America Wins Act

Bill: 117-hr-3311
Sponsor: Rep. Larson, John B. [D-CT-1]
Introduced: 2021-05-18 in the House
Policy area: Taxation
Subjects: Agricultural prices, subsidies, credit
Air quality
Aviation and airports
Climate change and greenhouse gases
Coal
Employee benefits and pensions
Employment and training programs
Energy prices
Environmental Protection
Environmental technology
Floods and storm protection
Government lending and loan guarantees
Government trust funds
Health care costs and insurance
Income tax credits
Infrastructure development
Mining
Navigation, waterways, harbors
Oil and gas
Poverty and welfare assistance
Public transit
Railroads
Roads and highways
Sales and excise taxes
Solid waste and recycling
Transportation programs funding
Water quality

Summary:
action_date: 2021-05-18
text: 

America Wins Act 

 
This bill imposes an excise tax on the carbon dioxide content of coal, petroleum and petroleum products, and natural gas sold by the manufacturer, producer, or importer and requires the revenues to be used for infrastructure, an energy refund program to provide payments to certain low-income households, and other purposes.
 
Refunds or credits for the tax must be issued for carbon substances that are (1) not emitted due to use as a feedstock or through carbon capture and sequestration, or (2) previously taxed carbon substances used to make another taxable carbon substance. 
 
The bill includes border adjustment provisions that require certain fees, credits, or refunds for carbon-intensive goods that are exported or imported. 
 
The bill also establishes a Build America Trust Fund and appropriates to the fund amounts equal to the increase in revenues attributable to the tax. Specified amounts of the funds must be used, without further appropriation, for infrastructure related to transportation, water, broadband, education, health care, housing, and energy.
 
Specified portions of the funds must also be used for
 
 
providing assistance to workers and communities reliant on industries that primarily produce taxable carbon substances or carbon-intensive goods,
 
providing assistance to individuals and communities disproportionately impacted by climate change and greenhouse gas pollutants as well as groups underrepresented in the energy sector,
 
an energy refund program to provide payments to certain low-income households, and 
 
a refundable tax credit for households that meet specified income requirements.
 


Legislative actions:
action_date: 2021-05-19
text: Referred to the Subcommittee on Energy.
action_date: 2021-05-19
text: Referred to the Subcommittee on Water Resources and Environment.
action_date: 2021-05-19
text: Referred to the Subcommittee on Highways and Transit.
action_date: 2021-05-19
text: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
action_date: 2021-05-19
text: Referred to the Subcommittee on Aviation.
action_date: 2021-05-18
text: Referred to the Subcommittee on Energy.
action_date: 2021-05-18
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, Agriculture, Education and Labor, Natural Resources, Science, Space, and Technology, and Financial Services, 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: 2021-05-18
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, Agriculture, Education and Labor, Natural Resources, Science, Space, and Technology, and Financial Services, 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: 2021-05-18
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, Agriculture, Education and Labor, Natural Resources, Science, Space, and Technology, and Financial Services, 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: 2021-05-18
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, Agriculture, Education and Labor, Natural Resources, Science, Space, and Technology, and Financial Services, 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: 2021-05-18
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, Agriculture, Education and Labor, Natural Resources, Science, Space, and Technology, and Financial Services, 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: 2021-05-18
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, Agriculture, Education and Labor, Natural Resources, Science, Space, and Technology, and Financial Services, 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: 2021-05-18
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, Agriculture, Education and Labor, Natural Resources, Science, Space, and Technology, and Financial Services, 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: 2021-05-18
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, Agriculture, Education and Labor, Natural Resources, Science, Space, and Technology, and Financial Services, 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: 2021-05-18
text: Introduced in House
action_date: 2021-05-18
text: Introduced in House