I 

111TH CONGRESS 

1ST SESSION H. R. 1337 

To amend the Internal Revenue Code of 1986 to reduce carbon dioxide 

emissions in the United States domestic energy supply. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 5, 2009 

Mr. LARSON of Connecticut (for himself, Mr. GEORGE MILLER of California, 

Mr. MCDERMOTT, Mr. BLUMENAUER, Mr. HOLT, Mr. WU, and Mr. 

MORAN of Virginia) introduced the following bill; which was referred to 

the Committee on Ways and Means, and in addition to the Committee 

on Foreign Affairs, for a period to be subsequently determined by the 

Speaker, in each case for consideration of such provisions as fall within 

the jurisdiction of the committee concerned 

A BILL 

To amend the Internal Revenue Code of 1986 to reduce 

carbon dioxide emissions in the United States domestic 

energy supply. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘America’s Energy Se5 curity Trust Fund Act of 2009’’. 


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1 SEC. 2. TAX ON CARBON DIOXIDE CONTENT OF CERTAIN 

2 SUBSTANCES. 

3 (a) IN GENERAL.—Chapter 38 of the Internal Rev4 enue Code of 1986 (relating to environmental taxes) is 

5 amended by adding at the end thereof the following new 

6 subchapter: 

7 ‘‘Subchapter E—Tax on Carbon Dioxide 

8 Content of Certain Substances 

‘‘Sec. 4691. Imposition of tax. 

‘‘Sec. 4692. Refunds or credits. 

‘‘Sec. 4693. Border adjustments. 

‘‘Sec. 4694. Definitions and special rules. 

9 ‘‘SEC. 4691. IMPOSITION OF TAX. 

10 ‘‘(a) IN GENERAL.—There is hereby imposed a tax 

11 on any taxable carbon substance sold by the manufacturer, 

12 producer, or importer thereof. 

13 ‘‘(b) AMOUNT OF TAX.— 

14 ‘‘(1) IN GENERAL.—The amount of tax imposed 

15 by subsection (a) on any taxable carbon substance 

16 shall be the applicable amount per ton of carbon di17 oxide content of such substance, as determined by 

18 the Secretary in consultation with the Secretary of 

19 Energy. 

20 ‘‘(2) FRACTIONAL PART OF TON.—In the case 

21 of a fraction of a ton, the tax imposed by subsection 

22 (a) shall be the same fraction of the amount of such 

23 tax imposed on a whole ton. 


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1 ‘‘(3) APPLICABLE AMOUNT.—For purposes of 

2 paragraph (1)— 

3 ‘‘(A) CALENDAR YEAR 2009.—The applica4 ble amount for calender year 2009 is $15. 

5 ‘‘(B) YEARS AFTER 2009.— 

6 ‘‘(i) IN GENERAL.—Except as pro7 vided in clause (ii), for a calendar year 

8 after 2009, the applicable amount is the 

9 sum of— 

10 ‘‘(I) the amount in effect under 

11 this paragraph for the preceding cal12 endar year, plus 

13 ‘‘(II) $10. 

14 ‘‘(ii) EXCEPT FOR CARBON EMISSIONS

15 TARGET NONATTAINMENT YEAR.—Effec16 tive for any carbon emissions target non17 attainment year with respect to which 

18 there is in effect pursuant to subparagraph 

19 (C) a carbon emissions target for the sec20 ond preceding calender year— 

21 ‘‘(I) IN GENERAL.—If any cal22 endar year is a carbon emissions tar23 get nonattainment year, the applicable 

24 amount for such year shall be deter25 mined under clause (i) by substituting 


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1 ‘$15’ for ‘$10’ in subclause (II) there2 of. 

3 ‘‘(II) CARBON EMISSION TARGET

4 NONATTAINMENT YEAR.—For pur5 poses of subclause (I), a calendar year 

6 is a carbon emissions target non7 attainment year if the total carbon 

8 emissions in the United States for the 

9 second preceding calendar year exceed 

10 the targets established under subpara11 graph (C) for such second preceding 

12 calendar year. 

