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Item Page_Lines Para Text Keywords
1 1.3 - 1.5 SEC. 1. SHORT TITLE. This Act may be cited as the ‘‘America’s Clean Future Fund Act’’. act, cited, america’s, clean, future, fund
2 1.6 - 1.6 SEC. 2. CLIMATE CHANGE FINANCE CORPORATION. climate, finance, corporation
3 1.7 - 1.7 SEC. 2.(a) ESTABLISHMENT.— establishment
4 1.8 - 2.3 SEC. 2.(a)(1) IN GENERAL.—There is established in the executive branch an independent agency, to be known as the ‘‘Climate Change Finance Corporation’’ (referred to in this section as the ‘‘C2FC’’), which shall finance clean energy and climate change resiliency activities in accordance with this section. established, executive, branch, independent, agency, known, climate, finance, corporation, referred, c2fc, clean, energy, resiliency, activities, accordance
5 2.4 - 2.4 SEC. 2.(a)(2) MISSION.— mission
6 2.5 - 2.10 SEC. 2.(a)(2)(A) IN GENERAL.—The mission of the C2FC is to combat and reduce the effects of climate change by building resilience among communities facing harmful impacts of climate change and supporting a dramatic reduction in greenhouse gas emissions— mission, c2fc, combat, reduce, effects, climate, building, resilience, communities, facing, harmful, impacts, supporting, dramatic, reduction, greenhouse, gas, emissions
7 2.11 - 2.16 SEC. 2.(a)(2)(A)(i) through the deployment of clean and renewable technology, resilient infrastructure, research and development, the commercialization of new technology, clean energy manufacturing, and industrial decarbonization; and deployment, clean, renewable, technology, resilient, infrastructure, research, development, commercialization, new, energy, manufacturing, industrial, decarbonization
8 2.17 - 2.17 SEC. 2.(a)(2)(A)(ii) to meet the goals of— goals
9 2.18 - 2.20 SEC. 2.(a)(2)(A)(ii)(I) by 2030, a net reduction of greenhouse gas emissions by 45 percent, based on 2018 levels; and reduction, greenhouse, gas, emissions, levels
10 2.21 - 2.23 SEC. 2.(a)(2)(A)(ii)(II) by 2050, a net reduction of greenhouse gas emissions by 100 percent, based on 2018 levels. reduction, greenhouse, gas, emissions, levels
11 3.1 - 3.3 SEC. 2.(a)(2)(B) ACTIVITIES.—The C2FC shall carry out the mission described in subparagraph (A) by— activities, c2fc, carry, mission, described, subparagraph
12 3.4 - 3.6 SEC. 2.(a)(2)(B)(i) financing investments in clean energy and transportation, resiliency, and infrastructure; financing, investments, clean, energy, transportation, resiliency, infrastructure
13 3.7 - 3.11 SEC. 2.(a)(2)(B)(ii) using Federal investment to encourage the infusion of private capital and investment into the clean energy and resilient infrastructure sectors, while creating new workforce opportunities; and federal, investment, encourage, infusion, private, capital, clean, energy, resilient, infrastructure, sectors, creating, new, workforce, opportunities
14 3.12 - 3.15 SEC. 2.(a)(2)(B)(iii) providing financing in cases where private capital cannot be leveraged, while minimizing competition with private investment. providing, financing, cases, private, capital, cannot, leveraged, minimizing, competition, investment
15 3.16 - 3.22 SEC. 2.(a)(3) EXERCISE OF POWERS.—Except as otherwise provided expressly by law, all Federal laws dealing with public or Federal contracts, property, works, officers, employees, budgets, or funds, including the provisions of chapters 5 and 7 of title 5, United States Code, shall apply to the exercise of the powers of the C2FC. exercise, powers, except, otherwise, expressly, law, federal, laws, dealing, public, contracts, property, officers, employees, budgets, funds, provisions, chapters, united, states, code, apply, c2fc
16 3.23 - 3.23 SEC. 2.(b) BOARD OF DIRECTORS.— board, directors
17 3.24 - 4.4 SEC. 2.(b)(1) IN GENERAL.—The management of the C2FC shall be vested in a Board of Directors (referred to in this section as the ‘‘Board’’) consisting of 7 members, who shall be appointed by the President, by and with the advice and consent of the Senate. management, c2fc, vested, board, directors, referred, consisting, members, appointed, president, advice, consent, senate
18 4.5 - 4.5 SEC. 2.(b)(2) CHAIRPERSON AND VICE CHAIRPERSON.— chairperson, vice
19 4.6 - 4.11 SEC. 2.(b)(2)(A) IN GENERAL.—A Chairperson and Vice Chairperson of the Board shall be appointed by the President, by and with the advice and consent of the Senate, from among the individuals appointed to the Board under paragraph (1). chairperson, vice, board, appointed, president, advice, consent, senate, individuals
20 4.12 - 4.12 SEC. 2.(b)(2)(B) TERM.—An individual— term, individual
21 4.13 - 4.15 SEC. 2.(b)(2)(B)(i) shall serve as Chairperson or Vice Chairperson of the Board for a 3-year term; and serve, chairperson, vice, board, term
22 4.16 - 4.18 SEC. 2.(b)(2)(B)(ii) may be renominated for the position until the term of that individual on the Board under paragraph (3)(C) expires. renominated, term, individual, board, expires
23 4.19 - 4.19 SEC. 2.(b)(3) BOARD MEMBERS.— board, members
24 4.20 - 4.22 SEC. 2.(b)(3)(A) CITIZENSHIP REQUIRED.—Each member of the Board shall be an individual who is a citizen of the United States. citizenship, required, member, board, individual, citizen, united, states
25 4.23 - 5.2 SEC. 2.(b)(3)(B) REPRESENTATION.—The members of the Board shall fairly represent agricultural, educational, research, industrial, nongovernmental, labor, and commercial interests throughout the United States. representation, members, board, fairly, represent, agricultural, educational, research, industrial, nongovernmental, labor, commercial, interests, throughout, united, states
26 5.3 - 5.3 SEC. 2.(b)(3)(C) TERM.— term
27 5.4 - 5.6 SEC. 2.(b)(3)(C)(i) IN GENERAL.—Except as otherwise provided in this section, each member of the Board— except, otherwise, member, board
28 5.7 - 5.8 SEC. 2.(b)(3)(C)(i)(I) shall be appointed for a term of 6 years; and appointed, term, years
29 5.9 - 5.10 SEC. 2.(b)(3)(C)(i)(II) may be reappointed for 1 additional term. reappointed, term
30 5.11 - 5.13 SEC. 2.(b)(3)(C)(ii) INITIAL STAGGERED TERMS.—Of the members first appointed to the Board— initial, staggered, terms, members, appointed, board
31 5.14 - 5.15 SEC. 2.(b)(3)(C)(ii)(I) 2 shall each be appointed for a term of 2 years; appointed, term, years
32 5.16 - 5.17 SEC. 2.(b)(3)(C)(ii)(II) 3 shall each be appointed for a term of 4 years; and appointed, term, years
33 5.18 - 5.19 SEC. 2.(b)(3)(C)(ii)(III) 2 shall each be appointed for a term of 6 years. appointed, term, years
34 5.20 - 5.23 SEC. 2.(b)(4) INITIAL MEETING.—Not later than 30 days after the date on which all members of the Board are appointed under paragraph (1), the Board shall hold an initial meeting. initial, meeting, members, board, appointed, hold
35 5.24 - 5.24 SEC. 2.(c) WORKING GROUPS.— working
36 6.1 - 6.4 SEC. 2.(c)(1) IN GENERAL.—The Board shall create, oversee, and incorporate feedback from the following working groups (each referred to in this section as a ‘‘working group’’): board, oversee, incorporate, feedback, working, referred, group
37 6.5 - 6.6 SEC. 2.(c)(1)(A) An environmental justice working group. environmental, justice, working, group
38 6.7 - 6.8 SEC. 2.(c)(1)(B) A worker and community transition assistance working group. worker, community, transition, assistance, working, group
39 6.9 - 6.10 SEC. 2.(c)(1)(C) A research and innovation working group. research, innovation, working, group
40 6.11 - 6.11 SEC. 2.(c)(2) WORKING GROUP MEMBERS.— working, group, members
41 6.12 - 6.13 SEC. 2.(c)(2)(A) IN GENERAL.—Each working group shall— working, group
42 6.14 - 6.15 SEC. 2.(c)(2)(A)(i) be chaired by a Board member; and chaired, board, member
43 6.16 - 6.21 SEC. 2.(c)(2)(A)(ii) comprise not less than 10 and not more than 20 individuals, who shall be experts, members of directly impacted communities relating to the subject matter of the working group, and other relevant stakeholders. comprise, individuals, experts, members, directly, impacted, communities, relating, subject, matter, working, group, relevant, stakeholders
44 6.22 - 6.24 SEC. 2.(c)(2)(B) DIVERSITY.—Individuals on a working group shall, to the maximum extent practicable, represent— diversity, individuals, working, group, maximum, extent, practicable, represent
45 7.1 - 7.3 SEC. 2.(c)(2)(B)(i) a diverse array of interests related to the subject matter of the working group; and diverse, array, interests, related, subject, matter, working, group
46 7.4 - 7.6 SEC. 2.(c)(2)(B)(ii) diverse geographical, racial, religious, gender, educational, age, disability, and socioeconomic backgrounds. diverse, geographical, racial, religious, gender, educational, disability, socioeconomic, backgrounds
47 7.7 - 7.8 SEC. 2.(c)(3) MEETINGS.—Each working group shall meet not less than 2 times per year. meetings, working, group
48 7.9 - 7.10 SEC. 2.(c)(4) COMMUNITY AND STAKEHOLDER ENGAGEMENT.— community, stakeholder, engagement
49 7.11 - 7.15 SEC. 2.(c)(4)(A) IN GENERAL.—Each working group shall create and engage in meaningful community and stakeholder involvement opportunities, including through regular community engagement activities, for purposes of— working, group, engage, meaningful, community, stakeholder, involvement, opportunities, regular, engagement, activities, purposes
50 7.16 - 7.18 SEC. 2.(c)(4)(A)(i) maintaining up-to-date situational awareness about the needs of relevant communities and stakeholders; maintaining, situational, awareness, needs, relevant, communities, stakeholders
51 7.19 - 7.22 SEC. 2.(c)(4)(A)(ii) using the feedback obtained through those opportunities to inform the advice of the working group to the Board; and feedback, obtained, opportunities, inform, advice, working, group, board
52 7.23 - 8.2 SEC. 2.(c)(4)(A)(iii) providing a mechanism for direct and substantial community feedback relating to the investment plan and the funding decisions of the C2FC. providing, mechanism, direct, substantial, community, feedback, relating, investment, plan, funding, decisions, c2fc
53 8.3 - 8.9 SEC. 2.(c)(4)(B) PUBLIC AWARENESS.—Each working group shall inform the public about C2FC investment by engaging in public awareness campaigns, which shall target relevant communities through electronic media, newspapers, radio, direct mailings, canvassing, or other outreach methods suited for the relevant community. public, awareness, working, group, inform, c2fc, investment, engaging, campaigns, target, relevant, communities, electronic, media, newspapers, radio, direct, mailings, canvassing, outreach, methods, suited, community
54 8.10 - 8.17 SEC. 2.(c)(4)(C) BROAD PARTICIPATION.—In carrying out subparagraph (A), each working group shall, to the maximum extent practicable, maximize participation from a broad group of stakeholders, including by holding multiple meetings with significant advance notice and holding meetings at different times and in multiple languages. broad, participation, carrying, subparagraph, working, group, maximum, extent, practicable, maximize, stakeholders, holding, multiple, meetings, significant, advance, notice, languages
55 8.18 - 8.19 SEC. 2.(c)(5) TASKS.—Each working group shall, as it relates to the subject matter of the working group— tasks, working, group, relates, subject, matter
56 8.20 - 8.22 SEC. 2.(c)(5)(A) advise and provide general input to the Board regarding loans and grants provided by the C2FC; and advise, input, board, regarding, loans, grants, c2fc
57 8.23 - 9.2 SEC. 2.(c)(5)(B) consult with and, based on the activities described in paragraph (4), provide recommendations to, the Board in the development of and updates to the investment plan of the C2FC. consult, activities, described, recommendations, board, development, updates, investment, plan, c2fc
58 9.3 - 9.3 SEC. 2.(d) INVESTMENT PLAN.— investment, plan
59 9.4 - 9.5 SEC. 2.(d)(1) IN GENERAL.—The Board, in consultation with each working group described in subsection (c)(1), shall develop an investment plan (referred to in this subsection as the ‘‘investment plan’’) for the C2FC in accordance with this subsection. board, consultation, working, group, described, subsection
61 9.9 - 9.10 SEC. 2.(d)(2) PURPOSES.—The purposes of the investment plan are— purposes, investment, plan
62 9.11 - 9.12 SEC. 2.(d)(2)(A) to ensure that investments made by the C2FC— ensure, investments, c2fc
63 9.13 - 9.15 SEC. 2.(d)(2)(A)(i) are equitable and reach the prioritized communities described in subsection (e)(2); equitable, reach, prioritized, communities, described, subsection
64 9.16 - 9.17 SEC. 2.(d)(2)(A)(ii) are effective at progressing towards the goals described in subsection (a)(2)(A)(ii); effective, progressing, towards, goals, described, subsection
66 9.19 - 9.21 SEC. 2.(d)(2)(A)(iii) support the advancement of research in clean technologies and resilience; and support, advancement, research, clean, technologies, resilience
67 9.22 - 9.22 SEC. 2.(d)(2)(A)(iv) are transparent to the public; and transparent, public
68 9.23 - 10.2 SEC. 2.(d)(2)(B) to provide methods and standards by which the Board and the working groups described in subsection (c)(1) shall choose projects in which to invest. methods, standards, board, working, described, subsection, projects, invest
69 10.3 - 10.5 SEC. 2.(d)(3) DISTRIBUTION OF GRANT FUNDS.—The initial investment plan shall require that, of the total amount of grant funds provided under subsection (e)(3)(A) each year, not less than 40 percent shall be used to benefit communities described in subsection (e)(2)(A). distribution, grant, funds, initial, investment, plan, require, total, amount, subsection
71 10.9 - 10.9 SEC. 2.(d)(4) INVESTMENT PLAN UPDATES.— investment, plan, updates
72 10.10 - 10.15 SEC. 2.(d)(4)(A) IN GENERAL.—The Board, in consultation with each working group described in subsection (c)(1), shall update the investment plan not later than December 31, 2023, and every 4 years thereafter, including by taking into account— board, consultation, working, group, described, subsection, update, investment, plan, december, years, thereafter, taking, account
73 10.16 - 10.17 SEC. 2.(d)(4)(A)(i) the current needs of the prioritized communities described in subsection (e)(2); needs, prioritized, communities, described, subsection
74 10.18 - 10.20 SEC. 2.(d)(4)(A)(ii) the effectiveness of the previous investment plan in addressing the needs of those communities; effectiveness, investment, plan, addressing, needs, communities
75 10.21 - 10.22 SEC. 2.(d)(4)(A)(iii) the current state of relevant research and technology; state, relevant, research, technology
76 10.23 - 10.24 SEC. 2.(d)(4)(A)(iv) the resiliency needs of local communities; resiliency, needs, local, communities
77 11.1 - 11.1 SEC. 2.(d)(4)(A)(v) the goals described in subsection (a)(2)(A)(ii); and goals, described, subsection
79 11.3 - 11.4 SEC. 2.(d)(4)(A)(vi) the 2 most recent program reviews conducted under subsection (f). program, reviews, conducted, subsection
80 11.5 - 11.8 SEC. 2.(d)(4)(B) EFFECTIVENESS.—An investment plan shall remain in effect until the date on which the Board approves an updated investment plan. effectiveness, investment, plan, remain, effect, board, approves, updated
81 11.9 - 11.11 SEC. 2.(d)(4)(C) PUBLIC INPUT.—In updating the investment plan, the Board and the working groups described in subsection (c)(1) shall— public, input, updating, investment, plan, board, working, described, subsection
82 11.12 - 11.14 SEC. 2.(d)(4)(C)(i) engage stakeholders and the public in a public comment and feedback process; and engage, stakeholders, public, comment, feedback, process
83 11.15 - 11.17 SEC. 2.(d)(4)(C)(ii) ensure that the prioritized communities described in subsection (e)(2) have access to participate in that process. ensure, prioritized, communities, described, subsection, access, participate, process
84 11.18 - 11.21 SEC. 2.(d)(5) PUBLIC UPDATES.—The Board shall make publicly available on a quarterly basis information relating to the expenditure of funds under the investment plan. public, updates, board, publicly, available, quarterly, basis, information, relating, expenditure, funds, investment, plan
85 11.22 - 11.22 SEC. 2.(e) INVESTMENT TOOLS.— investment, tools
86 11.23 - 11.23 SEC. 2.(e)(1) DEFINITIONS.—In this subsection: definitions, subsection
87 11.24 - 12.4 SEC. 2.(e)(1)(A) COMMUNITY OF COLOR.—The term ‘‘community of color’’ means a geographically distinct area in which the population of any of the following categories of individuals is higher than the average population of that category for the State in which the community is located: community, term, geographically, distinct, area, population, categories, individuals, average, category, state, located
