SJM 5A urges Congress to pass HR 763 on climate change

This bill urges Congress to pursue viable solutions to the threat posed by climate change and to pass House Resolution 763, the Energy Innovation and Carbon Dividend Act.

Personal Choice and Responsibility
Whereas most Oregonians don’t agree or support the socialist agenda in HR 763, it is presumptive to send congress a false message.

Limited Government
In January 2019, House Resolution 763, the Energy Innovation and Carbon Dividend Act (Act) was introduced. The Act imposes a fee on the carbon content of fuels, including crude oil, natural gas, coal, or any other product derived from those fuels that will be used so as to emit greenhouse gases into the atmosphere. The fee is imposed on the producers or importers of the fuels and is equal to the greenhouse gas content of the fuel multiplied by the carbon fee rate. The rate begins at $15 in 2019, increases by $10 each year, and is subject to further adjustments based on the progress in meeting specified emissions reduction targets. The Act also imposes a specified fee on fluorinated greenhouse gases. The fees must be deposited into a Carbon Dividend Trust Fund and used for administrative expenses and dividend payments to U.S. citizens or lawful residents. The Act would decommission fees once emission levels and monthly dividend payments fall below specified levels. SJM 5A would urge Congress to pursue viable solutions to the threat posed by climate change and to pass HR 763, the Energy Innovation and Carbon Dividend Act.