Energy Innovation and Carbon Dividend Act of 2018

Energy Innovation and Carbon Dividend Act of 2018
Long title	To create a Carbon Dividend Trust Fund for the American people in order to encourage market-driven innovation of clean energy technologies and market efficiencies which will reduce harmful pollution and leave a healthier, more stable, and more prosperous nation for future generations.
Enacted by	the 115th United States Congress
Citations
Public law	H.R.7173 - Energy Innovation and Carbon Dividend Act of 2018
Legislative history
	Introduced in the House as H.R. 7173 by Ted Deutch on November 27, 2018;

The Energy Innovation and Carbon Dividend Act of 2018 was a proposed 2018 bill in the United States House of Representatives that intended to "create a Carbon Dividend Trust Fund for the American people in order to encourage market-driven innovation of clean energy technologies and market efficiencies which will reduce harmful pollution and leave a healthier, more stable, and more prosperous nation for future generations." The bill was originally introduced by Representative Ted Deutch (D-FL) on November 27, 2018, with bipartisan support from 4 co-sponsors.^[1] A companion bill was introduced into the Senate by Chris Coons (D-DE) and Jeff Flake (R-AZ) on December 19, 2018.^[2]

The bill died when the 115th Congress ended on January 3, 2019. The bill was reintroduced in the 116th Congress as the Energy Innovation and Carbon Dividend Act of 2019.

Description of the bill[]

The bill would:

Introduce a rising upstream fee on the carbon content of fuels.
Rebate fee revenues with an equal share to adults with a Social Security number or Taxpayer Identification Number, and a half-share for all minors younger than 19 per household
Introduce a border carbon adjustment
Adjust some regulations which would be duplicative, keep others including CAFE vehicle standards