,,ii #aai? ,,congress #a/ ,session ,s4 #bgab ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,septemb] #d1 #bjbe,mr4 ,durb9 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to e/abli% a c>bon fee to r$uce gre5h\se gas emissions1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,am]ica's ,clean ,future ,fund ,act4 #b4 ,climate ,*ange ,f9ance ,corporation 7a7 ,e/abli%m5t 7#a7 ,9 g5]al ,!re is e/abli%$ 9 ! executive bran* an indep5d5t ag5cy1 to be kn[n z ! ,climate ,*ange ,f9ance ,corporation 7ref]r$ to 9 ?is section z ! ,c#b;,,fc71 :i* %all f9ance clean en]gy & climate *ange resili5cy activities 9 accordance ) ?is section4 7#b7 ,mission ,! mission ( ! ,c#b;,,fc is to combat climate *ange by r$uc+ ! dep5d5cy ( ! ,unit$ ,/ates on fossil fuels1 r$uc+ gre5h\se gas emissions1 & build+ resili5ce to ! h>mful impacts ( climate *ange4 7#c7 ,activities 7,a7 ,9 g5]al ,! ,c#b;,,fc %all r$uce ! reliance ( ! ,unit$ ,/ates on fossil fuels & mitigate ! impacts ( climate *ange by f9anc+-- 7i7 ! deploym5t ( l[- & z]o-emissions en]gy te*nologies & fuels2 7ii7 ! con/ruction ( climate-resili5t infra/ructure2 7iii7 rese>*1 developm5t1 & comm]cialization ( new climate-sm>t te*nologies & tools to facilitate indu/rial dec>bonization2 7iv7 clean en]gy & climate projects id5tifi$ z too high-risk = private capital inve/m5t2 & 7v7 projects t enc\rage ! infusion ( private capital & ! creation ( new work=ce opportunities 9 clean transportation1 en]gy1 & climate resili5cy4 7,b7 ,priority ,9 c>ry+ out activities "u subp>agraph 7,a71 ! ,c#b;,,fc %all give priority to projects t b5efit-- 7i7 communities disproportionately fac+ ! h>mful impacts ( climate *ange2 7ii7 communities t h be5 hi/orically ov]burd5$ by indu/rial pollution f c>bon-int5sive indu/ries2 & 7iii7 communities t h hi/orically reli$ on c>bon-int5sive indu/ries = economic support4 7,c7 ,emissions r$uction goals ,9 c>ry+ out activities "u subp>agraph 7,a71 ! goals ( ! ,c#b;,,fc %all be to a*ieve-- 7i7 by #bjcj1 a net r$uction ( gre5h\se gas emissions by #de p]c5t1 bas$ on #bjah levels2 & 7ii7 by #bjej1 a net r$uction ( gre5h\se gas emissions by #ajj p]c5t1 bas$ on #bjah levels4 7#d7 ,ex]cise ( p[]s ,except z o!rwise provid$ expressly by law1 all ,f$]al laws deal+ ) public or ,f$]al contracts1 prop]ty1 works1 (fic]s1 employees1 budgets1 or funds1 includ+ ! provisions ( *apt]s #e & #g ( title #e1 ,unit$ ,/ates ,code1 %all apply to ! ex]cise ( ! p[]s ( ! ,c#b;,,fc4 7b7 ,bo>d ( directors 7#a7 ,9 g5]al ,! managem5t ( ! ,c#b;,,fc %all be ve/$ 9 a ,bo>d ( ,directors 7ref]r$ to 9 ?is section z ! ,bo>d7 consi/+ ( #g memb]s1 :o %all be appo9t$ by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate4 7#b7 ,*airp]son & vice *airp]son 7,a7 ,9 g5]al ,a ,*airp]son & ,vice ,*airp]son ( ! ,bo>d %all be appo9t$ by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate1 f among ! individuals appo9t$ to ! ,bo>d "u p>agraph 7#a74 7,b7 ,t]m ,an individual-- 7i7 %all s]ve z ,*airp]son or ,vice ,*airp]son ( ! ,bo>d = a #c-ye> t]m2 & 7ii7 may be r5om9at$ = ! position until ! t]m ( t individual on ! ,bo>d "u p>agraph 7#c77;,c7 expires4 7#c7 ,bo>d memb]s 7,a7 ,citiz5%ip requir$ ,ea* memb] ( ! ,bo>d %all be an individual :o is a citiz5 ( ! ,unit$ ,/ates4 7,b7 ,repres5tation ,! memb]s ( ! ,bo>d %all repres5t agricultural1 educational1 rese>*1 indu/rial1 nongov]nm5tal1 labor1 environm5tal ju/ice1 & comm]cial int]e/s ?r\gh\t ! ,unit$ ,/ates4 7,c7 ,t]m 7i7 ,9 g5]al ,except z o!rwise provid$ 9 ?is section1 ea* memb] ( ! ,bo>d-- 7,i7 %all be appo9t$ = a t]m ( #f ye>s2 & 7,,ii7 may be reappo9t$ = #a additional t]m4 7ii7 ,initial /agg]$ t]ms ,( ! memb]s fir/ appo9t$ to ! ,bo>d-- 7,i7 #b %all ea* be appo9t$ = a t]m ( #b ye>s2 7,,ii7 #c %all ea* be appo9t$ = a t]m ( #d ye>s2 & 7,,iii7 #b %all ea* be appo9t$ = a t]m ( #f ye>s4 7#d7 ,initial meet+ ,n lat] ?an #cj days aft] ! date on :i* all memb]s ( ! ,bo>d are appo9t$ "u p>agraph 7#a71 ! ,bo>d %all hold an initial meet+4 7c7 ,work+ gr\ps 7#a7 ,9 g5]al ,! ,bo>d %all create1 ov]see1 & incorporate fe$back f ! foll[+ work+ gr\ps 7ea* ref]r$ to 9 ?is section z a work+ gr\p73 7,a7 ,an environm5tal ju/ice work+ gr\p4 7,b7 ,a work] & community transition assi/ance work+ gr\p4 7,c7 ,a rese>* & innovation work+ gr\p4 7#b7 ,work+ gr\p memb]s 7,a7 ,9 g5]al ,ea* work+ gr\p %all-- 7i7 be *air$ by a ,bo>d memb]2 & 7ii7 comprise n less ?an #aj & n m ?an #bj individuals1 :o %all be exp]ts1 memb]s ( directly impact$ communities relat+ to ! subject matt] ( ! work+ gr\p1 & o!r relevant /akehold]s4 7,b7 ,div]sity ,individuals on a work+ gr\p %all1 to ! maximum ext5t practicable1 repres5t-- 7i7 a div]se array ( int]e/s relat$ to ! subject matt] ( ! work+ gr\p2 & 7ii7 div]se geographical1 racial1 religi\s1 g5d]1 educational1 age1 disability1 & socioeconomic backgr\nds4 7#c7 ,meet+s ,ea* work+ gr\p %all meet n less ?an #b times p] ye>4 7#d7 ,community & /akehold] engagem5t 7,a7 ,9 g5]al ,ea* work+ gr\p %all create & engage 9 mean+ful community & /akehold] involvem5t opportunities1 includ+ ?r\gh regul> public community engagem5t activities1 = purposes (-- 7i7 ma9ta9+ up-to-date situational aw>5ess ab\t ! ne$s ( relevant communities & /akehold]s2 7ii7 us+ ! fe$back obta9$ ?r\gh ^? opportunities to in=m ! advice ( ! work+ gr\p to ! ,bo>d2 & 7iii7 provid+ a me*anism = direct & sub/antial community fe$back relat+ to ! inve/m5t plan & ! fund+ decisions ( ! ,c#b;,,fc4 7,b7 ,public aw>5ess ,ea* work+ gr\p %all in=m ! public ab\t ,c#b;,,fc inve/m5t by engag+ 9 public aw>5ess campaigns1 :i* %all t>get relevant communities ?r\gh compreh5sive & accessible outrea* me?ods suit$ = ! relevant community4 7,c7 ,broad p>ticipation ,9 c>ry+ out subp>agraph 7,a71 ea* work+ gr\p %all1 to ! maximum ext5t practicable1 maximize p>ticipation f a broad gr\p ( /akehold]s1 includ+ by hold+ multiple meet+s ) significant advance notice1 provid+ access to remote p>ticipation 9 ^? meet+s1 & hold+ meet+s 9 multiple languages & at diff]5t times & locations4 7#e7 ,tasks ,ea* work+ gr\p %all1 z x relates to ! subject matt] ( ! work+ gr\p-- 7,a7 advise & provide g5]al input to ! ,bo>d reg>d+ loans & grants provid$ by ! ,c#b;,,fc2 & 7,b7 consult )1 & bas$ on ! activities describ$ 9 p>agraph 7#d71 provide recomm5dations to1 ! ,bo>d 9 ! developm5t ( & updates to ! inve/m5t plan ( ! ,c#b;,,fc4 7d7 ,inve/m5t plan 7#a7 ,9 g5]al ,! ,bo>d1 9 consultation ) ea* work+ gr\p describ$ 9 subsection 7c77#a71 %all develop an inve/m5t plan 7ref]r$ to 9 ?is subsection z ! inve/m5t plan7 = ! ,c#b;,,fc 9 accordance ) ?is subsection4 7#b7 ,purposes ,! purposes ( ! inve/m5t plan are-- 7,a7 to ensure t inve/m5ts made by ! ,c#b;,,fc-- 7i7 are equitable & rea* ! prioritiz$ communities describ$ 9 subsection 7e77#b72 7ii7 are effective at progress+ t[>ds ! goals describ$ 9 subsection 7a77#c77;,c72 7iii7 support ! advancem5t ( rese>* 9 clean te*nologies & resili5ce2 & 7iv7 are transp>5t to ! prioritiz$ communities describ$ 9 subsection 7e77#b72 & 7,b7 to provide me?ods & /&>ds by :i* ! ,bo>d & ! work+ gr\ps describ$ 9 subsection 7c77#a7 %all *oose projects 9 :i* to inve/4 7#c7 ,di/ribution ( grant funds ,! initial inve/m5t plan %all require t1 ( ! total am\nt ( grant funds provid$ "u subsection 7e77#c77;,a7 ea* ye>1 n less ?an #dj p]c5t %all be us$ to inve/ 9 & b5efit communities describ$ 9 subsection 7e77#b77;,a74 7#d7 ,inve/m5t plan updates 7,a7 ,9 g5]al ,! ,bo>d1 9 consultation ) ea* work+ gr\p describ$ 9 subsection 7c77#a71 %all update ! inve/m5t plan n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 & e #d ye>s !reaft]1 includ+ by tak+ into acc\nt-- 7i7 ! curr5t ne$s ( ! prioritiz$ communities describ$ 9 subsection 7e77#b72 7ii7 ! effectiv5ess ( ! previ\s inve/m5t plan 9 address+ ! ne$s ( ^? communities2 7iii7 ! curr5t /ate ( relevant rese>* & te*nology2 7iv7 ! resili5cy ne$s ( local communities2 7v7 ! goals describ$ 9 subsection 7a77#c77;,c72 & 7vi7 ! #b mo/ rec5t program reviews conduct$ "u subsection 7f74 7,b7 ,effectiv5ess ,an inve/m5t plan %all rema9 9 effect until ! date on :i* ! ,bo>d approves