,i #aai? ,,congress #a/ ,session ,h4 ,r4 #dhj ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #af1 #bjbe ,ms4 ,br[nley introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to e/abli% a me?ane bord] adju/m5t me*anism4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,me?ane ,bord] ,adju/m5t ,me*anism ,act4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,me?ane is a p[]ful gre5h\se gas1 ) ab\t #hj times ! w>m+ p[] ( c>bon dioxide on a #bj-ye> "t horizon4 7#b7 ,rigor\s e/imates sugge/ t at lea/ #be p]c5t ( ! rise 9 global temp]atures s9ce ! indu/rial revolution is due to me?ane emissions4 7#c7 ,public heal? exp]ts believe t me?ane is a key contributor to ! =mation ( gr\nd level ozone & p>ticulate pollution1 :i* causes a wide range ( c>diovascul> & lung-relat$ diseases4 7#d7 ,^! facts sugge/ t me?ane is a ?reat to human1 animal1 & plant life & heal?4 7#e7 ,! int5d$ purpose ( enact+ a me?ane bord] adju/m5t me*anism 7,,mbam7 is to cons]ve exhau/ible natural res\rces by prev5t+ emissions & is made effective 9 conjunction ) regulations & *>ges on me?ane emissions f dome/ic oil & natural gas produc]s "u section #acf ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gdcf74 7#f7 ,highly co/-effective me?ods ( r$uc+ me?ane emissions--su* z ,m,b,a,ms--h be5 well-/udi$ & are ready = implem5tation4 7#g7 ,rese>* sugge/s t :ile ! impact ( an ,,mbam on ! price ( fossil fuels w\ld likely be m9imal1 x c\ld h a significant impact on me?ane emissions4 7#h7 ,by work+ ) c\ntries t are major import]s ( oil & gas to enact simil> ,m,b,a,ms1 9 p>tn]%ip ) ! ,european ,union1 hav+ already enact$ its own bord] measure1 ! ,unit$ ,/ates ,gov]nm5t c bo? help /r5g!n ! m>ket = exports ( clean ,unit$ ,/ates gas & enc\rage o!r oil & gas produc+ c\ntries to r$uce _! me?ane emissions4 #c4 ,e/abli%m5t ( me?ane bord] adju/m5t me*anism 7a7 ,9 g5]al ,*apt] #ch ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new sub*apt]3 ,e ,me?ane bord] adju/m5t me*anism ,sec4 #dfia4 ,me?ane bord] adju/m5t me*anism4 #dfia4 ,me?ane bord] adju/m5t me*anism 7a7 ,9 g5]al ,!re is h]eby impos$ a tax on any me?ane adju/m5t sub/ance sold or us$ by ! import] !re(4 7b7 ,am\nt ( tax 7#a7 ,9 g5]al ,! am\nt ( tax impos$ "u subsection 7a7 ) respect to any me?ane adju/m5t sub/ance %all be ! am\nt t be>s ! same ratio to ! total me?ane emissions *>ge = ! c\ntry 9 :i* su* sub/ance 0 produc$ or extract$ 7det]m9$ = ! second cal5d> ye> prec$+ ! cal5d> ye> ( su* sale or use7 z-- 7,a7 ! volume ( su* sub/ance1 be>s to 7,b7 ! total volume ( su* sub/ance produc$ or extract$ 9 su* c\ntry 7det]m9$ = su* second prec$+ cal5d> ye>74 7#b7 ,total me?ane emissions *>ge ,= purposes ( ?is section1 ! t]m total me?ane emissions *>ge means1 ) respect to any =eign c\ntry1 ! total am\nt ( *>ges ) respect to facilities locat$ 9 su* c\ntry :i* w\ld be impos$ "u section #acf ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gdcf7 if-- 7,a7 su* facilities 7 locat$ 9 ! ,unit$ ,/ates1 & 7,b7 subsection 7c7 ( su* section 7 appli$ )\t reg>d to t reports m ?an #be1jjj metric tons ( c>bon dioxide & all t foll[s4 ,except z o!rwise provid$ by ! ,secret>y 9 p>agraph 7#d71 ! total me?ane emissions *>ge ) respect to any =eign c\ntry %all be det]m9$ sep>ately ) respect to ea* me?ane adju/m5t sub/ance4 7#c7 ,natural gas measur$ by en]gy cont5t ,9 ! case ( natural gas1 subp>agraphs 7,a7 & 7,b7 ( p>agraph 7#a7 %all ea* be appli$ by sub/itut+ en]gy cont5t = volume4 7#d7 ,me?ane adju/m5t sub/ances produc$ or extract$ 9 m ?an #a c\ntry ,! ,secret>y %all provide rules = det]m9+ ! tax impos$ "u p>agraph 7#a7 ) respect to a sub/ance :i* 0 produc$ or extract$ 9 m ?an #a c\ntry :i* det]m9es su* tax on ! basis ( ! proportion ( ! production or extraction t occurr$ 9 su* c\ntry4 7c7 ,me?ane adju/m5t