HR 9334 United States House · 118th Congress

Steel Modernization Act of 2024

The Steel Modernization Act of 2024 provides financial assistance and tax credits to U.S. steel manufacturers adopting technologies that reduce greenhouse gas emissions from steel production. It requires recipients to produce "near-zero emissions intensity steel" by 2035, report emissions data, and implement community benefits plans that address local environmental and economic concerns. The bill also imposes a tariff on imported steel based on its emissions intensity, with revenues funding clean energy programs and administrative costs. This affects steel manufacturers, workers, and communities near steel facilities by promoting cleaner production while supporting domestic steel industry competitiveness.

Sub-Topics: Renewable Energy Climate Change

Bill status in committee 1 of 4 stages cleared

Introduction

Aug 2024

Committee Review

Floor Vote

President

Introduced Aug 9, 2024 Last action Dec 17, 2024

Floor votes

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No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Dec 17, 2024

Committee

Referred to the Subcommittee on Trade.

lower

Aug 9, 2024

Committee

Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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.

lower

Aug 9, 2024

Introduced

Introduced in House

lower

1 primary · 13 co-sponsors