Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act Justice for ALS Veterans Act of 2025 Election Day Act Let America Vote Act SAFER Schools Act of 2025 Secure And Fortify Entrances and Rooms in Schools Act of 2025 End Banking for Human Traffickers Act of 2025 KO Cancer Act Knock Out Cancer Act MARKET CHOICE Act
Impact
The most significant impact of HB5827 lies in its modification of existing environmental laws, particularly through amendments to the Clean Air Act. By enacting an emissions tax, the bill seeks to provide financial incentives for emissions reductions while simultaneously targeting the funding of infrastructure projects that mitigate the effects of climate change. The bill also emphasizes the need to assist workers displaced by these transitions, demonstrating a holistic approach to climate policy where economic and environmental considerations align.
Summary
House Bill 5827 introduces several measures aimed at addressing climate change through economic incentives and infrastructure support. The bill establishes a comprehensive framework to regulate greenhouse gas emissions by imposing a tax on fossil fuels produced or imported into the United States. The tax will begin at $35 per ton in 2027 and will increase annually. Proceeds from this tax will be allocated to various funds, including the Rebuilding Infrastructure and Solutions for the Environment Trust Fund, aimed at enhancing infrastructure resilience against climate impacts and facilitating energy transitions.
Contention
Notable points of contention surrounding HB5827 include concerns regarding the tax burden on fossil fuel industries and potential economic implications for states dependent on these sectors. While supporters argue that the revenue generated will bolster crucial infrastructure investments and facilitate a transition to cleaner energy, opponents fear that the tax may lead to increased energy costs for consumers and hinder economic growth in traditional energy sectors. The debate thus centers on balancing environmental priorities with economic realities.
Same As
Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act Knock Out Cancer Act MARKET CHOICE Act Justice for ALS Veterans Act of 2025 Election Day Act Let America Vote Act SAFER Schools Act of 2024 Secure And Fortify Entrances and Rooms in Schools Act of 2024 KO Cancer Act
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MARKET CHOICE Act Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act
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Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act Knock Out Cancer Act MARKET CHOICE Act Protecting VA Employees Act Election Day Act Let America Vote Act End Banking for Human Traffickers Act of 2025 KO Cancer Act
Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act Knock Out Cancer Act MARKET CHOICE Act Justice for ALS Veterans Act of 2025 Election Day Act Let America Vote Act SAFER Schools Act of 2024 Secure And Fortify Entrances and Rooms in Schools Act of 2024 KO Cancer Act
Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act Knock Out Cancer Act MARKET CHOICE Act Protecting VA Employees Act Election Day Act Let America Vote Act End Banking for Human Traffickers Act of 2025 KO Cancer Act
MARKET CHOICE Act Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act