‘‘(i) SUNSET.— 
‘‘(1) IN GENERAL.—For any fiscal year begin-
ning after the date on which the Secretary deter-
mines that— 
‘‘(A) pursuant to section 4693, the emis-
sions of greenhouse gases from covered fuels for 
the most recent calendar year is equal to or less 
than 10 percent of the greenhouse gas emis-
sions from covered fuels for calendar year 2017; 
and 
‘‘(B) the monthly carbon dividend payment 
made to an adult who is an eligible individual 
pursuant to subsection (d) has been less than 
$20 for the preceding 3 calendar years, 
no amounts may be transferred from Climate Action 
Rebate Fund for any purpose described in sub-
section (c)(3), and any amounts remaining in the 
Climate Action Rebate Fund shall be transferred to 
the general fund of the Treasury of the United 
States. 
‘‘(2) INFLATION ADJUSTMENT.—In the case of 
any year beginning after 2020, the dollar amount 
under paragraph (1)(B) shall be increased by an 
amount equal to— 
‘‘(A) such dollar amount, multiplied by 
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‘‘(B) the cost-of-living adjustment deter-
mined under section 1(f)(3) for the calendar 
year in which the taxable year begins, deter-
mined by substituting ‘calendar year 2017’ for 
‘calendar year 2016’ in subparagraph (A)(ii) 
thereof. 
‘‘(j) ADMINISTRATIVE AUTHORITY.—The Secretary, 
in coordination with the heads of other relevant Federal 
agencies, shall promulgate rules, guidance, and regula-
tions useful and necessary to implement the Climate Ac-
tion Rebate Fund.’’. 
(b) REVENUES DEDICATED TO TRUST FUNDS.— 
(1) AIRPORT AND AIRWAY TRUST FUND.—Sec-
tion 9502(b)(1) of the Internal Revenue Code of 
1986 is amended— 
(A) by inserting ‘‘and fees’’ after ‘‘the 
taxes’’, and 
(B) by striking ‘‘and’’ at the end of sub-
paragraph (C) and by inserting after subpara-
graph (D) the following new subparagraph: 
‘‘(E) section 9512(e)(4) (relating to carbon 
fee), and’’. 
(2) 
HIGHWAY
TRUST
FUND.—Section 
9503(b)(1) of the Internal Revenue Code of 1986 is 
amended— 
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(A) by inserting ‘‘and fees’’ after ‘‘equiva-
lent to the taxes’’, and 
(B) by striking ‘‘and’’ at the end of sub-
paragraph (D), by striking the period at the 
end of subparagraph (E) and inserting ‘‘, and’’, 
and by inserting after subparagraph (E) the 
following new subparagraph: 
‘‘(F) section 9512(e)(1) (relating to carbon 
fee).’’. 
(c) CLERICAL AMENDMENT.—The table of sections 
for subchapter A of chapter 98 of such Code is amended 
by adding at the end the following new item: 
‘‘Sec. 9512. Climate Action Rebate Fund.’’. 
SEC. 5. DISCLOSURE OF RETURN INFORMATION. 
Section 6103(l) of the Internal Revenue Code of 1986 
is amended by adding at the end the following new para-
graphs: 
‘‘(23) DISCLOSURE OF RETURN INFORMATION 
RELATING TO CARBON DIVIDEND PAYMENTS.— 
‘‘(A) DEPARTMENT
OF
TREASURY.—Re-
turn information with respect to any taxpayer 
shall, without written request, be open to in-
spection by or disclosure to officers and employ-
ees of the Department of the Treasury whose 
official duties require such inspection or disclo-
sure for purposes of administering section 
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9512(d) (relating the carbon dividend payments 
from the Climate Action Rebate Fund). 
‘‘(B) COMMISSIONER
OF
SOCIAL
SECU-
RITY.—The Commissioner of Social Security 
shall, on written request, disclose to officers 
and employees of the Department of the Treas-
ury return information which has been disclosed 
to the Social Security Administration as is nec-
essary to administer section 9512(d). 
‘‘(C) RESTRICTION ON DISCLOSURE.—In-
formation disclosed under this paragraph shall 
be disclosed only for purposes of, and to the ex-
tent 
necessary 
in, 
carrying 
out 
section 
9512(d).’’. 
SEC. 6. EFFECTIVE DATE. 
The amendments made by this Act shall apply to any 
calendar year beginning after the date of enactment of this 
Act. 
SEC. 7. PRINCIPLE OF INTERPRETATION. 
In the case of ambiguity, the texts of this statute and 
its amending texts shall be interpreted so as to allow for 
the most effective abatement of greenhouse gas emissions. 
SEC. 8. NO PREEMPTION OF STATE LAW. 
Nothing in this Act or any regulations promulgated 
under this Act shall preempt or supersede, or be inter-
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preted to preempt or supersede, any State law or regula-
tion. 
Æ 
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