88 12.5 - 12.5 SEC. 2.(e)(1)(A)(i) Black. black
89 12.6 - 12.6 SEC. 2.(e)(1)(A)(ii) African American. african, american
90 12.7 - 12.7 SEC. 2.(e)(1)(A)(iii) Asian. asian
91 12.8 - 12.8 SEC. 2.(e)(1)(A)(iv) Pacific Islander. pacific, islander
92 12.9 - 12.9 SEC. 2.(e)(1)(A)(v) Other non-White race. white, race
93 12.10 - 12.10 SEC. 2.(e)(1)(A)(vi) Hispanic. hispanic
94 12.11 - 12.11 SEC. 2.(e)(1)(A)(vii) Latino. latino
95 12.12 - 12.12 SEC. 2.(e)(1)(A)(viii) Linguistically isolated. linguistically, isolated
96 12.13 - 12.21 SEC. 2.(e)(1)(B) ELIGIBLE BORROWER.—The term ‘‘eligible borrower’’ means any person, including a business owner or project developer, that seeks a loan to carry out approved practices or projects described in subparagraph (A)(i) of paragraph (3) from an eligible lender that may receive a loan guarantee under that paragraph for that loan, according to criteria determined by the C2FC. eligible, borrower, term, business, owner, project, developer, seeks, loan, carry, approved, practices, projects, described, subparagraph, lender, guarantee, according, criteria, determined, c2fc
97 12.22 - 12.23 SEC. 2.(e)(1)(C) ELIGIBLE ENTITY.—The term ‘‘eligible entity’’ means— eligible, entity, term
98 12.24 - 12.24 SEC. 2.(e)(1)(C)(i) a State; state
99 12.25 - 12.25 SEC. 2.(e)(1)(C)(ii) an Indian Tribe; indian, tribe
100 13.1 - 13.1 SEC. 2.(e)(1)(C)(iii) a unit of local government; and unit, local, government
101 13.2 - 13.3 SEC. 2.(e)(1)(C)(iv) a research and development institution (including a National Laboratory). research, development, institution, national, laboratory
102 13.4 - 13.5 SEC. 2.(e)(1)(D) ELIGIBLE LENDER.—The term ‘‘eligible lender’’ means— eligible, lender, term
103 13.6 - 13.7 SEC. 2.(e)(1)(D)(i) a Federal- or State-chartered bank; federal, state, chartered, bank
104 13.8 - 13.9 SEC. 2.(e)(1)(D)(ii) a Federal- or State-chartered credit union; federal, state, chartered, credit, union
105 13.10 - 13.10 SEC. 2.(e)(1)(D)(iii) an agricultural credit corporation; agricultural, credit, corporation
106 13.11 - 13.12 SEC. 2.(e)(1)(D)(iv) a United States Green Bank Institution; united, states, bank, institution
107 13.13 - 13.17 SEC. 2.(e)(1)(D)(v) a community development financial institution (as defined in section 103 of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4702)); community, development, financial, institution, defined, banking, institutions, act, u.s.c
108 13.18 - 13.22 SEC. 2.(e)(1)(D)(vi) a minority depository institution (as defined in section 308(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1463 note; Public Law 101–73)); and minority, depository, institution, defined, financial, institutions, reform, recovery, enforcement, act, u.s.c, note, public, law
109 13.23 - 14.2 SEC. 2.(e)(1)(D)(vii) any other lender that the Board determines has a demonstrated ability to underwrite and service loans for the intended approved practice for which the loan will be used. lender, board, determines, demonstrated, ability, underwrite, service, loans, intended, approved, practice, loan
110 14.3 - 14.10 SEC. 2.(e)(1)(E) ENVIRONMENTAL JUSTICE COMMUNITY.—The term ‘‘environmental justice community’’ means a community with significant representation of communities of color, low-income communities, or Tribal and indigenous communities that experiences, or is at risk of experiencing, higher or more adverse human health or environmental effects. environmental, justice, community, term, significant, representation, communities, income, tribal, indigenous, experiences, risk, experiencing, adverse, human, health, effects
111 14.11 - 14.14 SEC. 2.(e)(1)(F) INDIAN TRIBE.—The term ‘‘Indian Tribe’’ has the meaning given the term in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304). indian, tribe, term, meaning, determination, education, assistance, act, u.s.c
112 14.15 - 14.20 SEC. 2.(e)(1)(G) LOW-INCOME COMMUNITY.—The term ‘‘low-income community’’ means any census block group in which 30 percent or more of the population are individuals with an annual household income equal to, or less than, the greater of— income, community, term, census, block, group, population, individuals, annual, household, equal, greater
113 14.21 - 14.25 SEC. 2.(e)(1)(G)(i) an amount equal to 80 percent of the median income of the area in which the household is located, as reported by the Department of Housing and Urban Development; and amount, equal, median, income, area, household, located, reported, department, housing, urban, development
114 15.1 - 15.2 SEC. 2.(e)(1)(G)(ii) 200 percent of the Federal poverty line. federal, poverty, line
115 15.3 - 15.3 SEC. 2.(e)(1)(H) STATE.—The term ‘‘State’’ means— state, term
116 15.4 - 15.4 SEC. 2.(e)(1)(H)(i) a State; state
117 15.5 - 15.5 SEC. 2.(e)(1)(H)(ii) the District of Columbia; district, columbia
118 15.6 - 15.7 SEC. 2.(e)(1)(H)(iii) the Commonwealth of Puerto Rico; and commonwealth, puerto, rico
119 15.8 - 15.9 SEC. 2.(e)(1)(H)(iv) any other territory or possession of the United States. territory, possession, united, states
120 15.10 - 15.13 SEC. 2.(e)(2) COMMUNITY PRIORITIZATION.—In providing financial and other assistance under paragraph (3), the C2FC shall give priority to, as determined by the C2FC— community, prioritization, providing, financial, assistance, c2fc, priority, determined
121 15.14 - 15.17 SEC. 2.(e)(2)(A) environmental justice communities, communities with populations of color, communities of color, indigenous communities, and low-income communities that— environmental, justice, communities, populations, indigenous, income
122 15.18 - 15.22 SEC. 2.(e)(2)(A)(i) experience a disproportionate burden of the negative human health and environmental impacts of pollution or other environmental hazards, such as natural disasters; or experience, disproportionate, burden, negative, human, health, environmental, impacts, pollution, hazards, natural, disasters
123 15.23 - 16.2 SEC. 2.(e)(2)(A)(ii) may not have access to public information and opportunities for meaningful public participation relating to human health and environmental planning, regulations, and enforcement; access, public, information, opportunities, meaningful, participation, relating, human, health, environmental, planning, regulations, enforcement
124 16.3 - 16.5 SEC. 2.(e)(2)(B) deindustrialized communities or communities with significant local economic reliance on carbon-intensive industries; deindustrialized, communities, significant, local, economic, reliance, carbon, intensive, industries
125 16.6 - 16.8 SEC. 2.(e)(2)(C) low-income communities at risk of impacts of natural disasters or sea level rise exacerbated by climate change; income, communities, risk, impacts, natural, disasters, sea, level, rise, exacerbated, climate
126 16.9 - 16.11 SEC. 2.(e)(2)(D) public or nonprofit entities that serve dislocated workers, veterans, or individuals with a barrier to employment; and public, nonprofit, entities, serve, dislocated, workers, veterans, individuals, barrier, employment
127 16.12 - 16.14 SEC. 2.(e)(2)(E) communities that have minimal or no investment in the approved practices and projects described in paragraph (3)(A)(i). communities, minimal, investment, approved, practices, projects, described
128 16.15 - 16.16 SEC. 2.(e)(3) GRANTS, LOAN GUARANTEES, AND OTHER INVESTMENT TOOLS.— grants, loan, guarantees, investment, tools
129 16.17 - 16.17 SEC. 2.(e)(3)(A) IN GENERAL.—The C2FC— c2fc
130 16.18 - 16.23 SEC. 2.(e)(3)(A)(i) shall provide grants to eligible entities and loan guarantees to eligible lenders issuing loans to eligible borrowers for approved practices and projects relating to climate change mitigation and resilience measures, including— grants, eligible, entities, loan, guarantees, lenders, issuing, loans, borrowers, approved, practices, projects, relating, climate, mitigation, resilience, measures
131 16.24 - 16.25 SEC. 2.(e)(3)(A)(i)(I) energy efficiency upgrades to infrastructure; energy, efficiency, upgrades, infrastructure
132 17.1 - 17.3 SEC. 2.(e)(3)(A)(i)(II) electric, hydrogen, and clean transportation programs and deployment, including programs— electric, hydrogen, clean, transportation, programs, deployment
133 17.4 - 17.7 SEC. 2.(e)(3)(A)(i)(II)(aa) to purchase personal vehicles, commercial vehicles, and public transportation fleets and school bus fleets; purchase, personal, vehicles, commercial, public, transportation, fleets, school, bus
134 17.8 - 17.10 SEC. 2.(e)(3)(A)(i)(II)(bb) to deploy electric vehicle charging and hydrogen infrastructure; and deploy, electric, vehicle, charging, hydrogen, infrastructure
135 17.11 - 17.13 SEC. 2.(e)(3)(A)(i)(II)(cc) to develop and deploy low carbon sustainable aviation fuels; develop, deploy, carbon, sustainable, aviation, fuels
136 17.14 - 17.16 SEC. 2.(e)(3)(A)(i)(III) clean energy and vehicle manufacturing research, demonstrations, and deployment; clean, energy, vehicle, manufacturing, research, demonstrations, deployment
137 17.17 - 17.18 SEC. 2.(e)(3)(A)(i)(IV) battery storage research, demonstrations, and deployment; battery, storage, research, demonstrations, deployment
138 17.19 - 17.21 SEC. 2.(e)(3)(A)(i)(V) development or purchase of equipment for practices described in section 6; development, purchase, equipment, practices, described
139 17.22 - 17.24 SEC. 2.(e)(3)(A)(i)(VI) development and deployment of clean energy and clean technologies, with a focus on— development, deployment, clean, energy, technologies, focus
140 18.1 - 18.9 SEC. 2.(e)(3)(A)(i)(VI)(aa) carbon capture, utilization, and sequestration, bioenergy with carbon capture and sequestration, direct air capture, and infrastructure associated with those processes, including construction of carrier pipelines for the transportation of anthropogenic carbon dioxide; carbon, capture, utilization, sequestration, bioenergy, direct, air, infrastructure, associated, processes, construction, carrier, pipelines, transportation, anthropogenic, dioxide
141 18.10 - 18.11 SEC. 2.(e)(3)(A)(i)(VI)(bb) energy storage and grid modernization; energy, storage, grid, modernization
142 18.12 - 18.12 SEC. 2.(e)(3)(A)(i)(VI)(cc) geothermal energy; geothermal, energy
143 18.13 - 18.14 SEC. 2.(e)(3)(A)(i)(VI)(dd) commercial and residential solar; commercial, residential, solar
144 18.15 - 18.15 SEC. 2.(e)(3)(A)(i)(VI)(ee) wind energy; and wind, energy
145 18.16 - 18.18 SEC. 2.(e)(3)(A)(i)(VI)(ff) any other clean technology use or development, as determined by the Board; clean, technology, development, determined, board
146 18.19 - 18.25 SEC. 2.(e)(3)(A)(i)(VII) measures that anticipate and prepare for climate change impacts, and reduce risks and enhance resilience to sea level rise, extreme weather events, heat island impacts, and other climate change impacts, including by— measures, anticipate, prepare, climate, impacts, reduce, risks, enhance, resilience, sea, level, rise, extreme, weather, events, heat, island
147 19.1 - 19.3 SEC. 2.(e)(3)(A)(i)(VII)(aa) building resilient energy, water, and transportation infrastructure; building, resilient, energy, water, transportation, infrastructure
148 19.4 - 19.6 SEC. 2.(e)(3)(A)(i)(VII)(bb) providing weatherization assistance for low-income households; and providing, weatherization, assistance, income, households
149 19.7 - 19.8 SEC. 2.(e)(3)(A)(i)(VII)(cc) increasing the resilience of the agriculture sector; and increasing, resilience, agriculture, sector
150 19.9 - 19.11 SEC. 2.(e)(3)(A)(i)(VIII) natural infrastructure research, demonstrations, and deployment; and natural, infrastructure, research, demonstrations, deployment
151 19.12 - 19.16 SEC. 2.(e)(3)(A)(ii) may implement other investment tools and products approved by the Board, pursuant to subparagraph (C), to achieve the mission of the C2FC described in subsection (a)(2). implement, investment, tools, products, approved, board, pursuant, subparagraph, achieve, mission, c2fc, described, subsection
152 19.17 - 19.17 SEC. 2.(e)(3)(B) LOAN GUARANTEES.— loan, guarantees
153 19.18 - 19.22 SEC. 2.(e)(3)(B)(i) IN GENERAL.—In providing loan guarantees under subparagraph (A), the C2FC shall cooperate with eligible lenders through agreements to participate on a deferred (guaranteed) basis. providing, loan, guarantees, subparagraph, c2fc, cooperate, eligible, lenders, agreements, participate, deferred, guaranteed, basis
154 19.23 - 20.3 SEC. 2.(e)(3)(B)(ii) LEVEL OF PARTICIPATION IN GUARANTEED LOANS.—In providing a loan guarantee under subparagraph (A), the C2FC shall guarantee 75 percent of the balance of the financing outstanding at the time of disbursement of the loan. level, participation, guaranteed, loans, providing, loan, guarantee, subparagraph, c2fc, balance, financing, outstanding, disbursement
155 20.4 - 20.12 SEC. 2.(e)(3)(B)(iii) INTEREST RATES.—Notwithstanding the provisions of the constitution of any State or the laws of any State limiting the rate or amount of interest that may be charged, taken, received, or reserved, the maximum legal rate of interest on any financing made on a deferred basis under this subsection shall not exceed a rate prescribed by the C2FC. interest, rates, notwithstanding, provisions, constitution, state, laws, limiting, rate, amount, charged, reserved, maximum, legal, financing, deferred, basis, subsection, exceed, prescribed, c2fc
156 20.13 - 20.13 SEC. 2.(e)(3)(B)(iv) GUARANTEE FEES.— guarantee, fees
157 20.14 - 20.21 SEC. 2.(e)(3)(B)(iv)(I) IN GENERAL.—With respect to each loan guaranteed under this subsection (other than a loan that is repayable in 1 year or less), the C2FC shall collect a guarantee fee, which shall be payable by the eligible lender, and may be charged to the eligible borrower in accordance with subclause respect, loan, guaranteed, subsection, repayable, c2fc, collect, guarantee, fee, payable, eligible, lender, charged, borrower, accordance, subclause
158 20.22 - 20.22 SEC. 2.(e)(3)(B)(iv)(II) . (II) BORROWER CHARGES.—A guarantee fee described in subclause
161 21.3 - 21.6 SEC. 2.(e)(3)(B)(iv)(II)(aa) exceed 2 percent of the deferred participation share of a total loan amount that is equal to or less than $150,000; exceed, deferred, participation, total, loan, amount, equal, 150,000
162 21.7 - 21.11 SEC. 2.(e)(3)(B)(iv)(II)(bb) exceed 3 percent of the deferred participation share of a total loan amount that is greater than $150,000 but less than $700,000; or exceed, deferred, participation, total, loan, amount, greater, 150,000, 700,000
163 21.12 - 21.16 SEC. 2.(e)(3)(B)(iv)(II)(cc) exceed 3.5 percent of the deferred participation share of a total loan amount that is equal to or greater than $700,000. exceed, deferred, participation, total, loan, amount, equal, greater, 700,000
164 21.17 - 21.18 SEC. 2.(e)(3)(C) OTHER INVESTMENT TOOLS AND PRODUCTS.— investment, tools, products
165 21.19 - 21.25 SEC. 2.(e)(3)(C)(i) IN GENERAL.—The Board may, based on market needs, develop and implement any other investment tool or product necessary to achieve the mission of the C2FC described in subsection (a)(2) and the deployment of projects described in subparagraph (A)(i), including offering— board, market, needs, develop, implement, investment, tool, product, necessary, achieve, mission, c2fc, described, subsection, deployment, projects, subparagraph, offering
166 22.1 - 22.2 SEC. 2.(e)(3)(C)(i)(I) warehousing and aggregation credit facilities; warehousing, aggregation, credit, facilities
167 22.3 - 22.3 SEC. 2.(e)(3)(C)(i)(II) zero interest loans; zero, interest, loans
168 22.4 - 22.4 SEC. 2.(e)(3)(C)(i)(III) credit enhancements; and credit, enhancements
169 22.5 - 22.5 SEC. 2.(e)(3)(C)(i)(IV) construction finance. construction, finance
170 22.6 - 22.7 SEC. 2.(e)(3)(C)(ii) STATE AND LOCAL GREEN BANKS.—The Board shall provide— state, local, banks, board
171 22.8 - 22.11 SEC. 2.(e)(3)(C)(ii)(I) funds to United States Green Bank Institutions as necessary to finance projects that are best served by those entities; and funds, united, states, bank, institutions, necessary, finance, projects, served, entities
172 22.12 - 22.14 SEC. 2.(e)(3)(C)(ii)(II) technical assistance as necessary to States and localities seeking to establish green banks. technical, assistance, necessary, states, localities, seeking, establish, banks
173 22.15 - 22.15 SEC. 2.(e)(4) WAGE RATE REQUIREMENTS.— wage, rate, requirements