13 ‘‘(C) EMISSIONS TARGETS.— 

14 ‘‘(i) IN GENERAL.—Not later than 30 

15 days after the date of the enactment of 

16 this section, the Administrator of the Envi17 ronmental Protection Agency shall submit 

18 to the Secretary and the Congress emis19 sions targets for carbon dioxide. Such tar20 gets shall— 

21 ‘‘(I) be designed to achieve a car22 bon emissions level in the United 

23 States at the end of calendar year 

24 2050 of 20 percent of the level of carVerDate Nov 24 2008 01:07 Mar 07, 2009 Jkt 079200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H1337.IH H1337

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1 bon emissions in the United States in 

2 calendar year 2005, and 

3 ‘‘(II) shall take effect beginning 

4 with the first calendar year beginning 

5 after 5 years after the date of enact6 ment of this section. 

7 ‘‘(ii) EMISSIONS REPORTING.—Not 

8 later than January 31 of any calendar 

9 year, the Administrator of the Environ10 mental Protection Agency shall submit a 

11 report to the Secretary and Congress of 

12 the total carbon emissions for the pre13 ceding calendar year. 

14 ‘‘(c) SUBSTANCE TAXED ONLY ONCE.—No tax shall 

15 be imposed by subsection (a) with respect to a taxable car16 bon substance if the person who would be liable for such 

17 tax establishes that a prior tax imposed by such section 

18 has been imposed with respect to such product. 

19 ‘‘SEC. 4692. REFUNDS OR CREDITS. 

20 ‘‘(a) SEQUESTERED CARBON.—Under regulations 

21 prescribed by the Secretary, if a person uses a taxable car22 bon substance as a feedstock so that the carbon associated 

23 with such substance will not be emitted, then an amount 

24 equal to the amount of tax in effect under section 4691(b) 

25 with respect to such substance for the calendar year in 


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1 which such use begins shall be allowed as a credit or re2 fund (without interest) to such person in the same manner 

3 as if it were an overpayment of tax imposed by section 

4 4691. 

5 ‘‘(b) OFFSET PROJECTS.— 

6 ‘‘(1) IN GENERAL.—Not later than 1 year after 

7 the date of the enactment of this Act, the Secretary, 

8 in consultation with the Secretary of Energy, shall 

9 conduct a study and submit a report to the Congress 

10 of qualified offset projects. 

11 ‘‘(2) QUALIFIED OFFSET PROJECT.—For pur12 poses of paragraph (1), the term ‘qualified offset 

13 project’ means a project carried out in the United 

14 States that— 

15 ‘‘(A) reduces greenhouse gas emissions, 

16 ‘‘(B) sequesters a greenhouse gas, or 

17 ‘‘(C) destroys hydrofluorocarbons. 

18 ‘‘(3) EXCEPTION.—Such term does not include 

19 a project that involves enhanced oil recovery. 

20 ‘‘(c) PREVIOUSLY TAXED CARBON SUBSTANCES

21 USED TO MAKE ANOTHER TAXABLE CARBON SUB22 STANCE.—Under regulations prescribed by the Secretary, 

23 if— 

24 ‘‘(1) a tax under section 4691 was paid with re25 spect to any taxable carbon substance, and 


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1 ‘‘(2) such substance was used by any person in 

2 the manufacture or production of any other sub3 stance which is a taxable carbon substance, 

4 then an amount equal to the tax so paid shall be allowed 

5 as a credit or refund (without interest) to such person in 

6 the same manner as if it were an overpayment of tax im7 posed by subsection (a). In any case to which this para8 graph applies, the amount of any such credit or refund 

9 shall not exceed the amount of tax imposed by subsection 

10 (a) on the other taxable fuel manufactured or produced 

11 (or which would have been imposed by such subsection on 

12 such other fuel but for subsection (c)). 

13 ‘‘(d) EXEMPTION FOR EXPORTS.— 

14 ‘‘(1) TAX-FREE SALES.— 

15 ‘‘(A) IN GENERAL.—No tax shall be im16 posed under subsection (a) on the sale by the 

17 manufacturer or producer of any taxable carbon 

18 substance for export or for resale by the pur19 chaser to a second purchaser for export. 

20 ‘‘(B) PROOF OF EXPORT REQUIRED.— 

21 Rules similar to the rules of section 4221(b) 

22 shall apply for purposes of subparagraph (A). 

