An Act establishing a climate change superfund and promoting polluter responsibility

This bill creates a new Climate Change Adaptation Cost Recovery Act to establish a superfund that recovers costs from entities responsible for climate pollution. It defines "climate change adaptive infrastructure projects" broadly to include measures like coastal protection, stormwater upgrades, and energy efficiency improvements for both public and private buildings. Under the proposed law, polluters would be required to pay into this fund to help finance these resilience projects, shifting the financial burden of climate adaptation from taxpayers to those contributing to the problem. The legislation also sets specific definitions for terms like "applicable payment date" and "controlled group" to ensure consistent application of the funding rules.