Energy Innovation and Carbon Dividend Act of 2019 information
U.S. carbon tax bill
For the 2018 bill, see Energy Innovation and Carbon Dividend Act of 2018.
Energy Innovation and Carbon Dividend Act of 2019
Long title
To create a Carbon Dividend Trust Fund for the American people in order to encourage market-driven innovation of clean energy technologies and market efficiencies which will reduce harmful pollution and leave a healthier, more stable, and more prosperous nation for future generations.
Enacted by
the 116th United States Congress
Citations
Public law
H.R.763 - Energy Innovation and Carbon Dividend Act of 2019
Codification
Acts amended
Internal Revenue Code Clean Air Act
Legislative history
Introduced in the House as H.R. 763 by Ted Deutch on January 24, 2019
Committee consideration by the Committee on Ways and Means, the Committee on Energy and Commerce and the Committee on Foreign Affairs
The Energy Innovation and Carbon Dividend Act of 2019 (H.R. 763) is a bill in the United States House of Representatives that proposes a fee on carbon at the point of extraction to encourage market-driven innovation of clean energy technologies to reduce greenhouse gas emissions. The fees are recycled to citizens in monthly dividends. The act was originally introduced in 2018 with bipartisan support from six co-sponsors and died when the 115th congress ended on 3 January 2019.[1] It is principally based on Citizens' Climate Lobby's carbon fee and dividend proposal, and this organization advocates for the bill.[2]
On 24 January 2019, the bill was introduced into the house by Representative Ted Deutch on behalf of himself and six other original cosponsors.[3]
The bill obtained 86 cosponsors but was not voted on. On April 1, 2021, the bill was reintroduced in the 117th Congress as H.R. 2307, the Energy Innovation and Carbon Dividend Act of 2021.[4][5] On September 27, 2023, the bill was reintroduced in the 118th Congress as H. R. 5744, the Energy Innovation and Carbon Dividend Act of 2023.[6]
^Conradis, Brandon (2018-11-27). "Bipartisan group of lawmakers propose landmark carbon tax". TheHill. Retrieved 2018-11-30.
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Climate Change: Vital Signs of the Planet. Retrieved October 27, 2019. "InnovationEnergy: Canada leads the way in carbon capture as more governments...
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other renewable energy products, in Hefei in 2011. 3M announced plans to construct a technology innovation center in Chengdu in 2015, and opened a fifth...
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