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S 25119th 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 imposes a $1 trillion assessment on major fossil fuel companies based on historical emissions to fund climate resilience and environmental justice initiatives.
Key Points
- 1Imposes tax on fossil fuel companies with over 1 billion metric tons CO2 emissions
- 2Uses emissions from 2000-2023 to determine liability shares
- 3Establishes Polluters Pay Climate Fund with $1 trillion target
- 4Prioritizes environmental justice communities (40% of funds)
- 5Funds climate resilience, disaster recovery, infrastructure, and adaptation
- 6Allows 9-year installment payments with acceleration clauses
Impact Areas
Fossil fuel industryClimate change policyEnvironmental justice communitiesFederal climate fundingEnergy sector regulationInfrastructure investment
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