an updat$ inve/m5t plan4 7,c7 ,public input ,9 updat+ ! inve/m5t plan1 ! ,bo>d & ! work+ gr\ps describ$ 9 subsection 7c77#a7 %all-- 7i7 engage /akehold]s & ! public 9 a public comm5t & fe$back process2 & 7ii7 ensure t ! prioritiz$ communities describ$ 9 subsection 7e77#b7 h access to p>ticipate 9 t process4 7#e7 ,public updates ,! ,bo>d %all make publicly available on a qu>t]ly basis in=mation relat+ to ! exp5diture ( funds "u ! inve/m5t plan4 7e7 ,inve/m5t tools 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,community ( color ,! t]m community ( color means a geographically di/9ct area 9 :i* ! population ( any ( ! foll[+ categories ( individuals is high] ?an ! av]age population ( t category = ! ,/ate 9 :i* ! community is locat$3 7i7 ,black4 7ii7 ,african ,am]ican4 7iii7 ,asian4 7iv7 ,pacific ,isl&]4 7v7 ,o!r non-,:ite race4 7vi7 ,hispanic4 7vii7 ,lat9o4 7viii7 ,l+ui/ically isolat$4 7,b7 ,eligible borr[] ,! t]m eligible borr[] means any p]son1 includ+ a bus9ess own] or project develop]1 t seeks a loan to c>ry out approv$ practices or projects describ$ 9 subp>agraph 7,a77i7 ( p>agraph 7#c7 f an eligible l5d] t may receive a loan gu>antee "u t p>agraph = t loan1 accord+ to crit]ia det]m9$ by ! ,c#b;,,fc4 7,c7 ,eligible entity ,! t]m eligible entity means-- 7i7 a ,/ate2 7ii7 an ,indian ,tribe2 7iii7 a unit ( local gov]nm5t2 & 7iv7 a rese>* & developm5t in/itution 7includ+ a ,national ,laboratory74 7,d7 ,eligible l5d] ,! t]m eligible l5d] means-- 7i7 a ,f$]al- or ,/ate-*>t]$ bank2 7ii7 a ,f$]al- or ,/ate-*>t]$ cr$it union2 7iii7 an agricultural cr$it corporation2 7iv7 a ,unit$ ,/ates ,gre5 ,bank ,in/itution2 7v7 a community developm5t f9ancial in/itution 7z def9$ 9 section #ajc ( ! ,community ,developm5t ,bank+ & ,f9ancial ,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4 #dgjb772 7vi7 a m9ority depository in/itution 7z def9$ 9 section #cjh7;b7 ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #adfc note2 ,public ,law #aja-gc772 & 7vii7 any o!r l5d] t ! ,bo>d det]m9es has a demon/rat$ ability to und]write & s]vice loans = ! int5d$ approv$ practice = :i* ! loan w be us$4 7,e7 ,environm5tal ju/ice community ,! t]m environm5tal ju/ice community means a community ) significant repres5tation ( communities ( color1 l[-income communities1 or ,tribal & indig5\s communities t exp]i5ces1 or is at risk ( exp]i5c+1 high] or m adv]se human heal? or environm5tal effects4 7,f7 ,indian tribe ,! t]m ,indian ,tribe has ! mean+ giv5 ! t]m 9 section #d ( ! ,indian ,self-,det]m9ation & ,education ,assi/ance ,act 7#be ,u4,s4,c4 #ecjd74 7,g7 ,l[-income community ,! t]m l[-income community means any c5sus block gr\p 9 :i* #cj p]c5t or m ( ! population are individuals ) an annual h\sehold income equal to1 or less ?an1 ! great] (-- 7i7 an am\nt equal to #hj p]c5t ( ! m$ian income ( ! area 9 :i* ! h\sehold is locat$1 z report$ by ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t2 & 7ii7 #bjj p]c5t ( ! ,f$]al pov]ty l9e4 7,h7 ,/ate ,! t]m ,/ate means-- 7i7 a ,/ate2 7ii7 ! ,di/rict ( ,columbia2 7iii7 ! ,commonweal? ( ,pu]to ,rico2 & 7iv7 any o!r t]ritory or possession ( ! ,unit$ ,/ates4 7#b7 ,community prioritization ,9 provid+ f9ancial inve/m5t & o!r assi/ance "u p>agraph 7#c71 ! ,c#b;,,fc %all give priority to1 z det]m9$ by ! ,c#b;,,fc-- 7,a7 environm5tal ju/ice communities1 communities ( color1 indig5\s communities1 rural communities1 & l[-income communities t-- 7i7 exp]i5ce a disproportionate burd5 ( ! negative human heal? & environm5tal impacts ( pollution or o!r environm5tal haz>ds1 su* z natural disa/]s2 or 7ii7 may n h access to public in=mation & opportunities = mean+ful public p>ticipation relat+ to human heal? & environm5tal plann+1 regulations1 & en=cem5t2 7,b7 de9du/rializ$ communities or communities ) significant local economic reliance on c>bon-int5sive indu/ries2 7,c7 l[-income communities at risk ( impacts ( natural disa/]s or sea level rise exac]bat$ by climate *ange2 7,d7 public or nonpr(it entities t s]ve dislocat$ work]s1 vet]ans1 or individuals ) a b>ri] to employm5t2 & 7,e7 communities t h m9imal or no inve/m5t 9 ! approv$ practices & projects describ$ 9 p>agraph 7#c77;,a77i74 7#c7 ,grants1 loan gu>antees1 & o!r inve/m5t tools 7,a7 ,9 g5]al ,! ,c#b;,,fc-- 7i7 %all provide grants to eligible entities & loan gu>antees to eligible l5d]s issu+ loans to eligible borr[]s = approv$ practices & projects relat+ to climate *ange mitigation & resili5ce measures1 includ+-- 7,i7 en]gy effici5cy upgrades to infra/ructure2 7,,ii7 electric1 hydrog51 & clean transportation programs & deploym5t1 includ+ programs-- 7aa7 to pur*ase p]sonal vehicles1 comm]cial vehicles1 & public transportation fleets & s*ool bus fleets2 7bb7 to deploy electric vehicle *>g+ & hydrog5 fuel+ infra/ructure2 & 7cc7 to develop & deploy su/a9able aviation fuels2 7,,iii7 clean en]gy & clean vehicle manufactur+ rese>*1 demon/rations1 & deploym5t1 ) a p>ticul> focus on projects relat+ to ! comm]cialization ( new te*nologies2 7,,iv7 batt]y /orage rese>*1 demon/rations1 & deploym5t2 7,v7 developm5t or pur*ase ( equipm5t = practices describ$ 9 section #f2 7,,vi7 developm5t & deploym5t ( clean en]gy & clean te*nologies1 ) a focus on-- 7aa7 c>bon capture1 utilization1 & seque/ration1 bio5]gy ) c>bon capture & seque/ration1 & direct air capture2 7bb7 en]gy /orage & grid mod]nization2 7cc7 geo!rmal en]gy2 7dd7 comm]cial & resid5tial sol>2 7ee7 w9d en]gy2 & 7ff7 any o!r clean te*nology use or developm5t1 z det]m9$ by ! ,bo>d2 7,,vii7 measures t anticipate & prep>e = climate *ange impacts1 & r$uce risks & enhance resili5ce to sea level rise1 extreme wea!r ev5ts1 heat isl& impacts1 & o!r climate *ange impacts1 z det]m9$ by ! ,bo>d1 includ+ by-- 7aa7 build+ resili5t en]gy1 wat]1 & transportation infra/ructure2 7bb7 provid+ wea!rization assi/ance = l[-income h\seholds2 & 7cc7 increas+ ! physical & economic resili5ce ( ! agriculture sector2 & 7,,viii7 natural infra/ructure rese>*1 demon/rations1 & deploym5t2 & 7ii7 may implem5t o!r inve/m5t tools & products approv$ by ! ,bo>d1 pursuant to subp>agraph 7,c71 to a*ieve ! mission ( ! ,c#b;,,fc describ$ 9 subsection 7a77#b74 7,b7 ,loan gu>antees 7i7 ,9 g5]al ,9 provid+ loan gu>antees "u subp>agraph 7,a71 ! ,c#b;,,fc %all coop]ate ) eligible l5d]s ?r\gh agreem5ts to p>ticipate on a def]r$ 7gu>ante$7 basis4 7ii7 ,level ( p>ticipation 9 gu>ante$ loans ,9 provid+ a loan gu>antee "u subp>agraph 7,a71 ! ,c#b;,,fc %all gu>antee #ge p]c5t ( ! balance ( ! f9anc+ out/&+ at ! "t ( disbursem5t ( ! loan4 7iii7 ,int]e/ rates ,not)/&+ ! provisions ( ! con/itution ( any ,/ate or ! laws ( any ,/ate limit+ ! rate or am\nt ( int]e/ t may be *>g$1 tak51 receiv$1 or res]v$1 ! maximum legal rate ( int]e/ on any f9anc+ made on a def]r$ basis "u ?is subsection %all n exce$ a rate prescrib$ by ! ,c#b;,,fc4 7iv7 ,gu>antee fees 7,i7 ,9 g5]al ,) respect to ea* loan gu>ante$ "u ?is subsection 7o!r ?an a loan t is repayable 9 #a ye> or less71 ! ,c#b;,,fc %all collect a gu>antee fee1 :i* %all be payable by ! eligible l5d]1 & may be *>g$ to ! eligible borr[] 9 accordance ) subclause 7,,ii74 7,,ii7 ,borr[] *>ges ,a gu>antee fee describ$ 9 subclause 7,i7 *>g$ to an eligible borr[] %all n-- 7aa7 exce$ #b p]c5t ( ! def]r$ p>ticipation %>e ( a total loan am\nt t is equal to or less ?an #aej1jjj2 7bb7 exce$ #c p]c5t ( ! def]r$ p>ticipation %>e ( a total loan am\nt t is great] ?an #aej1jjj b less ?an #gjj1jjj2 or 7cc7 exce$ #c4e p]c5t ( ! def]r$ p>ticipation %>e ( a total loan am\nt t is equal to or great] ?an #gjj1jjj4 7,c7 ,o!r inve/m5t tools & products 7i7 ,9 g5]al ,! ,bo>d may1 bas$ on m>ket ne$s1 develop & implem5t any o!r inve/m5t tool or product necess>y to a*ieve ! mission ( ! ,c#b;,,fc describ$ 9 subsection 7a77#b7 & ! deploym5t ( projects describ$ 9 subp>agraph 7,a77i71 includ+ (f]+-- 7,i7 w>eh\s+ & aggregation cr$it facilities2 7,,ii7 z]o int]e/ loans2 7,,iii7 cr$it enhancem5ts2 & 7,,iv7 con/ruction f9ance4 7ii7 ,/ate & local gre5 banks ,! ,bo>d %all provide-- 7,i7 funds to ,unit$ ,/ates ,gre5 ,bank ,in/itutions z necess>y to f9ance projects t are be/ s]v$ by ^? entities2 & 7,,ii7 te*nical assi/ance z necess>y to ,/ates & localities seek+ to e/abli% gre5 banks4 7,d7 ,prohibit$ inve/m5ts ,! ,bo>d %all n issue loans1 grants1 or o!rwise inve/ 9 any activities t directly or indirectly contradict ! mission ( ! ,c#b;,,fc describ$ 9 subsection 7a77#b74 7#d7 ,wage rate requirem5ts 7,a7 ,9 g5]al ,all labor]s & me*anics employ$ by eligible entities & eligible borr[]s on projects fund$ directly by or assi/$ 9 :ole or 9 "p by ! activities ( ! ,c#b;,,fc "u ?is section %all be paid at 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 ,code 7commonly kn[n z ! ,davis-,bacon ,act74 7,b7 ,au?ority ,) respect to ! labor /&>ds specifi$ 9 subp>agraph 7,a71 ! ,secret>y ( ,labor %all h ! au?ority & functions set =? 