre5h\se gas emissions ( ! cov]$ fuel1 multipli$ by 7ii7 ! c>bon fee rate at ! "t ! c>bon fee 0 paid ^u ! full fuel cycle gre5h\se gas emissions ( ! export$ cov]$ fuel1 ov] 7,b7 any total co/ ( c>bon to be levi$ ^u ! cov]$ fuel by a jurisdiction to :i* ! c>bon-int5sive product is to be import$4 ,any su* cr$it or refund %all be all[$ 9 ! same mann] z if x 7 an ov]paym5t ( tax impos$ by section #dfib4 7e7 ,def9itions ,= purposes ( ?is section & section #dfig-- 7#a7 ,=eign co/ ( c>bon2 =eign c>bon co/s ,! t]m =eign co/ ( c>bon or =eign c>bon co/ means ! co/ ( any laws ( a =eign jurisdiction :i* impose a sy/em ( cap-&-trade ) respect to1 or a tax or fee on1 gre5h\se gas4 ,su* co/ %all be det]m9$ & express$ z a price p] ton ( ,,co#b-;e4 7#b7 ,production gre5h\se gas emissions ,! t]m production gre5h\se gas emissions means ! quantity ( gre5h\se gases1 express$ 9 metric tons ( ,,co#b-;e1 emitt$ to ! atmosph]e result+ f1 nonexclusively1 ! production1 manufacture1 assembly1 transportation1 or f9anc+ ( a product4 7#c7 ,total co/ ( c>bon c>ri$ ,! t]m total co/ ( c>bon c>ri$ means an am\nt equal to-- 7,a7 ! production gre5h\se gas emissions ( a c>bon-int5sive product or ! full fuel cycle gre5h\se gas emissions ( a cov]$ fuel1 multipli$ by 7,b7 ! co/ ( c>bon ) respect to su* product or fuel1 r$uc$ by any am\nt refund$ ) respect to su* product or fuel by a =eign jurisdiction4 ,! total co/ ( c>bon c>ri$ %all be express$ z price 9 ,unit$ ,/ates doll>s4 7#d7 ,total =eign co/ ( c>bon c>ri$ ,! t]m total =eign co/ ( c>bon c>ri$ means an am\nt equal to-- 7,a7 ! production gre5h\se gas emissions ( a c>bon-int5sive product1 or ! full fuel cycle gre5h\se gas emissions ( a cov]$ fuel1 multipli$ by 7,b7 ! =eign co/ ( c>bon ) respect to su* product or fuel1 r$uc$ by ! am\nt refund$ ) respect to su* product or fuel by a =eign jurisdiction4 ,! total =eign co/ ( c>bon c>ri$ %all be express$ z price 9 ,unit$ ,/ates doll>s4 7#e7 ,up/ream gre5h\se gas emissions ,! t]m up/ream gre5h\se gas emissions means ! quantity ( gre5h\se gases1 express$ 9 metric tons ( ,,co#b-;e1 emitt$ to ! atmosph]e result+ f1 nonexclusively1 ! extraction1 process+1 transportation1 f9anc+1 or o!r prep>ation ( a cov]$ fuel = use4 #dfig4 ,adm9i/ration ( ! c>bon bord] fee adju/m5t 7a7 ,9 g5]al ,! ,secret>y1 9 consultation ) ! ,adm9i/rator1 %all prescribe regulations & guidance :i* implem5t ! c>bon bord] fee adju/m5t "u section #dfif4 7b7 ,collaboration ,9 det]m9+ ! production gre5h\se gas emissions ( an import$ c>bon-int5sive product1 ! up/ream gre5h\se gas emissions ( an import$ cov]$ fuel1 ! full fuel cycle gre5h\se gas emissions ( an import$ cov]$ fuel1 or ! =eign co/ ( c>bon1 or o!rwise adm9i/]+ ! c>bon bord] fee adju/m5t1 x is ! s5se ( ,congress t ! ,secret>y %\ld collaborate ) au?oriz$ (fic]s ( any jurisdiction1 includ+ sub-national gov]nm5ts1 affect$ by ! c>bon bord] fee adju/m5t4 7c7 ,me?odology ,9 det]m9+ ! production gre5h\se gas emissions ( an import$ c>bon-int5sive product1 ! up/ream gre5h\se gas emissions ( an import$ cov]$ fuel1 ! full fuel cycle gre5h\se gas emissions ( an import$ cov]$ fuel1 or ! =eign co/ ( c>bon1 ! ,secret>y %all use reliable me?odologies1 :i*-- 7#a7 z may be necess>y or conv5i5t-- 7,a7 di/+ui% betwe5 diff]5t types ( cov]$ fuels1 7,b7 di/+ui% betwe5 a cov]$ fuel's gre5h\se gas cont5t & t cov]$ fuel's up/ream gre5h\se gas emissions1 7,c7 di/+ui% betwe5 ! diff]5t types ( gre5h\se gas emissions :i* compose a cov]$ fuel's up/ream gre5h\se gas emissions or gre5h\se gas cont5t1 z well z ! v>i\s processes :i* produc$ ^? emissions1 & 7,d7 di/+ui% betwe5 ! diff]5t types ( gre5h\se gas emissions :i* compose a c>bon-int5sive