FAIR Transition and Competition Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 19, 2021)
Fair, Affordable, Innovative, and Resilient Transition and Competition Act or the FAIR Transition and Competition Act
This bill requires the Department of the Treasury, not later than July 1, 2023, and annually thereafter, to determine the domestic environmental cost incurred for industrial facilities producing steel, aluminum, cement, iron, or other products (sectors), and for the production of natural gas, petroleum, or coal (covered fuels) that are or may be used to emit greenhouse gases. By that same date, the Environmental Protection Agency must determine and publish the average greenhouse gas emissions of each sector to determine progress in reducing such emissions.
The bill imposes a fee (border carbon adjustment) on importers of covered fuels and products.
Treasury must provide to each state a resilient communities grant to provide job training and worker transition assistance, assist certain governmental entities and frontline communities, alleviate historical burdens imposed on communities of color and other vulnerable populations, and to assist small businesses disproportionately impacted by the border carbon adjustment fee.
What just happenedJul 20, 2021
Referred to the Subcommittee on Environment and Climate Change.
Who’s behind it
- Introduced in HouseJul 19, 2021
- Jul 20, 2021Committee
Referred to the Subcommittee on Environment and Climate Change.
Environment, Manufacturing, and Critical Materials Subcommittee - Jul 19, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Science, Space, and Technology, Energy and Commerce, Foreign Affairs, and Education and Labor, 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 - Jul 19, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Science, Space, and Technology, Energy and Commerce, Foreign Affairs, and Education and Labor, 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.
Foreign Affairs Committee - Jul 19, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Science, Space, and Technology, Energy and Commerce, Foreign Affairs, and Education and Labor, 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 - Jul 19, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Science, Space, and Technology, Energy and Commerce, Foreign Affairs, and Education and Labor, 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 - Jul 19, 2021IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Science, Space, and Technology, Energy and Commerce, Foreign Affairs, and Education and Labor, 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 - Jul 19, 2021IntroReferralIntro-H
Introduced in House
- Jul 19, 2021IntroReferral1000
Introduced in House