9 ,reorganization ,plan ,no4 #ad ( #aiej 7#fd ,/at4 #abfg2 #e ,u4,s4,c4 ,app47 & section #cade ( title #dj1 ,unit$ ,/ates ,code4 7#e7 ,buy am]ica requirem5ts 7,a7 ,9 g5]al ,all iron1 /eel1 & manufactur$ goods us$ = projects "u ?is section %all be produc$ 9 ! ,unit$ ,/ates4 7,b7 ,waiv] ,! ,bo>d may waive ! requirem5t 9 subp>agraph 7,a7 if ! ,bo>d f9ds t-- 7i7 en=c+ ! requirem5t w\ld be inconsi/5t ) ! public int]e/2 7ii7 ! iron1 /eel1 & manufactur$ goods produc$ 9 ! ,unit$ ,/ates are n produc$ 9 a suffici5t & reasonably available am\nt or are n ( a satisfactory quality2 or 7iii7 en=c+ ! requirem5t w increase ! ov]all co/ ( ! project by m ?an #be p]c5t4 7f7 ,program review & report ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act1 & e #b ye>s !reaft]1 ! ,bo>d %all-- 7#a7 conduct a review ( ! activities ( ! ,c#b;,,fc & id5tify projects & fund+ opportunities t 7 a "p ( ! curr5t inve/m5t plan2 & 7#b7 submit to ,congress & make publicly available a report t-- 7,a7 describes ! projects & fund+ opportunities t h be5 mo/ successful 9 progress+ t[>ds ! mission describ$ 9 subsection 7a77#b7 dur+ ! "t p]iod cov]$ by ! report2 7,b7 includes recomm5dations on ! clean en]gy & resili5cy projects t %\ld be prioritiz$ 9 =?com+ ye>s to a*ieve t mission2 7,c7 quantifies ! total am\nt & p]c5tage ( fund+ giv5 to prioritiz$ communities describ$ 9 subsection 7e77#b72 & 7,d7 id5tifies b>ri]s = disadvantag$ gr\ps to receive ,c#b;,,fc fund+ & provides recomm5dations to address ^? b>ri]s4 7g7 ,initial capitalization ,!re is appropriat$ to c>ry out ?is section 7includ+ = adm9i/rative co/s ( ! ,c#b;,,fc71 out ( any funds 9 ! ,treasury n o!rwise appropriat$1 #g1ejj1jjj1jjj = ea* ( fiscal ye>s #bjbf & #bjbg1 to rema9 available until exp5d$4 #c4 ,c>bon fee 7a7 ,9 g5]al ,*apt] #ch ( subtitle ,d ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new sub*apt]3 ,e ,c>bon fee ,sec4 #dfia4 ,def9itions4,sec4 #dfib4 ,c>bon fee4,sec4 #dfic4 ,fee on noncov]$ fuel emissions4,sec4 #dfid4 ,refunds = c>bon capture1 seque/ration1 & utilization4,sec4 #dfie4 ,bord] adju/m5ts4 #dfia4 ,def9itions ,= purposes ( ?is sub*apt]-- 7#a7 ,adm9i/rator ,! t]m ,adm9i/rator means ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy4 7#b7 ,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 ov] a #ajj-ye> p]iod z "o metric ton ( ano!r gre5h\se gas4 7#c7 ,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 ! ,secret>y ( ,comm]ce1 & ! ,secret>y ( ,en]gy1 det]m9es is en]gy-int5sive & trade-expos$ 7) ! exception ( any cov]$ fuel74 7#d7 ,cov]$ entity ,! t]m cov]$ entity means-- 7,a7 9 ! case ( crude oil-- 7i7 any op]ator ( a ,unit$ ,/ates ref9]y 7z describ$ 9 subsection 7d77#a7 ( section #dfaa71 & 7ii7 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-- 7i7 any produc] subject to ! tax "u section #daba1 & 7ii7 any import] ( coal into ! ,unit$ ,/ates1 7,c7 9 ! case ( natural gas-- 7i7 any entity :i* produces natural gas 7z def9$ 9 section #fac;,a7e77#b77 f a well locat$ 9 ! ,unit$ ,/ates1 & 7ii7 any import] ( natural gas into ! ,unit$ ,/ates1 7,d7 9 ! case ( any noncov]$ fuel emissions1 ! entity :i* is ! s\rce ( su* emissions1 provid$ t ! total am\nt ( c>bon dioxide or me?ane emitt$ by su* entity = ! prec$+ ye> 7z det]m9$ us+ ! me?odology requir$ "u section #dfib7;e77#d77 0 n less ?an #be1jjj metric tons1 & 7,e7 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 ! fee on noncov]$ fuel emissions1 or ! c>bon bord] fee adju/m5t4 7#e7 ,cov]$ fuel ,! t]m cov]$ fuel means crude oil1 natural gas1 coal1 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 7#f7 ,gre5h\se gas ,! t]m gre5h\se gas-- 7,a7 has ! mean+ giv5 su* t]m 9 section #ija ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7#db ,u4,s4,c4 #agcba71 z 9 effect on ! date ( ! enactm5t ( ! ,am]ica's ,clean ,future ,fund ,act1 & 7,b7 includes any o!r gases id5tifi$ by rule ( ! ,adm9i/rator4 7#g7 ,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 7#h7 ,noncov]$ fuel emission ,! t]m noncov]$ fuel emission means any c>bon dioxide or me?ane emitt$ z a result ( ! production1 process+1 transport1 or use ( any product or mat]ial )9 ! en]gy or indu/rial sectors-- 7,a7 includ+ any fugitive or process emissions associat$ ) ! production1 process+1 or transport ( a cov]$ fuel1 & 7,b7 exclud+ any emissions f ! combu/ion or use ( a cov]$ fuel4 7#i7 ,qualifi$ c>bon oxide ,! t]m qualifi$ c>bon oxide has ! mean+ giv5 ! t]m 9 section #de,q7c74 7#aj7 ,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 ,def9itions ,9 ?is section3 7#a7 ,applicable p]iod ,! t]m applicable p]iod means1 ) respect to any det]m9ation made by ! ,secret>y "u subsection 7e77#c7 = any cal5d> ye>1 ! p]iod-- 7,a7 beg9n+ on ,janu>y #a1 #bjbg1 & 7,b7 end+ on ,decemb] #ca ( ! prec$+ cal5d> ye>4 7#b7 ,cumulative emissions ,! t]m cumulative emissions means an am\nt equal to ! sum ( any gre5h\se gas emissions result+ f ! use ( cov]$ fuels & any noncov]$ fuel emissions = all ye>s dur+ ! applicable p]iod4 7#c7 ,cumulative emissions t>get ,! t]m cumulative emissions t>get means an am\nt equal to ! sum ( ! emissions t>gets = all ye>s dur+ ! applicable p]iod4 7#d7 ,emissions t>get ,! t]m emissions t>get means ! t>get = gre5h\se gas emissions dur+ a cal5d> ye> z det]m9$ "u subsection 7e77#a74 7b7 ,c>bon fee ,dur+ any cal5d> ye> t beg9s aft] ,decemb] #ca1 #bjbf1 !re is impos$ a c>bon fee on any cov]$ entity's use1 sale1 or transf] ( any cov]$ fuel4 7c7 ,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 rate1 z det]m9$ "u subsection 7d74 7d7 ,c>bon fee rate ,! c>bon fee rate %all be det]m9$ 9 accordance ) ! foll[+3 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> #bjbg1 #ge1 & 7,b7 except z provid$ 9 p>agraphs 7#b7 & 7#c71 9 ! case ( any cal5d> ye> aft] #bjbg1 ! am\nt equal to ! sum (-- 7i7 ! am\nt "u subp>agraph 7,a71 plus-- 7ii7 7,i7 9 ! case ( cal5d> ye> #bjbh1 #aj1 & 7,,ii7 9 ! case ( any cal5d> ye> aft] #bjbh1 ! am\nt 9 effect "u ?is clause = ! prec$+ cal5d> ye>1 plus #aj4 7#b7 ,inflation adju/m5t 7,a7 ,9 g5]al ,9 ! case ( any cal5d> ye> aft] #bjbg1 ! am\nt det]m9$ "u p>agraph 7#a77;,b7 %all be increas$ by an am\nt equal to-- 7i7 t doll> am\nt1 multipli$ by 7ii7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = t cal5d> ye>1 det]m9$ by sub/itut+ #bjbf = #bjaf 9 subp>agraph 7,a77ii7 !re(4 7,b7 ,r\nd+ ,if any increase det]m9$ "u subp>agraph 7,a7 is n a multiple ( #a1 su* increase %all be r\nd$ up to ! next :ole doll> am\nt4 7#c7 ,adju/m5t ( c>bon fee rate 7,a7 ,increase 9 rate foll[+ miss$ cumulative emissions t>get ,9 ! case ( any cal5d> ye> foll[+ a det]m9ation by ! ,secret>y pursuant to subsection 7e77#c7 t ! cumulative emissions = ! prec$+ cal5d> ye> exce$$ ! cumulative emissions t>get = su* ye>1 p>agraph 7#a77;,b77ii77,,ii7 %all be appli$-- 7i7 9 ! case ( cal5d> ye>s #bjbi ?r\gh #bjcj1 by sub/itut+ #ae = #aj1 7ii7 9 ! case ( cal5d> ye>s #bjca ?r\gh #bjdj1 by sub/itut+ #bj = #aj1 & 7iii7 9 ! case ( any cal5d> ye> beg9n+ aft] #bjdj1 by sub/itut+ #be = #aj4 7,b7 ,cessation ( rate increase foll[+ a*ievem5t ( cumulative emissions t>get ,9 ! case ( any ye> foll[+ a det]m9ation by ! ,secret>y pursuant to subsection 7e77#c7 t-- 7i7 ! av]age annual emissions ( gre5h\se gases f cov]$ entities ov] ! prec$+ #c-ye> p]iod