23 ‘‘(2) CREDIT OR REFUND WHERE TAX PAID.— 

24 ‘‘(A) IN GENERAL.—Except as provided in 

25 subparagraph (B), if— 


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1 ‘‘(i) tax under subsection (a) was paid 

2 with respect to any taxable carbon sub3 stance, and 

4 ‘‘(ii)(I) such substance was exported 

5 by any person, or 

6 ‘‘(II) such substance was used as a 

7 material in the manufacture or production 

8 of a taxable carbon substance which was 

9 exported by any person and which, at the 

10 time of export, was a taxable carbon sub11 stance, 

12 credit or refund (without interest) of such tax 

13 shall be allowed or made to the person who paid 

14 such tax. 

15 ‘‘(B) CONDITION TO ALLOWANCE.—No 

16 credit or refund shall be allowed or made under 

17 subparagraph (A) unless the person who paid 

18 the tax establishes that he— 

19 ‘‘(i) has repaid or agreed to repay the 

20 amount of the tax to the person who ex21 ported the taxable carbon substance, or 

22 ‘‘(ii) has obtained the written consent 

23 of such exporter to the allowance of the 

24 credit or the making of the refund. 


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1 ‘‘(C) REFUNDS DIRECTLY TO EX2 PORTER.—The Secretary shall provide, in regu3 lations, the circumstances under which a credit 

4 or refund (without interest) of the tax under 

5 subsection (a) shall be allowed or made to the 

6 person who exported the taxable carbon sub7 stance, where— 

8 ‘‘(i) the person who paid the tax 

9 waives his claim to the amount of such 

10 credit or refund, and 

11 ‘‘(ii) the person exporting the taxable 

12 carbon substance provides such informa13 tion as the Secretary may require in such 

14 regulations. 

15 ‘‘(3) REGULATIONS.—The Secretary shall pre16 scribe such regulations as may be necessary to carry 

17 out the purposes of this subsection. 

18 ‘‘SEC. 4693. BORDER ADJUSTMENTS. 

19 ‘‘(a) IMPORTS.—The Secretary shall impose a carbon 

20 equivalency fee on imports of carbon-intensive goods that 

21 shall be equivalent to the cost that domestic producers of 

22 comparable carbon-intensive goods incur as a result of— 

23 ‘‘(1) taxes paid by manufacturers, producers, 

24 and importers of taxable carbon substances under 

25 this Act, and 


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1 ‘‘(2) carbon equivalency fees paid by importers 

2 of carbon intensive goods used in the production of 

3 the comparable carbon intensive goods in question. 

4 ‘‘(b) EXPORTS.—Notwithstanding the limitations of 

5 section 4692(d), the Secretary shall allow as a credit or 

6 refund (without interest) to the exporter of a carbon-inten7 sive good produced in the United States in the same man8 ner as if it were an overpayment of tax imposed by section 

9 4691 an amount equivalent to the cost that domestic pro10 ducers of such carbon intensive goods incur as a result 

11 of— 

12 ‘‘(1) taxes paid by manufacturers, producers, 

13 and importers of taxable carbon substances under 

14 this Act, and 

15 ‘‘(2) carbon equivalency fees paid by importers 

16 of carbon intensive goods used in the production of 

17 the comparable carbon intensive goods in question. 

18 ‘‘(c) EXPIRATION.—This section shall cease to have 

19 effect at such time as and to the extent that— 

20 ‘‘(1)(A) an international agreement requiring 

21 countries that emit greenhouse gases and produce 

22 carbon intensive goods for international markets to 

23 adopt equivalent measures comes into effect, or 

24 ‘‘(B) the country of export has implemented 

25 equivalent measures, and 


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1 ‘‘(2) the actions provided for by subsections (a) 

2 and (b) are no longer appropriate. 

3 ‘‘SEC. 4694. DEFINITIONS AND SPECIAL RULES. 

4 ‘‘(a) DEFINITIONS.—For purposes of this sub5 chapter— 

6 ‘‘(1) TAXABLE CARBON SUBSTANCE.—The term 

7 ‘taxable carbon substance’ means— 

8 ‘‘(A) coal (including lignite and peat), 

9 ‘‘(B) petroleum and any petroleum product 

10 (as defined in section 4612(a)(3)), and 

11 ‘‘(C) natural gas, 

12 which is extracted, manufactured, or produced in the 

13 United States or entered into the United States for 

14 consumption, use, or warehousing. 

15 ‘‘(2) UNITED STATES.—The term ‘United 

16 States’ has the meaning given such term by section 

17 4612(a)(4). 