product's production gre5h\se gas emissions1 z well z ! v>i\s processes :i* produc$ ^? emissions1 7#b7 ensure t no cov]$ fuel1 cov]$ fluor9at$ gre5h\se gas1 or c>bon-int5sive product has ! c>bon fee1 ! fluor9at$ gre5h\se gas fee1 or ! bord] fee adju/m5t impos$ ^u x m ?an once1 7#c7 ensure t ! implem5tation ( ! bord] c>bon adju/m5t aligns ) ! c>bon fee & ! fluor9at$ gas fee1 7#d7 9 ! case ( incomplete data1 rely ^u ! be/ available me?odologies = int]polat+ data gaps1 & 7#e7 are consi/5t ) int]national treaties & agreem5ts4 7d7 ,proc$ure ,! ,secret>y %all e/abli% fair1 timely1 imp>tial1 & z necess>y confid5tial proc$ures by :i* ! import] ( any c>bon-int5sive product or any cov]$ fuel may petition ! ,secret>y to revise ! ,secret>y's det]m9ation ( ! production gre5h\se gas emissions1 full fuel cycle gre5h\se gas emissions1 or up/ream gre5h\se gas emissions ( t import]'s import$ cov]$ fuel or import$ c>bon-int5sive product1 or ! =eign co/ ( c>bon c>ri$ by t import]'s import$ c>bon-int5sive product4 #dfih4 ,allocation ( c>bon bord] fee adju/m5t rev5ues ,! rev5ues collect$ "u section #dfif may be us$ to supplem5t appropriations made available 9 fiscal ye>s #bjbj & !reaft]-- 7#a7 to ,u4,s4 ,cu/oms & ,bord] ,protection1 9 su* am\nts z are necess>y to adm9i/] ! c>bon bord] fee adju/m5t1 7#b7 f ! am\nts rema9+ foll[+ paym5t ( ! exp5ses describ$ 9 p>agraph 7#a71 to ! ,dep>tm5t ( ,treasury1 9 su* am\nts z are necess>y to all[ refunds "u section #dfif7;e7 to export]s ( c>bon-int5sive products & export]s ( cov]$ fuels1 & 7#c7 f ! am\nts rema9+ foll[+ paym5t ( ! exp5ses describ$ 9 p>agraphs 7#a7 & 7#b7-- 7,a7 to ! ,dep>tm5t ( ,/ate & ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t = programs to address climate mitigation & adaptation 9 develop+ c\ntries1 includ+ contributions to ! ,gre5 ,climate ,fund1 & 7,b7 to ! ,export-,import ,bank ( ! ,unit$ ,/ates to facilitate exportation ( clean en]gy te*nologies 4 7b7 ,paym5ts to f>m]s & l&[n]s = nature-,bas$ projects 7#a7 ,9 g5]al ,! ,secret>y ( ,agriculture1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all provide paym5ts to f>m]s & l&[n]s )9 ! ,unit$ ,/ates to implem5t c>bon seque/ration projects ) measurable gre5h\se gas r$uction b5efits or o!r nature-bas$ projects t r$uce gre5h\se gas emissions1 includ+ projects =-- 7,a7 ecologically-appropriate re=e/ation1 7,b7 re/oration ( wetl&s1 7,c7 agricultural practices su* z ! usage ( cov] crops1 no till1 & practices t c r$uce emissions f live/ock1 f]tiliz]s1 & rice cultivation1 & 7,d7 o!r appropriate practices z det]m9$ by ! ,secret>y ( ,agriculture4 7#b7 ,am\nt ( paym5t ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,agriculture1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all issue regulations to det]m9e ! am\nt ( a paym5t "u p>agraph 7#a71 tak+ into acc\nt ! use ( c]tifi$ ?ird-p>ty regi/ries = v]ification ( emissions r$uctions & provisions = address+ ! pot5tial imp]man5ce ( c>bon seque/ration 9 biomass & soils4 7c7 ,paym5ts = direct air capture ( c>bon dioxide 7#a7 ,9 g5]al ,subject to p>agraph 7#c71 ! ,secret>y ( ,en]gy1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy & ! heads ( any o!r relevant ag5cies1 %all make paym5ts to any direct air capture facility 7z def9$ 9 section #de,q7e77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 )9 ! ,unit$ ,/ates t uses c>bon capture equipm5t to capture c>bon dioxide directly f ! ambi5t air & disposes ( su* c>bon dioxide 9 secure geological /orage 7z describ$ 9 section #de,q7f77#b7 ( su* ,code74 7#b7 ,paym5t am\nt ,a paym5t "u p>agraph 7#a7 %all be 9 an am\nt equal to ! product obta9$ by multiply+-- 7,a7 ! metric tons ( c>bon dioxide