174 22.16 - 23.2 SEC. 2.(e)(4)(A) IN GENERAL.—All laborers and mechanics employed by eligible entities and eligible borrowers on projects funded directly by or assisted in whole or in part by the activities of the C2FC under this section shall be paid at wages at rates not less than those prevailing on projects of a similar character in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of title 40, United States Code (commonly known as the ‘‘Davis-Bacon Act’’). laborers, mechanics, employed, eligible, entities, borrowers, projects, funded, directly, assisted, activities, c2fc, paid, wages, rates, prevailing, character, locality, determined, secretary, labor, accordance, iv, united, states, code, commonly, known, davis, bacon, act
175 23.3 - 23.9 SEC. 2.(e)(4)(B) AUTHORITY.—With respect to the labor standards specified in subparagraph (A), the Secretary of Labor shall have the authority and functions set forth in Reorganization Plan Numbered 14 of 1950 (64 Stat. 1267; 5 U.S.C. App.) and section 3145 of title 40, United States Code. authority, respect, labor, standards, specified, subparagraph, secretary, functions, forth, reorganization, plan, numbered, stat, u.s.c, app, united, states, code
176 23.10 - 23.10 SEC. 2.(e)(5) BUY AMERICA REQUIREMENTS.— america, requirements
177 23.11 - 23.14 SEC. 2.(e)(5)(A) IN GENERAL.—All iron, steel, and manufactured goods used for projects under this section shall be produced in the United States. iron, steel, manufactured, goods, projects, produced, united, states
178 23.15 - 23.17 SEC. 2.(e)(5)(B) WAIVER.—The Board may waive the requirement in subparagraph (A) if the Board finds that— waiver, board, waive, requirement, subparagraph, finds
179 23.18 - 23.19 SEC. 2.(e)(5)(B)(i) enforcing the requirement would be inconsistent with the public interest; enforcing, requirement, inconsistent, public, interest
180 23.20 - 23.24 SEC. 2.(e)(5)(B)(ii) the iron, steel, and manufactured goods produced in the United States are not produced in a sufficient and reasonably available amount or are not of a satisfactory quality; or iron, steel, manufactured, goods, produced, united, states, sufficient, reasonably, available, amount, satisfactory, quality
181 24.1 - 24.3 SEC. 2.(e)(5)(B)(iii) enforcing the requirement will increase the overall cost of the project by more than 25 percent. enforcing, requirement, increase, overall, cost, project
182 24.4 - 24.6 SEC. 2.(f) PROGRAM REVIEW AND REPORT.—Not later than 2 years after the date of enactment of this Act, and every 2 years thereafter, the Board shall— program, review, report, years, enactment, act, thereafter, board
183 24.7 - 24.10 SEC. 2.(f)(1) conduct a review of the activities of the C2FC and identify projects and funding opportunities that were a part of the current investment plan; and conduct, review, activities, c2fc, identify, projects, funding, opportunities, investment, plan
184 24.11 - 24.12 SEC. 2.(f)(2) submit to Congress and make publicly available a report that— submit, congress, publicly, available, report
185 24.13 - 24.17 SEC. 2.(f)(2)(A) describes the projects and funding opportunities that have been most successful in progressing towards the mission described in subsection (a)(2) during the time period covered by the report; describes, projects, funding, opportunities, successful, progressing, towards, mission, described, subsection, period, covered, report
186 24.18 - 24.21 SEC. 2.(f)(2)(B) includes recommendations on the clean energy and resiliency projects that should be prioritized in forthcoming years to achieve that mission; recommendations, clean, energy, resiliency, projects, prioritized, forthcoming, years, achieve, mission
187 24.22 - 24.24 SEC. 2.(f)(2)(C) quantifies the total amount and percentage of funding given to prioritized communities described in subsection (e)(2); and quantifies, total, amount, percentage, funding, prioritized, communities, described, subsection
188 25.1 - 25.3 SEC. 2.(f)(2)(D) identifies barriers for disadvantaged groups to receive C2FC funding and provides recommendations to address those barriers. identifies, barriers, disadvantaged, c2fc, funding, recommendations, address
189 25.4 - 25.8 SEC. 2.(g) INITIAL CAPITALIZATION.—There is appropriated to carry out this section, out of any funds in the Treasury not otherwise appropriated, $7,500,000,000 for each of fiscal years 2022 and 2023, to remain available until expended. initial, capitalization, appropriated, carry, funds, treasury, otherwise, 7,500,000,000, fiscal, years, remain, available, expended
190 25.9 - 25.9 SEC. 3. CARBON FEE. carbon, fee
191 25.10 - 25.13 SEC. 3.(a) IN GENERAL.—Chapter 38 of subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new subchapter: ‘‘Subchapter E—Carbon Fee subtitle, internal, revenue, code, amended, adding, new, carbon, fee
192 25.14 - 25.15 [SEC. 3.(a)] SEC. 4691. DEFINITIONS. ‘‘For purposes of this subchapter— (1) ADMINISTRATOR.—The term ‘Administrator’ means the Administrator of the Environmental Protection Agency. definitions, purposes
220 29.14 - 29.14 [SEC. 3.(a)] SEC. 4692. CARBON FEE. carbon, fee
221 29.15 - 29.15 [SEC. 3.(a)] SEC. 4692.(a) DEFINITIONS.—In this section: definitions
222 29.16 - 29.19 [SEC. 3.(a)] SEC. 4692.(a)(1) APPLICABLE PERIOD.—The term ‘applicable period’ means, with respect to any determination made by the Secretary under subsection (e)(3) for any calendar year, the period— applicable, period, term, respect, determination, secretary, subsection, calendar
223 29.20 - 29.20 [SEC. 3.(a)] SEC. 4692.(a)(1)(A) beginning on January 1, 2023, and beginning, january
224 29.21 - 29.22 [SEC. 3.(a)] SEC. 4692.(a)(1)(B) ending on December 31 of the preceding calendar year. ending, december, preceding, calendar
225 29.23 - 30.2 [SEC. 3.(a)] SEC. 4692.(a)(2) CUMULATIVE EMISSIONS.—The term ‘cumulative emissions’ means an amount equal to the sum of any greenhouse gas emissions resulting from the use of covered fuels and any noncovered fuel emissions for all years during the applicable period. cumulative, emissions, term, amount, equal, sum, greenhouse, gas, resulting, covered, fuels, noncovered, fuel, years, applicable, period
226 30.3 - 30.6 [SEC. 3.(a)] SEC. 4692.(a)(3) CUMULATIVE EMISSIONS TARGET.—The term ‘cumulative emissions target’ means an amount equal to the sum of the emissions targets for all years during the applicable period. cumulative, emissions, target, term, amount, equal, sum, targets, years, applicable, period
227 30.7 - 30.10 [SEC. 3.(a)] SEC. 4692.(a)(4) EMISSIONS TARGET.—The term ‘emissions target’ means the target for greenhouse gas emissions during a calendar year as determined under subsection (e)(1). emissions, target, term, greenhouse, gas, calendar, determined, subsection
228 30.11 - 30.14 [SEC. 3.(a)] SEC. 4692.(b) CARBON FEE.—During any calendar year that begins after December 31, 2022, there is imposed a carbon fee on any covered entity’s use, sale, or transfer of any covered fuel. carbon, fee, calendar, begins, december, imposed, covered, entity’s, sale, transfer, fuel
229 30.15 - 30.16 [SEC. 3.(a)] SEC. 4692.(c) AMOUNT OF THE CARBON FEE.—The carbon fee imposed by this section is an amount equal to— amount, carbon, fee, imposed, equal
230 30.17 - 30.18 [SEC. 3.(a)] SEC. 4692.(c)(1) the greenhouse gas content of the covered fuel, multiplied by greenhouse, gas, content, covered, fuel, multiplied
231 30.19 - 30.20 [SEC. 3.(a)] SEC. 4692.(c)(2) the carbon fee rate, as determined under subsection (d). carbon, fee, rate, determined, subsection
232 30.21 - 30.22 [SEC. 3.(a)] SEC. 4692.(d) CARBON FEE RATE.—The carbon fee rate shall be determined in accordance with the following: carbon, fee, rate, determined, accordance
233 30.23 - 30.25 [SEC. 3.(a)] SEC. 4692.(d)(1) IN GENERAL.—The carbon fee rate, with respect to any use, sale, or transfer during a calendar year, shall be— carbon, fee, rate, respect, sale, transfer, calendar
234 31.1 - 31.2 [SEC. 3.(a)] SEC. 4692.(d)(1)(A) in the case of calendar year 2023, $25, and case, calendar
235 31.3 - 31.5 [SEC. 3.(a)] SEC. 4692.(d)(1)(B) except as provided in paragraphs (2) and (3), in the case of any calendar year after 2023, the amount equal to the sum of— except, paragraphs, case, calendar, amount, equal, sum
236 31.6 - 31.6 [SEC. 3.(a)] SEC. 4692.(d)(1)(B)(i) the amount under subparagraph (A), plus amount, subparagraph
238 31.8 - 31.9 [SEC. 3.(a)] SEC. 4692.(d)(1)(B)(ii)(I) in the case of calendar year 2024, $10, and case, calendar
239 31.10 - 31.13 [SEC. 3.(a)] SEC. 4692.(d)(1)(B)(ii)(II) in the case of any calendar year after 2024, the amount in effect under this clause for the preceding calendar year, plus $10. case, calendar, amount, effect, clause, preceding
240 31.14 - 31.14 [SEC. 3.(a)] SEC. 4692.(d)(2) INFLATION ADJUSTMENT.— inflation, adjustment
241 31.15 - 31.18 [SEC. 3.(a)] SEC. 4692.(d)(2)(A) IN GENERAL.—In the case of any calendar year after 2023, the amount determined under paragraph (1)(B) shall be increased by an amount equal to— case, calendar, amount, determined, increased, equal
242 31.19 - 31.19 [SEC. 3.(a)] SEC. 4692.(d)(2)(A)(i) that dollar amount, multiplied by dollar, amount, multiplied
243 31.20 - 31.24 [SEC. 3.(a)] SEC. 4692.(d)(2)(A)(ii) the cost-of-living adjustment determined under section 1(f)(3) for that calendar year, determined by substituting ‘2022’ for ‘2016’ in subparagraph (A)(ii) thereof. cost, adjustment, determined, calendar, substituting, subparagraph, thereof
244 32.1 - 32.4 [SEC. 3.(a)] SEC. 4692.(d)(2)(B) ROUNDING.—If any increase determined under subparagraph (A) is not a multiple of $1, such increase shall be rounded up to the next whole dollar amount. rounding, increase, determined, subparagraph, multiple, rounded, dollar, amount
245 32.5 - 32.5 [SEC. 3.(a)] SEC. 4692.(d)(3) ADJUSTMENT OF CARBON FEE RATE.— adjustment, carbon, fee, rate
246 32.6 - 32.12 [SEC. 3.(a)] SEC. 4692.(d)(3)(A) INCREASE IN RATE FOLLOWING MISSED CUMULATIVE EMISSIONS TARGET.—In the case of any calendar year following a determination by the Secretary pursuant to subsection (e)(3) that the cumulative emissions for the preceding calendar year exceeded the cumulative emissions target for such year, paragraph increase, rate, missed, cumulative, emissions, target, case, calendar, determination, secretary, pursuant, subsection, preceding, exceeded
247 32.13 - 32.13 SEC. 3.(a)(1) (B)(ii)(II) shall be applied— applied
248 32.14 - 32.16 [SEC. 3.(a)(1)] (i) in the case of calendar years 2026 through 2030, by substituting ‘$15’ for ‘$10’, (ii) in the case of calendar years 2031 through 2040, by substituting ‘$20’ for ‘$10’, and case, calendar, years, substituting
256 33.18 - 33.18 [SEC. 3.(a)(1)] (i)(1) IN GENERAL.—
257 33.19 - 33.22 [SEC. 3.(a)(1)] (i)(1)(A) REFERENCE YEAR.—For purposes of subsection (d), the emissions target for any year shall be the amount of greenhouse gas emissions that is equal to— reference, purposes, subsection, emissions, target, amount, greenhouse, gas, equal
258 33.23 - 34.2 [SEC. 3.(a)(1)] (i)(1)(A)(i) for calendar years 2023 and 2024, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel during calendar year 2018, and calendar, years, applicable, percentage, total, amount, greenhouse, gas, emissions, covered, fuel
259 34.3 - 34.8 [SEC. 3.(a)(1)] (i)(1)(A)(ii) for calendar year 2025 and each calendar year thereafter, the applicable percentage of the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018. calendar, thereafter, applicable, percentage, total, amount, greenhouse, gas, emissions, covered, fuel, noncovered
260 34.9 - 34.18 [SEC. 3.(a)(1)] (i)(1)(B) METHODOLOGY.—For purposes of subparagraph (A), with respect to determining the total amount of greenhouse gas emissions from the use of any covered fuel and noncovered fuel emissions during calendar year 2018, the Administrator shall use such methods as are determined appropriate, provided that such methods are, to the greatest extent practicable, comparable to the methods established under paragraph (4). methodology, purposes, subparagraph, respect, determining, total, amount, greenhouse, gas, emissions, covered, fuel, noncovered, calendar, administrator, methods, determined, appropriate, greatest, extent, practicable, comparable, established
261 34.19 - 34.19 [SEC. 3.(a)(1)] (i)(2) APPLICABLE PERCENTAGE.— applicable, percentage
262 34.20 - 34.22 [SEC. 3.(a)(1)] (i)(2)(A) 2023 THROUGH 2035.—In the case of calendar years 2023 through 2035, the applicable percentage shall be determined as follows: case, calendar, years, applicable, percentage, determined, follows
263 35.1 - 35.3 [SEC. 3.(a)(1)] (i)(2)(B) 2036 THROUGH 2050.—In the case of calendar years 2036 through 2050, the applicable percentage shall be equal to— case, calendar, years, applicable, percentage, equal
264 35.4 - 35.5 [SEC. 3.(a)(1)] (i)(2)(B)(i) the applicable percentage for the preceding year, minus applicable, percentage, preceding, minus
265 35.6 - 35.6 [SEC. 3.(a)(1)] (i)(2)(B)(ii) 2 percentage points. percentage
266 35.7 - 35.9 [SEC. 3.(a)(1)] (i)(2)(C) AFTER 2050.—In the case of any calendar year beginning after 2050, the applicable percentage shall be equal to 10 percent. case, calendar, beginning, applicable, percentage, equal
267 35.10 - 35.11 [SEC. 3.(a)(1)] (i)(3) EMISSIONS REPORTING AND DETERMINATIONS.— emissions, reporting, determinations
268 35.12 - 35.16 [SEC. 3.(a)(1)] (i)(3)(A) REPORTING.—Not later than September 30, 2024, and annually thereafter, the Administrator, in consultation with the Secretary, shall make available to the public a report on— reporting, september, annually, thereafter, administrator, consultation, secretary, available, public, report
269 35.17 - 35.18 [SEC. 3.(a)(1)] (i)(3)(A)(i) the cumulative emissions with respect to the preceding calendar year, and cumulative, emissions, respect, preceding, calendar
270 35.19 - 35.21 [SEC. 3.(a)(1)] (i)(3)(A)(ii) any other relevant information, as determined appropriate by the Administrator. relevant, information, determined, appropriate, administrator
271 36.1 - 36.8 [SEC. 3.(a)(1)] (i)(3)(B) DETERMINATIONS.—Not later than September 30, 2025, and annually thereafter, the Administrator, in consultation with the Secretary and as part of the report described in subparagraph (A), shall determine whether cumulative emissions with respect to the preceding calendar year exceeded the cumulative emissions target with respect to such year. determinations, september, annually, thereafter, administrator, consultation, secretary, report, described, subparagraph, determine, cumulative, emissions, respect, preceding, calendar, exceeded, target
272 36.9 - 36.10 [SEC. 3.(a)(1)] (i)(4) EMISSIONS ACCOUNTING METHODOLOGY.— emissions, accounting, methodology
273 36.11 - 36.15 [SEC. 3.(a)(1)] (i)(4)(A) IN GENERAL.—Not later than January 1, 2023, the Administrator shall prescribe rules for greenhouse gas accounting for covered entities for purposes of this subchapter, which shall— january, administrator, prescribe, rules, greenhouse, gas, accounting, covered, entities, purposes
274 36.16 - 36.19 [SEC. 3.(a)(1)] (i)(4)(A)(i) to the greatest extent practicable, employ existing data collection methodologies and greenhouse gas accounting practices, greatest, extent, practicable, employ, existing, data, collection, methodologies, greenhouse, gas, accounting, practices
275 36.20 - 36.21 [SEC. 3.(a)(1)] (i)(4)(A)(ii) ensure that the method of accounting— ensure, method, accounting
276 36.22 - 36.22 [SEC. 3.(a)(1)] (i)(4)(A)(ii)(I) applies to— applies
277 36.23 - 37.2 [SEC. 3.(a)(1)] (i)(4)(A)(ii)(I)(aa) all greenhouse gas emissions from covered fuels and all noncovered fuel emissions, and greenhouse, gas, emissions, covered, fuels, noncovered, fuel
278 37.3 - 37.3 [SEC. 3.(a)(1)] (i)(4)(A)(ii)(I)(bb) all covered entities, covered, entities
279 37.4 - 37.4 [SEC. 3.(a)(1)] (i)(4)(A)(ii)(II) excludes— excludes
280 37.5 - 37.7 [SEC. 3.(a)(1)] (i)(4)(A)(ii)(II)(aa) any greenhouse gas emissions which are not described item (aa) of subclause (I), and greenhouse, gas, emissions, described, aa, subclause
281 37.8 - 37.10 [SEC. 3.(a)(1)] (i)(4)(A)(ii)(II)(bb) any entities which are not described in item (bb) of such subclause, and entities, described, bb, subclause
282 37.11 - 37.12 [SEC. 3.(a)(1)] (i)(4)(A)(ii)(III) appropriately accounts for— appropriately, accounts
283 37.13 - 37.16 [SEC. 3.(a)(1)] (i)(4)(A)(ii)(III)(aa) qualified carbon oxide which is captured and disposed or used in a manner described in section 4694, and qualified, carbon, oxide, captured, disposed, manner, described
284 37.17 - 37.19 [SEC. 3.(a)(1)] (i)(4)(A)(ii)(III)(bb) nonemitting uses of covered fuels, as described in subsection (f), nonemitting, uses, covered, fuels, described, subsection