18 ‘‘(3) IMPORTER.—The term ‘importer’ means 

19 the person entering the taxable carbon substance for 

20 consumption, use, or warehousing. 

21 ‘‘(4) TON.—The term ‘ton’ means 2,000 

22 pounds. In the case of any taxable carbon substance 

23 which is a gas, the term ‘ton’ means the amount of 

24 such gas in cubic feet which is the equivalent of 

25 2,000 pounds on a molecular weight basis. 


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1 ‘‘(5) CARBON-INTENSIVE GOOD.—The term 

2 ‘carbon-intensive good’ means a good that (as identi3 fied by the Secretary by rule)— 

4 ‘‘(A) is a primary product, or 

5 ‘‘(B) is a manufactured item in which one 

6 or more primary products are inputs and the 

7 cost of production of which in the United States 

8 is significantly increased by this subchapter. 

9 ‘‘(6) PRIMARY PRODUCT.—The term ‘primary 

10 product’ means— 

11 ‘‘(A) iron, steel, steel mill products (includ12 ing pipe and tube), aluminum, cement, glass 

13 (including flat, container, and specialty glass 

14 and fiberglass), pulp, paper, chemicals, or in15 dustrial ceramics, and 

16 ‘‘(B) any other manufactured product that 

17 the Secretary determines— 

18 ‘‘(i) is sold for purposes of further 

19 manufacture, and 

20 ‘‘(ii) generates, in the course of the 

21 manufacture of the product, direct and in22 direct greenhouse gas emissions that are 

23 comparable (on an emissions-per-dollar of 

24 output basis) to emissions generated in the 


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1 manufacture or production of primary 

2 products identified in subparagraph (A). 

3 ‘‘(7) EQUIVALENT MEASURE.—The term ‘equiv4 alent measure’ means a tax or other regulatory re5 quirement that imposes a cost on manufacturers of 

6 carbon intensive goods located outside the United 

7 States approximately equal to the cost imposed by 

8 section 4691 on manufacturers of comparable car9 bon intensive goods located in the United States. 

10 ‘‘(b) USE TREATED AS SALE.—If any person manu11 factures, produces, or imports any taxable carbon sub12 stance and uses such substance, then such person shall 

13 be liable for tax under section 4691 in the same manner 

14 as if such substance were sold by such person. 

15 ‘‘(c) SPECIAL RULES FOR INVENTORY EX16 CHANGES.— 

17 ‘‘(1) IN GENERAL.—Except as provided in this 

18 paragraph, in any case in which a manufacturer, 

19 producer, or importer of a taxable carbon substance 

20 exchanges such substance as part of an inventory ex21 change with another person— 

22 ‘‘(A) such exchange shall not be treated as 

23 a sale, and 


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1 ‘‘(B) such other person shall, for purposes 

2 of section 4691, be treated as the manufac3 turer, producer, or importer of such substance. 

4 ‘‘(2) REGISTRATION REQUIREMENT.—Para5 graph (1) shall not apply to any inventory exchange 

6 unless— 

7 ‘‘(A) both parties are registered with the 

8 Secretary as manufacturers, producers, or im9 porters of taxable carbon substances, and 

10 ‘‘(B) the person receiving the taxable car11 bon substance has, at such time as the Sec12 retary may prescribe, notified the manufac13 turer, producer, or importer of such person’s 

14 registration number and the internal revenue 

15 district in which such person is registered. 

16 ‘‘(3) INVENTORY EXCHANGE.—For purposes of 

17 this subsection, the term ‘inventory exchange’ means 

18 any exchange in which 2 persons exchange property 

19 which is, in the hands of each person, property de20 scribed in section 1221(a)(1).’’. 

21 (b) ESTABLISHMENT OF AMERICA’S ENERGY SECU22 RITY TRUST FUND.—Subchapter A of chapter 98 of such 

23 Code (relating to trust fund code) is amended by adding 

24 at the end the following: 


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1 ‘‘SEC. 9511. AMERICA’S ENERGY SECURITY TRUST FUND. 

2 ‘‘(a) CREATION OF TRUST FUND.—There is estab3 lished in the Treasury of the United States a trust fund 

4 to be known as ‘America’s Energy Security Trust Fund’ 

5 (referred to in this section as the ‘Trust Fund’), consisting 

6 of such amounts as may be appropriated or credited to 

7 the Trust Fund as provided in this section or section 

8 9602(b). 