captur$ & dispos$ ( by ! facility2 & 7,b7 ! c>bon fee rate 9 effect dur+ ! cal5d> ye> prec$+ ! ye> 9 :i* ! capture ( su* c>bon dioxide occurs4 7#c7 ,exception ,9 ! case ( any direct air capture facility :i* is own$ by an entity t is det]m9$ to be 9 violation ( any applicable air quality regulations1 su* facility %all n be eligible = any paym5t "u ?is section dur+ ! p]iod ( su* violation4 7#d7 ,coord9ation ) cr$it = c>bon dioxide seque/ration ,! ,secret>y ( ,en]gy %all n make a paym5t "u ?is subsection ) respect to any facility = any unit ( c>bon dioxide = :i* a cr$it has be5 all[$ ) respect to su* unit "u section #de,q ( ! ,int]nal ,rev5ue ,code ( #aihf4 7d7 ,coord9ation ) c>bon oxide seque/ration cr$it ,section #de,q7f7 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#h7 ,coord9ation ) c>bon capture & seque/ration paym5ts ,no cr$it %all be all[$ "u ?is section ) respect to any unit ( c>bon oxide :i* has receiv$ any refund or paym5t ) respect to su* unit "u section #c7;c7 ( ! ,climate ,action ,rebate ,act ( #bjai or section #dfie4 4 7e7 ,int]national negotiations ,! ,congress f9ds ! int]national mitigation ( gre5h\se gas emissions to be ( national importance4 ,!re=e1 ! ,congress enc\rages ! ,secret>y ( ,/ate1 or ! ,secret>y's designee1 to comm5ce & complete negotiations ) o!r nations ) ! goal ( =m+ treaties1 environm5tal agreem5ts1 accords1 p>tn]%ips1 or any o!r in/rum5t t effectively r$uces global gre5h\se gas emissions to #aj p]c5t ( #bjag levels by #bjej & :i* respect ! pr9ciple ( common b diff]5tiat$ responsibilities & respective capabilities4 #d4 ,e/abli%m5t ( ! ,climate ,action ,rebate ,fund 7a7 ,9 g5]al ,sub*apt] ,a ( *apt] #ih ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+3 #ieab4 ,climate ,action ,rebate ,fund 7a7 ,e/abli%m5t & fund+ ,!re is h]eby e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a tru/ fund to be kn[n z ! ,climate ,action ,rebate ,fund1 consi/+ ( su* am\nts z may be appropriat$ to su* tru/ fund z provid$ = 9 ?is section4 7b7 ,transf]s to ! ,climate ,action ,rebate ,fund ,!re is h]eby appropriat$ to ! ,climate ,action ,rebate ,fund am\nts equal to ! fees receiv$ into ! ,treasury less any am\nts refund$ or paid "u sections #dfib7;d7 & #dfie = ea* mon?4 7c7 ,exp5ditures ,am\nts 9 ! tru/ fund %all be available = ! foll[+ purposes3 7#a7 ,c>bon ,fee ,adm9i/rative ,exp5ses ,s mu* ( ! exp5ses z are necess>y to adm9i/] sections #dfib ?r\gh #dfie = any ye> z does n to exce$ #j4fj p]c5t ( ! am\nts appropriat$ to ! ,climate ,action ,rebate ,fund = ! previ\s ye>4 7#b7 ,climate ,action ,rebate ,fund ,adm9i/rative exp5ses ,s mu* ( ! exp5ses necess>y to adm9i/] ! ,climate ,action ,rebate ,fund = ea* ye>1 z does n exce$-- 7,a7 9 ! case ( ! fir/ #e fiscal ye>s end+ aft] ! date ( ! enactm5t ( ?is section1 ! adm9i/rative exp5ses = any ye> may n exce$ #e p]c5t ( am\nts appropriat$ to ! ,climate ,action ,rebate ,fund dur+ su* ye>1 & 7,b7 9 ! case ( any fiscal ye> !reaft]1 #a4e p]c5t ( ! #e-ye> roll+ av]age ( ! am\nts appropriat$ to ! ,climate ,action ,rebate ,fund4 7#c7 ,climate ,action ,rebate paym5ts 7,a7 ,9 g5]al ,= ea* fiscal ye>1 ! am\nts rema9+ 9 ! ,climate ,action ,rebate ,fund foll[+ paym5t ( exp5ses "u p>agraphs 7#a7 & 7#b7 %all be apportion$ z foll[s3 7i7 #gj p]c5t ( su* am\nts = ! purposes describ$ 9 subsection 7d71 7ii7 #bj p]c5t ( su* am\nts = ! purposes describ$ 9 subsection 7e71 7iii7 #e p]c5t ( su* am\nts = ! purposes describ$ 9 subsection 7f71 & 7iv7 #e p]c5t ( su* am\nts = ! purposes describ$ 9 subsection 7g74 7d7 ,c>bon divid5d 7#a7 ,9 g5]al ,f ! am\nts 9 ! ,c>bon ,divid5d ,tru/ ,fund made available "u subsection 7c77#c77;,a77i7 = any ye>1 ! ,secret>y %all1 = ea* mon? beg9n+ m ?an #bgj days aft] ! date ( ! enactm5t ( ! ,climate ,action ,rebate ,act ( #bjai1 make c>bon divid5d paym5ts to ea* eligible individual4 7#b7 ,pro-rata %>e ,a c>bon divid5d paym5t is "o pro-rata %>e = ea* adult & half a pro-rata %>e = ea* *ild "u #ai ye>s old ( am\nts available = ! mon? 9 ! ,climate ,action ,rebate ,fund4 7#c7 ,eligible individual ,! t]m eligible individual means1 ) respect to any mon?1 any natural liv+ p]son :o has a valid ,social ,security numb] or taxpay] id5tification numb] & is a citiz5 or lawful resid5t ( ! ,unit$ ,/ates4 ,! ,secret>y is au?oriz$ to v]ify an individual's eligibility to receive a c>bon divid5d paym5t4 7#d7 ,phase\t 7,a7 ,9 g5]al ,9 ! case ( any taxpay] ^: modifi$ adju/$ gross income = ! mo/ rec5t taxable ye> = :i* a return has be5 fil$ exce$s ! ?re%old am\nt1 ! am\nt ( ! c>bon divid5d o!rwise payable to any h\sehold memb] ( ! taxpay] "u ?is subsection %all be r$uc$ 7b n bel[ z]o7 by a doll> am\nt equal to #e p]c5t ( su* divid5d 7z det]m9$ be=e application ( ?is p>agraph7 = ea* #a1jjj 7or fraction !re(7 by :i* su* taxpay]'s modifi$ adju/$ gross income exce$s ! ?re%old am\nt4 7,b7 ,def9itions ,= purposes ( ?is p>agraph-- 7i7 ,modifi$ adju/$ gross income ,! t]m modifi$ adju/$ gross income means adju/$ gross income increas$ by any am\nt exclud$ f gross income "u section #iaa1 #ica1 or #icc4 7ii7 ,h\sehold memb] ,! t]m h\sehold memb] ( ! taxpay] means ! taxpay]1 ! taxpay]'s sp\se1 & any dep5d5t ( ! taxpay]4 7iii7 ,?re%old am\nt ,! t]m ?re%old am\nt means-- 7,i7 #acj1jjj 9 ! case ( a jo9t return1 7,,ii7 #hj1jjj 9 ! case ( an individual :o is n m>ri$1 & 7,,iii7 #fe1jjj 9 ! case ( a m>ri$ individual fil+ a sep>ate return4 7,c7 ,regulations ,! ,secret>y %all prescribe su* regulations1 & o!r guidance1 z may be necess>y to c>ry out ! purposes ( ?is p>agraph1 includ+ e/abli%m5t ( rules = eligible individuals :o h n fil$ a rec5t tax return4 7#e7 ,fee treatm5t ( paym5ts ,am\nts paid "u ?is subsection %all be includible 9 gross income4 7#f7 ,f$]al programs & ,f$]al assi/$ programs ,! c>bon divid5d am\nt receiv$ by any eligible individual %all n be tak5 into acc\nt z income & %all n be tak5 into acc\nt z res\rces = purposes ( det]m9+ ! eligibility ( su* individual or any o!r individual = b5efits or assi/ance1 or ! am\nt or ext5t ( b5efits or assi/ance1 "u any ,f$]al program or "u any ,/ate or local program f9anc$ 9 :ole or 9 "p ) ,f$]al funds4 7#g7 ,advance paym5t ,! ,secret>y %all transf] to ! ,climate ,action ,rebate ,fund su* am\nts z are necess>y = ! disbursem5t ( an advanc$ c>bon divid5d to all eligible individuals z foll[s3 7,a7 ,an advanc$ c>bon divid5d %all be ! same z ! anticipat$ fir/ c>bon divid5d requir$ to be di/ribut$ "u p>agraph 7#a7 & %all be di/ribut$ ! mon? prior to ! fir/ collection ( ! c>bon fee4 7,b7 ,total am\nts disburs$ z advanc$ c>bon divid5ds %all be d$uct$ f ! c>bon divid5ds on a pro-rata basis ov] ! fir/ #c ye>s aft] ! disbursem5t ( ! fir/ c>bon divid5ds4 7e7 ,infra/ructure ,f ! am\nts 9 ! ,c>bon ,divid5d ,tru/ ,fund made available "u subsection 7c77#c77;,a77ii7 = any ye>1 ! ,secret>y %all transf] su* am\nts z foll[s3 7#a7 #ej p]c5t to ! ,highway ,tru/ ,fund "u section #iejc1 )-- 7,a7 #hj p]c5t ( su* am\nt allocat$ to ! ,highway ,acc\nt = ! paym5t ( obligations incurr$ 9 c>ry+ out ,f$]al-aid highway & highway safety con/ruction programs au?oriz$ "u title #bc1 ,unit$ ,/ates ,code1 & 7,b7 #bj p]c5t ( su* am\nt allocat$ to ! ,mass ,transit ,acc\nt = ! paym5t ( obligations incurr$ 9 c>ry+ out transit programs au?oriz$ "u-- 7i7 *apt] #ec ( title #di1 ,unit$ ,/ates ,code1 7ii7 section #bjjje7;b7 ( ! ,f$]al ,public ,transportation ,act ( #bjab 7#di ,u4,s4,c4 #ecjc note2 ,public ,law #aab-ada71 & 7iii7 section #cjjf7;b7 ( ! ,f$]al ,public ,transportation ,act ( #bjae 7#di ,u4,s4,c4 #ecaj note2 ,public ,law #aad-id74 7#b7 #b4e p]c5t to ! ,dep>tm5t ( ,transportation = national infra/ructure inve/m5ts = innovative multimodal projects 7also kn[n z ! ,bett] ,utiliz+ ,inve/m5ts to ,lev]age ,developm5t 7,,build7 ,transportation discretion>y grant program74 7#c7 #b4e p]c5t to ! ,dep>tm5t ( ,transportation to make grants to ! ,national ,railroad ,pass5g] ,corporation = int]city pass5g] rail infra/ructure1 z au?oriz$ by section #aaaja ( ! ,pass5g] ,rail ,re=m & ,inve/m5t ,act ( #bjae 7title ,,xi ( division ,a ( ,public ,law #aad-id7 & sections #bbijg & #bdiaa ( title #di1 ,unit$ ,/ates ,code4 7#d7 #e p]c5t to ! ,airport & ,airway ,tru/ ,fund "u section #iejb = ! paym5t ( obligations incurr$ 9 c>ry+ out aviation programs au?oriz$ "u subtitle ,,vii ( title #di1 ,unit$ ,/ates ,code4 7#e7 #b4e p]c5t to ! ,dep>tm5t ( ,transportation to support deploym5t ( alt]native fuel vehicles1 includ+ electric vehicle *>g+ /ations & hydrog5 fuel+ infra/ructure4 7#f7 #e p]c5t to ! ,environm5tal ,protection ,ag5cy = dr9k+ wat] infra/ructure programs "u ! ,safe ,dr9k+ ,wat] ,act 7#db ,u4,s4,c4 #cjj;f et seq47 & wa/ewat] & clean wat] infra/ructure programs "u ! ,f$]al ,wat] ,pollution ,control ,act 7#cc ,u4,s4,c4 #abea et seq474 7#g7 #b4e p]c5t to ! ,secret>y ( ,agriculture = rural wat] or wa/ewat] grants or direct or gu>ante$ loans "u ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #aiba et seq474 7#h7 #a4e p]c5t to ! ,f$]al ,communications ,commission to exp& broadb& access 9 rural areas4 7#i7 #e p]c5t to ! ,army ,corps ( ,eng9e]s = wat] res\rces developm5t projects4 7#aj7 #b4e p]c5t = ! ,community ,developm5t ,block ,grant program "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #edja et seq47 to assi/ ,/ates1 units ( g5]al local gov]nm5t1 & ,indian tribes1 z ^? t]ms are def9$ 9 section #aja ( su* ,act 7#db ,u4,s4,c4 #ecja71 ) plann+ & implem5tation ( projects to support l[]+ emissions1 & climate impact adaptation1 includ+ improv+ infra/ructure resili5ce1 increas+ transit & h\s+ d5sity1 & local economic developm5t4 7#aa7 #b4e p]c5t to ! ,national ,oceanic & ,atmosph]ic ,adm9i/ration = coa/al resili5cy programs & ocean obs]v+ & monitor+ programs4 7#ab7 #b4e p]c5t to ! ,dep>tm5t ( ! ,int]ior = ma9t5ance & infra/ructure upgrades on public l&4 7#ac7 #a4e p]c5t to ! ,haz>d\s ,sub/ance ,sup]fund e/abli%$ "u section #iejg4 7#ad7 #a4e p]c5t to ! ,ab&on$ ,m9e ,reclamation ,fund creat$ by section #dja ( ! ,surface ,m9+ ,control & ,reclamation ,act ( #aigg 7#cj ,u4,s4,c4 #abca74 7#ae7 ,not)/&+ subsection 7b77#b7 ( section #cjc ( ,public ,law #if-dea 7#af ,u4,s4,c4 #afjf;a71 #a4e p]c5t to ! ,re=e/ation ,tru/ ,fund e/abli%$ by subsection 7a7 ( t section4 7#af7 #b4e p]c5t to ! ,dep>tm5t ( ,en]gy = en]gy effici5cy programs1 includ+-- 7,a7 ! ,wea!rization ,assi/ance ,program = ,l[-,income ,p]sons e/abli%$ "u "p ,a ( title ,,iv ( ! ,en]gy ,cons]vation & ,production ,act 7#db ,u4,s4,c4 #fhfa et seq471 7,b7 ,/ate en]gy programs1 7,c7 ! ,clean ,cities program1 7,d7 support = effici5cy upgrades1 includ+ en]gy sav+s p]=mance contract+1 9 ,f$]al build+s1 & 7,e7 ! creation & initial fund+ ( an ,en]gy ,effici5cy ,/ate ,revolv+ ,fund1 to be model$ aft]-- 7i7 ,/ate wat] pollution control revolv+ funds e/abli%$ "u title ,,vi ( ! ,f$]al ,wat] ,pollution ,control ,act 7#cc ,u4,s4,c4 #acha et seq471 & 7ii7 ,/ate dr9k+ wat] treatm5t revolv+ loan funds e/abli%$ "u section #adeb ( ! ,safe ,dr9k+ ,wat] ,act 7#db ,u4,s4,c4 #cjj;j-#ab74 7#ag7 #b4e p]c5t