are n m ?an #aj p]c5t ( ! gre5h\se gas emissions dur+ ! ye> #bjah1 & 7ii7 ! cumulative emissions did n exce$ ! cumulative emissions t>get1 p>agraph 7#a77;,b77ii77,,ii7 %all be appli$ by sub/itut+ #j = #aj4 7,c7 ,me?odology ,) respect to any ye>1 ! annual gre5h\se gas emissions & cumulative emissions describ$ 9 subp>agraph 7,a7 or 7,b7 %all be det]m9$ us+ ! me?odology requir$ "u subsection 7e77#d74 7e7 ,emissions t>gets 7#a7 ,9 g5]al 7,a7 ,ref]5ce ye> ,= purposes ( subsection 7d71 ! emissions t>get = any ye> %all be ! am\nt ( gre5h\se gas emissions t is equal to-- 7i7 = cal5d> ye>s #bjbg & #bjbh1 ! applicable p]c5tage ( ! total am\nt ( gre5h\se gas emissions f ! use ( any cov]$ fuel dur+ cal5d> ye> #bjah1 & 7ii7 = cal5d> ye> #bjbi & ea* cal5d> ye> !reaft]1 ! applicable p]c5tage ( ! total am\nt ( gre5h\se gas emissions f ! use ( any cov]$ fuel & noncov]$ fuel emissions dur+ cal5d> ye> #bjah4 7,b7 ,me?odology ,= purposes ( subp>agraph 7,a71 ) respect to det]m9+ ! total am\nt ( gre5h\se gas emissions f ! use ( any cov]$ fuel & noncov]$ fuel emissions dur+ cal5d> ye> #bjah1 ! ,adm9i/rator %all use su* me?ods z are det]m9$ appropriate1 provid$ t su* me?ods are1 to ! greate/ ext5t practicable1 comp>able to ! me?ods e/abli%$ "u p>agraph 7#d74 7#b7 ,applicable p]c5tage 7,a7 #bjbg ?r\gh #bjce ,9 ! case ( cal5d> ye>s #bjbg ?r\gh #bjce1 ! applicable p]c5tage %all be det]m9$ z foll[s3 ,year,applicable p]c5tage#bjbgfc p]c5t#bjbhfj p]c5t#bjbieg p]c5t#bjcjee p]c5t#bjcaeb p]c5t#bjcbdi p]c5t#bjccdf p]c5t#bjcddc p]c5t#bjcedj p]c5t 7,b7 #bjcf ?r\gh #bjej ,9 ! case ( cal5d> ye>s #bjcf ?r\gh #bjej1 ! applicable p]c5tage %all be equal to-- 7i7 ! applicable p]c5tage = ! prec$+ ye>1 m9us 7ii7 #b p]c5tage po9ts4 7,c7 ,aft] #bjej ,9 ! case ( any cal5d> ye> beg9n+ aft] #bjej1 ! applicable p]c5tage %all be equal to #aj p]c5t4 7#c7 ,emissions report+ & det]m9ations 7,a7 ,report+ ,n lat] ?an ,septemb] #cj1 #bjbg1 & annually !reaft]1 ! ,adm9i/rator1 9 consultation ) ! ,secret>y1 %all make available to ! public a report on-- 7i7 ! cumulative emissions ) respect to ! prec$+ cal5d> ye>1 & 7ii7 any o!r relevant in=mation1 z det]m9$ appropriate by ! ,adm9i/rator4 7,b7 ,det]m9ations ,n lat] ?an ,septemb] #cj1 #bjbi1 & annually !reaft]1 ! ,adm9i/rator1 9 consultation ) ! ,secret>y & z "p ( ! report describ$ 9 subp>agraph 7,a71 %all det]m9e :e!r cumulative emissions ) respect to ! prec$+ cal5d> ye> exce$$ ! cumulative emissions t>get ) respect to su* ye>4 7#d7 ,emissions acc\nt+ me?odology 7,a7 ,9 g5]al ,n lat] ?an ,janu>y #a1 #bjbg1 ! ,adm9i/rator %all prescribe rules = gre5h\se gas acc\nt+ = cov]$ entities = purposes ( ?is sub*apt]1 :i* %all-- 7i7 to ! greate/ ext5t practicable1 employ exi/+ data collection me?odologies & gre5h\se gas acc\nt+ practices1 includ+ su* me?odologies & practices develop$ by ! ,national ,laboratories 7z def9$ 9 section #b ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aehja771 7ii7 ensure t ! me?od ( acc\nt+-- 7,i7 applies to-- 7aa7 all gre5h\se gas emissions f cov]$ fuels & all noncov]$ fuel emissions1 & 7bb7 all cov]$ entities1 7,,ii7 excludes-- 7aa7 any gre5h\se gas emissions :i* are n describ$ item 7aa7 ( subclause 7,i71 & 7bb7 any entities :i* are n describ$ 9 item 7bb7 ( su* subclause1 & 7,,iii7 appropriately acc\nts =-- 7aa7 qualifi$ c>bon oxide :i* is captur$ & dispos$ or us$ 9 a mann] describ$ 9 section #dfid1 & 7bb7 nonemitt+ uses ( cov]$ fuels1 z describ$ 9 subsection 7f71 7iii7 subject to su* p5alties z are det]m9$ appropriate by ! ,adm9i/rator1 require any cov]$ entity to report1 n lat] ?an ,april #a ( ea* cal5d> ye>-- 7,i7 ! total gre5h\se gas cont5t ( any cov]$ fuels us$1 sold1 or transf]r$ by su* cov]$ entity dur+ ! prec$+ cal5d> ye>1 & 7,,ii7 ! total noncov]$ fuel emissions ( ! cov]$ entity dur+ ! prec$+ cal5d> ye>1 & 7iv7 require any in=mation report$ pursuant to clause 7iii7 to be v]ifi$ by a ?ird-p>ty entity t1 subject to su* process z is det]m9$ appropriate by ! ,adm9i/rator1 has be5 c]tifi$ by ! ,adm9i/rator ) respect to ! qualifications1 indep5d5ce1 & reliability ( su* entity4 7,b7 ,gre5h\se ,gas ,report+ ,program ,= purposes ( e/abli%+ ! rules describ$ 9 subp>agraph 7,a71 ! ,adm9i/rator may elect to modify ! activities ( ! ,gre5h\se ,gas ,report+ ,program e/abli%$ "u "p #ih ( title #dj1 ,code ( ,f$]al ,regulations1 z 9 effect on ,janu>y #a1 #bjbe1 to satisfy ! requirem5ts describ$ 9 clauses 7i7 ?r\gh 7iv7 ( su* subp>agraph4 7#e7 ,revisions ,) respect to any det]m9ation made by ! ,adm9i/rator z to ! am\nt ( gre5h\se gas emissions = any cal5d> ye> 7includ+ cal5d> ye> #bjah71 any subsequ5t revision by ! ,adm9i/rator ) respect to su* am\nt %all apply = purposes ( ! fee impos$ "u subsection 7b7 = any cal5d> ye>s beg9n+ aft] su* revision4 7f7 ,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 7g7 ,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 ! id5tification ( cov]$ entities t are liable = paym5t ( a fee "u ?is section or section #dfic1 7#b7 z may be necess>y or conv5i5t1 rules = di/+ui%+ betwe5 diff]5t types ( cov]$ entities1 7#c7 z may be necess>y or conv5i5t1 rules = di/+ui%+ betwe5 ! gre5h\se gas emissions ( a cov]$ entity & ! gre5h\se gas emissions t are attribut$ to ! cov]$ entity b n directly emitt$ by ! cov]$ entity1 7#d7 requirem5ts = ! qu>t]ly paym5t ( su* fees1 & 7#e7 rules to ensure t ! c>bon fee "u ?is section1 ! fee on noncov]$ fuel emissions "u section #dfic1 or ! c>bon bord] fee adju/m5t is n impos$ on an emission f cov]$ fuel or noncov]$ fuel emission m ?an once4 #dfic4 ,fee on noncov]$ fuel emissions 7a7 ,9 g5]al ,dur+ any cal5d> ye> t beg9s aft] ,decemb] #ca1 #bjbh1 !re is impos$ a fee on a cov]$ entity = any noncov]$ fuel emissions :i* occur dur+ ! cal5d> ye>4 7b7 ,am\nt ,! fee to be paid "u subsection 7a7 by ! cov]$ entity :i* is ! s\rce ( ! emissions describ$ 9 t subsection %all be an am\nt equal to-- 7#a7 ! total am\nt1 9 metric tons ( ,,co#b-;e1 ( emitt$ gre5h\se gases1 multipli$ by 7#b7 an am\nt equal to ! c>bon fee rate 9 effect "u section #dfib7;d7 = ! 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+ regulations describ+ ! requirem5ts = ! qu>t]ly paym5t ( su* fees4 #dfid4 ,refunds = c>bon capture1 seque/ration1 & utilization 7a7 ,9 g5]al 7#a7 ,capture1 seque/ration1 & use ,! ,secret>y1 9 consultation ) ! ,adm9i/rator & ! ,secret>y ( ,en]gy1 %all prescribe regulations = provid+ paym5ts to any p]son :i* captures qualifi$ c>bon oxide :i* is-- 7,a7 dispos$ ( by su* p]son 9 secure geological /orage1 z describ$ 9 section #de,q7f77#b71 or 7,b7 us$ 9 a mann] :i* has be5 approv$ by ! ,secret>y pursuant to subsection 7c74 7#b7 ,election ,if ! p]son describ$ 9 p>agraph 7#a7 makes an election "u ?is p>agraph 9 su* "t & mann] z ! ,secret>y may prescribe by regulations1 ! cr$it "u ?is section-- 7,a7 %all be all[able to ! p]son t owns ! facility describ$ 9 subsection 7b77#a71 & 7,b7 %all n be all[able to ! p]son describ$ 9 p>agraph 7#a74 7b7 ,paym5ts = c>bon capture 7#a7 ,9 g5]al ,9 ! case ( any facility = :i* c>bon capture equipm5t has be5 plac$ 9 s]vice1 ! ,secret>y %all make paym5ts 9 ! same mann] z if su* paym5t 0 a refund ( an ov]paym5t ( ! fee impos$ by section #dfib or #dfic4 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 7i7 ! c>bon fee rate dur+ ! ye> 9 :i* ! c>bon fee 0 impos$ by section #dfib on ! cov]$ fuel to :i* su* c>bon oxide relates1 or 7ii7 9 ! case ( a direct air capture facility 7z def9$ 9 section #de,q7e77#a771 ! c>bon fee rate dur+ ! ye> 9 :i* ! qualifi$ c>bon oxide 0 captur$ & dispos$ (1 us$1 or utiliz$4 7c7 ,approv$ uses ( qualifi$ c>bon oxide 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! ,secret>y1 9 consultation ) ,adm9i/rator & ! ,secret>y ( ,en]gy1 %all1 ?r\gh regulation or o!r public guidance1 det]m9e :i* uses ( qualifi$ c>bon oxide are eligible = paym5ts "u ?is section1 :i* may include-- 7,a7 utilization 9 a mann] describ$ 9 clause 7i7 or 7ii7 ( section #de,q7f77#e77;,a71 or 7,b7 any o!r use :i* ensures m9imal leakage or escape ( su* c>bon oxide4 7#b7 ,exclusion = enhanc$ oil or natural