285 37.20 - 37.24 [SEC. 3.(a)(1)] (i)(4)(A)(iii) subject to such penalties as are determined appropriate by the Administrator, require any covered entity to report, not later than April 1 of each calendar year— subject, penalties, determined, appropriate, administrator, require, covered, entity, report, april, calendar
286 38.1 - 38.5 [SEC. 3.(a)(1)] (i)(4)(A)(iii)(I) the total greenhouse gas content of any covered fuels used, sold, or transferred by such covered entity during the preceding calendar year, and total, greenhouse, gas, content, covered, fuels, sold, transferred, entity, preceding, calendar
287 38.6 - 38.8 [SEC. 3.(a)(1)] (i)(4)(A)(iii)(II) the total noncovered fuel emissions of the covered entity during the preceding calendar year, and total, noncovered, fuel, emissions, covered, entity, preceding, calendar
288 38.9 - 38.16 [SEC. 3.(a)(1)] (i)(4)(A)(iv) require any information reported pursuant to clause (iii) to be verified by a third-party entity that, subject to such process as is determined appropriate by the Administrator, has been certified by the Administrator with respect to the qualifications, independence, and reliability of such entity. require, information, reported, pursuant, clause, iii, verified, entity, subject, process, determined, appropriate, administrator, certified, respect, qualifications, independence, reliability
289 38.17 - 38.23 [SEC. 3.(a)(1)] (i)(4)(B) GREENHOUSE GAS REPORTING PROGRAM.—For purposes of establishing the rules described in subparagraph (A), the Administrator may elect to modify the activities of the Greenhouse Gas Reporting Program to satisfy the requirements described in clauses (i) through (iv) of such subparagraph. greenhouse, gas, reporting, program, purposes, establishing, rules, described, subparagraph, administrator, elect, modify, activities, satisfy, requirements, clauses, iv
290 38.24 - 39.6 [SEC. 3.(a)(1)] (i)(5) REVISIONS.—With respect to any determination made by the Administrator as to the amount of greenhouse gas emissions for any calendar year (including calendar year 2018), any subsequent revision by the Administrator with respect to such amount shall apply for purposes of the fee imposed under subsection (b) for any calendar years beginning after such revision. (f) EXEMPTION AND REFUND.—The Secretary shall prescribe such rules as are necessary to ensure the carbon fee imposed by this section is not imposed with respect to any nonemitting use, or any sale or transfer for a nonemitting use, including rules providing for the refund of any carbon fee paid under this section with respect to any such use, sale, or transfer. revisions, respect, determination, administrator, amount, greenhouse, gas, emissions, calendar, subsequent, revision, apply, purposes, fee, imposed, subsection, years, beginning
298 40.11 - 40.11 [SEC. 3.(a)(1)] SEC. 4693. FEE ON NONCOVERED FUEL EMISSIONS. fee, noncovered, fuel, emissions
299 40.12 - 40.15 [SEC. 3.(a)(1)] SEC. 4693.(a) IN GENERAL.—During any calendar year that begins after December 31, 2024, there is imposed a fee on a covered entity for any noncovered fuel emissions which occur during the calendar year. calendar, begins, december, imposed, fee, covered, entity, noncovered, fuel, emissions, occur
300 40.16 - 40.16 [SEC. 3.(a)(1)] SEC. 4693.(b) AMOUNT.—The fee to be paid under subsection (a) by the covered entity which is the source of the emissions described in that subsection shall be an amount equal to— amount, fee, paid, subsection
302 40.20 - 40.21 [SEC. 3.(a)(1)] SEC. 4693.(b)(1) the total amount, in metric tons of CO2e, of emitted greenhouse gases, multiplied by total, amount, metric, tons, co2e, emitted, greenhouse, gases, multiplied
303 40.22 - 40.24 [SEC. 3.(a)(1)] SEC. 4693.(b)(2) an amount equal to the carbon fee rate in effect under section 4692(d) for the calendar year of such emission. amount, equal, carbon, fee, rate, effect, calendar, emission
304 41.1 - 41.6 [SEC. 3.(a)(1)] SEC. 4693.(c) ADMINISTRATIVE AUTHORITY.—The Secretary, in consultation with the Administrator, shall prescribe such regulations, and other guidance, to assess and collect the carbon fee imposed by this section, including regulations describing the requirements for the quarterly payment of such fees. administrative, authority, secretary, consultation, administrator, prescribe, regulations, guidance, assess, collect, carbon, fee, imposed, describing, requirements, quarterly, payment, fees
305 41.7 - 41.8 [SEC. 3.(a)(1)] SEC. 4694. REFUNDS FOR CARBON CAPTURE, SEQUESTRATION, AND UTILIZATION. refunds, carbon, capture, sequestration, utilization
306 41.9 - 41.9 [SEC. 3.(a)(1)] SEC. 4694.(a) IN GENERAL.—
307 41.10 - 41.14 [SEC. 3.(a)(1)] SEC. 4694.(a)(1) CAPTURE, SEQUESTRATION, AND USE.— The Secretary, in consultation with the Administrator and the Secretary of Energy, shall prescribe regulations for providing payments to any person which captures qualified carbon oxide which is— capture, sequestration, secretary, consultation, administrator, energy, prescribe, regulations, providing, payments, captures, qualified, carbon, oxide
308 41.15 - 41.17 [SEC. 3.(a)(1)] SEC. 4694.(a)(1)(A) disposed of by such person in secure geological storage, as described in section 45Q(f)(2), or disposed, secure, geological, storage, described, 45q
309 41.18 - 41.19 [SEC. 3.(a)(1)] SEC. 4694.(a)(1)(B) used in a manner which has been approved by the Secretary pursuant to subsection (c). manner, approved, secretary, pursuant, subsection
311 41.21 - 41.25 [SEC. 3.(a)(1)] SEC. 4694.(a)(2) ELECTION.—If the person described in paragraph (1) makes an election under this paragraph in such time and manner as the Secretary may prescribe by regulations, the credit under this section— election, described, manner, secretary, prescribe, regulations, credit
312 42.1 - 42.3 [SEC. 3.(a)(1)] SEC. 4694.(a)(2)(A) shall be allowable to the person that owns the facility described in subsection (b)(1), and allowable, owns, facility, described, subsection
313 42.4 - 42.5 [SEC. 3.(a)(1)] SEC. 4694.(a)(2)(B) shall not be allowable to the person described in paragraph (1). allowable, described
314 42.6 - 42.6 [SEC. 3.(a)(1)] SEC. 4694.(b) PAYMENTS FOR CARBON CAPTURE.— payments, carbon, capture
315 42.7 - 42.12 [SEC. 3.(a)(1)] SEC. 4694.(b)(1) IN GENERAL.—In the case of any facility for which carbon capture equipment has been placed in service, the Secretary shall make payments in the same manner as if such payment was a refund of an overpayment of the fee imposed by section 4692 or 4693. case, facility, carbon, capture, equipment, placed, service, secretary, payments, manner, payment, refund, overpayment, fee, imposed
316 42.13 - 42.15 [SEC. 3.(a)(1)] SEC. 4694.(b)(2) AMOUNT OF PAYMENT.—The payment determined under this subsection shall be an amount equal to— amount, payment, determined, subsection, equal
317 42.16 - 42.19 [SEC. 3.(a)(1)] SEC. 4694.(b)(2)(A) the metric tons of qualified carbon oxide captured and disposed of, used, or utilized in a manner consistent with subsection (a), multiplied by metric, tons, qualified, carbon, oxide, captured, disposed, utilized, manner, consistent, subsection, multiplied
318 42.20 - 42.23 [SEC. 3.(a)(1)] SEC. 4694.(b)(2)(B)(i) the carbon fee rate during the year in which the carbon fee was imposed by section 4692 on the covered fuel to which such carbon oxide relates, or carbon, fee, rate, imposed, covered, fuel, oxide, relates
319 42.24 - 43.3 [SEC. 3.(a)(1)] SEC. 4694.(b)(2)(B)(ii) in the case of a direct air capture facility (as defined in section 45Q(e)(1)), the carbon fee rate during the year in which the qualified carbon oxide was captured and disposed of, used, or utilized. case, direct, air, capture, facility, defined, 45q, carbon, fee, rate, qualified, oxide, captured, disposed, utilized
320 43.4 - 43.9 [SEC. 3.(a)(1)] SEC. 4694.(c) APPROVED USES OF QUALIFIED CARBON OXIDE.—The Secretary, in consultation with Administrator and the Secretary of Energy, shall, through regulation or other public guidance, determine which uses of qualified carbon oxide are eligible for payments under this section, which may include— approved, uses, qualified, carbon, oxide, secretary, consultation, administrator, energy, regulation, public, guidance, determine, eligible, payments
321 43.10 - 43.10 [SEC. 3.(a)(1)] SEC. 4694.(c)(1) utilization in a manner described in clause (i) or (ii) of section 45Q(f)(5)(A), or utilization, manner, described, clause
323 43.12 - 43.13 [SEC. 3.(a)(1)] SEC. 4694.(c)(2) any other use which ensures minimal leakage or escape of such carbon oxide. ensures, minimal, leakage, escape, carbon, oxide
324 43.14 - 43.15 [SEC. 3.(a)(1)] SEC. 4694.(d) EXCEPTION.—In the case of any facility which is owned by an entity that is determined to be— exception, case, facility, owned, entity, determined
325 43.16 - 43.17 [SEC. 3.(a)(1)] SEC. 4694.(d)(1) in violation of any applicable air or water quality regulations, or violation, applicable, air, water, quality, regulations
326 43.18 - 43.23 [SEC. 3.(a)(1)] SEC. 4694.(d)(2) with respect to any environmental justice community (as defined in section 2(d)(1)(D) of the America’s Clean Future Fund Act), creating health or environmental harm to such community, such facility shall not be eligible for any payment under this section during the period of such violation. respect, environmental, justice, community, defined, america’s, clean, future, fund, act, creating, health, harm, facility, eligible, payment, period, violation
327 44.1 - 44.1 [SEC. 3.(a)(1)] SEC. 4695. BORDER ADJUSTMENTS. border, adjustments
328 44.2 - 44.4 [SEC. 3.(a)(1)] SEC. 4695.(a) IN GENERAL.—The fees imposed by, and refunds allowed under, this section shall be referred to as ‘the carbon border fee adjustment’. fees, imposed, refunds, allowed, referred, carbon, border, fee, adjustment
329 44.5 - 44.5 [SEC. 3.(a)(1)] SEC. 4695.(b) EXPORTS.— exports
330 44.6 - 44.14 [SEC. 3.(a)(1)] SEC. 4695.(b)(1) CARBON-INTENSIVE PRODUCTS.—In the case of any carbon-intensive product which is exported from the United States, the Secretary shall pay to the person exporting such product a refund equal to the amount of the cost of such product attributable to any fees imposed under this subchapter related to the manufacturing of such product (as determined under regulations established by the Secretary). carbon, intensive, products, case, product, exported, united, states, secretary, exporting, refund, equal, amount, cost, attributable, fees, imposed, related, manufacturing, determined, regulations, established
331 44.15 - 44.21 [SEC. 3.(a)(1)] SEC. 4695.(b)(2) COVERED FUELS.—In the case of any covered fuel which is exported from the United States, the Secretary shall pay to the person exporting such fuel a refund equal to the amount of the cost of such fuel attributable to any fees imposed under this subchapter related to the use, sale, or transfer of such fuel. covered, fuels, case, fuel, exported, united, states, secretary, exporting, refund, equal, amount, cost, attributable, fees, imposed, related, sale, transfer
332 44.22 - 44.22 [SEC. 3.(a)(1)] SEC. 4695.(c) IMPORTS.— imports
333 44.23 - 44.23 [SEC. 3.(a)(1)] SEC. 4695.(c)(1) CARBON-INTENSIVE PRODUCTS.— carbon, intensive, products
334 44.24 - 45.8 [SEC. 3.(a)(1)] SEC. 4695.(c)(1)(A) IMPOSITION OF EQUIVALENCY FEE.— In the case of any carbon-intensive product imported into the United States, there is imposed an equivalency fee on the person importing such product in an amount equal to the cost of such product that would be attributable to any fees imposed under this subchapter related to the manufacturing of such product if any inputs or processes used in manufacturing such product were subject to such fees (as determined under regulations established by the Secretary). imposition, equivalency, fee, case, carbon, intensive, product, imported, united, states, imposed, importing, amount, equal, cost, attributable, fees, related, manufacturing, inputs, processes, subject, determined, regulations, established, secretary
335 45.9 - 45.14 [SEC. 3.(a)(1)] SEC. 4695.(c)(1)(B) REDUCTION IN FEE.—The amount of the equivalency fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the carbon-intensive product by the foreign nation or governmental units from which such product was imported. reduction, fee, amount, equivalency, subparagraph, reduced, fees, imposed, carbon, intensive, product, foreign, nation, governmental, units, imported
336 45.15 - 45.15 [SEC. 3.(a)(1)] SEC. 4695.(c)(2) COVERED FUELS.— covered, fuels
337 45.16 - 45.22 [SEC. 3.(a)(1)] SEC. 4695.(c)(2)(A) IN GENERAL.—In the case of any covered fuel imported into the United States, there is imposed a fee on the person importing such fuel in an amount equal to the amount of any fees that would be imposed under this subchapter related to the use, sale, or transfer of such fuel. case, covered, fuel, imported, united, states, imposed, fee, importing, amount, equal, fees, related, sale, transfer
338 45.23 - 46.3 [SEC. 3.(a)(1)] SEC. 4695.(c)(2)(B) REDUCTION IN FEE.—The amount of the fee under subparagraph (A) shall be reduced by the amount, if any, of any fees imposed on the covered fuel by the foreign nation or governmental units from which the fuel was imported. reduction, fee, amount, subparagraph, reduced, fees, imposed, covered, fuel, foreign, nation, governmental, units, imported
339 46.4 - 46.8 [SEC. 3.(a)(1)] SEC. 4695.(d) TREATMENT OF ALTERNATIVE POLICIES AS FEES.—Under regulations established by the Secretary, foreign policies that have substantially the same effect in reducing emissions of greenhouse gases as fees shall be treated as fees for purposes of subsections (b) and (c). treatment, alternative, policies, fees, regulations, established, secretary, foreign, substantially, effect, reducing, emissions, greenhouse, gases, treated, purposes, subsections
340 46.9 - 46.9 [SEC. 3.(a)(1)] SEC. 4695.(e) REGULATORY AUTHORITY.— regulatory, authority
341 46.10 - 46.14 [SEC. 3.(a)(1)] SEC. 4695.(e)(1) IN GENERAL.—The Secretary shall consult with the Administrator, the Secretary of Commerce, and the Secretary of Energy in establishing rules and regulations implementing the purposes of this section. secretary, consult, administrator, commerce, energy, establishing, rules, regulations, implementing, purposes
342 46.15 - 46.20 [SEC. 3.(a)(1)] SEC. 4695.(e)(2) TREATIES.—The Secretary, in consultation with the Secretary of State, may adjust the applicable amounts of the refunds and equivalency fees under this section in a manner that is consistent with any obligations of the United States under an international agreement.’’. treaties, secretary, consultation, state, adjust, applicable, amounts, refunds, equivalency, fees, manner, consistent, obligations, united, states, international, agreement
343 46.21 - 46.23 SEC. 3.(b) EFFECTIVE DATE.—The amendment made by this section shall apply to periods beginning after December 31, 2022. effective, amendment, apply, periods, beginning, december
344 47.1 - 47.1 SEC. 4. AMERICA’S CLEAN FUTURE FUND. america’s, clean, future, fund
345 47.2 - 47.4 SEC. 4.(a) IN GENERAL.—Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following: internal, revenue, code, amended, adding
346 47.5 - 47.5 [SEC. 4.(a)] SEC. 9512. AMERICA’S CLEAN FUTURE FUND. america’s, clean, future, fund
347 47.6 - 47.11 [SEC. 4.(a)] SEC. 9512.(a) ESTABLISHMENT AND FUNDING.—There is established in the Treasury of the United States a trust fund to be known as the ‘America’s Clean Future Fund’ (referred to in this section as the ‘Trust Fund’), consisting of such amounts as are appropriated to the Trust Fund under subsection (b). establishment, funding, established, treasury, united, states, trust, fund, known, america’s, clean, future, referred, consisting, amounts, appropriated, subsection
348 47.12 - 47.16 [SEC. 4.(a)] SEC. 9512.(b) TRANSFERS TO AMERICA’S CLEAN FUTURE FUND.—There is appropriated to the Trust Fund, out of any funds in the Treasury not otherwise appropriated, amounts equal to the fees received into the Treasury under sections 4692, 4693, and 4695, less— transfers, america’s, clean, future, fund, appropriated, trust, funds, treasury, otherwise, amounts, equal, fees, sections
349 47.17 - 47.18 [SEC. 4.(a)] SEC. 9512.(b)(1) any amounts refunded or paid under sections 4692(d), 4694, and 4695(b), and amounts, refunded, paid, sections
350 47.19 - 47.21 [SEC. 4.(a)] SEC. 9512.(b)(2) for each of the first 18 fiscal years beginning after September 30, 2023, an amount equal to the quotient of— fiscal, years, beginning, september, amount, equal, quotient
351 47.22 - 47.22 [SEC. 4.(a)] SEC. 9512.(b)(2)(A) $100,000,000,000, and 100,000,000,000
352 47.23 - 47.23 [SEC. 4.(a)] SEC. 9512.(b)(2)(B) 18.
