Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 4520
116th Congress(2019-2020)
MARKET CHOICE Act
Introduced
Introduced
Introduced in House on Sep 26, 2019
Overview
Text
Introduced
Sep 26, 2019
Latest Action
Oct 18, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4520
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Republican
Brian Fitzpatrick
Pennsylvania
Democrat
Salud Carbajal
California
Democrat
Scott Peters
California
Republican
Francis Rooney
Florida
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
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 appropriates and transfers specified revenue from the tax to a Rebuilding Infrastructure and Solutions for the Environment Trust Fund (RISE Trust Fund) established by the bill. Specified amounts in the trust fund shall be available, as provided by appropriations Acts, 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 expires in 2033 if specified emission targets are not reached.

Text (1)
Introduced in House
September 26, 2019
Related Bills (1)
Jul 25, 2019
Introduced in House
2
Sponsorship
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (5)
10/18/2019
Referred to the Subcommittee on Energy and Mineral Resources.
09/27/2019
Referred to the Subcommittee on Environment and Climate Change.
09/27/2019
Referred to the Subcommittee on Highways and Transit.
09/26/2019
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.
09/26/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:49:46 PM
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