gas recov]y ,! sale or use ( qualifi$ c>bon oxide z a t]ti>y injectant 9 a qualifi$ enhanc$ oil or natural gas recov]y project 7z def9$ 9 section #de,q7e77#d77 %all n be eligible = paym5ts "u ?is section4 7d7 ,exception ,9 ! case ( any facility :i* is own$ by an entity t is det]m9$ to be-- 7#a7 9 violation ( any applicable air or wat] quality regulations1 or 7#b7 ) respect to any environm5tal ju/ice community 7z def9$ 9 section #b7;d77#a77;,d7 ( ! ,am]ica's ,clean ,future ,fund ,act71 creat+ heal? or environm5tal h>m to su* community1 su* facility %all n be eligible = any paym5t "u ?is section dur+ ! p]iod ( su* violation4 #dfie4 ,bord] adju/m5ts 7a7 ,9 g5]al ,! fees impos$ by1 & refunds all[$ "u1 ?is section %all be ref]r$ to z #8! c>bon bord] fee adju/m5t'4 7b7 ,exports 7#a7 ,c>bon-int5sive products ,9 ! case ( any c>bon-int5sive product :i* is export$ f ! ,unit$ ,/ates1 ! ,secret>y %all pay to ! p]son export+ su* product a refund equal to ! am\nt ( ! co/ ( su* product attributable to any fees impos$ "u ?is sub*apt] relat$ to ! manufactur+ ( su* product 7z det]m9$ "u regulations e/abli%$ by ! ,secret>y74 7#b7 ,cov]$ fuels ,9 ! case ( any cov]$ fuel :i* is export$ f ! ,unit$ ,/ates1 ! ,secret>y %all pay to ! p]son export+ su* fuel a refund equal to ! am\nt ( ! co/ ( su* fuel attributable to any fees impos$ "u ?is sub*apt] relat$ to ! use1 sale1 or transf] ( su* fuel4 7c7 ,imports 7#a7 ,c>bon-int5sive products 7,a7 ,imposition ( equival5cy fee ,9 ! case ( any c>bon-int5sive product import$ into ! ,unit$ ,/ates1 !re is impos$ an equival5cy fee on ! p]son import+ su* product 9 an am\nt equal to ! co/ ( su* product t w\ld be attributable to any fees impos$ "u ?is sub*apt] relat$ to ! manufactur+ ( su* product if any inputs or processes us$ 9 manufactur+ su* product 7 subject to su* fees 7z det]m9$ "u regulations e/abli%$ by ! ,secret>y74 7,b7 ,r$uction 9 fee ,! am\nt ( ! equival5cy fee "u subp>agraph 7,a7 %all be r$uc$ by ! am\nt1 if any1 ( any fees impos$ on ! c>bon-int5sive product by ! =eign nation or gov]nm5tal units f :i* su* product 0 import$4 7#b7 ,cov]$ fuels 7,a7 ,9 g5]al ,9 ! case ( any cov]$ fuel import$ into ! ,unit$ ,/ates1 !re is impos$ an equival5cy fee on ! p]son import+ su* fuel 9 an am\nt equal to ! am\nt ( any fees t w\ld be impos$ "u ?is sub*apt] relat$ to ! use1 sale1 or transf] ( su* fuel4 7,b7 ,r$uction 9 fee ,! am\nt ( ! fee "u subp>agraph 7,a7 %all be r$uc$ by ! am\nt1 if any1 ( any fees impos$ on ! cov]$ fuel by ! =eign nation or gov]nm5tal units f :i* ! fuel 0 import$4 7d7 ,treatm5t ( alt]native policies z fees ,"u regulations e/abli%$ by ! ,secret>y1 =eign policies t h sub/antially ! same effect 9 r$uc+ emissions ( gre5h\se gases z fees %all be treat$ z fees = purposes ( subsections 7b7 & 7c74 7e7 ,regulatory au?ority 7#a7 ,9 g5]al ,! ,secret>y %all consult ) ! ,adm9i/rator1 ! ,secret>y ( ,comm]ce1 & ! ,secret>y ( ,en]gy 9 e/abli%+ rules & regulations implem5t+ ! purposes ( ?is section4 7#b7 ,treaties ,! ,secret>y1 9 consultation ) ! ,secret>y ( ,/ate1 may adju/ ! applicable am\nts ( ! refunds & equival5cy fees "u ?is section 9 a mann] t is consi/5t ) any obligations ( ! ,unit$ ,/ates "u an int]national agreem5t4 4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to p]iods beg9n+ aft] ,decemb] #ca1 #bjbf4 #d4 ,am]ica's ,clean ,future ,fund 7a7 ,9 g5]al ,sub*apt] ,a ( *apt] #ih ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+3 #ieab4 ,am]ica's ,clean ,future ,fund 7a7 ,e/abli%m5t & fund+ ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a tru/ fund to be kn[n z ! ,am]ica's ,clean ,future ,fund 7ref]r$ to 9 ?is section z ! ,tru/ ,fund71 consi/+ ( su* am\nts z are appropriat$ to ! ,tru/ ,fund "u subsection 7b74 7b7 ,transf]s to ,am]ica's ,clean ,future ,fund ,!re is appropriat$ to ! ,tru/ ,fund1 out ( any funds 9 ! ,treasury n o!rwise appropriat$1 am\nts equal to ! fees receiv$ into ! ,treasury "u sections #dfib1 #dfic1 & #dfie1 less-- 7#a7 any am\nts refund$ or paid "u sections #dfib7;d71 #dfid1 & #dfie7;b71 & 7#b7 = ea* ( ! fir/ #ad fiscal ye>s beg9n+ aft] ,septemb] #cj1 #bjbg1 an am\nt equal to ! quoti5t (-- 7,a7 #ajj1jjj1jjj1jjj1 & 7,b7 #ad4 7c7 ,exp5ditures ,= ea* fiscal ye>1 am\nts 9 ! ,tru/ ,fund %all be apportion$ z foll[s3 7#a7 ,c>bon fee rebate & agricultural dec>bonization transition paym5ts 7,a7 ,c>bon fee rebate ,= ! purposes describ$ 9 section #e ( ! ,am]ica's ,clean ,future ,fund ,act & any exp5ses necess>y to adm9i/] su* section-- 7i7 = ea* ( ! fir/ #aj fiscal ye>s beg9n+ aft] ,septemb] #cj1 #bjbg1 an am\nt equal to-- 7,i7 #ge p]c5t ( ^? am\nts1 m9us 7,,ii7 ! am\nt det]m9$ "u subp>agraph 7,b7 = su* fiscal ye>1 & 7ii7 = any fiscal ye> beg9n+ aft] ! p]iod describ$ 9 clause 7i71 ! applicable p]c5tage ( su* am\nts4 7,b7 ,agricultural dec>bonization transition paym5ts ,= ! purposes describ$ 9 section #f ( ! ,am]ica's ,clean ,future ,fund ,act1 = ea* ( ! fir/ #aj fiscal ye>s beg9n+ aft] ,septemb] #cj1 #bjbg1 an am\nt equal to #g p]c5t ( ! am\nt det]m9$ annually "u subp>agraph 7,a77i77,i74 7,c7 ,applicable p]c5tage ,= purposes ( subp>agraph 7,a77ii71 ! applicable p]c5tage %all be equal to-- 7i7 = ! fir/ fiscal ye> beg9n+ aft] ! p]iod describ$ 9 subp>agraph 7,a77i71 #gf p]c5t1 7ii7 = ea* ( ! fir/ #c fiscal ye>s subsequ5t to ! p]iod describ$ 9 clause 7i71 ! applicable p]c5tage = ! prec$+ fiscal ye> increas$ by #a p]c5tage po9t1 & 7iii7 = any fiscal ye> subsequ5t to ! p]iod describ$ 9 clause 7ii71 #hj p]c5t4 7#b7 ,climate ,*ange ,f9ance ,corporation 7,a7 ,9 g5]al ,= ! purposes describ$ 9 section #b ( ! ,am]ica's ,clean ,future ,fund ,act 7includ+ any exp5ses necess>y to adm9i/] su* section71 ! applicable p]c5tage ( su* am\nts4 7,b7 ,applicable p]c5tage ,= purposes ( ?is p>agraph1 ! applicable p]c5tage %all be equal to-- 7i7 = ea* ( ! fir/ #aj fiscal ye>s beg9n+ aft] ! p]iod describ$ 9 subsection 7e7 ( su* section1 #ae p]c5t1 7ii7 = ea* ( ! fir/ #d fiscal ye>s subsequ5t to ! p]iod describ$ 9 clause 7i71 ! applicable p]c5tage = ! prec$+ fiscal ye> increas$ by #a p]c5tage po9t1 & 7iii7 = any fiscal ye> subsequ5t to ! p]iod describ$ 9 clause 7ii71 #bj p]c5t4 7#c7 ,transition assi/ance = impact$ communities 7,a7 ,9 g5]al ,= ! purposes describ$ 9 section #g ( ! ,am]ica's ,clean ,future ,fund ,act 7includ+ any exp5ses necess>y to adm9i/] su* section71 ! applicable p]c5tage ( su* am\nts4 7,b7 ,applicable p]c5tage ,= purposes ( ?is p>agraph1 ! applicable p]c5tage %all be equal to-- 7i7 = ea* ( ! fir/ #aj fiscal ye>s beg9n+ aft] ,septemb] #cj1 #bjbg1 #aj p]c5t1 7ii7 = ea* ( ! fir/ #d fiscal ye>s subsequ5t to ! p]iod describ$ 9 clause 7i71 ! applicable p]c5tage = ! prec$+ fiscal ye> r$uc$ by #b p]c5tage po9ts1 & 7iii7 = any fiscal ye> subsequ5t to ! p]iod describ$ 9 clause 7ii71 #j p]c5t4 4 7b7 ,cl]ical am5dm5t ,! table ( sections = sub*apt] ,a ( *apt] #ih ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #ieab4 ,am]ica's ,clean ,future ,fund4 4 #e4 ,am]ica's ,clean ,future ,fund ,/imulus 7a7 ,eligible individual 7#a7 ,9 g5]al ,9 ?is section1 ! t]m eligible individual means1 ) respect to any qu>t]1 any natural liv+ p]son-- 7,a7 :o has a valid ,social ,security numb] or taxpay] id5tification numb]1 7,b7 :o has atta9$ #ah ye>s ( age1 & 7,c7 ^: pr9cipal place ( abode is 9 ! ,unit$ ,/ates = m ?an "o-half ( ! mo/ rec5t taxable ye> = :i* a return has be5 fil$4 7#b7 ,v]ification ,! ,secret>y ( ! ,treasury1 or ! ,secret>y's delegate 7ref]r$ to 9 ?is section z ! ,secret>y7 may v]ify ! eligibility ( an individual to receive a c>bon fee rebate paym5t "u subsection 7b74 7b7 ,rebates ,subject to subsections 7c77#b7 & 7k71 f am\nts 9 ! ,am]ica's ,clean ,future ,fund e/abli%$ by section #ieab7;c77#a77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf t are available 9 any ye>1 ! ,secret>y %all1 = ea* cal5d> qu>t] beg9n+ aft] ,septemb] #cj1 #bjbg1 make c>bon fee rebate paym5ts to ea* eligible individual1 to be kn[n z ,am]ica's ,clean ,future ,fund ,/imulus paym5ts 7ref]r$ to 9 ?is section z c>bon fee rebate paym5ts74 7c7 ,pro-,rata %>e 7#a7 ,9 g5]al ,) respect to ea* qu>t] dur+ any fiscal ye> beg9n+ aft] ,septemb] #cj1 #bjbg1 ! c>bon fee rebate paym5t is #a pro-rata %>e = ea* eligible individual ( an am\nt equal to #be p]c5t ( am\nts apportion$ "u section #ieab7;c77#a77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf = su* fiscal ye>4 7#b7 ,initial annual rebate paym5ts 7,a7 ,9 g5]al ,f am\nts appropriat$ "u subsection 7j71 ! ,secret>y %all1 = ea* ( fiscal ye>s #bjbf & #bjbg1 make c>bon fee rebate paym5ts to ea* eligible individual dur+ ! ?ird qu>t] ( ea* su* fiscal ye>4 7,b7 ,pro-rata %>e ,= purposes ( ?is p>agraph1 ! c>bon fee rebate paym5t is #a pro-rata %>e = ea* eligible individual ( ! am\nt appropriat$ "u subsection 7j7 = ! fiscal ye>4 7#c7 ,e/imate ,= ea* fiscal ye> describ$ 9 p>agraph 7#a71 ! ,secret>y %all1 n lat] ?an ! fir/ day ( su* fiscal ye>1 publicly ann\nce an e/imate ( ! am\nt ( ! c>bon fee rebate paym5t = ea* qu>t] dur+ su* fiscal ye>4 7d7 ,phase\t 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,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 #icc ( ! ,int]nal ,rev5ue ,code ( #aihf4 7,b7 ,h\sehold memb] ,! t]m h\sehold memb] ( ! taxpay] means ! taxpay]1 ! taxpay]'s sp\se1 & any dep5d5t ( ! taxpay]4 7,c7 ,?re%old am\nt ,! t]m ?re%old am\nt means-- 7i7 #aej1jjj 9 ! case ( a taxpay] fil+ a jo9t return1 & 7ii7 #ge1jjj 9 ! case ( a taxpay] n fil+ a jo9t return4 7#b7 ,phase\t ( paym5ts ,9 ! case ( any taxpay] ^: modifi$ adju/$ gross income = ! mo/ rec5t taxable ye> = :i* a return has be5 fil$ exce$s ! ?re%old am\nt1 ! am\nt ( ! c>bon fee rebate paym5t o!rwise payable to any h\sehold memb] ( ! taxpay] "u ?is section %all be r$uc$ 7b n bel[ z]o7 by a doll> am\nt equal to #e p]c5t ( su* paym5t 7z det]m9$ be=e application ( ?is p>agraph7 = ea* #a1jjj 7or fraction !re(7 by :i* ! modifi$ adju/$ gross income ( ! taxpay] exce$s ! ?re%old am\nt4 7e7 ,fee treatm5t ( paym5ts ,am\nts paid "u ?is section %all n be includible 9 gross income = purposes ( ,f$]al income taxes4 7f7 ,f$]al programs & ,f$]al assi/$ programs ,! c>bon fee rebate paym5t 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$]al funds4 7g7 ,disclosure ( return in=mation ,section #fajc7l7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#bc7 ,disclosure ( return in=mation relat+ to c>bon fee rebate 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 #e ( ! ,am]ica's ,clean ,future ,fund ,act4 7,b7 ,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 su* section4 4 7h7 ,regulations ,! ,secret>y %all prescribe su* regulations1 & o!r guidance1 z may be necess>y to c>ry out ! purposes ( ?is section1 includ+-- 7#a7 e/abli%m5t ( rules = eligible individuals :o h n fil$ a rec5t tax return1 & 7#b7 9 coord9ation ) ! ,commission] ( ,social ,security1 ! ,secret>y ( ,vet]ans ,affairs1 & any relevant ,/ate ag5cies1 e/abli% me?ods to id5tify eligible individuals & provide c>bon fee rebate paym5ts to su* individuals ?r\gh appropriate means ( di/ribution1 includ+ ?r\gh ! use ( electronic b5efit transf] c>ds4 7i7 ,public aw>5ess campaign ,! ,secret>y %all conduct a public aw>5ess campaign1 9 coord9ation ) ! ,commission] ( ,social ,security1 ! heads ( o!r relevant ,f$]al ag5cies1 & ,indian ,tribes 7z def9$ 9 section #d ( ! ,indian ,self-,det]m9ation & ,education ,assi/ance ,act 7#be ,u4,s4,c4 #ecjd771 to provide in=mation to ! public reg>d+ ! availability ( c>bon fee rebate paym5ts "u ?is section4 7j7 ,initial appropriation ,= purposes ( subsection 7c77#b71 !re is appropriat$1 out ( any funds 9 ! ,treasury n o!rwise appropriat$1 to rema9 available until exp5d$-- 7#a7 = ! fiscal ye> end+ ,septemb] #cj1 #bjbf1 #cg1ejj1jjj1jjj1 & 7#b7 = ! fiscal ye> end+ ,septemb] #cj1 #bjbg1 #cg1ejj1jjj1jjj4 7k7 ,t]m9ation ,?is section %all n apply to any cal5d> qu>t] beg9n+ aft]-- 7#a7 a det]m9ation by ! ,secret>y "u section #dfib7;d77#c77;,b7 ( ! ,int]nal ,rev5ue ,code ( #aihf2 or 7#b7 any p]iod ( #h consecutive cal5d> qu>t]s = :i* ! am\nt ( c>bon fee rebate paym5t 7)\t application ( subsection 7d77 dur+ ea* su* qu>t] is less ?an #bj4 #f4 ,agricultural dec>bonization transition paym5ts 7a7 ,purposes ,! purposes ( ?is section are-- 7#a7 to provide transition assi/ance to eligible produc]s 9 ! agricultural sector to prep>e = & facilitate entry into gre5h\se gas cr$it m>kets2 & 7#b7 to provide = ! collection & report+ ( data "u subsection 7d74 7b7 ,def9itions ,9 ?is section3 7#a7 ,eligible l& ,! t]m eligible l& means l& 9 ! ,unit$ ,/ates1 includ+ t]ritories ( ! ,unit$ ,/ates & ,indian l& 7z def9$ 9 section #bfja ( ! ,en]gy ,policy ,act ( #aiib 7#be ,u4,s4,c4 #ceja771 t has a cropp+ or live/ock hi/ory dur+ ea* ( ! #c ye>s prec$+ ! date on :i* a paym5t is provid$ "u ! program ) respect to ! l&1 z det]m9$ by ! ,secret>y4 7#b7 ,eligible produc] ,! t]m eligible produc] means an individual or legal entity t-- 7,a7 is an own]1 op]ator1 or t5ant ( eligible l&2 & 7,b7 has ! ability to ent] into an agreem5t ) ! ,secret>y to c>ry out qualify+ actions describ$ 9 subsection 7c77#b7 "u ! program4 7#c7 ,gre5h\se gas emissions r$uction ,! t]m gre5h\se gas emissions r$uction means ! r$uction 9 gre5h\se gas emissions z a result ( ! adoption ( qualify+ actions describ$ 9 subsection 7c77#b71 z comp>$ to an hi/orical basel9e4 7#d7 ,program ,! t]m program means ! program e/abli%$ "u subsection 7c77#a74 7#e7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,agriculture4 7#f7 ,traditionally und]s]v$ ,! t]m traditionally und]s]v$1 ) respect to an eligible produc]1 means t ! eligible produc]-- 7,a7 has be5 socially or economically disadvantag$ by previ\s discrim9atory laws or policies bas$ on race1 e?nicity1 or disability2 7,b7 is new to agriculture1 z det]m9$ by ! ,secret>y2 7,c7 7i7 has s]v$ 9 ! ,unit$ ,/ates ,arm$ ,=ces2 & 7ii7 7,i7 has n op]at$ an agriculture op]ation2 7,,ii7 is new to agriculture1 z det]m9$ by ! ,secret>y2 or 7,,iii7 fir/ obta9$ vet]an /atus dur+ ! previ\s #e-ye> p]iod2 7,d7 is an own]1 op]ator1 or t5ant ( a limit$ res\rce agriculture op]ation2 or 7,e7 has a h\sehold income n great] ?an ! national pov]ty level4 7c7 ,e/abli%m5t ( program 7#a7 ,9 g5]al ,! ,secret>y %all e/abli% a program to provide paym5ts to eligible produc]s t w assi/ ) r$uc+ gre5h\se gas emissions ?r\gh ! adoption ( qualify+ actions describ$ 9 p>agraph 7#b74 7#b7 ,qualify+ actions 7,a7 ,9 g5]al ,! ,secret>y %all det]m9e actions t qualify = paym5ts "u ! program4 7,b7 ,requirem5ts ,to be a qualify+ action "u subp>agraph 7,a71 an action %all be-- 7i7 a climate-sm>t practice1 includ+-- 7,i7 a practice det]m9$ by a l&-grant college or univ]sity 7z def9$ 9 section #adjd ( ! ,national ,agricultural ,rese>*1 ,ext5sion1 & ,tea*+ ,policy ,act ( #aigg 7#g ,u4,s4,c4 #cajc772 or 7,,ii7 climate-sm>t en]gy g5]ation1 fuel+1 or effici5cy2 & 7ii7 measurable1 reportable1 & v]ifiable = r$uc+ gre5h\se gas emissions1 z det]m9$ by ! ,secret>y4 7#c7 ,consid]ations ,9 det]m9+ ! rate & duration ( a paym5t "u p>agraph 7#a71 ! ,secret>y %all consid]-- 7,a7 ! degree ( additionality ( ! gre5h\se gas emissions r$uction2 7,b7 :e!r ! recipi5t ( ! paym5t 0 an e>ly adopt] ( #a or m practices t r$uce gre5h\se gas emissions2 7,c7 ! likelihood t ! applicable qualify+ action describ$ 9 p>agraph 7#b7 w\ld h be5 c>ri$ out abs5t ! provision ( ! paym5t2 7,d7 ! degree ( transitionality or p]man5ce ( ! gre5h\se gas emissions r$uction2 7,e7 :e!r ! applicable qualify+ action describ$ 9 p>agraph 7#b7 provides multiple environm5tal & heal? co-b5efits 9 addition to r$uc$ gre5h\se gas emissions2 7,f7 ! degree to :i* ! recipi5t ( ! paym5t is a traditionally und]s]v$ eligible produc]2 7,g7 ! integration ) & enhancem5t ( paym5ts & policies ( simil> ,f$]al1 ,/ate1 or local programs2 & 7,h7 any paym5ts receiv$1 or to be receiv$1 by ! applicable eligible produc] f a simil> ,f$]al1 ,/ate1 or local program = applicable qualify+ actions describ$ 9 p>agraph 7#b74 7#d7 ,ineligibility ,a p]son t is det]m9$ to be 9 violation ( any applicable wat] or air quality regulation1 includ+ "u ! ,f$]al ,wat] ,pollution ,control ,act 7#cc ,u4,s4,c4 #abea et seq47 7includ+ regulations71 %all n be eligible = any paym5t "u p>agraph 7#a7 dur+ ! p]iod ( ! violation4 7#e7 ,effectiv5ess ,! au?ority to provide paym5ts "u ?is subsection %all be effective = ea* ( ! fir/ #aj fiscal ye>s beg9n+ aft] ,septemb] #cj1 #bjbf4 7d7 ,collection ( data & report+ 7#a7 ,measurem5t sy/em ,! ,secret>y %all use an outcomes-bas$ measurem5t sy/em t uses ! be/ available sci5ce & te*nology = co/-effective recordkeep+1 model+1 & measurem5t ( f>m-level gre5h\se gas emissions on eligible l& enroll$ 9 ! program4 7#b7 ,inv5tory 7,a7 ,9 g5]al ,= ! purposes ( provid+ paym5ts "u ! program1 ! ,secret>y %all conduct a nationwide soil heal? & agricultural gre5h\se gas emissions inv5tory t uses ! be/ available sci5ce & data to e/abli% basel9es & expect$ av]age p]=mance = soil c>bon drawd[n & /orage & gre5h\se gas emissions r$uction by prim>y production type & production region4 7,b7 ,database ,! ,secret>y %all-- 7i7 e/abli% an accessible & int]op]able database = ! inv5tory e/abli%$ "u subp>agraph 7,a7 us+ ! measurem5t sy/em e/abli%$ "u p>agraph 7#a72 & 7ii7 improve & update ! database z new data is collect$1 b n less frequ5tly ?an once e #b ye>s4 7#c7 ,crit]ia 7,a7 ,9 g5]al ,! ,secret>y %all e/abli% crit]ia = paym5ts "u ! program to in=m policy & m>kets e/abli%$ to promote gre5h\se gas emissions r$uctions4 7,b7 ,requirem5ts ,! crit]ia e/abli%$ "u subp>agraph 7,a7 %all-- 7i7 h a docum5t$ likelihood ( provid+ long-t]m net gre5h\se gas emissions r$uctions1 accord+ to ! be/ available sci5ce2 7ii7 be bas$ 9 "p on environm5tal impact model+ ( ! *anges ( %ift+ f basel9e practices to new or improv$ practices2 & 7iii7 prev5t1 to ! maximum ext5t practicable1 ! degradation ( o!r natural res\rce or environm5tal conditions4 7#d7 ,measurem5t1 report+1 monitor+1 & v]ification s]vices 7,a7 ,9 g5]al ,! ,secret>y-- 7i7 %all provide s]vices describ$ 9 subp>agraph 7,b7 to eligible produc]s p>ticipat+ 9 ! program2 & 7ii7 may approve & provide ov]sight ( #a or m ?ird-p>ty ag5ts to provide s]vices describ$ 9 subp>agraph 7,b7 to eligible produc]s p>ticipat+ 9 ! program4 7,b7 ,s]vices describ$ ,s]vices ref]r$ to 9 subp>agraph 7,a7 are det]m9+ ! gre5h\se gas emissions r$uction by-- 7i7 measurem5t2 7ii7 report+2 7iii7 monitor+2 & 7iv7 v]ification4 7,c7 ,use ( protocols ,s]vices ref]r$ to 9 subp>agraph 7,a7 %all be provid$ us+-- 7i7 ! measurem5t sy/em describ$ 9 p>agraph 7#a72 & 7ii7 ! crit]ia describ$ 9 p>agraph 7#c74 7,d7 ,privacy & data security 7i7 ,9 g5]al ,! ,secret>y %all e/abli%-- 7,i7 safegu>ds to protect ! privacy ( in=mation t is submitt$ ?r\gh or reta9$ by a ?ird-p>ty ag5t approv$ "u subp>agraph 7,a71 includ+ employees & contractors ( ! ?ird-p>ty ag5t2 & 7,,ii7 su* o!r rules & /&>ds ( data security z ! ,secret>y det]m9es to be appropriate to c>ry out ?is subsection4 7ii7 ,p5alties ,! ,secret>y %all e/abli% p5alties = any violations ( privacy or confid5tiality "u clause 7i74 7,e7 ,disclosure ( in=mation 7i7 ,public disclosure ,in=mation collect$ = purposes ( s]vices provid$ "u subp>agraph 7,a7 may be disclos$ to ! public-- 7,i7 if ! in=mation is trans=m$ into a /ati/ical or aggregate =m su* t ! in=mation does n include any id5tifiable or p]sonal in=mation ( individual produc]s2 or 7,,ii7 9 a =m t may include id5tifiable or p]sonal in=mation ( a produc] only if t produc] cons5ts to ! disclosure ( ! in=mation4 7ii7 ,rese>*1 audit1 & program improvem5t ,in=mation collect$ = ! purposes ( s]vices provid$ "u subp>agraph 7,a7 may be disclos$ = ! purposes ( provid+ te*nical assi/ance1 includ+ audit1 rese>*1 or improvem5t ( a program "u ?is section1 ei!r 9 aggregate or 9 a =m t includes id5tifiable or p]sonal in=mation ( a produc]1 if ! ,secret>y obta9s adequate assurances t-- 7,i7 ! recipi5t %all ensure privacy safegu>ds ( id5tifiable or p]sonal in=mation ( a produc]2 & 7,,ii7 ! release ( any data to ! public w only occur only if ! data has be5 trans=m$ into a /ati/ical or aggregate =m4 7e7 ,regulations ,n lat] ?an ,july #a1 #bjbf1 ! ,secret>y %all promulgate regulations to c>ry out ?is section1 includ+-- 7#a7 ! am\nt ( a paym5t "u subsection 7c71 :i* %all be bas$ on-- 7,a7 ! quantity ( ,,co#b-;e r$uc$2 & 7,b7 ! consid]ations describ$ 9 subsection 7c77#c72 7#b7 a me?odology t any ?ird-p>ty ag5ts approv$ "u subsection 7d77#d77;,a77ii7 %all use to provide ! s]vices "u t subsection1 includ+-- 7,a7 an accr$itation process2 & 7,b7 a conflict ( int]e/ policy2 & 7#c7 provisions = ! own]%ip & transportability ( data1 includ+ hi/orical data1 g5]at$ by an eligible produc] = ! purpose ( det]m9+ eligibility = paym5ts "u ! program4 #g4 ,transition assi/ance = impact$ communities 7a7 ,def9itions ,9 ?is section3 7#a7 ,indian tribe ,! t]m ,indian ,tribe has ! mean+ giv5 ! t]m 9 section #d ( ! ,indian ,self-,det]m9ation & ,education ,assi/ance ,act 7#be ,u4,s4,c4 #ecjd74 7#b7 ,individual ) a b>ri] to employm5t ,! t]m individual ) a b>ri] to employm5t has ! mean+ giv5 ! t]m 9 section #c ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #cajb74 7#c7 ,in/itution ( high] education ,! t]m in/itution ( high] education has ! mean+ giv5 ! t]m 9 section #aja ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja74 7#d7 ,local bo>d ,! t]m local bo>d has ! mean+ giv5 ! t]m 9 section #c ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #cajb74 7#e7 ,recogniz$ po/second>y cr$5tial ,! t]m recogniz$ po/second>y cr$5tial has ! mean+ giv5 ! t]m 9 section #c ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #cajb74 7#f7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,comm]ce1 act+ ?r\gh ! ,assi/ant ,secret>y ( ,comm]ce = ,economic ,developm5t4 7#g7 ,/ate ,! t]m ,/ate means-- 7,a7 a ,/ate2 7,b7 ! ,di/rict ( ,columbia2 7,c7 ! ,commonweal? ( ,pu]to ,rico2 & 7,d7 any o!r t]ritory or possession ( ! ,unit$ ,/ates4 7#h7 ,/ate bo>d ,! t]m ,/ate bo>d has ! mean+ giv5 ! t]m 9 section #c ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #cajb74 7#i7 ,supportive s]vices ,! t]m supportive s]vices has ! mean+ giv5 ! t]m 9 section #c ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #cajb74 7b7 ,grants ,! ,secret>y1 9 coord9ation ) ! ,secret>y ( ,labor1 %all provide grants to eligible entities to assi/ 9 ! transition to a l[- or z]o-gre5h\se gas emitt+ economy4 7c7 ,eligible entities ,an entity eligible to receive a grant "u ?is section is a labor organization1 an in/itution ( high] education1 a unit ( ,/ate or local gov]nm5t1 an ,indian ,tribe1 an economic developm5t organization1 a nonpr(it organization1 community-bas$ organization1 or int]m$i>y1 or a ,/ate bo>d or local bo>d t s]ves or is locat$ 9 a community t-- 7#a7 z det]m9$ by ! ,secret>y1 9 coord9ation ) ! ,secret>y ( ,labor1 has be5 or w be impact$ by economic *anges 9 c>bon-int5sive indu/ries1 includ+ 9 an en]gy community 7z def9$ 9 section #de7;b77#aa7 ( ! ,int]nal ,rev5ue ,code ( #aihf72 7#b7 z det]m9$ by ! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 has be5 or is at risk ( be+ impact$ by extreme wea!r ev5ts1 sea level rise1 & natural disa/]s relat$ to climate *ange2 or 7#c7 z det]m9$ by ! