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Congressional Research Service
Version 00 · Introduced in Senate · Feb 5, 2018
American Opportunity Carbon Fee Act of 2018
This bill amends the Internal Revenue Code to impose fees on: (1) fossil fuel products producing carbon dioxide emissions, including coal, petroleum products, and natural gas; (2) fluorinated greenhouse gases; (3) emissions of any greenhouse gas from any greenhouse gas emissions source; and (4) associated emissions (attributable to venting, flaring, and leakage across the supply chain).
The bill directs the Department of the Treasury to:
Showing the opening paragraphs of the official summary.
establish, implement, and report on a program to identify all major source categories of associated emissions and collect data on associated emissions from the coal, petroleum products, and natural gas supply chains;
make specified adjustments to the new fees for importers and exporters of energy-intensive manufactured goods;
make a specified payment each calendar year to certain Social Security beneficiaries, veterans, and disabled individuals;
make cost mitigation grants to states to assist low-income and rural households and provide job training and worker transition assistance; and
establish a website to make regular disclosures concerning revenue, tax savings, and benefits attributable to this bill.
The bill also allows a new carbon fee offset tax credit for the lesser of: 6.2% of earned income, or $800.
People & committees
Sen. Whitehouse, Sheldon [D-RI] · D–RI
Legislative record
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Read twice and referred to the Committee on Finance.
Introduced in Senate
Primary sources
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Source last updated: Jan 10, 2026. Consult Congress.gov for the current record.
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