sub/ance 7#a7 ,9 g5]al ,! t]m me?ane adju/m5t sub/ance means petroleum & natural gas4 7#b7 ,recomm5dation ( additional sub/ances 7,a7 ,9 g5]al ,n lat] ?an #b ye>s aft] ! date ( ! enactm5t ( ?is ,act1 & ea* #b ye>s !reaft]1 ! ,secret>y %all submit a writt5 report to ,congress reg>d+ :e!r additional sub/ances t are reliant on oil & natural gas z a fe$/ock 9 indu/rial processes1 or o!rwise h notable embodi$ me?ane emissions1 %\ld be add$ to ! li/ ( me?ane adju/m5t sub/ances subject to ?is section4 7,b7 ,consultation ,9 assess+ sub/ances to recomm5d = inclusion "u ?is p>agraph1 ! ,secret>y %all consult ) ! ,unit$ ,/ates ,int]national ,trade ,commission & ,int]national ,trade ,adm9i/ration on :e!r dome/ic produc]s1 includ+ specific dome/ic facilities1 h l[] embodi$ me?ane emissions ?an produc]s 9 o!r c\ntries4 7,c7 ,analysis ,ea* report "u ?is p>agraph %all be accompani$ by an analysis prep>$ by ! ,secret>y1 aft] consultation ) ! ,unit$ ,/ates ,int]national ,trade ,commission1 (-- 7i7 ! effect ( ! propos$ expansion ( ! me?ane bord] adju/m5t me*anism to include additional sub/ances1 & 7ii7 ! economic1 employm5t1 & environm5tal co/s 9 ! ,unit$ ,/ates if ! expansion does n include su* additional sub/ances4 7d7 ,e/imates 7#a7 ,9 g5]al ,! total me?ane emissions *>ge1 & ! am\nt describ$ 9 subsection 7b77#a77;,b71 ) respect to any =eign c\ntry = any cal5d> ye> %all be det]m9$ by ! ,secret>y on ! basis ( publicly available in=mation4 7#b7 ,e/abli%m5t ( int]national body to collect & report in=mation ,! ,secret>y1 9 consultation ) ! gov]nm5ts ( c\ntries t are major import]s & export]s ( me?ane adju/m5t sub/ances1 %all facilitate ! e/abli%m5t ( an int]national body responsible = provid+ = int]national consultations = ! e/abli%m5t ( int]op]able /&>ds1 e/abli%+ a multi-/age c]tification process to track emissions ?r\gh\t supply *a9s1 & collect+ & report+ data relat$ to me?ane emissions4 ,/&>ds develop$ "u ! prec$+ s5t5ce %all be updat$ n less frequ5tly ?an e #b ye>s4 7e7 ,alt]native tax bas$ on supply *a9 emissions 7#a7 ,9 g5]al ,9 ! case ( any me?ane adju/m5t sub/ance :i* meets ! requirem5ts ( p>agraph 7#b71 ! ,secret>y %all e/abli% an alt]native me?od 79 lieu ( subsection 7b77 = det]m9+ ! am\nt ( tax impos$ "u subsection 7a7 :i* takes into acc\nt only su* sub/ance's pro rata %>e ( ! *>ges :i* w\ld be impos$ "u section #acf ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gdcf7 7det]m9$ ) ! adju/m5ts describ$ 9 subp>agraphs 7,a7 & 7,b7 ( subsection 7b77#b77 ) respect to facilities 9 ! supply *a9 ( su* me?ane adju/m5t sub/ance4 7#b7 ,requirem5ts ,! requirem5ts ( ?is p>agraph are met if-- 7,a7 ! import] ( ! me?ane adju/m5t sub/ance provides ! ,secret>y su* in=mation z ! ,secret>y may require to det]m9e all ( ! facilities 9 ! supply *a9 ( su* sub/ance1 ! total production ( su* facilities1 & ! relevant me?ane emissions !refrom1 & 7,b7 ea* c\ntry 9 :i* su* facilities are locat$ is a c\ntry ) :i* ! ,cu/oms-,trade ,p>tn]%ip ,aga9/ ,t]rorism 7,c-,,tpat7 has sign$ mutual recognition arrangem5ts ) ! cu/oms adm9i/ration ( su* c\ntry4 4 7b7 ,int]national coop]ation on me?ane bord] adju/m5t me*anisms ,! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 %all enc\rage ! #aj c\ntries ) ! highe/ oil & gas imports t d n yet h me?ane bord] adju/m5t me*anisms to-- 7#a7 implem5t equally /r+5t bord] adju/m5t me*anisms1 & 7#b7 p>ticipate 9 ! creation ( ! int]national body ref]r$ to 9 section #dfia7;d77#b7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 z add$ by ?is section4 7c7 ,cl]ical am5dm5t ,! table ( sub*apt]s = *apt] #ch ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new item3 ,sub*apt] ,e--,me?ane bord] adju/m5t me*anism 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to sales & uses aft] ,decemb] #ca1 #bjbe4