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 has be5 impact$ by h>mful residuals f a fossil fuel or c>bon-int5sive indu/ry4 7d7 ,use ( funds ,an eligible entity t receives a grant "u ?is section %all use ! grant =-- 7#a7 economic & work=ce developm5t activities1 su* z-- 7,a7 job creation2 7,b7 provid+ reemploym5t & work] transition assi/ance1 includ+ regi/]$ appr5tice%ips1 subsidiz$ employm5t1 job tra9+1 transitional jobs1 & supportive s]vices1 ) priority giv5 to-- 7i7 work]s impact$ by *anges 9 c>bon-int5sive indu/ries2 7ii7 individuals ) a b>ri] to employm5t2 & 7iii7 programs t lead to a recogniz$ po/second>y cr$5tial2 7,c7 local & regional inve/m5t1 includ+ comm]cial & indu/rial economic div]sification2 7,d7 export promotion2 & 7,e7 e/abli%m5t ( a mon?ly subsidy paym5t = work]s :o retire e>ly due to economic *anges 9 c>bon-int5sive indu/ries2 7#b7 climate *ange resili5cy1 su* z-- 7,a7 build+ electrical1 communications1 utility1 transportation1 & o!r infra/ructure 9 flood-prone areas above flood zone levels2 7,b7 build+ flood & /ormpro(+ measures 9 flood-prone areas & erosion-prone areas2 7,c7 increas+ ! resili5ce ( a surface transportation infra/ructure asset to )/& extreme wea!r ev5ts & climate *ange impacts2 7,d7 improv+ /ormwat] infra/ructure2 7,e7 increas+ ! resili5ce ( agriculture to extreme wea!r2 7,f7 ecological re/oration2 7,g7 increas+ ! resili5ce ( =e/s to wildfires2 7,h7 increas+ coa/al resili5ce2 & 7,i7 implem5t+ heat isl& cool+ /rategies2 7#c7 environm5tal rem$iation & re/oration projects ( fossil fuel indu/ry facilities t are ab&on$ or retir$1 or clos$ due to bankruptcy1 & residuals f c>bon-int5sive indu/ries1 su* z-- 7,a7 coal a% & petroleum coke cleanup2 7,b7 m9e reclamation2 7,c7 reclamation & plugg+ ( ab&on$ oil & natural gas wells on private & public l&2 & 7,d7 rem$iation ( impair$ wat]ways & dr9k+ wat] res\rces2 or 7#d7 o!r activities z ! ,secret>y1 9 coord9ation ) ! ,secret>y ( ,labor1 ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 det]m9es to be appropriate4 7e7 ,requirem5ts 7#a7 ,labor /&>ds2 nondiscrim9ation ,an eligible entity t receives a grant "u ?is section %all use ! funds 9 a mann] consi/5t ) sections #aha & #ahh ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #cbda1 #cbdh74 7#b7 ,wage rate requirem5ts 7,a7 ,9 g5]al ,all labor]s & me*anics employ$ by eligible entities to c>ry out projects & activities fund$ directly by or assi/$ 9 :ole or 9 "p by a grant "u ?is section %all be paid at 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 ,code 7commonly kn[n z ! ,davis-,bacon ,act74 7,b7 ,au?ority ,) respect to ! labor /&>ds specifi$ 9 subp>agraph 7,a71 ! ,secret>y ( ,labor %all h ! au?ority & functions set =? 9 ,reorganization ,plan ,no4 #ad ( #aiej 7#fd ,/at4 #abfg2 #e ,u4,s4,c4 ,app47 & section #cade ( title #dj1 ,unit$ ,/ates ,code4 7#c7 ,buy ,am]ica requirem5ts 7,a7 ,9 g5]al ,all iron1 /eel1 & manufactur$ goods us$ = projects & activities c>ri$ out ) a grant "u ?is section %all be produc$ 9 ! ,unit$ ,/ates4 7,b7 ,waiv] ,! ,secret>y may waive ! requirem5t 9 subp>agraph 7,a7 if ! ,secret>y f9ds t-- 7i7 en=c+ ! requirem5t w\ld be inconsi/5t ) ! public int]e/2 7ii7 ! iron1 /eel1 & manufactur$ goods produc$ 9 ! ,unit$ ,/ates are n produc$ 9 a suffici5t & reasonably available am\nt or are n ( a satisfactory quality2 or 7iii7 en=c+ ! requirem5t w increase ! ov]all co/ ( ! project or activity by m ?an #be p]c5t4 7f7 ,coord9ation ,an eligible entity t receives a grant "u ?is section is enc\rag$ to collaborate or p>tn] ) o!r eligible entities & impact$ communities 9 plann+ & c>ry+ out activities ) t grant4 7g7 ,report ,n lat] ?an #c ye>s aft] ! date on :i* ! ,secret>y e/abli%es ! grant program "u ?is section1 ! ,secret>y & ! ,secret>y ( ,labor %all submit to ,congress a report on ! effectiv5ess ( ! grant program1 includ+-- 7#a7 ! numb] ( individuals t h receiv$ reemploym5t or work] transition assi/ance "u ?is section2 7#b7 a description ( any job creation activities c>ri$ out ) a grant "u ?is section & ! numb] ( jobs creat$ f ^? activities2 7#c7 ! p]c5tage ( individuals t h receiv$ reemploym5t or work] transition assi/ance "u ?is section :o are1 dur+ ! second & f\r? qu>t]s aft] exit+ ! program-- 7,a7 9 education or tra9+ activities2 or 7,b7 employ$2 7#d7 ! av]age wages ( individuals t h receiv$ reemploym5t or work] transition assi/ance "u ?is section dur+ ! second & f\r? qu>t]s aft] exit f ! program2 7#e7 a description ( any regional inve/m5t activities c>ri$ out ) a grant "u ?is section2 7#f7 a description ( any export promotion activities c>ri$ out ) a grant "u ?is section1 includ+-- 7,a7 a description ( ! products promot$2 & 7,b7 an analysis ( any increase 9 exports z a result ( ! promotion2 7#g7 a description ( any resili5ce activities c>ri$ out ) a grant "u ?is section2 7#h7 a description ( any cleanup activities f fossil fuel indu/ry facilities or c>bon-int5sive indu/ries c>ri$ out ) a grant "u ?is section2 & 7#i7 ! di/ribution ( fund+ among geographic & socioeconomic gr\ps1 includ+ urban & rural communities1 l[-income communities1 communities ( color1 & ,indian ,tribes4 7h7 ,fund+ 7#a7 ,initial fund+ ,!re is appropriat$ to ! ,secret>y1 out ( any funds 9 ! ,treasury n o!rwise appropriat$1 #e1jjj1jjj1jjj = ea* ( fiscal ye>s #bjbf & #bjbg to c>ry out ?is section1 to rema9 available until exp5d$4 7#b7 ,am]ica's ,clean ,future ,fund ,! ,secret>y %all c>ry out ?is section us+ am\nts made available f ! ,am]ica's ,clean ,future ,fund "u section #ieab ( ! ,int]nal ,rev5ue ,code ( #aihf 7z add$ by section #d74 #h4 ,/udy on c>bon pric+ 7a7 ,9 g5]al ,n lat] ?an ,janu>y #a1 #bjbi1 ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy 7ref]r$ to 9 ?is section z ! ,adm9i/rator7 %all seek to ent] into an agreem5t ) ! ,national ,academy ( ,sci5ces "u :i* ! ,national ,academy ( ,sci5ces %all c>ry out a /udy n less frequ5tly ?an once e #e ye>s to evaluate ! effectiv5ess ( ! fees e/abli%$ "u sections #dfib & #dfic ( ! ,int]nal ,rev5ue ,code ( #aihf 9 a*iev+ ! foll[+ goals3 7#a7 ,a net r$uction ( gre5h\se gas emissions by #de p]c5t1 bas$ on #bjah levels1 by #bjcj4 7#b7 ,a net r$uction ( gre5h\se gas emissions by #ajj p]c5t1 bas$ on #bjah levels1 by #bjej4 7b7 ,requirem5ts ,9 execut+ ! agreem5t "u subsection 7a71 ! ,adm9i/rator %all ensure t1 9 c>ry+ out a /udy "u t subsection1 ! ,national ,academy ( ,sci5ces-- 7#a7 includes an evaluation (-- 7,a7 total annual gre5h\se gas emissions by ! ,unit$ ,/ates1 includ+ gre5h\se gas emissions n subject to ! fees describ$ 9 t subsection2 7,b7 ! hi/oric tr5ds 9 ! total gre5h\se gas emissions evaluat$ "u subp>agraph 7,a72 & 7,c7 ! impacts ( ! fees e/abli%$ "u sections #dfib & #dfic ( ! ,int]nal ,rev5ue ,code ( #aihf on *anges 9 ! levels ( fossil fuel-relat$ localiz$ air pollutants 9 environm5tal ju/ice communities 7z def9$ 9 section #b7;e77#a772 7#b7 analyzes ! ext5t to :i* gre5h\se gas emissions h be5 or w\ld be r$uc$ z a result ( curr5t & pot5tial future policies1 includ+-- 7,a7 a projection ( gre5h\se gas emissions r$uctions t w\ld result if ! regulations ( ! ,adm9i/rator 7 to be adju/$ to impose /rict] limits on gre5h\se gas emissions ?an ! goals describ$ 9 t subsection1 ) a p>ticul> focus on gre5h\se gas emissions n subject to ! fees describ$ 9 t subsection2 7,b7 ! /atus ( gre5h\se gas emissions r$uctions t result f ! fees e/abli%$ "u sections #dfib & #dfic ( ! ,int]nal ,rev5ue ,code ( #aihf2 7,c7 a projection ( gre5h\se gas emissions r$uctions t w\ld result if ! fees e/abli%$ "u ^? sections 7 annually increas$-- 7i7 at ! curr5t price pa?2 & 7ii7 above ! curr5t price pa?2 7,d7 an analysis ( gre5h\se gas emissions r$uctions t result f ! policies ( ,/ates1 units ( local gov]nm5t1 ,tribal communities1 & ! private sector2 & 7,e7 ! /atus & projections ( dec>bonization 9 o!r major economies2 & 7#c7 submits a report to ! ,adm9i/rator1 ,congress1 & ! ,bo>d ( ,directors ( ! ,climate ,*ange ,f9ance ,corporation describ+ ! results ( ! /udy4 #i4 ,e/abli%m5t ( t>gets = c>bon seque/ration by l& & wat] 7a7 ,9 g5]al ,! ,*air ( ! ,c\ncil on ,environm5tal ,quality1 9 consultation ) ! ,secret>ies ( ,agriculture1 ,comm]ce1 & ! ,int]ior1 ! ,*ief ( ,eng9e]s1 & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all-- 7#a7 e/abli% a t>get = c>bon seque/ration t c reasonably be a*iev$ ?r\gh enhanc+ ! ability ( public & private l& & wat] to function z natural c>bon s9ks2 7#b7 develop /rategies = meet+ t t>get2 & 7#c7 develop /rategies to exp& protections = ecosy/ems t seque/] c>bon & provide resili5cy b5efits1 su* z-- 7,a7 flood protection2 7,b7 soil & bea* ret5tion2 7,c7 erosion r$uction2 7,d7 biodiv]sity2 7,e7 wat] purification2 & 7,f7 nutri5t cycl+4 7b7 ,report ,z soon z practicable aft] ! date ( enactm5t ( ?is ,act1 ! ,*air ( ! ,c\ncil on ,environm5tal ,quality %all submit to ,congress a report describ+-- 7#a7 ! t>get & /rategies describ$ 9 p>agraphs 7#a7 ?r\gh 7#c7 ( subsection 7a72 & 7#b7 any additional /atutory au?orities or au?oriz$ fund+ levels ne$$ to successfully implem5t ^? /rategies4