353 47.24 - 47.25 [SEC. 4.(a)] SEC. 9512.(c) EXPENDITURES.—For each fiscal year, amounts in the Trust Fund shall be apportioned as follows: expenditures, fiscal, amounts, trust, fund, apportioned, follows
354 48.1 - 48.2 [SEC. 4.(a)] SEC. 9512.(c)(1) CARBON FEE REBATE AND AGRICULTURAL DECARBONIZATION TRANSITION PAYMENTS.— carbon, fee, rebate, agricultural, decarbonization, transition, payments
355 48.3 - 48.6 [SEC. 4.(a)] SEC. 9512.(c)(1)(A) CARBON FEE REBATE.—For the purposes described in section 5 of the America’s Clean Future Fund Act and any expenses necessary to administer such section— carbon, fee, rebate, purposes, described, america’s, clean, future, fund, act, expenses, necessary, administer
356 48.7 - 48.9 [SEC. 4.(a)] SEC. 9512.(c)(1)(A)(i) for each of the first 10 fiscal years beginning after September 30, 2023, an amount equal to— fiscal, years, beginning, september, amount, equal
357 48.10 - 48.11 [SEC. 4.(a)] SEC. 9512.(c)(1)(A)(i)(I) 75 percent of those amounts, minus amounts, minus
358 48.12 - 48.14 [SEC. 4.(a)] SEC. 9512.(c)(1)(A)(i)(II) the amount determined under subparagraph (B) for such fiscal year, and amount, determined, subparagraph, fiscal
359 48.15 - 48.17 [SEC. 4.(a)] SEC. 9512.(c)(1)(A)(ii) for any fiscal year beginning after the period described in clause (i), the applicable percentage of such amounts. fiscal, beginning, period, described, clause, applicable, percentage, amounts
360 48.18 - 48.24 [SEC. 4.(a)] SEC. 9512.(c)(1)(B) AGRICULTURAL DECARBONIZATION TRANSITION PAYMENTS.—For the purposes described in section 6 of the America’s Clean Future Fund Act, for each of the first 10 fiscal years beginning after September 30, 2023, an amount equal to 7 percent of the amount determined annually under subparagraph (A)(i)(I). agricultural, decarbonization, transition, payments, purposes, described, america’s, clean, future, fund, act, fiscal, years, beginning, september, amount, equal, determined, annually, subparagraph
361 49.1 - 49.3 [SEC. 4.(a)] SEC. 9512.(c)(1)(C) APPLICABLE PERCENTAGE.—For purposes of subparagraph (A)(ii), the applicable percentage shall be equal to— applicable, percentage, purposes, subparagraph, equal
362 49.4 - 49.5 [SEC. 4.(a)] SEC. 9512.(c)(1)(C)(i) for the first fiscal year beginning after the period described in subparagraph (A)(i), 76 percent, fiscal, beginning, period, described, subparagraph
364 49.7 - 49.11 [SEC. 4.(a)] SEC. 9512.(c)(1)(C)(ii) for each of the first 3 fiscal years subsequent to the period described in clause (i), the applicable percentage for the preceding fiscal year increased by 1 percentage point, and fiscal, years, subsequent, period, described, clause, applicable, percentage, preceding, increased, point
365 49.12 - 49.14 [SEC. 4.(a)] SEC. 9512.(c)(1)(C)(iii) for any fiscal year subsequent to the period described in clause (ii), 80 percent. fiscal, subsequent, period, described, clause
366 49.15 - 49.16 [SEC. 4.(a)] SEC. 9512.(c)(2) CLIMATE CHANGE FINANCE CORPORATION.— climate, finance, corporation
367 49.17 - 49.20 [SEC. 4.(a)] SEC. 9512.(c)(2)(A) IN GENERAL.—For the purposes described in section 2 of the America’s Clean Future Fund Act, the applicable percentage of such amounts. purposes, described, america’s, clean, future, fund, act, applicable, percentage, amounts
368 49.21 - 49.23 [SEC. 4.(a)] SEC. 9512.(c)(2)(B) APPLICABLE PERCENTAGE.—For purposes of this paragraph, the applicable percentage shall be equal to— applicable, percentage, purposes, equal
369 49.24 - 50.2 [SEC. 4.(a)] SEC. 9512.(c)(2)(B)(i) for each of the first 10 fiscal years beginning after the period described in subsection (e) of such section, 15 percent, fiscal, years, beginning, period, described, subsection
370 50.3 - 50.7 [SEC. 4.(a)] SEC. 9512.(c)(2)(B)(ii) for each of the first 4 fiscal years subsequent to the period described in clause (i), the applicable percentage for the preceding fiscal year increased by 1 percentage point, and fiscal, years, subsequent, period, described, clause, applicable, percentage, preceding, increased, point
371 50.8 - 50.10 [SEC. 4.(a)] SEC. 9512.(c)(2)(B)(iii) for any fiscal year subsequent to the period described in clause (ii), 20 percent. fiscal, subsequent, period, described, clause
372 50.11 - 50.12 [SEC. 4.(a)] SEC. 9512.(c)(3) TRANSITION ASSISTANCE FOR IMPACTED COMMUNITIES.— transition, assistance, impacted, communities
373 50.13 - 50.16 [SEC. 4.(a)] SEC. 9512.(c)(3)(A) IN GENERAL.—For the purposes described in section 7 of the America’s Clean Future Fund Act, the applicable percentage of such amounts. purposes, described, america’s, clean, future, fund, act, applicable, percentage, amounts
374 50.17 - 50.19 [SEC. 4.(a)] SEC. 9512.(c)(3)(B) APPLICABLE PERCENTAGE.—For purposes of this paragraph, the applicable percentage shall be equal to— applicable, percentage, purposes, equal
375 50.20 - 50.22 [SEC. 4.(a)] SEC. 9512.(c)(3)(B)(i) for each of the first 10 fiscal years beginning after September 30, 2023, 10 percent, fiscal, years, beginning, september
376 50.23 - 51.2 [SEC. 4.(a)] SEC. 9512.(c)(3)(B)(ii) for each of the first 4 fiscal years subsequent to the period described in clause (i), the applicable percentage for the preceding fiscal year reduced by 2 percentage points, and fiscal, years, subsequent, period, described, clause, applicable, percentage, preceding, reduced
377 51.3 - 51.5 [SEC. 4.(a)] SEC. 9512.(c)(3)(B)(iii) for any fiscal year subsequent to the period described in clause (ii), 0 percent.’’. fiscal, subsequent, period, described, clause
378 51.6 - 51.9 SEC. 4.(b) CLERICAL AMENDMENT.—The table of sections for subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: clerical, amendment, table, sections, internal, revenue, code, amended, adding, new
379 51.10 - 51.10 SEC. 5. AMERICA’S CLEAN FUTURE FUND STIMULUS. america’s, clean, future, fund, stimulus
380 51.11 - 51.11 SEC. 5.(a) ELIGIBLE INDIVIDUAL.— eligible, individual
381 51.12 - 51.14 SEC. 5.(a)(1) IN GENERAL.—In this section, the term ‘‘eligible individual’’ means, with respect to any quarter, any natural living person— term, eligible, individual, respect, quarter, natural
382 51.15 - 51.16 SEC. 5.(a)(1)(A) who has a valid Social Security number or taxpayer identification number, valid, social, security, number, taxpayer, identification
383 51.17 - 51.17 SEC. 5.(a)(1)(B) who has attained 18 years of age, and attained, years
384 51.18 - 51.21 SEC. 5.(a)(1)(C) whose principal place of abode is in the United States for more than one-half of the most recent taxable year for which a return has been filed. whose, principal, abode, united, states, taxable, return, filed
385 51.22 - 52.2 SEC. 5.(a)(2) VERIFICATION.—The Secretary of the Treasury, or the Secretary’s delegate (referred to in this section as the ‘‘Secretary’’) may verify the eligibility of an individual to receive a carbon fee rebate payment under subsection (b). verification, secretary, treasury, secretary’s, delegate, referred, verify, eligibility, individual, carbon, fee, rebate, payment, subsection
386 52.3 - 52.11 SEC. 5.(b) REBATES.—Subject to subsections (c)(2) and (k), from amounts in the America’s Clean Future Fund established by section 9512(c)(1)(A) of the Internal Revenue Code of 1986 that are available in any year, the Secretary shall, for each calendar quarter beginning after September 30, 2023, make carbon fee rebate payments to each eligible individual, to be known as ‘‘America’s Clean Future Fund Stimulus payments’’ (referred to in this section as ‘‘carbon fee rebate payments’’). rebates, subject, subsections, amounts, america’s, clean, future, fund, established, internal, revenue, code, available, secretary, calendar, quarter, beginning, september, carbon, fee, rebate, payments, eligible, individual, known, stimulus, referred
387 52.12 - 52.12 SEC. 5.(c) PRO-RATA SHARE.— rata
388 52.13 - 52.19 SEC. 5.(c)(1) IN GENERAL.—With respect to each quarter during any fiscal year beginning after September 30, 2023, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of an amount equal to 25 percent of amounts apportioned under section 9512(c)(1)(A) of the Internal Revenue Code of 1986 for such fiscal year. respect, quarter, fiscal, beginning, september, carbon, fee, rebate, payment, rata, eligible, individual, amount, equal, amounts, apportioned, internal, revenue, code
389 52.20 - 52.20 SEC. 5.(c)(2) INITIAL ANNUAL REBATE PAYMENTS.— initial, annual, rebate, payments
390 52.21 - 53.2 SEC. 5.(c)(2)(A) IN GENERAL.—From amounts appropriated under subsection (j), the Secretary shall, for each of fiscal years 2022 and 2023, make carbon fee rebate payments to each eligible individual during the third quarter of each such fiscal year. amounts, appropriated, subsection, secretary, fiscal, years, carbon, fee, rebate, payments, eligible, individual, quarter
391 53.3 - 53.7 SEC. 5.(c)(2)(B) PRO-RATA SHARE.—For purposes of this paragraph, the carbon fee rebate payment is 1 pro-rata share for each eligible individual of the amount appropriated under subsection (j) for the fiscal year. rata, purposes, carbon, fee, rebate, payment, eligible, individual, amount, appropriated, subsection, fiscal
392 53.8 - 53.12 SEC. 5.(c)(3) ESTIMATE.—For each fiscal year described in paragraph (1), the Secretary shall, not later than the first day of such fiscal year, publicly announce an estimate of the amount of the carbon fee rebate payment for each quarter during such fiscal year. estimate, fiscal, described, secretary, publicly, announce, amount, carbon, fee, rebate, payment, quarter
393 53.13 - 53.13 SEC. 5.(d) PHASEOUT.— phaseout
394 53.14 - 53.14 SEC. 5.(d)(1) DEFINITIONS.—In this subsection: definitions, subsection
395 53.15 - 53.20 SEC. 5.(d)(1)(A) MODIFIED ADJUSTED GROSS INCOME.—The term ‘‘modified adjusted gross income’’ means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933 of the Internal Revenue Code of 1986. modified, adjusted, gross, income, term, increased, amount, excluded, internal, revenue, code
396 53.21 - 53.24 SEC. 5.(d)(1)(B) HOUSEHOLD MEMBER.—The term ‘‘household member of the taxpayer’’ means the taxpayer, the taxpayer’s spouse, and any dependent of the taxpayer. household, member, term, taxpayer, taxpayer’s, spouse, dependent
397 54.1 - 54.2 SEC. 5.(d)(1)(C) THRESHOLD AMOUNT.—The term ‘‘threshold amount’’ means— threshold, amount, term
398 54.3 - 54.4 SEC. 5.(d)(1)(C)(i) $150,000 in the case of a taxpayer filing a joint return, and 150,000, case, taxpayer, filing, joint, return
399 54.5 - 54.6 SEC. 5.(d)(1)(C)(ii) $75,000 in the case of a taxpayer not filing a joint return. 75,000, case, taxpayer, filing, joint, return
400 54.7 - 54.18 SEC. 5.(d)(2) PHASEOUT OF PAYMENTS.—In the case of any taxpayer whose modified adjusted gross income for the most recent taxable year for which a return has been filed exceeds the threshold amount, the amount of the carbon fee rebate payment otherwise payable to any household member of the taxpayer under this section shall be reduced (but not below zero) by a dollar amount equal to 5 percent of such payment (as determined before application of this paragraph) for each $1,000 (or fraction thereof) by which the modified adjusted gross income of the taxpayer exceeds the threshold amount. phaseout, payments, case, taxpayer, whose, modified, adjusted, gross, income, taxable, return, filed, exceeds, threshold, amount, carbon, fee, rebate, payment, otherwise, payable, household, member, reduced, zero, dollar, equal, determined, application, 1,000, fraction, thereof
401 54.19 - 54.21 SEC. 5.(e) FEE TREATMENT OF PAYMENTS.—Amounts paid under this section shall not be includible in gross income for purposes of Federal income taxes. fee, treatment, payments, amounts, paid, includible, gross, income, purposes, federal, taxes
402 54.22 - 55.5 SEC. 5.(f) FEDERAL PROGRAMS AND FEDERAL ASSISTED PROGRAMS.—The carbon fee rebate payment received by any eligible individual shall not be taken into account as income and shall not be taken into account as resources for purposes of determining the eligibility of such individual or any other individual for benefits or assistance, or the amount or extent of benefits or assistance, under any Federal program or under any State or local program financed in whole or in part with Federal funds. federal, programs, assisted, carbon, fee, rebate, payment, eligible, individual, account, income, resources, purposes, determining, eligibility, benefits, assistance, amount, extent, program, state, local, financed, funds
403 55.6 - 55.9 SEC. 5.(g) DISCLOSURE OF RETURN INFORMATION.—Section 6103(l) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: disclosure, return, information, internal, revenue, code, amended, adding, new
404 55.10 - 55.11 [SEC. 5.(g)] (23) DISCLOSURE OF RETURN INFORMATION RELATING TO CARBON FEE REBATE PAYMENTS.— disclosure, return, information, relating, carbon, fee, rebate, payments
405 55.12 - 55.19 [SEC. 5.(g)] (23)(A) DEPARTMENT OF TREASURY.—Return information with respect to any taxpayer shall, without written request, be open to inspection by or disclosure to officers and employees of the Department of the Treasury whose official duties require such inspection or disclosure for purposes of administering section 5 of the America’s Clean Future Fund Act. department, treasury, return, information, respect, taxpayer, request, inspection, disclosure, officers, employees, whose, official, duties, require, purposes, administering, america’s, clean, future, fund, act
406 55.20 - 55.23 [SEC. 5.(g)] (23)(B) RESTRICTION ON DISCLOSURE.—Information disclosed under this paragraph shall be disclosed only for purposes of, and to the extent necessary in, carrying out such section.’’. restriction, disclosure, information, disclosed, purposes, extent, necessary, carrying
407 56.1 - 56.3 SEC. 5.(h) REGULATIONS.—The Secretary shall prescribe such regulations, and other guidance, as may be necessary to carry out the purposes of this section, including— regulations, secretary, prescribe, guidance, necessary, carry, purposes
408 56.4 - 56.5 SEC. 5.(h)(1) establishment of rules for eligible individuals who have not filed a recent tax return, and establishment, rules, eligible, individuals, filed, tax, return
409 56.6 - 56.12 SEC. 5.(h)(2) in coordination with the Commissioner of Social Security, the Secretary of Veterans Affairs, and any relevant State agencies, establish methods to identify eligible individuals and provide carbon fee rebate payments to such individuals through appropriate means of distribution, including through the use of electronic benefit transfer cards. coordination, commissioner, social, security, secretary, veterans, affairs, relevant, state, agencies, establish, methods, identify, eligible, individuals, carbon, fee, rebate, payments, appropriate, distribution, electronic, benefit, transfer
410 56.13 - 56.20 SEC. 5.(i) PUBLIC AWARENESS CAMPAIGN.—The Secretary shall conduct a public awareness campaign, in coordination with the Commissioner of Social Security, the heads of other relevant Federal agencies, and Indian Tribes (as defined in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304)), to provide information to the public regarding the availability of carbon fee rebate payments under this section. public, awareness, campaign, secretary, conduct, coordination, commissioner, social, security, heads, relevant, federal, agencies, indian, tribes, defined, determination, education, assistance, act, u.s.c, information, regarding, availability, carbon, fee, rebate, payments
411 56.21 - 56.24 SEC. 5.(j) INITIAL APPROPRIATION.—For purposes of subsection (c)(2), there is appropriated, out of any funds in the Treasury not otherwise appropriated, to remain available until expended— initial, appropriation, purposes, subsection, appropriated, funds, treasury, otherwise, remain, available, expended
412 57.1 - 57.2 SEC. 5.(j)(1) for the fiscal year ending September 30, 2022, $37,500,000,000, and fiscal, ending, september, 37,500,000,000
413 57.3 - 57.4 SEC. 5.(j)(2) for the fiscal year ending September 30, 2023, $37,500,000,000. fiscal, ending, september, 37,500,000,000
414 57.5 - 57.6 SEC. 5.(k) TERMINATION.—This section shall not apply to any calendar quarter beginning after— termination, apply, calendar, quarter, beginning
415 57.7 - 57.9 SEC. 5.(k)(1) a determination by the Secretary under section 4692(d)(3)(B) of the Internal Revenue Code of 1986; or determination, secretary, internal, revenue, code
416 57.10 - 57.13 SEC. 5.(k)(2) any period of 8 consecutive calendar quarters for which the amount of carbon fee rebate payment (without application of subsection (d)) during each such quarter is less than $20. period, consecutive, calendar, quarters, amount, carbon, fee, rebate, payment, application, subsection, quarter
417 57.14 - 57.15 SEC. 6. AGRICULTURAL DECARBONIZATION TRANSITION PAYMENTS. agricultural, decarbonization, transition, payments
418 57.16 - 57.16 SEC. 6.(a) PURPOSES.—The purposes of this section are— purposes
