MARKET CHOICE Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 7, 2021)
Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act or the MARKET CHOICE Act
This bill imposes a tax on the greenhouse gas emissions of fossil fuels, certain industrial processes, and certain product uses.
The bill transfers tax revenue to a Rebuilding Infrastructure and Solutions for the Environment Trust Fund (RISE Trust Fund) established by this bill. Specified amounts in the trust fund shall be available for the federal Highway Trust Fund, grants to low-income households, and other specified energy, environmental, infrastructure, and research and development priorities.
The bill also
- eliminates the federal motor vehicle and aviation fuel taxes,
- modifies the tax credit for carbon capture and storage and the qualifying advanced coal project tax credit,
- imposes a moratorium on finalizing and enforcing certain Clean Air Act regulations on greenhouse gas emissions, and
- establishes a National Climate Commission to review policies to reduce greenhouse gas emissions.
The moratorium on regulations for limiting greenhouse gas emissions expires in 2035 if specified emission targets are not reached.
What just happenedJul 5, 2022
Referred to the Subcommittee on Energy and Mineral Resources.
Who’s behind it
- Introduced in HouseMay 7, 2021
- Jul 5, 2022Committee
Referred to the Subcommittee on Energy and Mineral Resources.
Energy and Mineral Resources Subcommittee - May 10, 2021Committee
Referred to the Subcommittee on Environment and Climate Change.
Environment, Manufacturing, and Critical Materials Subcommittee - May 10, 2021Committee
Referred to the Subcommittee on Highways and Transit.
Highways and Transit Subcommittee - May 7, 2021Committee
Referred to the Subcommittee on Energy.
Energy Subcommittee - May 7, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Agriculture Committee - May 7, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Science, Space, and Technology Committee - May 7, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Transportation and Infrastructure Committee - May 7, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Education and the Workforce Committee - May 7, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Natural Resources Committee - May 7, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Energy and Commerce Committee - May 7, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ways and Means Committee - May 7, 2021IntroReferralIntro-H
Introduced in House
- May 7, 2021IntroReferral1000
Introduced in House