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MARKET CHOICE Act

USA116th CongressHR-4520| House 
| Updated: 10/18/2019
Brian K. Fitzpatrick

Brian K. Fitzpatrick

Republican Representative

Pennsylvania

Cosponsors (3)
Scott H. Peters (Democratic)Salud O. Carbajal (Democratic)Francis Rooney (Republican)
Committees (10)
• Transportation and Infrastructure Committee• Environment Subcommittee• Energy and Mineral Resources Subcommittee• Ways and Means Committee• Agriculture Committee• Highways and Transit Subcommittee• Science, Space, and Technology Committee• Energy and Commerce Committee• Education and Workforce Committee• Natural Resources Committee
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Sep 26, 2019
Introduced in House
Sep 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.
Sep 27, 2019
Referred to the Subcommittee on Highways and Transit.
Sep 27, 2019
Referred to the Subcommittee on Environment and Climate Change.
Oct 18, 2019
Referred to the Subcommittee on Energy and Mineral Resources.
  • September 26, 2019
    Introduced in House


  • September 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.


  • September 27, 2019
    Referred to the Subcommittee on Highways and Transit.


  • September 27, 2019
    Referred to the Subcommittee on Environment and Climate Change.


  • October 18, 2019
    Referred to the Subcommittee on Energy and Mineral Resources.

Taxation

Related Bills

  • HR 116-4058: SWAP Act
Administrative law and regulatory proceduresAdvisory bodiesAir qualityClimate change and greenhouse gasesCoalEconomic developmentElectric power generation and transmissionEmployment and training programsEnvironmental healthEnvironmental Protection Agency (EPA)Environmental regulatory proceduresFloods and storm protectionGovernment trust fundsIncome tax creditsIndustrial facilitiesInfrastructure developmentInternational organizations and cooperationManufacturingMetalsMiningMotor fuelsMotor vehiclesOil and gasSales and excise taxesTax administration and collection, taxpayersUnemployment

MARKET CHOICE Act

USA116th CongressHR-4520| House 
| Updated: 10/18/2019
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 26, 2019
Introduced in House
Sep 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.
Sep 27, 2019
Referred to the Subcommittee on Highways and Transit.
Sep 27, 2019
Referred to the Subcommittee on Environment and Climate Change.
Oct 18, 2019
Referred to the Subcommittee on Energy and Mineral Resources.
  • September 26, 2019
    Introduced in House


  • September 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.


  • September 27, 2019
    Referred to the Subcommittee on Highways and Transit.


  • September 27, 2019
    Referred to the Subcommittee on Environment and Climate Change.


  • October 18, 2019
    Referred to the Subcommittee on Energy and Mineral Resources.
Brian K. Fitzpatrick

Brian K. Fitzpatrick

Republican Representative

Pennsylvania

Cosponsors (3)
Scott H. Peters (Democratic)Salud O. Carbajal (Democratic)Francis Rooney (Republican)
Committees (10)
• Transportation and Infrastructure Committee• Environment Subcommittee• Energy and Mineral Resources Subcommittee• Ways and Means Committee• Agriculture Committee• Highways and Transit Subcommittee• Science, Space, and Technology Committee• Energy and Commerce Committee• Education and Workforce Committee• Natural Resources Committee

Taxation

Related Bills

  • HR 116-4058: SWAP Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresAdvisory bodiesAir qualityClimate change and greenhouse gasesCoalEconomic developmentElectric power generation and transmissionEmployment and training programsEnvironmental healthEnvironmental Protection Agency (EPA)Environmental regulatory proceduresFloods and storm protectionGovernment trust fundsIncome tax creditsIndustrial facilitiesInfrastructure developmentInternational organizations and cooperationManufacturingMetalsMiningMotor fuelsMotor vehiclesOil and gasSales and excise taxesTax administration and collection, taxpayersUnemployment