419 57.17 - 57.20 SEC. 6.(a)(1) to provide transition assistance to eligible producers in the agricultural, livestock, and forestry sectors to prepare for and facilitate entry into private sector greenhouse gas credit markets; and transition, assistance, eligible, producers, agricultural, livestock, forestry, sectors, prepare, facilitate, private, sector, greenhouse, gas, credit, markets
420 57.21 - 57.22 SEC. 6.(a)(2) to provide for the collection and reporting of data under subsection (d). collection, reporting, data, subsection
421 57.23 - 57.23 SEC. 6.(b) DEFINITIONS.—In this section: definitions
422 57.24 - 57.24 SEC. 6.(b)(1) ELIGIBLE LAND.— eligible, land
423 58.1 - 58.2 SEC. 6.(b)(1)(A) IN GENERAL.—The term ‘‘eligible land’’ means land in the United States— term, eligible, land, united, states
424 58.3 - 58.5 SEC. 6.(b)(1)(A)(i) on which farming, ranching, or forestry may physically and legally be conducted; and farming, ranching, forestry, physically, legally, conducted
425 58.6 - 58.6 SEC. 6.(b)(1)(A)(ii) that is—
426 58.7 - 58.12 SEC. 6.(b)(1)(A)(ii)(I) cropland, grassland, pastureland, rangeland, hayland, or other land on which food, feed, fiber, crops, livestock, or other agricultural products are produced or capable of being produced; or cropland, grassland, pastureland, rangeland, hayland, land, food, feed, fiber, crops, livestock, agricultural, products, produced, capable
427 58.13 - 58.16 SEC. 6.(b)(1)(A)(ii)(II) nonindustrial private forest land (as defined in section 5(c) of the Cooperative Forestry Assistance Act of 1978 (16 U.S.C. 2103a(c))). nonindustrial, private, forest, land, defined, cooperative, forestry, assistance, act, u.s.c, 2103a
428 58.17 - 58.21 SEC. 6.(b)(1)(B) INCLUSION OF TRIBAL LAND.—The term ‘‘eligible land’’ includes land described in subparagraph (A) that is Indian land (as defined in section 2601 of the Energy Policy Act of 1992 (25 U.S.C. 3501)). inclusion, tribal, land, term, eligible, described, subparagraph, indian, defined, energy, policy, act, u.s.c
429 58.22 - 58.23 SEC. 6.(b)(2) ELIGIBLE PRODUCER.—The term ‘‘eligible producer’’ means an individual or legal entity that— eligible, producer, term, individual, legal, entity
430 58.24 - 58.25 SEC. 6.(b)(2)(A) is an owner, operator, or tenant of eligible land; owner, operator, tenant, eligible, land
431 59.1 - 59.1 SEC. 6.(b)(2)(B) has control over the eligible land; control, eligible, land
432 59.2 - 59.4 SEC. 6.(b)(2)(C) is actively engaged in farming, ranching, or forestry on the eligible land, as determined by the Secretary; actively, engaged, farming, ranching, forestry, eligible, land, determined, secretary
433 59.5 - 59.6 SEC. 6.(b)(2)(D) bears the risk of loss of the farming, ranching, or forestry on the eligible land; and bears, risk, loss, farming, ranching, forestry, eligible, land
434 59.7 - 59.10 SEC. 6.(b)(2)(E) has the ability to enter into an agreement with the Secretary to carry out qualifying practices described in subsection (c)(2) under the program. ability, agreement, secretary, carry, qualifying, practices, described, subsection, program
435 59.11 - 59.16 SEC. 6.(b)(3) GREENHOUSE GAS EMISSIONS REDUCTION.—The term ‘‘greenhouse gas emissions reduction’’ means the reduction in greenhouse gas emissions as a result of the adoption of qualifying practices described in subsection (c)(2), as compared to a historical baseline. greenhouse, gas, emissions, reduction, term, adoption, qualifying, practices, described, subsection, compared, historical, baseline
436 59.17 - 59.19 SEC. 6.(b)(4) HISTORICALLY UNDERSERVED.—The term ‘‘historically underserved’’, with respect to an eligible producer, means that the eligible producer— historically, underserved, term, respect, eligible, producer
437 59.20 - 59.20 SEC. 6.(b)(4)(A) is American Indian or Alaskan Native; american, indian, alaskan, native
438 59.21 - 59.21 SEC. 6.(b)(4)(B) is Asian or Asian American; asian, american
439 59.22 - 59.22 SEC. 6.(b)(4)(C) is Black or African American; black, african, american
440 59.23 - 59.23 SEC. 6.(b)(4)(D) is Native Hawaiian or Pacific Islander; native, hawaiian, pacific, islander
441 59.24 - 59.24 SEC. 6.(b)(4)(E) is Hispanic; hispanic
442 59.25 - 59.25 SEC. 6.(b)(4)(F) is disabled; disabled
443 60.1 - 60.1 SEC. 6.(b)(4)(G) is female; female
444 60.2 - 60.3 SEC. 6.(b)(4)(H) is new to farming, ranching, or forestry, as determined by the Secretary; new, farming, ranching, forestry, determined, secretary
445 60.4 - 60.5 SEC. 6.(b)(4)(I)(i) has served in the United States Armed Forces; and served, united, states, armed, forces
446 60.6 - 60.7 SEC. 6.(b)(4)(I)(ii)(I) has not operated a farm, ranch, or forestry operation; operated, farm, ranch, forestry, operation
447 60.8 - 60.9 SEC. 6.(b)(4)(I)(ii)(II) is new to farming, ranching, or forestry, as determined by the Secretary; or new, farming, ranching, forestry, determined, secretary
448 60.10 - 60.11 SEC. 6.(b)(4)(I)(ii)(III) first obtained veteran status during the previous 5-year period; or obtained, veteran, status, period
449 60.12 - 60.15 SEC. 6.(b)(4)(J) is an owner, operator, or tenant of a limited resource farming, ranching, or forestry operation or has a household income not greater than the national poverty level. owner, operator, tenant, limited, resource, farming, ranching, forestry, operation, household, income, greater, national, poverty, level
450 60.16 - 60.17 SEC. 6.(b)(5) PROGRAM.—The term ‘‘program’’ means the program established under subsection (c)(1). program, term, established, subsection
451 60.18 - 60.19 SEC. 6.(b)(6) SECRETARY.—The term ‘‘Secretary’’ means the Secretary of Agriculture. secretary, term, agriculture
452 60.20 - 60.20 SEC. 6.(c) ESTABLISHMENT OF PROGRAM.— establishment, program
453 60.21 - 61.2 SEC. 6.(c)(1) IN GENERAL.—The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a program to provide payments to eligible producers that will assist with the transition to reducing greenhouse gas emissions through the adoption of qualifying practices described in paragraph (2). secretary, consultation, administrator, environmental, protection, agency, establish, program, payments, eligible, producers, assist, transition, reducing, greenhouse, gas, emissions, adoption, qualifying, practices, described
454 61.3 - 61.3 SEC. 6.(c)(2) QUALIFYING PRACTICES.— qualifying, practices
455 61.4 - 61.5 SEC. 6.(c)(2)(A) IN GENERAL.—To be eligible for payments under the program, a practice shall be— eligible, payments, program, practice
456 61.6 - 61.6 SEC. 6.(c)(2)(A)(i) approved by the Secretary; and approved, secretary
457 61.7 - 61.9 SEC. 6.(c)(2)(A)(ii) measurable, reportable, and verifiable for reducing greenhouse gas emissions, as determined by the Secretary. measurable, reportable, verifiable, reducing, greenhouse, gas, emissions, determined, secretary
458 61.10 - 61.12 SEC. 6.(c)(2)(B) INCLUDED PRACTICES.—Practices that the Secretary may determine to be qualifying practices under the program include— included, practices, secretary, determine, qualifying, program
459 61.13 - 61.15 SEC. 6.(c)(2)(B)(i) improved crop, soil health, water, and land management systems, including— improved, crop, soil, health, water, land, management, systems
460 61.16 - 61.19 SEC. 6.(c)(2)(B)(i)(I) diversified soil health-enhancing cropping systems that may include resource-conserving crop rotations, cover crops, and sod crops; diversified, soil, health, enhancing, cropping, systems, resource, conserving, crop, rotations, cover, crops, sod
461 61.20 - 61.25 SEC. 6.(c)(2)(B)(i)(II) conservation plantings, such as prairie strips, contour grass strips, filter strips and riparian buffers, field borders, hedgerows, windbreaks, alley cropping, and silvopasture or other agroforestry plantings; conservation, plantings, prairie, strips, contour, grass, filter, riparian, buffers, field, borders, hedgerows, windbreaks, alley, cropping, silvopasture, agroforestry
462 62.1 - 62.1 SEC. 6.(c)(2)(B)(i)(III) conservation tillage; conservation, tillage
463 62.2 - 62.4 SEC. 6.(c)(2)(B)(i)(IV) fertilizer practice improvements, including biologically based nutrient management; fertilizer, practice, improvements, biologically, nutrient, management
464 62.5 - 62.7 SEC. 6.(c)(2)(B)(i)(V) ecologically appropriate reforestation and other sustainable forestry and related stewardship practices; ecologically, appropriate, reforestation, sustainable, forestry, related, stewardship, practices
465 62.8 - 62.10 SEC. 6.(c)(2)(B)(i)(VI) application of soil carbon amendments, such as compost or biochar; application, soil, carbon, amendments, compost, biochar
466 62.11 - 62.13 SEC. 6.(c)(2)(B)(i)(VII) restoration or avoidance of the conversion of grassland, wetland, and forest land; and restoration, avoidance, conversion, grassland, wetland, forest, land
467 62.14 - 62.16 SEC. 6.(c)(2)(B)(i)(VIII) the adoption of organic and other similar advanced agroecological production systems; adoption, organic, advanced, agroecological, production, systems
468 62.17 - 62.17 SEC. 6.(c)(2)(B)(ii) livestock management, including— livestock, management
469 62.18 - 62.19 SEC. 6.(c)(2)(B)(ii)(I) enteric fermentation reduction, including— enteric, fermentation, reduction
470 62.20 - 62.21 SEC. 6.(c)(2)(B)(ii)(I)(aa) improved feed, forage, and grazing; and improved, feed, forage, grazing
471 62.22 - 62.24 SEC. 6.(c)(2)(B)(ii)(I)(bb) feed additives approved by the Commissioner of Food and Drugs; feed, additives, approved, commissioner, food, drugs
472 63.1 - 63.3 SEC. 6.(c)(2)(B)(ii)(II) improved manure management, including anaerobic digesters; and improved, manure, management, anaerobic, digesters
473 63.4 - 63.5 SEC. 6.(c)(2)(B)(ii)(III) the integration of livestock and crop production; integration, livestock, crop, production
474 63.6 - 63.7 SEC. 6.(c)(2)(B)(iii) on-site capital upgrades and infrastructure investments, including— capital, upgrades, infrastructure, investments
475 63.8 - 63.11 SEC. 6.(c)(2)(B)(iii)(I) building and equipment refurbishment or upgrades, including energy efficiency technologies and digital technologies; and building, equipment, refurbishment, upgrades, energy, efficiency, technologies, digital
476 63.12 - 63.13 SEC. 6.(c)(2)(B)(iii)(II) the adoption of renewable or clean energy; adoption, renewable, clean, energy
477 63.14 - 63.18 SEC. 6.(c)(2)(B)(iv) conservation easements, including farm, ranch, and forest land preservation, that include conservation activities to improve soil health and reduce greenhouse gas emissions; and conservation, easements, farm, ranch, forest, land, preservation, activities, improve, soil, health, reduce, greenhouse, gas, emissions
478 63.19 - 63.20 SEC. 6.(c)(2)(B)(v) other similar practices, as determined by the Secretary. practices, determined, secretary
479 63.21 - 63.23 SEC. 6.(c)(3) CONSIDERATIONS.—In determining the rate and duration of a payment under paragraph (1), the Secretary shall consider— considerations, determining, rate, duration, payment, secretary, consider
480 63.24 - 63.25 SEC. 6.(c)(3)(A) the degree of additionality of the greenhouse gas emissions reduction; degree, additionality, greenhouse, gas, emissions, reduction
481 64.1 - 64.3 SEC. 6.(c)(3)(B) whether the recipient of the payment was an early adopter of 1 or more practices that reduce greenhouse gas emissions; recipient, payment, adopter, practices, reduce, greenhouse, gas, emissions
482 64.4 - 64.7 SEC. 6.(c)(3)(C) the likelihood that the applicable qualifying practice described in paragraph (2) would have been carried out absent the provision of the payment; likelihood, applicable, qualifying, practice, described, carried, absent, provision, payment
483 64.8 - 64.10 SEC. 6.(c)(3)(D) the degree of transitionality or permanence of the greenhouse gas emissions reduction; degree, transitionality, permanence, greenhouse, gas, emissions, reduction
484 64.11 - 64.14 SEC. 6.(c)(3)(E) whether the applicable qualifying practice described in paragraph (2) provides multiple environmental and health co-benefits in addition to reduced greenhouse gas emissions; applicable, qualifying, practice, described, multiple, environmental, health, benefits, addition, reduced, greenhouse, gas, emissions
485 64.15 - 64.17 SEC. 6.(c)(3)(F) the degree to which current soil conditions influence the greenhouse gas emissions reductions; degree, soil, conditions, influence, greenhouse, gas, emissions, reductions
486 64.18 - 64.20 SEC. 6.(c)(3)(G) the degree to which the recipient of the payment is a historically underserved eligible producer; degree, recipient, payment, historically, underserved, eligible, producer
487 64.21 - 64.23 SEC. 6.(c)(3)(H) the integration with and enhancement of payments and policies of similar Federal, State, or local programs; and integration, enhancement, payments, policies, federal, state, local, programs
488 64.24 - 65.2 SEC. 6.(c)(3)(I) any payments received, or to be received, by the applicable eligible producer from a private carbon offset market due to the applicable qualifying practice described in paragraph (2). payments, applicable, eligible, producer, private, carbon, offset, market, qualifying, practice, described
490 65.4 - 65.10 SEC. 6.(c)(4) INELIGIBILITY.—A person that is determined to be in violation of any applicable water or air quality regulation, including under the Federal Water Pollution Control Act (33 U.S.C. 1251 et seq.) (including regulations), shall not be eligible for any payment under paragraph (1) during the period of the violation. ineligibility, determined, violation, applicable, water, air, quality, regulation, federal, pollution, control, act, u.s.c, seq, regulations, eligible, payment, period
491 65.11 - 65.14 SEC. 6.(c)(5) EFFECTIVENESS.—The authority to provide payments under this subsection shall be effective for each of the first 10 fiscal years beginning after September 30, 2022. effectiveness, authority, payments, subsection, effective, fiscal, years, beginning, september
492 65.15 - 65.15 SEC. 6.(d) COLLECTION OF DATA AND REPORTING.— collection, data, reporting
493 65.16 - 65.16 SEC. 6.(d)(1) MEASUREMENT SYSTEM.— measurement, system
494 65.17 - 65.24 SEC. 6.(d)(1)(A) IN GENERAL.—The Secretary shall establish an outcomes-based measurement system (referred to in this paragraph as the ‘‘measurement system’’) that uses the best available science and technology for cost-effective recordkeeping, modeling, and measurement of farmlevel greenhouse gas emissions on eligible land enrolled in the program. secretary, establish, outcomes, measurement, system, referred, uses, available, science, technology, cost, effective, recordkeeping, modeling, farmlevel, greenhouse, gas, emissions, eligible, land, enrolled, program
495 66.1 - 66.5 SEC. 6.(d)(1)(B) STANDARDS.—Not later than 18 months after the date of enactment of this Act, the Secretary shall promulgate standards on the measurement system, based on information obtained from— standards, months, enactment, act, secretary, promulgate, measurement, system, information, obtained
496 66.6 - 66.6 SEC. 6.(d)(1)(B)(i) agro-ecosystem models; agro, ecosystem, models
497 66.7 - 66.7 SEC. 6.(d)(1)(B)(ii) remote sensing data and analysis; remote, sensing, data, analysis
498 66.8 - 66.9 SEC. 6.(d)(1)(B)(iii) soil health demonstration trials; and soil, health, demonstration, trials
499 66.10 - 66.10 SEC. 6.(d)(1)(B)(iv) field-level measurement. field, level, measurement
500 66.11 - 66.15 SEC. 6.(d)(1)(C) PROTOCOLS.—In developing the measurement system, the Secretary shall compile and publish a list of generally accepted public and private protocols for soil health and greenhouse gas programs and markets. protocols, developing, measurement, system, secretary, compile, publish, generally, accepted, public, private, soil, health, greenhouse, gas, programs, markets
501 66.16 - 66.17 SEC. 6.(d)(1)(D) REVIEW.—The Secretary shall maintain the measurement system by— review, secretary, maintain, measurement, system
502 66.18 - 66.19 SEC. 6.(d)(1)(D)(i) conducting an annual review of the measurement system; and conducting, annual, review, measurement, system
503 66.20 - 66.21 SEC. 6.(d)(1)(D)(ii) making any necessary updates to the measurement system. necessary, updates, measurement, system
504 66.22 - 66.22 SEC. 6.(d)(2) INVENTORY.— inventory
505 66.23 - 67.6 SEC. 6.(d)(2)(A) IN GENERAL.—For the purposes of providing payments under the program, the Secretary shall conduct a nationwide soil health and agricultural greenhouse gas emissions inventory that uses the best available science and data to establish baselines and expected average performance for soil carbon drawdown and storage and greenhouse gas emissions reduction by primary production type and production region. purposes, providing, payments, program, secretary, conduct, nationwide, soil, health, agricultural, greenhouse, gas, emissions, inventory, uses, available, science, data, establish, baselines, expected, average, performance, carbon, drawdown, storage, reduction, primary, production, type, region
