Healthy Climate and Family Security Act of 2014

Bill: 113-hr-5271
Sponsor: Rep. Van Hollen, Chris [D-MD-8]
Introduced: 2014-07-30 in the House
Policy area: Environmental Protection
Subjects: Administrative law and regulatory procedures
Air quality
Civil actions and liability
Climate change and greenhouse gases
Coal
Competitiveness, trade promotion, trade deficits
Environmental Protection Agency (EPA)
Environmental regulatory procedures
Government information and archives
Government trust funds
International law and treaties
International organizations and cooperation
Licensing and registrations
Oil and gas
Pollution liability
Public contracts and procurement
Tariffs
User charges and fees

Summary:
action_date: 2014-07-30
text: 
Healthy Climate and Family Security Act of 2014 - Amends the Internal Revenue Code to require the Department of the Treasury to establish for 2015 and thereafter a carbon trading program that caps the emissions of carbon dioxide (CO2) from crude oil, coal, and natural gas by requiring crude oil refineries, petroleum importers, coal mines, and natural gas suppliers or processors to purchase carbon permits. 
 
Establishes a declining cap on the quantity of permits issued to reduce CO2 emissions until they are reduced to 80% below 2005 levels by 2050.
 
Sets forth provisions concerning compliance with permit obligations, issuance of permits for carbon capture and sequestration, and permit auctioning, trading, banking, and borrowing.
 
Establishes the Healthy Climate Trust Fund and appropriates auction proceeds and penalty payments to it. Returns Trust Fund amounts not used for administrative expenses (as a fraction of auction proceeds) to individuals with a valid Social Security number in the form of Healthy Climate Dividend Payments.
 
Requires the Department of the Treasury to: (1) impose carbon equivalency fees to be collected by U.S. Customs and Border Protection on imports of carbon-intensive goods, and (2) give payments to exporters of comparable domestically produced carbon-intensive goods.
 
Requires the Environmental Protection Agency (EPA) to publish a rule listing greenhouse gases (GHGs) that includes anthropogenically emitted (caused by human activity) gases that contribute to global warming but excludes CO2 emitted by the combustion of crude oil, coal, and natural gas and gases attributable to the production of animals for food. Directs the EPA to promulgate regulations to reduce such non-auction GHGs and ensure the regulation of all sources of them within 10 years.


Legislative actions:
action_date: 2014-08-01
text: Referred to the Subcommittee on Energy and Power.
action_date: 2014-07-30
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, 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.
action_date: 2014-07-30
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, 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.
action_date: 2014-07-30
text: Introduced in House
action_date: 2014-07-30
text: Introduced in House