S. 2712

119th CONGRESS 1st Session

To amend the Internal Revenue Code of 1986 to establish a carbon fee to reduce greenhouse gas emissions, and for other purposes.

IN THE SENATE OF THE UNITED STATES · September 4, 2025 · Sponsor: Mr. Durbin · Committee: Committee on Finance

Table of contents

• S. 2712
  • Sec. 4691. Definitions.
  • Sec. 4692. Carbon fee.
  • Sec. 4693. Fee on noncovered fuel emissions.
  • Sec. 4694. Refunds for carbon capture, sequestration, and utilization.
  • Sec. 4695. Border adjustments.

Sec. 4691. Definitions.

For purposes of this subchapter—

• The term Administrator means the Administrator of the Environmental Protection Agency.
• The term or means the number of metric tons of carbon dioxide emissions with the same global warming potential over a 100-year period as one metric ton of another greenhouse gas. carbon dioxide equivalent,[object Object]
• The term carbon-intensive product means—
• The term covered entity means—
• The term covered fuel means crude oil, natural gas, coal, or any other product derived from crude oil, natural gas, or coal which shall be used so as to emit greenhouse gases to the atmosphere.
• The term — greenhouse gas
• The term greenhouse gas content means the amount of greenhouse gases, expressed in metric tons of CO-e, which would be emitted to the atmosphere by the use of a covered fuel.
• The term noncovered fuel emission means any carbon dioxide or methane emitted as a result of the production, processing, transport, or use of any product or material within the energy or industrial sectors—
• The term qualified carbon oxide has the meaning given the term in section 45Q(c).
• The term shall be treated as including each possession of the United States (including the Commonwealth of Puerto Rico and the Commonwealth of the Northern Mariana Islands). United States

Sec. 4692. Carbon fee.

Sec. 4693. Fee on noncovered fuel emissions.

Sec. 4694. Refunds for carbon capture, sequestration, and utilization.

Sec. 4695. Border adjustments.