Sec. 103. Pollution Reduction Trust Fund
356 words·~2 min read·
/bill/113/s/332/is/section-103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is established in the Treasury of the United States a trust fund to be known as the Pollution Reduction Trust Fund (referred to in this section as the Trust Fund ), consisting of such amounts as are transferred to the Trust Fund under subsection
(b)and to be used to facilitate the implementation of the carbon pollution reduction program. After setting aside amounts under section 102(a), there is appropriated to the Trust Fund an amount equivalent to the remaining revenues received in the Treasury as the result of the fee imposed under section 196 of the Clean Air Act (as added by section 101(a)). Amounts in the Trust Fund for a calendar year shall be available without further appropriation, as follows: $7,500,000,000 shall be available to the Administrator of the Environmental Protection Agency, for each of the first 10 calendar years beginning after the date of enactment of this Act, to mitigate the economic impacts of the fee imposed under section 196 of the Clean Air Act (as added by section 101(a)) on energy-intensive and trade-exposed industries, to be distributed in accordance with regulations promulgated by the Administrator, subject to the requirement that the Administrator shall reserve not less than ¼ of those amounts for energy efficiency investments in energy-intensive or trade-exposed industries. $5,000,000,000 shall be available to the Secretary of Energy to carry out the Weatherization Assistance Program for Low-Income Persons established under part A of title IV of the Energy Conservation and Production Act ( 42 U.S.C. 6861 et seq. ) for each of the first 10 calendar years beginning after the date of enactment of this Act. $1,000,000,000 shall be available to the Secretary of Labor for each of the first 10 calendar years beginning after the date of enactment of this Act for job training, education, and transition assistance for individuals employed by the fossil fuel industry seeking to transition to clean energy jobs. $2,000,000,000 shall be available for the Advanced Research Projects Agency-Energy for each of the first 10 calendar years beginning after the date of enactment of this Act. The balance shall be used for Federal budget deficit reduction.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 103
Pollution Reduction Trust Fund
Cites 1Cited by 0 across 0 sources