to ! ,secret>y ( ,heal? & ,human ,s]vices = a new program )9 ! p>tn]%ips = ,/ate & regional hospital prep>$ness program "u section #cai;,c-#b ( ! ,public ,heal? ,s]vice ,act 7#db ,u4,s4,c4 #bdg;d-#c;b7 to fund infra/ructure & facility improvem5ts t support ! climate resili5cy & prep>$ness ( hospitals & community heal? c5t]s1 includ+ priority support = critical access hospitals 7z def9$ 9 section #ahfa7mm77#a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #aciex7mm77#a771 safety net hospitals 7z def9$ by ! ,c5t] = ,m$ic>e & ,m$icaid ,innovation71 & community heal? c5t]s 9 places exp]i5c+ heavy air pollution4 7#ah7 #b4e p]c5t to ! ,secret>y ( ,vet]ans ,affairs to support resili5cy & prep>$ness = ,dep>tm5t ( ,vet]ans ,affairs m$ical facilities4 7#ai7 #a4e p]c5t to ! ,secret>y ( ,agriculture =-- 7,a7 en]gy programs "u title ,,ix ( ! ,f>m ,security & ,rural ,inve/m5t ,act ( #bjjb 7#g ,u4,s4,c4 #haja et seq471 & 7,b7 wat]%$ & flood prev5tion op]ations "u ! ,wat]%$ ,protection & ,flood ,prev5tion ,act 7#af ,u4,s4,c4 #ajja et seq47 & ! ,act ( ,decemb] #bb1 #aidd 7commonly kn[n z ! ,flood ,control ,act ( #aidd7 7#eh ,/at4 #hhg1 *apt] #ffe2 #cc ,u4,s4,c4 #gja-a et seq474 7#bj7 #b4e p]c5t to ! ,secret>y ( ,agriculture = ! program e/abli%$ "u section #c7;b7 ( ! ,climate ,action ,rebate ,act ( #bjai4 7f7 ,innovation 7#a7 ,9 g5]al ,f ! am\nts 9 ! ,c>bon ,divid5d ,tru/ ,fund made available "u subsection 7c77#c77;,a77iii7 = any ye>1 ! ,secret>y %all transf] su* am\nts to ! ,secret>y ( ,en]gy to c>ry out ! purposes describ$ 9 p>agraph 7#b74 7#b7 ,exp5ditures ,! ,secret>y ( ,en]gy %all use ! funds transf]r$ "u p>agraph 7#a7 to support high-impact rese>*1 developm5t1 demon/ration1 te*nology transf]1 & comm]cialization ( te*nologies t r$uce or elim9ate gre5h\se gas emissions1 includ+-- 7,a7 en]gy /orage te*nologies1 includ+ grid integration ( /orage1 7,b7 c>bon capture1 utilization1 & seque/ration1 includ+ direct air capture1 7,c7 next-g5]ation nucle> te*nologies1 7,d7 en]gy effici5cy1 includ+ 9 build+s & ! indu/rial sector1 7,e7 electric grid mod]nization1 7,f7 su/a9able transportation1 includ+ hydrog5 fuel cell & electric vehicles1 & 7,g7 ! direct air capture program e/abli%$ "u section #c7;c7 ( ! ,climate ,action ,rebate ,act ( #bjai4 7#c7 ,specific programs ,9 c>ry+ out p>agraph 7#b71 ! ,secret>y ( ,en]gy %all include support = (fices "u ! ,dep>tm5t ( ,en]gy & programs t support comm]cialization & innovative collaboration1 includ+ ,advanc$ ,rese>* ,projects ,ag5cy-,en]gy1 ! ,loan ,programs ,(fice1 en]gy innovation hubs1 en]gy fronti] rese>* c5t]s1 regionally c5t]$ innovation programs1 & ! ,manufactur+ ,,usa network4 7#d7 ,collaboration ) o!r ag5cies ,! ,secret>y ( ,en]gy %all collaborate ) o!r appropriate ag5cies1 includ+ by %>+ ! funds transf]r$ "u p>agraph 7#a71 to support ov]lapp+ areas ( innovation1 includ+-- 7,a7 biomass & bio5]gy ) ! ,dep>tm5t ( ,agriculture1 7,b7 nature-bas$ solutions = c>bon seque/ration ) ! ,dep>tm5ts ( ,agriculture1 ,comm]ce1 & ! ,int]ior1 7,c7 export ( te*nologies t w help o!r c\ntries r$uce or elim9ate gre5h\se gas emissions ) ! ,dep>tm5ts ( ,comm]ce & ,/ate1 & 7,d7 o!r su* collaborations z det]m9$ necess>y by ! ,secret>y ( ,en]gy to a*ieve ! goals outl9$ 9 p>agraph 7#b74 7g7 ,transition ,assi/ance ,f ! am\nts 9 ! ,c>bon ,divid5d ,tru/ ,fund made available "u subsection 7c77#c77;,a77iv7 = any ye>1 ! ,secret>y %all transf] su* am\nts z foll[s3 7#a7 #dj p]c5t to ! ,dep>tm5t ( ,labor = ! e/abli%m5t & initial fund+ ( a program1 to be model$ aft] ! trade adju/m5t assi/ance = work]s program "u *apt] #b ( title ,,ii ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 #bbga