America's Clean Future Fund Act

Bill: 116-s-4484
Sponsor: Sen. Durbin, Richard J. [D-IL]
Introduced: 2020-08-06 in the Senate
Policy area: Environmental Protection
Subjects: Administrative law and regulatory procedures
Agricultural conservation and pollution
Agricultural equipment and machinery
Agricultural practices and innovations
Agricultural prices, subsidies, credit
Air quality
Alternative and renewable resources
Appropriations
Atmospheric science and weather
Aviation and airports
Building construction
Business investment and capital
Buy American requirements
Climate change and greenhouse gases
Coal
Competitiveness, trade promotion, trade deficits
Computer security and identity theft
Congressional oversight
Department of Agriculture
Department of Commerce
Department of Energy
Department of the Treasury
Ecology
Economic development
Economic performance and conditions
Educational facilities and institutions
Electric power generation and transmission
Employment and training programs
Energy assistance for the poor and aged
Energy efficiency and conservation
Energy prices
Energy research
Energy storage, supplies, demand
Environmental Protection Agency (EPA)
Environmental health
Environmental regulatory procedures
Environmental technology
Executive agency funding and structure
Farmland
Federal officials
Financial services and investments
Floods and storm protection
Forests, forestry, trees
Government information and archives
Government lending and loan guarantees
Government studies and investigations
Government trust funds
Higher education
Hybrid, electric, and advanced technology vehicles
Income tax exclusion
Industrial facilities
Industrial policy and productivity
Inflation and prices
Infrastructure development
Interest, dividends, interest rates
Internal Revenue Service (IRS)
Labor standards
Livestock
Manufacturing
Metals
Mining
Motor carriers
Motor vehicles
Natural disasters
Oil and gas
Pipelines
Poverty and welfare assistance
Public transit
Public-private cooperation
Racial and ethnic relations
Research administration and funding
Research and development
Right of privacy
Sales and excise taxes
State and local government operations
Tariffs
Tax administration and collection, taxpayers
Tax-exempt organizations
Technology transfer and commercialization
Transportation programs funding
Unemployment
Urban and suburban affairs and development
User charges and fees
Veterans' education, employment, rehabilitation
Wages and earnings
Water quality
Water resources funding
Water use and supply
Wetlands

Summary:
action_date: 2020-08-06
text: 

America's Clean Future Fund Act

 
This bill imposes various standards and programs related to clean energy, climate change resiliency, and emissions standards, including by (1) establishing the Climate Change Finance Corporation to finance clean energy and climate change resiliency activities; (2) establishing a carbon fee and emissions targets on the use, sale, or transfer of certain fuels by specified entities; and (3) providing grants to eligible entities for transition assistance to a low-carbon economy.
 


Legislative actions:
action_date: 2020-08-06
text: Read twice and referred to the Committee on Finance. (text: CR S5277-5284)
action_date: 2020-08-06
text: Introduced in Senate