506 67.7 - 67.7 SEC. 6.(d)(2)(B) DATABASE.—The Secretary shall— database, secretary
507 67.8 - 67.12 SEC. 6.(d)(2)(B)(i) establish an accessible and interoperable database for the inventory established under subparagraph (A) using the measurement system established under paragraph (1); and establish, accessible, interoperable, database, inventory, established, subparagraph, measurement, system
508 67.13 - 67.15 SEC. 6.(d)(2)(B)(ii) improve and update the database as new data is collected, but not less frequently than once every 2 years. improve, update, database, new, data, collected, frequently, years
509 67.16 - 67.16 SEC. 6.(d)(3) CRITERIA.— criteria
510 67.17 - 67.21 SEC. 6.(d)(3)(A) IN GENERAL.—The Secretary shall establish criteria for payments under the program to inform policy and markets established to promote soil carbon sequestration or greenhouse gas emissions reductions. secretary, establish, criteria, payments, program, inform, policy, markets, established, promote, soil, carbon, sequestration, greenhouse, gas, emissions, reductions
511 67.22 - 67.23 SEC. 6.(d)(3)(B) REQUIREMENTS.—The criteria established under subparagraph (A) shall— requirements, criteria, established, subparagraph
512 67.24 - 68.3 SEC. 6.(d)(3)(B)(i) have a documented likelihood to lead to transitioning towards or providing long-term net greenhouse gas emissions reductions, according to the best available science; documented, likelihood, lead, transitioning, towards, providing, term, greenhouse, gas, emissions, reductions, according, available, science
513 68.4 - 68.7 SEC. 6.(d)(3)(B)(ii) be based in part on environmental impact modeling of the changes of shifting from baseline practices to new or improved practices; and environmental, impact, modeling, shifting, baseline, practices, new, improved
514 68.8 - 68.10 SEC. 6.(d)(3)(B)(iii) prevent, to the maximum extent practicable, the degradation of other natural resource or environmental conditions. prevent, maximum, extent, practicable, degradation, natural, resource, environmental, conditions
515 68.11 - 68.12 SEC. 6.(d)(4) MEASUREMENT, REPORTING, MONITORING, AND VERIFICATION SERVICES.— measurement, reporting, monitoring, verification, services
516 68.13 - 68.13 SEC. 6.(d)(4)(A) IN GENERAL.—The Secretary— secretary
517 68.14 - 68.16 SEC. 6.(d)(4)(A)(i) shall provide services described in subparagraph (B) to eligible producers participating in the program; and services, described, subparagraph, eligible, producers, participating, program
518 68.17 - 68.21 SEC. 6.(d)(4)(A)(ii) may approve and provide oversight of 1 or more third-party agents to provide services described in subparagraph (B) to eligible producers participating in the program. approve, oversight, agents, services, described, subparagraph, eligible, producers, participating, program
519 68.22 - 68.24 SEC. 6.(d)(4)(B) SERVICES DESCRIBED.—Services referred to in subparagraph (A) are determining the greenhouse gas emissions reduction by— services, described, referred, subparagraph, determining, greenhouse, gas, emissions, reduction
520 68.25 - 68.25 SEC. 6.(d)(4)(B)(i) measurement; measurement
521 69.1 - 69.1 SEC. 6.(d)(4)(B)(ii) reporting; reporting
522 69.2 - 69.2 SEC. 6.(d)(4)(B)(iii) monitoring; and monitoring
523 69.3 - 69.3 SEC. 6.(d)(4)(B)(iv) verification. verification
524 69.4 - 69.6 SEC. 6.(d)(4)(C) USE OF PROTOCOLS.—Services referred to in subparagraph (A) shall be provided using— protocols, services, referred, subparagraph
525 69.7 - 69.8 SEC. 6.(d)(4)(C)(i) the measurement system described in paragraph (1); and measurement, system, described
526 69.9 - 69.9 SEC. 6.(d)(4)(C)(ii) the criteria described in paragraph (3). criteria, described
528 69.11 - 69.19 SEC. 6.(d)(4)(D) USE OF DEPARTMENT OF AGRICULTURE RESOURCES.—The Secretary shall require a third-party agent approved under subparagraph (A)(ii) to use the resources, boards, committees, geospatial data, aerial or other maps, employees, offices, and capacities of the Department of Agriculture, to the maximum extent practicable, in providing services under that subparagraph to eligible producers. department, agriculture, resources, secretary, require, agent, approved, subparagraph, boards, committees, geospatial, data, aerial, maps, employees, offices, capacities, maximum, extent, practicable, providing, services, eligible, producers
529 69.20 - 69.20 SEC. 6.(d)(4)(E) PRIVACY AND DATA SECURITY.— privacy, data, security
530 69.21 - 69.22 SEC. 6.(d)(4)(E)(i) IN GENERAL.—The Secretary shall establish— secretary, establish
531 69.23 - 70.1 SEC. 6.(d)(4)(E)(i)(I) safeguards to protect the privacy of information that is submitted through or retained by a third-party agent approved under subparagraph (A), including employees and contractors of the third-party agent; and safeguards, protect, privacy, information, submitted, retained, agent, approved, subparagraph
533 70.4 - 70.7 SEC. 6.(d)(4)(E)(i)(II) such other rules and standards of data security as the Secretary determines to be appropriate to carry out this subsection. rules, standards, data, security, secretary, determines, appropriate, carry, subsection
534 70.8 - 70.10 SEC. 6.(d)(4)(E)(ii) PENALTIES.—The Secretary shall establish penalties for any violations of privacy or confidentiality under clause (i). penalties, secretary, establish, violations, privacy, confidentiality, clause
535 70.11 - 70.11 SEC. 6.(d)(4)(F) DISCLOSURE OF INFORMATION.— disclosure, information
536 70.12 - 70.15 SEC. 6.(d)(4)(F)(i) PUBLIC DISCLOSURE.—Information collected for purposes of services provided under subparagraph (A) may be disclosed to the public— public, disclosure, information, collected, purposes, services, subparagraph, disclosed
537 70.16 - 70.21 SEC. 6.(d)(4)(F)(i)(I) if the information is transformed into a statistical or aggregate form such that the information does not include any identifiable or personal information of individual producers; or information, transformed, statistical, aggregate, form, identifiable, personal, individual, producers
538 70.22 - 71.2 SEC. 6.(d)(4)(F)(i)(II) in a form that may include identifiable or personal information of a producer only if that producer consents to the disclosure of the information. form, identifiable, personal, information, producer, consents, disclosure
539 71.3 - 71.9 SEC. 6.(d)(4)(F)(ii) REQUIREMENT.—The participation of a producer in, and the receipt of any benefit by the producer under, a program under this section or any other program administered by the Secretary may not be conditioned on the producer providing consent under clause (i)(II). requirement, participation, producer, receipt, benefit, program, administered, secretary, conditioned, providing, consent, clause
540 71.10 - 71.20 SEC. 6.(d)(4)(F)(iii) RESEARCH, AUDIT, AND PROGRAM IMPROVEMENT.—Information collected for the purposes of services provided under subparagraph (A) may be disclosed for the purposes of providing technical assistance, including audit, research, or improvement of a program under this section, either in aggregate or in a form that includes identifiable or personal information of a producer, if the Secretary obtains adequate assurances that— research, audit, program, improvement, information, collected, purposes, services, subparagraph, disclosed, providing, technical, assistance, aggregate, form, identifiable, personal, producer, secretary, obtains, adequate, assurances
541 71.21 - 71.23 SEC. 6.(d)(4)(F)(iii)(I) the recipient shall ensure privacy safeguards of identifiable or personal information of a producer; and recipient, ensure, privacy, safeguards, identifiable, personal, information, producer
542 71.24 - 72.2 SEC. 6.(d)(4)(F)(iii)(II) the release of any data to the public will only occur only if the data has been transformed into a statistical or aggregate form. release, data, public, occur, transformed, statistical, aggregate, form
543 72.3 - 72.5 SEC. 6.(e) REGULATIONS.—Not later than July 1, 2022, the Secretary shall promulgate regulations to carry out this section, including— regulations, july, secretary, promulgate, carry
544 72.6 - 72.6 SEC. 6.(e)(1) the amount of a payment under subsection (c), which shall be based on— amount, payment, subsection
546 72.8 - 72.9 SEC. 6.(e)(1)(A) the quantity of carbon dioxide equivalent emissions reduced; and quantity, carbon, dioxide, equivalent, emissions, reduced
547 72.10 - 72.11 SEC. 6.(e)(1)(B) the considerations described in subsection (c)(3); considerations, described, subsection
548 72.12 - 72.15 SEC. 6.(e)(2) a methodology that any third-party agents approved under subsection (d)(4)(A)(ii) shall use to provide the services under that subsection, including— methodology, agents, approved, subsection, services
549 72.16 - 72.16 SEC. 6.(e)(2)(A) an accreditation process; and accreditation, process
550 72.17 - 72.17 SEC. 6.(e)(2)(B) a conflict of interest policy; and conflict, interest, policy
551 72.18 - 72.21 SEC. 6.(e)(3) provisions for the ownership and transportability of data, including historical data, generated by an eligible producer for the purpose of determining eligibility for payments under the program. provisions, ownership, transportability, data, historical, generated, eligible, producer, purpose, determining, eligibility, payments, program
552 72.22 - 72.23 SEC. 7. TRANSITION ASSISTANCE FOR IMPACTED COMMUNITIES. transition, assistance, impacted, communities
553 72.24 - 72.24 SEC. 7.(a) DEFINITIONS.—In this section: definitions
554 73.1 - 73.4 SEC. 7.(a)(1) INDIAN TRIBE.—The term ‘‘Indian Tribe’’ has the meaning given the term in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304). indian, tribe, term, meaning, determination, education, assistance, act, u.s.c
555 73.5 - 73.9 SEC. 7.(a)(2) INDIVIDUAL WITH A BARRIER TO EMPLOYMENT.—The term ‘‘individual with a barrier to employment’’ has the meaning given the term in section 3 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102). individual, barrier, employment, term, meaning, workforce, innovation, opportunity, act, u.s.c
556 73.10 - 73.13 SEC. 7.(a)(3) INSTITUTION OF HIGHER EDUCATION.—The term ‘‘institution of higher education’’ has the meaning given the term in section 101 of the Higher Education Act of 1965 (20 U.S.C. 1001). institution, education, term, meaning, act, u.s.c
557 73.14 - 73.17 SEC. 7.(a)(4) LOCAL BOARD.—The term ‘‘local board’’ has the meaning given the term in section 3 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102). local, board, term, meaning, workforce, innovation, opportunity, act, u.s.c
558 73.18 - 73.22 SEC. 7.(a)(5) RECOGNIZED POSTSECONDARY CREDENTIAL.—The term ‘‘recognized postsecondary credential’’ has the meaning given the term in section 3 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102). recognized, postsecondary, credential, term, meaning, workforce, innovation, opportunity, act, u.s.c
559 73.23 - 74.2 SEC. 7.(a)(6) SECRETARY.—The term ‘‘Secretary’’ means the Secretary of Commerce, acting through the Assistant Secretary of Commerce for Economic Development. secretary, term, commerce, acting, assistant, economic, development
560 74.3 - 74.3 SEC. 7.(a)(7) STATE.—The term ‘‘State’’ means— state, term
561 74.4 - 74.4 SEC. 7.(a)(7)(A) a State; state
562 74.5 - 74.5 SEC. 7.(a)(7)(B) the District of Columbia; district, columbia
563 74.6 - 74.7 SEC. 7.(a)(7)(C) the Commonwealth of Puerto Rico; and commonwealth, puerto, rico
564 74.8 - 74.9 SEC. 7.(a)(7)(D) any other territory or possession of the United States. territory, possession, united, states
565 74.10 - 74.13 SEC. 7.(a)(8) STATE BOARD.—The term ‘‘State board’’ has the meaning given the term in section 3 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102). state, board, term, meaning, workforce, innovation, opportunity, act, u.s.c
566 74.14 - 74.17 SEC. 7.(a)(9) SUPPORTIVE SERVICES.—The term ‘‘supportive services’’ has the meaning given the term in section 3 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102). supportive, services, term, meaning, workforce, innovation, opportunity, act, u.s.c
567 74.18 - 74.20 SEC. 7.(b) GRANTS.—The Secretary, in coordination with the Secretary of Labor, shall provide grants to eligible entities for transition assistance to a low-carbon economy. grants, secretary, coordination, labor, eligible, entities, transition, assistance, carbon, economy
568 74.21 - 75.2 SEC. 7.(c) ELIGIBLE ENTITIES.—An entity eligible to receive a grant under this section is a labor organization, an institution of higher education, a unit of State or local government, an Indian Tribe, an economic development organization, a nonprofit organization, community-based organization, or intermediary, or a State board or local board that serves or is located in a community that— eligible, entities, entity, grant, labor, organization, institution, education, unit, state, local, government, indian, tribe, economic, development, nonprofit, community, intermediary, board, serves, located
569 75.3 - 75.6 SEC. 7.(c)(1) as determined by the Secretary, in coordination with the Secretary of Labor, has been or will be impacted by economic changes in carbon-intensive industries, including job losses; determined, secretary, coordination, labor, impacted, economic, carbon, intensive, industries, job, losses
570 75.7 - 75.12 SEC. 7.(c)(2) as determined by the Secretary, in consultation with the Administrator of the Federal Emergency Management Agency, has been or is at risk of being impacted by extreme weather events, sea level rise, and natural disasters related to climate change; or determined, secretary, consultation, administrator, federal, emergency, management, agency, risk, impacted, extreme, weather, events, sea, level, rise, natural, disasters, related, climate
571 75.13 - 75.17 SEC. 7.(c)(3) as determined by the Secretary, in consultation with the Administrator of the Environmental Protection Agency, has been impacted by harmful residuals from a fossil fuel or carbon-intensive industry. determined, secretary, consultation, administrator, environmental, protection, agency, impacted, harmful, residuals, fossil, fuel, carbon, intensive, industry
572 75.18 - 75.19 SEC. 7.(d) USE OF FUNDS.—An eligible entity that receives a grant under this section shall use the grant for— funds, eligible, entity, receives, grant
573 75.20 - 75.21 SEC. 7.(d)(1) economic and workforce development activities, such as— economic, workforce, development, activities
574 75.22 - 75.22 SEC. 7.(d)(1)(A) job creation; job, creation
575 75.23 - 76.2 SEC. 7.(d)(1)(B) providing reemployment and worker transition assistance, including registered apprenticeships, subsidized employment, job training, transitional jobs, and supportive services, with priority given to— providing, reemployment, worker, transition, assistance, registered, apprenticeships, subsidized, employment, job, training, transitional, jobs, supportive, services, priority
576 76.3 - 76.4 SEC. 7.(d)(1)(B)(i) workers impacted by changes in carbon-intensive industries; workers, impacted, carbon, intensive, industries
577 76.5 - 76.6 SEC. 7.(d)(1)(B)(ii) individuals with a barrier to employment; and individuals, barrier, employment
578 76.7 - 76.8 SEC. 7.(d)(1)(B)(iii) programs that lead to a recognized postsecondary credential; programs, lead, recognized, postsecondary, credential
579 76.9 - 76.11 SEC. 7.(d)(1)(C) local and regional investment, including commercial and industrial economic diversification; local, regional, investment, commercial, industrial, economic, diversification
580 76.12 - 76.12 SEC. 7.(d)(1)(D) export promotion; and export, promotion
581 76.13 - 76.15 SEC. 7.(d)(1)(E) establishment of a monthly subsidy payment for workers who retire early due to economic changes in carbon-intensive industries; establishment, monthly, subsidy, payment, workers, retire, economic, carbon, intensive, industries
582 76.16 - 76.16 SEC. 7.(d)(2) climate change resiliency, such as— climate, resiliency
583 76.17 - 76.19 SEC. 7.(d)(2)(A) building electrical, communications, utility, transportation, and other infrastructure in flood-prone areas above flood zone levels; building, electrical, communications, utility, transportation, infrastructure, flood, prone, areas, zone, levels
584 76.20 - 76.22 SEC. 7.(d)(2)(B) building flood and stormproofing measures in flood-prone areas and erosionprone areas; building, flood, stormproofing, measures, prone, areas, erosionprone
585 76.23 - 77.2 SEC. 7.(d)(2)(C) increasing the resilience of a surface transportation infrastructure asset to withstand extreme weather events and climate change impacts; increasing, resilience, surface, transportation, infrastructure, asset, withstand, extreme, weather, events, climate, impacts
586 77.3 - 77.3 SEC. 7.(d)(2)(D) improving stormwater infrastructure; improving, stormwater, infrastructure
587 77.4 - 77.5 SEC. 7.(d)(2)(E) increasing the resilience of agriculture to extreme weather; increasing, resilience, agriculture, extreme, weather
