100 by '50 Act

Bill: 115-s-987
Sponsor: Sen. Merkley, Jeff [D-OR]
Introduced: 2017-04-27 in the Senate
Policy area: Energy
Subjects: Administrative law and regulatory procedures
Air quality
Alaska Natives and Hawaiians
Alternative and renewable resources
Aviation and airports
Building construction
Business investment and capital
Capital gains tax
Climate change and greenhouse gases
Coal
Community life and organization
Economic development
Education programs funding
Electric power generation and transmission
Employee benefits and pensions
Employee hiring
Employment and training programs
Energy assistance for the poor and aged
Energy efficiency and conservation
Energy storage, supplies, demand
Environmental technology
Federal Energy Regulatory Commission (FERC)
Foreign and international corporations
Government lending and loan guarantees
Government trust funds
Gulf of Mexico
Housing and community development funding
Hybrid, electric, and advanced technology vehicles
Income tax credits
Income tax deductions
Indian social and development programs
Industrial facilities
Infrastructure development
Labor-management relations
Lighting and heating
Lighting, heating, cooling
Low- and moderate-income housing
Manufacturing
Marine and coastal resources, fisheries
Marine and inland water transportation
Mining
Oil and gas
Public contracts and procurement
Public transit
Railroads
Residential rehabilitation and home repair
Roads and highways
Rural conditions and development
Securities
Small business
Tariffs
Tax-exempt organizations
Taxation of foreign income
Trade adjustment assistance
Transportation programs funding
Unemployment
Vocational and technical education
Water quality
Water use and supply
Youth employment and child labor

Summary:
action_date: 2017-04-27
text: 

100 by '50 Act

 
 This bill calls for the United States to aggressively reduce carbon pollution as rapidly as practicable and achieve 100% clean and renewable energy by 2050.
 
It provides financial support (e.g., grant programs and loans) for clean and renewable energy, including support for affordable zero-emission vehicle-based public transportation, solar energy, and energy efficiency retrofits in homes.
 
The bill provides job training, unemployment compensation, health benefits, and pension and other benefits and services to adversely affected workers employed in the fossil fuel energy sector. 
 
The bill amends the Public Utility Regulatory Policies Act of 1978 to create annual caps on fossil fuel electricity beginning in 2022 and ending in 2050 when it is phased out.
 
The Department of Energy (DOE) must establish a grant program for energy storage and dispatchable energy technologies.
 
The bill provides financial incentives (e.g., tax credits and grants) for clean and renewable energy, energy efficiency improvements, and energy storage.
 
The bill amends the Clean Air Act to establish a zero-emission vehicle standard. In addition, it establishes: (1) a carbon fee to transition the commercial aviation, maritime transportation, and rail sectors away from fossil fuel usage; (2) grant programs for zero-emission vehicles; (3) a national highway decarbonization grant program; and (4) tax credits for electric vehicles, hybrid trucks, biofuels, and alternative fuels.
 
DOE must also establish a zero-emission residential and commercial heating grant program.
 
The bill: (1) terminates specified fossil fuel subsidies, and (2) creates a climate duty for carbon-intensive products imported from other countries.
 
The Department of the Treasury must issue climate bonds. The proceeds of the bonds must be deposited in the Climate Fund, which may be used to carry out the bill.


Legislative actions:
action_date: 2017-07-11
text: Star Print ordered on the bill.
action_date: 2017-04-27
text: Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2624-2627)
action_date: 2017-04-27
text: Introduced in Senate