H.R. 3039 · 117th Congress · House

MARKET CHOICE Act

Active· Referred to the Subcommittee on Energy and Mineral Resources.

Introduced

May 7, 21

Passed House

Pending

Passed Senate

Pending

Sent to President

Pending

Signed into Law

Pending

Introduced

May 7, 21

Passed House

Pending

Passed Senate

Pending

Sent to President

Pending

Signed into Law

Pending

Executive Summary

Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act or the MARKET CHOICE Act

This bill imposes a tax on the greenhouse gas emissions of fossil fuels, certain industrial processes, and certain product uses.

The bill transfers tax revenue to a Rebuilding Infrastructure and Solutions for the Environment Trust Fund (RISE Trust Fund) established by this bill. Specified amounts in the trust fund shall be available for the federal Highway Trust Fund, grants to low-income households, and other specified energy, environmental, infrastructure, and research and development priorities.

The bill also

eliminates the federal motor vehicle and aviation fuel taxes,
modifies the tax credit for carbon capture and storage and the qualifying advanced coal project tax credit,
imposes a moratorium on finalizing and enforcing certain Clean Air Act regulations on greenhouse gas emissions, and
establishes a National Climate Commission to review policies to reduce greenhouse gas emissions.

The moratorium on regulations for limiting greenhouse gas emissions expires in 2035 if specified emission targets are not reached.

Action Timeline

JUL 05, 2022•Committee
Referred to the Subcommittee on Energy and Mineral Resources.
MAY 10, 2021•Committee
Referred to the Subcommittee on Highways and Transit.
MAY 10, 2021•Committee
Referred to the Subcommittee on Environment and Climate Change.
MAY 07, 2021•IntroReferral
Introduced in House
MAY 07, 2021•IntroReferral
Introduced in House
MAY 07, 2021•IntroReferral
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
MAY 07, 2021•IntroReferral
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
MAY 07, 2021•IntroReferral
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
MAY 07, 2021•IntroReferral
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
MAY 07, 2021•IntroReferral
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
MAY 07, 2021•IntroReferral
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
MAY 07, 2021•IntroReferral
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Labor, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
MAY 07, 2021•Committee
Referred to the Subcommittee on Energy.

Active

Ways and Means Committee

hswm00

Referred: May 7, 2021

Active

Executive Summary

Action Timeline

Referred to the Subcommittee on Energy and Mineral Resources.

Referred to the Subcommittee on Highways and Transit.

Referred to the Subcommittee on Environment and Climate Change.

Introduced in House

Introduced in House

Referred to the Subcommittee on Energy.

Committees

Energy and Mineral Resources Subcommittee

Environment Subcommittee

Highways and Transit Subcommittee

Energy Subcommittee

Agriculture Committee

Science, Space, and Technology Committee

Transportation and Infrastructure Committee

Education and Workforce Committee

Natural Resources Committee

Energy and Commerce Committee

Ways and Means Committee