9 ‘‘(b) TRANSFERS TO TRUST FUND.—There is hereby 

10 appropriated to the Trust Fund an amount equivalent to 

11 the increase in revenues received in the Treasury as the 

12 result of the tax imposed under section 4691. 

13 ‘‘(c) DISTRIBUTION OF AMOUNTS IN TRUST FUND.— 

14 Amounts in the Trust Fund equivalent to the taxes re15 ceived in the Treasury under section 4691 for a calendar 

16 year shall be available without further appropriation, as 

17 follows: 

‘‘(1) First, the lesser of 1 18 ⁄6 of such amount or 

19 $10,000,000,000 shall be available for a tax credit 

20 for research, development, or investment into clean 

21 energy technology. 

22 ‘‘(2) Second, the affected industry transition as23 sistance amount shall be available for transition as24 sistance to industries negatively affected by the 

25 America’s Energy Security Trust Fund Act of 2009, 


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1 as determined by the Secretary of the Treasury in 

2 consultation with the Secretary of Labor. 

3 ‘‘(3) Third, the amount remaining after the ap4 plication of paragraphs (1) and (2) shall be available 

5 for payroll tax relief under rebate paid under section 

6 36B. 

7 ‘‘(d) AFFECTED INDUSTRY TRANSITION ASSISTANCE

8 AMOUNT.—For purposes of subsection (c)(2), the affected 

9 industry transition assistance amount is the amount deter10 mined as follows: 

‘‘(1) For calendar year 2009, 1 11 ⁄12 of the amount 

12 in the Trust Fund equivalent to the taxes received 

13 in the Treasury under section 4691 for calendar 

14 year 2009, determined after the application of sub15 section (c)(1). 

‘‘(2) For calendar year 2010, 9 16 ⁄10 of the amount 

17 made available under paragraph (1) for calendar 

18 year 2009. 

‘‘(3) For calendar year 2011, 4 19 ⁄5 of the amount 

20 made available under paragraph (1) for calendar 

21 year 2009. 

‘‘(4) For calendar year 2012, 7 22 ⁄10 of the amount 

23 made available under paragraph (1) for calendar 

24 year 2009. 


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‘‘(5) For calendar year 2013, 3 1 ⁄5 of the amount 

2 made available under paragraph (1) for calendar 

3 year 2009. 

‘‘(6) For calendar year 2014, 1 4 ⁄2 of the amount 

5 made available under paragraph (1) for calendar 

6 year 2009. 

‘‘(7) For calendar year 2015, 2 7 ⁄5 of the amount 

8 made available under paragraph (1) for calendar 

9 year 2009. 

‘‘(8) For calendar year 2016, 3 10 ⁄10 of the amount 

11 made available under paragraph (1) for calendar 

12 year 2009. 

‘‘(9) For calendar year 2017, 1 13 ⁄5 of the amount 

14 made available under paragraph (1) for calendar 

15 year 2009. 

‘‘(10) For calendar year 2018, 1 16 ⁄10 of the 

17 amount made available under paragraph (1) for cal18 endar year 2009. 

19 ‘‘(11) For calendar years after 2018, zero.’’. 

20 (c) CLERICAL AMENDMENTS.— 

21 (1) The table of subchapters for chapter 38 of 

22 such Code is amended by adding at the end thereof 

23 the following new item: 

‘‘SUBCHAPTER E—TAX ON CARBON DIOXIDE CONTENT OF CERTAIN

SUBSTANCES’’. 


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1 (2) The table of sections for subchapter A of 

2 chapter 98 of such Code is amended by adding at 

3 the end the following: 

‘‘Sec. 9511. America’s Energy Security Trust Fund.’’. 

4 (d) EFFECTIVE DATE.—The amendments made by 

5 this section shall take effect on the date of the enactment 

6 of this Act. 

7 SEC. 3. CARBON TAX REBATE OF PAYROLL TAX. 

8 (a) IN GENERAL.—Subpart C of part IV of sub9 chapter A of chapter 1 of the Internal Revenue Code of 

10 1986 (relating to refundable credits) is amended by insert11 ing after section 36A the following new section: 

12 ‘‘SEC. 36B. CARBON TAX REBATE OF PAYROLL TAX. 

13 ‘‘(a) IN GENERAL.—In the case of an individual, 

14 there shall be allowed as a credit against the tax imposed 

15 by this subtitle for the taxable year an amount equal to 

16 the carbon tax rebate. 

