AN ACT CREATING A CLIMATE CHANGE SUPERFUND.
SB 1199 requires companies significantly responsible for greenhouse gas emissions to pay damages recovered through legal action. The funds would cover climate change mitigation, resilience, and adaptation efforts, with 40% specifically directed to environmental justice communities. The bill creates a dedicated fund to finance these climate initiatives rather than relying on general tax revenue. It directly affects major polluters by imposing financial responsibility and targets climate support to communities most impacted by environmental harm.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2025
Last action Jan 30, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
Jan 30, 2025
Committee
REF. TO JOINT COMM. ON Environment
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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