588 77.6 - 77.6 SEC. 7.(d)(2)(F) ecological restoration; ecological, restoration
589 77.7 - 77.8 SEC. 7.(d)(2)(G) increasing the resilience of forests to wildfires; increasing, resilience, forests, wildfires
590 77.9 - 77.9 SEC. 7.(d)(2)(H) increasing coastal resilience; and increasing, coastal, resilience
591 77.10 - 77.11 SEC. 7.(d)(2)(I) implementing heat island cooling strategies; implementing, heat, island, cooling, strategies
592 77.12 - 77.15 SEC. 7.(d)(3) environmental cleanup from fossil fuel industry facilities that are abandoned or retired, or closed due to bankruptcy, and residuals from carbon-intensive industries, such as— environmental, cleanup, fossil, fuel, industry, facilities, abandoned, retired, closed, bankruptcy, residuals, carbon, intensive, industries
593 77.16 - 77.16 SEC. 7.(d)(3)(A) coal ash and petroleum coke cleanup; coal, ash, petroleum, coke, cleanup
594 77.17 - 77.17 SEC. 7.(d)(3)(B) mine reclamation; mine, reclamation
595 77.18 - 77.20 SEC. 7.(d)(3)(C) reclamation and plugging of abandoned oil and natural gas wells on private and public land; and reclamation, plugging, abandoned, oil, natural, gas, wells, private, public, land
596 77.21 - 77.22 SEC. 7.(d)(3)(D) remediation of impaired waterways and drinking water resources; or remediation, impaired, waterways, drinking, water, resources
597 77.23 - 78.2 SEC. 7.(d)(4) other activities as the Secretary, in coordination with the Secretary of Labor, the Administrator of the Federal Emergency Management Agency, and the Administrator of the Environmental Protection Agency, determines to be appropriate. activities, secretary, coordination, labor, administrator, federal, emergency, management, agency, environmental, protection, determines, appropriate
598 78.3 - 78.3 SEC. 7.(e) REQUIREMENTS.— requirements
599 78.4 - 78.9 SEC. 7.(e)(1) LABOR STANDARDS; NONDISCRIMINATION.—An eligible entity that receives a grant under this section shall use the funds in a manner consistent with sections 181 and 188 of the Workforce Innovation and Opportunity Act (29 U.S.C. 3241, 3248). labor, standards, nondiscrimination, eligible, entity, receives, grant, funds, manner, consistent, sections, workforce, innovation, opportunity, act, u.s.c
600 78.10 - 78.10 SEC. 7.(e)(2) WAGE RATE REQUIREMENTS.— wage, rate, requirements
601 78.11 - 78.21 SEC. 7.(e)(2)(A) IN GENERAL.—All laborers and mechanics employed by eligible entities to carry out projects and activities funded directly by or assisted in whole or in part by a grant under this section shall be paid at wages at rates not less than those prevailing on projects of a similar character in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of title 40, United States Code (commonly known as the ‘‘DavisBacon Act’’). laborers, mechanics, employed, eligible, entities, carry, projects, activities, funded, directly, assisted, grant, paid, wages, rates, prevailing, character, locality, determined, secretary, labor, accordance, iv, united, states, code, commonly, known, davisbacon, act
602 78.22 - 79.3 SEC. 7.(e)(2)(B) AUTHORITY.—With respect to the labor standards specified in subparagraph (A), the Secretary of Labor shall have the authority and functions set forth in Reorganization Plan Numbered 14 of 1950 (64 Stat. 1267; 5 U.S.C. App.) and section 3145 of title 40, United States Code. authority, respect, labor, standards, specified, subparagraph, secretary, functions, forth, reorganization, plan, numbered, stat, u.s.c, app, united, states, code
603 79.4 - 79.4 SEC. 7.(e)(3) BUY AMERICA REQUIREMENTS.— america, requirements
604 79.5 - 79.8 SEC. 7.(e)(3)(A) IN GENERAL.—All iron, steel, and manufactured goods used for projects and activities carried out with a grant under this section shall be produced in the United States. iron, steel, manufactured, goods, projects, activities, carried, grant, produced, united, states
605 79.9 - 79.11 SEC. 7.(e)(3)(B) WAIVER.—The Secretary may waive the requirement in subparagraph (A) if the Secretary finds that— waiver, secretary, waive, requirement, subparagraph, finds
606 79.12 - 79.13 SEC. 7.(e)(3)(B)(i) enforcing the requirement would be inconsistent with the public interest; enforcing, requirement, inconsistent, public, interest
607 79.14 - 79.18 SEC. 7.(e)(3)(B)(ii) the iron, steel, and manufactured goods produced in the United States are not produced in a sufficient and reasonably available amount or are not of a satisfactory quality; or iron, steel, manufactured, goods, produced, united, states, sufficient, reasonably, available, amount, satisfactory, quality
608 79.19 - 79.21 SEC. 7.(e)(3)(B)(iii) enforcing the requirement will increase the overall cost of the project or activity by more than 25 percent. enforcing, requirement, increase, overall, cost, project, activity
609 79.22 - 79.25 SEC. 7.(f) COORDINATION.—An eligible entity that receives a grant under this section is encouraged to collaborate or partner with other eligible entities in carrying out activities with that grant. coordination, eligible, entity, receives, grant, encouraged, collaborate, partner, entities, carrying, activities
610 80.1 - 80.5 SEC. 7.(g) REPORT.—Not later than 3 years after the date on which the Secretary establishes the grant program under this section, the Secretary and the Secretary of Labor shall submit to Congress a report on the effectiveness of the grant program, including— report, years, secretary, establishes, grant, program, labor, submit, congress, effectiveness
611 80.6 - 80.8 SEC. 7.(g)(1) the number of individuals that have received reemployment or worker transition assistance under this section; number, individuals, reemployment, worker, transition, assistance
612 80.9 - 80.11 SEC. 7.(g)(2) a description of any job creation activities carried out with a grant under this section and the number of jobs created from those activities; description, job, creation, activities, carried, grant, number, jobs
613 80.12 - 80.15 SEC. 7.(g)(3) the percentage of individuals that have received reemployment or worker transition assistance under this section who are, during the second and fourth quarters after exiting the program— percentage, individuals, reemployment, worker, transition, assistance, fourth, quarters, exiting, program
614 80.16 - 80.16 SEC. 7.(g)(3)(A) in education or training activities; or education, training, activities
615 80.17 - 80.17 SEC. 7.(g)(3)(B) employed; employed
616 80.18 - 80.21 SEC. 7.(g)(4) the average wages of individuals that have received reemployment or worker transition assistance under this section during the second and fourth quarters after exit from the program; average, wages, individuals, reemployment, worker, transition, assistance, fourth, quarters, exit, program
617 80.22 - 80.23 SEC. 7.(g)(5) a description of any regional investment activities carried out with a grant under this section; description, regional, investment, activities, carried, grant
618 81.1 - 81.3 SEC. 7.(g)(6) a description of any export promotion activities carried out with a grant under this section, including— description, export, promotion, activities, carried, grant
619 81.4 - 81.5 SEC. 7.(g)(6)(A) a description of the products promoted; and description, products, promoted
620 81.6 - 81.7 SEC. 7.(g)(6)(B) an analysis of any increase in exports as a result of the promotion; analysis, increase, exports, promotion
621 81.8 - 81.9 SEC. 7.(g)(7) a description of any resilience activities carried out with a grant under this section; description, resilience, activities, carried, grant
622 81.10 - 81.13 SEC. 7.(g)(8) a description of any cleanup activities from fossil fuel industry facilities or carbon-intensive industries carried out with a grant under this section; and description, cleanup, activities, fossil, fuel, industry, facilities, carbon, intensive, industries, carried, grant
623 81.14 - 81.17 SEC. 7.(g)(9) the distribution of funding among geographic and socioeconomic groups, including urban and rural communities, low-income communities, communities of color, and Indian Tribes. distribution, funding, geographic, socioeconomic, urban, rural, communities, income, indian, tribes
624 81.18 - 81.18 SEC. 7.(h) FUNDING.— funding
625 81.19 - 81.23 SEC. 7.(h)(1) INITIAL FUNDING.—There is appropriated to the Secretary, out of any funds in the Treasury not otherwise appropriated, $5,000,000,000 for each of fiscal years 2022 and 2023 to carry out this section, to remain available until expended. initial, funding, appropriated, secretary, funds, treasury, otherwise, 5,000,000,000, fiscal, years, carry, remain, available, expended
626 81.24 - 82.3 SEC. 7.(h)(2) AMERICA’S CLEAN FUTURE FUND.—The Secretary shall carry out this section using amounts made available from the America’s Clean Future Fund under section 9512 of the Internal Revenue Code of 1986 (as added by section 4). america’s, clean, future, fund, secretary, carry, amounts, available, internal, revenue, code
627 82.4 - 82.4 SEC. 8. STUDY ON CARBON PRICING. study, carbon, pricing
628 82.5 - 82.13 SEC. 8.(a) IN GENERAL.—Not later than January 1, 2025, the Administrator of the Environmental Protection Agency (referred to in this section as the ‘‘Administrator’’) shall seek to enter into an agreement with the National Academy of Sciences under which the National Academy of Sciences shall carry out a study not less frequently than once every 5 years to evaluate the effectiveness of the fees established under sections 4692 and 4693 of the Internal Revenue Code of 1986 in achieving the following goals: january, administrator, environmental, protection, agency, referred, seek, agreement, national, academy, sciences, carry, study, frequently, years, evaluate, effectiveness, fees, established, sections, internal, revenue, code, achieving, goals
629 82.14 - 82.15 SEC. 8.(a)(1) A net reduction of greenhouse gas emissions by 45 percent, based on 2018 levels, by 2030. reduction, greenhouse, gas, emissions, levels
630 82.16 - 82.17 SEC. 8.(a)(2) A net reduction of greenhouse gas emissions by 100 percent, based on 2018 levels, by 2050. reduction, greenhouse, gas, emissions, levels
631 82.18 - 82.21 SEC. 8.(b) REQUIREMENTS.—In executing the agreement under subsection (a), the Administrator shall ensure that, in carrying out a study under that subsection, the National Academy of Sciences— requirements, executing, agreement, subsection, administrator, ensure, carrying, study, national, academy, sciences
632 82.22 - 82.22 SEC. 8.(b)(1) includes an evaluation of— evaluation
633 82.23 - 83.2 SEC. 8.(b)(1)(A) total annual greenhouse gas emissions by the United States, including greenhouse gas emissions not subject to the fees described in that subsection; total, annual, greenhouse, gas, emissions, united, states, subject, fees, described, subsection
634 83.3 - 83.5 SEC. 8.(b)(1)(B) the historic trends in the total greenhouse gas emissions evaluated under subparagraph (A); and historic, trends, total, greenhouse, gas, emissions, evaluated, subparagraph
635 83.6 - 83.10 SEC. 8.(b)(1)(C) the impacts of the fees established under sections 4692 and 4693 of the Internal Revenue Code of 1986 on changes in the levels of fossil fuel-related localized air pollutants in environmental justice communities; impacts, fees, established, sections, internal, revenue, code, levels, fossil, fuel, related, localized, air, pollutants, environmental, justice, communities
636 83.11 - 83.13 SEC. 8.(b)(2) analyzes the extent to which greenhouse gas emissions have been or would be reduced as a result of current and potential future policies, including— analyzes, extent, greenhouse, gas, emissions, reduced, potential, future, policies
637 83.14 - 83.21 SEC. 8.(b)(2)(A) a projection of greenhouse gas emissions reductions that would result if the regulations of the Administrator were to be adjusted to impose stricter limits on greenhouse gas emissions than the goals described in that subsection, with a particular focus on greenhouse gas emissions not subject to the fees described in that subsection; projection, greenhouse, gas, emissions, reductions, regulations, administrator, adjusted, impose, stricter, limits, goals, described, subsection, particular, focus, subject, fees
638 83.22 - 83.25 SEC. 8.(b)(2)(B) the status of greenhouse gas emissions reductions that result from the fees established under sections 4692 and 4693 of the Internal Revenue Code of 1986; status, greenhouse, gas, emissions, reductions, fees, established, sections, internal, revenue, code
639 84.1 - 84.4 SEC. 8.(b)(2)(C) a projection of greenhouse gas emissions reductions that would result if the fees established under those sections were annually increased— projection, greenhouse, gas, emissions, reductions, fees, established, sections, annually, increased
640 84.5 - 84.5 SEC. 8.(b)(2)(C)(i) at the current price path; and price, path
641 84.6 - 84.6 SEC. 8.(b)(2)(C)(ii) above the current price path; price, path
642 84.7 - 84.10 SEC. 8.(b)(2)(D) an analysis of greenhouse gas emissions reductions that result from the policies of States, units of local government, Tribal communities, and the private sector; analysis, greenhouse, gas, emissions, reductions, policies, states, units, local, government, tribal, communities, private, sector
643 84.11 - 84.20 SEC. 8.(b)(2)(E) a projection of greenhouse gas emissions reductions that would result from the promulgation of additional Federal climate policies, including a clean energy standard, increased fuel economy and greenhouse gas emissions standards for motor vehicles, a low-carbon fuel standard, electrification of cars and heavy-duty trucks, and reforestation of not less than 3,000,000 acres of land within the National Forest System; and projection, greenhouse, gas, emissions, reductions, promulgation, federal, climate, policies, clean, energy, standard, increased, fuel, economy, standards, motor, vehicles, carbon, electrification, cars, heavy, duty, trucks, reforestation, 3,000,000, acres, land, national, forest, system
644 84.21 - 84.22 SEC. 8.(b)(2)(F) the status and projections of decarbonization in other major economies; and status, projections, decarbonization, major, economies
645 84.23 - 85.2 SEC. 8.(b)(3) submits a report to the Administrator, Congress, and the Board of Directors of the Climate Change Finance Corporation describing the results of the study. submits, report, administrator, congress, board, directors, climate, finance, corporation, describing, results, study
646 85.3 - 85.4 SEC. 9. ESTABLISHMENT OF TARGETS FOR CARBON SEQUESTRATION BY LAND AND WATER. establishment, targets, carbon, sequestration, land, water
647 85.5 - 85.9 SEC. 9.(a) IN GENERAL.—The Chair of the Council on Environmental Quality, in consultation with the Secretaries of Agriculture, Commerce, and the Interior, the Chief of Engineers, and the Administrator of the Environmental Protection Agency, shall— chair, council, environmental, quality, consultation, secretaries, agriculture, commerce, interior, chief, engineers, administrator, protection, agency
648 85.10 - 85.13 SEC. 9.(a)(1) establish a target for carbon sequestration that can reasonably be achieved through enhancing the ability of public and private land and water to function as natural carbon sinks; establish, target, carbon, sequestration, reasonably, achieved, enhancing, ability, public, private, land, water, function, natural, sinks
649 85.14 - 85.15 SEC. 9.(a)(2) develop strategies for meeting that target; and develop, strategies, meeting, target
650 85.16 - 85.18 SEC. 9.(a)(3) develop strategies to expand protections for coastal ecosystems that sequester carbon and provide resiliency benefits, such as— develop, strategies, expand, protections, coastal, ecosystems, sequester, carbon, resiliency, benefits
651 85.19 - 85.19 SEC. 9.(a)(3)(A) flood protection; flood, protection
652 85.20 - 85.20 SEC. 9.(a)(3)(B) soil and beach retention; soil, beach, retention
653 85.21 - 85.21 SEC. 9.(a)(3)(C) erosion reduction; erosion, reduction
654 85.22 - 85.22 SEC. 9.(a)(3)(D) biodiversity; biodiversity
655 85.23 - 85.23 SEC. 9.(a)(3)(E) water purification; and water, purification
656 85.24 - 85.24 SEC. 9.(a)(3)(F) nutrient cycling. nutrient, cycling
657 86.1 - 86.4 SEC. 9.(b) REPORT.—As soon as practicable after the date of enactment of this Act, the Chair of the Council on Environmental Quality shall submit to Congress a report describing— report, soon, practicable, enactment, act, chair, council, environmental, quality, submit, congress, describing
658 86.5 - 86.6 SEC. 9.(b)(1) the target and strategies described in paragraphs (1) through (3) of subsection (a); and target, strategies, described, paragraphs, subsection
659 86.7 - 86.9 SEC. 9.(b)(2) any additional statutory authorities or authorized funding levels needed to successfully implement those strategies. statutory, authorities, authorized, funding, levels, needed, successfully, implement, strategies