119th CONGRESS 1st Session
To impose an assessment related to fossil fuel emissions, to establish the Polluters Pay Climate Fund, and for other purposes.
IN THE SENATE OF THE UNITED STATES · January 7, 2025 · Sponsor: Mr. Van Hollen · Committee: Committee on Finance
assessable person means—
applicable payment date means September 30, 2026.covered carbon dioxide emissions means, with respect to any person, the total quantity of carbon dioxide released into the atmosphere during the covered period by reason such person engaging in the trade or business of extracting fossil fuels or of refining crude oil.covered period means the period that—fossil fuel means coal, crude oil, and fuel gases.coal means anthracite, bituminous, subbituminous, and lignite coal.crude oil means oil or petroleum of any kind and in any form, including bitumen, oil sands, heavy oil, conventional and unconventional oil, shale oil, natural gas liquids, condensates, and related fossil fuel liquids.fuel gases means natural gas, associated natural gas, conventional and unconventional gas, shale gas, and related methane gas production.