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HR 6665 United States House · 118th Congress

MARKET CHOICE Act

The MARKET CHOICE Act establishes a tax on greenhouse gas emissions from fossil fuels, industrial processes, and certain products, starting at $35 per metric ton of carbon dioxide equivalent in 2025 with annual increases based on inflation. It creates a "RISE Trust Fund" to distribute 75% of the tax revenue to infrastructure projects including highways, climate adaptation initiatives, and worker retraining programs for energy sector workers. The bill also implements border tax adjustments for imports of greenhouse gas-intensive products to prevent competitive disadvantages for domestic manufacturers and limits EPA's authority to regulate emissions from sources already subject to the tax.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill creates emissions tax to fund infrastructure, climate projects, and worker retraining via RISE Trust Fund, directly allocating tax revenue to public spending programs.95% confidence ✓ EnergySupports EnergyTax on fossil fuel emissions and funds climate infrastructure/worker retraining, reducing fossil fuel reliance and advancing clean energy transition90% confidence ✓ EnvironmentSupports EnvironmentBill imposes emissions tax and funds climate adaptation initiatives via RISE Trust Fund, directly reducing pollution and strengthening environmental protection measures.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill allocates 75% of tax revenue to worker retraining programs for energy sector workers, directly advancing employment standards and workforce development.90% confidence ✓ TransportationSupports TransportationBill allocates 75% of tax revenue to infrastructure projects including highways, directly funding transportation infrastructure.95% confidence
Sub-Topics: Revenue Transportation Funding Climate Change
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2023
Committee Review
Floor Vote
President
Introduced Dec 7, 2023 Last action Jan 25, 2024
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
5
Key actions
0
Committee
4
Jan 25, 2024
House · Referred to committee
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Dec 11, 2023
House · Referred to committee
Referred to the Subcommittee on Highways and Transit.
Dec 8, 2023
House · Referred to committee
Referred to the Subcommittee on Environment, Manufacturing, and Critical Materials.
Dec 7, 2023
House · Referred to committee
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and the Workforce, 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.
Dec 7, 2023
House · Introduced
Introduced in House
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brian K. Fitzpatrick
Brian K. Fitzpatrick
RRepublican
PA
1
Co
Photo of Salud O. Carbajal
Salud O. Carbajal
DDemocratic
CA
24