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HR 1135119th CongressIntroduced
Polluters Pay Climate Fund Act of 2025
Introduced: Oct 29, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Polluters Pay Climate Fund Act of 2025 imposes a $1 trillion assessment on fossil fuel companies to fund climate resilience and environmental justice initiatives.
Key Points
- 1Imposes tax on fossil fuel companies based on historical CO2 emissions (2000-2023)
- 2Establishes $1 trillion annual assessment on largest fossil fuel producers and refiners
- 3Creates Polluters Pay Climate Fund in Treasury for climate adaptation and resilience
- 4Requires 40% of funds to benefit environmental justice communities
- 5Allocates specific amounts to FEMA ($15B) and Clean Air Act grants ($6B)
- 6Allows payment in 9 annual installments with 20% down payment
- 7Includes strong non-preemption and legal liability preservation provisions
Impact Areas
Fossil fuel industry and carbon pricingFederal climate policy and environmental justiceDisaster response and climate resilience fundingEnvironmental regulation and carbon accountability
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