Polluters Pay Climate Fund Act of 2024
The Polluters Pay Climate Fund Act of 2024 imposes a tax on fossil fuel companies based on historical carbon emissions exceeding 1 billion metric tons during 2000-2022. The tax revenue will fund a new Climate Fund to support climate resilience projects, disaster response, and environmental justice initiatives, with 40% of resources required for environmental justice communities. The bill mandates specific minimum funding levels for FEMA climate disaster programs and Clean Air Act environmental programs. The legislation explicitly states it does not affect existing legal claims against polluters or preempt state climate regulations.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
President
Introduced Sep 12, 2024
Last action Sep 12, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 12, 2024
Committee
Read twice and referred to the Committee on Finance.
upper
Sep 12, 2024
Introduced
Introduced in Senate
upper
1 primary · 6 co-sponsors
Sponsors
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