17 ‘‘(b) CARBON TAX REBATE.— 

18 ‘‘(1) IN GENERAL.—For purposes of this sec19 tion, the term ‘carbon tax rebate’ means with re20 spect to a taxable year the individual’s share of the 

21 amount determined by the Secretary on a per capita 

22 basis to be the amount available under section 

23 9511(c)(3) for the calendar year in which or with 

24 which the taxable year begins. 


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1 ‘‘(2) DETERMINATION BASED ON ESTIMATES.— 

2 The determination under paragraph (1) shall be 

3 made on the basis of estimates by the Secretary, and 

4 proper adjustments shall be made in amounts avail5 able under section 9511(c)(3) for the succeeding tax6 able year to the extent prior estimates were in excess 

7 of or less than the amounts actually available under 

8 such section for the prior taxable year. 

9 ‘‘(c) LIMITATION BASED ON PAYROLL TAXES PAID

10 AND SOCIAL SECURITY BENEFITS.— 

11 ‘‘(1) IN GENERAL.—The amount allowed as a 

12 credit under subsection (a) with respect to any indi13 vidual for a taxable year shall not exceed the greater 

14 of— 

15 ‘‘(A) the total amount of taxes paid with 

16 respect to such individual for such taxable year 

17 under section 1401 and chapters 21 and 22, de18 termined after taking into account any refund 

19 under section 31(b) and 6413(c), or 

20 ‘‘(B) 10 percent of the aggregate amount 

21 of social security benefits (within the meaning 

22 of section 86(d)) received by such individual for 

23 the taxable year. 

24 ‘‘(2) SPECIAL RULE FOR SOCIAL SECURITY

25 BENEFITS RECEIVED FOR LESS THAN 12 MONTHS.— 


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1 For purposes of paragraph (1)(B), if Social Security 

2 benefits (as so defined) were not received for each 

3 month in the taxable year, such benefits shall be 

4 annualized by multiplying the Social Security bene5 fits received by 12 and dividing the result by the 

6 number of months in such taxable year for which 

7 such benefits were received. 

8 ‘‘(d) DENIAL OF CREDIT TO DEPENDENTS.—No 

9 credit shall be allowed under subsection (a) to an indi10 vidual for such individual’s taxable year if a deduction 

11 under section 151 with respect to such individual is al12 lowed to another taxpayer for a taxable year beginning 

13 in the calendar year in which such individual’s taxable 

14 year begins.’’. 

15 (b) CONFORMING AMENDMENTS.— 

16 (1) Paragraph (2) of section 1324(b) of title 

17 31, United States Code, is amended by inserting 

18 ‘‘36B,’’ after ‘‘36A,’’. 

19 (2) The table of sections for subpart C of part 

20 IV of subchapter A of chapter 1 of the Internal Rev21 enue Code of 1986 is amended by inserting after the 

22 item relating to section 36A the following new item: 

‘‘Sec. 36B. Carbon tax rebate of payroll tax.’’. 

23 (c) EFFECTIVE DATE.—The amendments made by 

24 this section shall apply to taxable years beginning after 

25 December 31, 2008. 


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1 SEC. 4. STUDY OF TAXATION OF NON-CARBON GREEN2 HOUSE GASES. 

3 (a) IN GENERAL.—The Secretary of the Treasury, in 

4 consultation with the Secretary of Energy shall conduct 

5 a study of the best methods to assess and collect tax on 

6 non-carbon greenhouse gases similar to the tax imposed 

7 by section 4691 of the Internal Revenue Code of 1986 (as 

8 added by this Act). 

9 (b) REPORT.—Not later than 6 months after the date 

10 of the enactment of this Act, the Secretary of the Treasury 

11 shall submit to the Congress the findings of the report 

12 required under subsection (a) together with such legisla13 tive recommendations as the Secretary determine appro14 priate for the assessment and collection of such tax. 

15 SEC. 5. SENSE OF CONGRESS. 

16 It is the sense of Congress that the United States 

17 should work proactively under the United Nations Frame18 work Convention on Climate Change and in other appro19 priate fora to establish binding agreements committing all 

20 major greenhouse gas emitting nations and countries with 

21 globally competitive producers of carbon intensive goods 

22 to contribute equitably to the reduction of global green23 house gas emissions. 

Æ 


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