S 5495 United States Senate · 118th Congress

Healthy Climate and Family Security Act of 2024

This bill establishes a cap-and-dividend system requiring fossil fuel producers and importers (including crude oil, coal, and natural gas companies) to purchase carbon permits for emissions. It sets specific emissions reduction targets, including a 50% reduction from 2015 levels by 2030 and 90% by 2050, with a minimum permit price starting at $40 per ton of CO2 that increases annually. Revenue from permit auctions would be distributed as quarterly "Healthy Climate Dividends" to eligible individuals with valid Social Security numbers. The bill also includes environmental justice provisions to address pollution in frontline communities and border adjustments to impose fees on carbon-intensive imports.
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
President
Introduced Dec 11, 2024 Last action Dec 11, 2024
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Full legislative history

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Total actions
2
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0
Committee
1
Dec 11, 2024
Senate · Referred to committee
Read twice and referred to the Committee on Finance.
Dec 11, 2024
Senate · Introduced
Introduced in Senate
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Chris Van Hollen
Chris Van Hollen
DDemocratic
MD
n/a