et seq471 to assi/ work]s 9 indu/ries t may be displac$ z a result ( ! fees impos$ "u sections #dfib & #dfid1 includ+ assi/ance ) respect to-- 7,a7 wage insurance1 7,b7 relocation exp5ses1 7,c7 e>ly retirem5t1 7,d7 p5sion & heal? b5efits1 includ+ 7if applicable7 ! #aigd ,,umwa ,p5sion ,plan 7z def9$ 9 section #igja7;a77#c771 7,e7 work] retra9+1 & 7,f7 o!r assi/ance t ! ,secret>y ( ,labor det]m9es appropriate4 7#b7 #bj p]c5t to ! ,dep>tm5t ( ,en]gy to make grants to ,/ates1 t]ritories1 & tribes 9 ord] to assi/ communities fac+ significantly increas$ en]gy co/s z a result ( ! fees impos$ "u sections #dfib & #dfid1 9 p>ticul> rural & l[-income communities4 7#c7 #aj p]c5t to ! ,dep>tm5t ( ,heal? & ,human ,s]vices = ! l[-income home en]gy assi/ance program e/abli%$ "u ! ,l[-,income ,home ,en]gy ,assi/ance ,act ( #aiha 7#db ,u4,s4,c4 #hfba et seq474 7#d7 #cj p]c5t to ! ,economic ,developm5t ,adm9i/ration = programs t support economic developm5t & div]sity 9 communities & areas dep5d5t on indu/ries t may be affect$ by ! fees impos$ "u sections #dfib & #dfid1 includ+-- 7,a7 ! ,economic ,adju/m5t ,assi/ance ,program1 & 7,b7 ,p>tn]%ips = ,opportunity & ,work=ce & ,economic ,revitalization4 7h7 ,fund+ requirem5ts 7#a7 ,9 g5]al ,all uses ( fund+ transf]r$ "u subsection 7e7 ?r\gh 7g7 %all be 9 accordance ) practices t protect ,am]ican manufactur+1 pay prevail+ wages & b5efits1 & fur!r r$uce emissions :5 possible4 7#b7 ,use ( ,am]ican goods 7,a7 ,9 g5]al ,none ( ! funds made available by ?is section may be us$ = a project = ! con/ruction1 alt]ation1 ma9t5ance1 or repair ( a public build+ or public "w unless all ( ! iron1 /eel1 cem5t1 & manufactur$ goods us$ 9 ! project are produc$ 9 ! ,unit$ ,/ates4 7,b7 ,exception ,subp>agraph 7,a7 %all n apply 9 any case or category ( cases 9 :i* ! head ( ! ,f$]al dep>tm5t or ag5cy involv$ f9ds t-- 7i7 apply+ subp>agraph 7,a7 w\ld be inconsi/5t ) ! public int]e/1 7ii7 iron1 /eel1 cem5t1 & ! relevant manufactur$ goods are n produc$ 9 ! ,unit$ ,/ates 9 suffici5t & reasonably available quantities & ( a satisfactory quality1 or 7iii7 inclusion ( iron1 /eel1 cem5t1 & manufactur$ goods produc$ 9 ! ,unit$ ,/ates w increase ! co/ ( ! ov]all project by m ?an #be p]c5t4 7,c7 ,publication ,if ! head ( a ,f$]al dep>tm5t or ag5cy det]m9es t x is necess>y to waive ! application ( subp>agraph 7,a7 bas$ on a f9d+ "u subp>agraph 7,b71 ! head ( ! dep>tm5t or ag5cy %all publi% 9 ! ,f$]al ,regi/] a detail$ writt5 ju/ification z to :y ! provision is be+ waiv$4 7,d7 ,int]national agreem5ts ,?is section %all be appli$ 9 a mann] consi/5t ) ,unit$ ,/ates obligations "u int]national agreem5ts4 7#c7 ,wage rate requirem5ts ,not)/&+ any o!r provision ( law1 all labor]s & me*anics employ$ by contractors & subcontractors on projects fund$ directly by or assi/$ 9 :ole or 9 "p by ! ,climate ,act ,rebate ,fund %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 p>agraph1 ! ,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 7#d7 ,en]gy ,effici5cy ,/ate ,revolv+ ,fund ,= fiscal ye> #bjbj & ea* fiscal ye> !reaft]1 ! labor /&>ds specifi$ 9 p>agraph 7#c7 %all apply to projects assi/$ 9 :ole or 9 "p ) recycl$ funds1 includ+ pr9cipal repaym5ts & int]e/ e>n+s1 made available by ! ,en]gy ,effici5cy ,/ate ,revolv+ ,fund e/abli%$ pursuant to subsection 7e77#af77;,e74 7#e7 ,emissions r$uctions ,:5ev] possible1 mat]ials us$ = projects fund$ by ?is section %all be *os5 ) respect to m9imiz+ _! lifecycle emissions1 z det]m9$ by ! ,adm9i/rator4 7#f7 ,natural infra/ructure ,:5ev] possible1 projects fund$ by subsection 7e7 %all prioritize consid]ation ( natural features & nature-bas$ features1 z def9$ 9 section #aahd7;a7 ( ! ,wat] ,infra/ructure ,improvem5ts = ! ,nation ,act 7#cc ,u4,s4,c4 #bbhi;a7a774 7i7 ,sunset 7#a7 ,9 g5]al ,= any fiscal ye> beg9n+ aft] ! date on :i* ! ,secret>y det]m9es t-- 7,a7 pursuant to section #dfic1 ! emissions ( gre5h\se gases f cov]$ fuels = ! mo/ rec5t cal5d> ye> is equal to or less ?an #aj p]c5t ( ! gre5h\se gas emissions f cov]$ fuels = cal5d> ye> #bjag2 & 7,b7 ! mon?ly c>bon divid5d paym5t made to an adult :o is an eligible individual pursuant to subsection 7d7 has be5 less ?an #bj = ! prec$+ #c cal5d> ye>s1 no am\nts may be transf]r$ f ,climate ,action ,rebate ,fund = any purpose describ$ 9 subsection 7c77#c71 & any am\nts rema9+ 9 ! ,climate ,action ,rebate ,fund %all be transf]r$ to ! g5]al fund ( ! ,treasury ( ! ,unit$ ,/ates4 7#b7 ,inflation adju/m5t ,9 ! case ( any ye> beg9n+ aft] #bjbj1 ! doll> am\nt "u p>agraph 7#a77;,b7 %all be increas$ by an am\nt equal to-- 7,a7 su* doll> am\nt1 multipli$ by 7,b7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye> 9 :i* ! taxable ye> beg9s1 det]m9$ by sub/itut+ cal5d> ye> #bjag = cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 !re(4 7j7 ,adm9i/rative au?ority ,! ,secret>y1 9 coord9ation ) ! heads ( o!r relevant ,f$]al ag5cies1 %all promulgate rules1 guidance1 & regulations useful & necess>y to implem5t ! ,climate ,action ,rebate ,fund4 4 7b7 ,rev5ues d$icat$ to tru/ funds 7#a7 ,airport & ,airway ,tru/ ,fund ,section #iejb7;b77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 by ins]t+ & fees aft] ! taxes1 & 7,b7 by /rik+ & at ! end ( subp>agraph 7,c7 & by ins]t+ aft] subp>agraph 7,d7 ! foll[+ new subp>agraph3 7,e7 section #ieab7;e77#d7 7relat+ to c>bon fee71 & 4 7#b7 ,highway ,tru/ ,fund ,section #iejc7;b77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 by ins]t+ & fees aft] equival5t to ! taxes1 & 7,b7 by /rik+ & at ! end ( subp>agraph 7,d71 by /rik+ ! p]iod at ! end ( subp>agraph 7,e7 & ins]t+ 1 &1 & by ins]t+ aft] subp>agraph 7,e7 ! foll[+ new subp>agraph3 7,f7 section #ieab7;e77#a7 7relat+ to c>bon fee74 4 7c7 ,cl]ical am5dm5t ,! table ( sections = sub*apt] ,a ( *apt] #ih ( su* ,code is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #ieab4 ,climate ,action ,rebate ,fund4 4 #e4 ,disclosure ( return in=mation ,section #fajc7l7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraphs3 7#bc7 ,disclosure ( return in=mation relat+ to c>bon divid5d paym5ts 7,a7 ,dep>tm5t ( ,treasury ,return in=mation ) respect to any taxpay] %all1 )\t writt5 reque/1 be op5 to inspection by or disclosure to (fic]s & employees ( ! ,dep>tm5t ( ! ,treasury ^: (ficial duties require su* inspection or disclosure = purposes ( adm9i/]+ section #ieab7;d7 7relat+ ! c>bon divid5d paym5ts f ! ,climate ,action ,rebate ,fund74 7,b7 ,commission] ( ,social ,security ,! ,commission] ( ,social ,security %all1 on writt5 reque/1 disclose to (fic]s & employees ( ! ,dep>tm5t ( ! ,treasury return in=mation :i* has be5 disclos$ to ! ,social ,security ,adm9i/ration z is necess>y to adm9i/] section #ieab7;d74 7,c7 ,re/riction on disclosure ,in=mation disclos$ "u ?is p>agraph %all be disclos$ only = purposes (1 & to ! ext5t necess>y 91 c>ry+ out section #ieab7;d74 4 #f4 ,effective date ,! am5dm5ts made by ?is ,act %all apply to any cal5d> ye> beg9n+ aft] ! date ( enactm5t ( ?is ,act4 #g4 ,pr9ciple ( int]pretation ,9 ! case ( ambiguity1 ! texts ( ?is /atute & its am5d+ texts %all be int]pret$ s z to all[ = ! mo/ effective abatem5t ( gre5h\se gas emissions4 #h4 ,no preemption ( ,/ate law ,no?+ 9 ?is ,act or any regulations promulgat$ "u ?is ,act %all preempt or sup]s$e1 or be int]pret$ to preempt or sup]s$e1 any ,/ate law or regulation4