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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

American Opportunity Carbon Fee Act of 2019

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to provide for carbon dioxide and other greenhouse gas emission fees, provide tax credits to workers, deliver additional benefits to retired and disabled Americans, and for other purposes.

Actions Overview (1)

Date Actions Overview
04/10/2019Introduced in Senate

All Actions (1)

Date All Actions
04/10/2019Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (3)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Schatz, Brian [D-HI]* 04/10/2019
Sen. Heinrich, Martin [D-NM]* 04/10/2019
Sen. Gillibrand, Kirsten E. [D-NY]* 04/10/2019

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance04/10/2019 Referred to

As of 10/27/2020 no related bill information has been received for S.1128 - American Opportunity Carbon Fee Act of 2019

Latest Summary (1)

There is one summary for S.1128. View summaries

Shown Here:
Introduced in Senate (04/10/2019)

American Opportunity Carbon Fee Act of 2019

This bill imposes fees on carbon dioxide and other greenhouse gas emissions, establishes a tax credit for workers, provides payments to retired and disabled individuals, and provides cost mitigation grants to states.

Specifically, the bill imposes fees on (1) fossil fuel products producing carbon dioxide emissions, including coal, petroleum products, and natural gas; (2) fluorinated greenhouse gases; (3) facilities that emit greenhouse gases; and (4) associated emissions (attributable to venting, flaring, and leakage across the supply chain).

The bill directs the Department of the Treasury to

  • establish, implement, and report on a program to identify all major source categories of associated emissions and collect data on associated emissions from the coal, petroleum products, and natural gas supply chains;
  • make specified adjustments to the new fees for importers and exporters of energy-intensive manufactured goods;
  • make a specified payment each calendar year to certain Social Security beneficiaries and other retired and disabled individuals;
  • make cost mitigation grants to states for assisting low-income and rural households in reducing energy expenses, providing job training and worker transition assistance, or assisting in dealing with climate change or the transition to a low-carbon economy; and
  • establish a website to make regular disclosures concerning revenue, tax savings, and benefits attributable to this bill.

The bill also allows a new carbon fee offset tax credit for the lesser of 6.2% of earned income or $900.