Ensuring Voluntary Actions are Compensated Act of 2023

Hozzl · 2023-12-15T16:00:14Z

Explore the details of House Bill 4517 Ensuring Voluntary Actions are Compensated Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on International Affairs. Stay informed on legislative developments.

12/15/2023, 4:00 PM

Summary of Bill HR 4517

Bill 118 HR 4517, also known as the Ensuring Voluntary Actions are Compensated Act of 2023, aims to provide compensation for individuals or entities who voluntarily take actions to reduce greenhouse gas emissions. The bill recognizes the importance of incentivizing and rewarding efforts to combat climate change, and seeks to encourage more voluntary actions in this area.

Under the provisions of the bill, individuals or entities who can demonstrate that they have taken verifiable actions to reduce greenhouse gas emissions, such as investing in renewable energy sources or implementing energy efficiency measures, may be eligible for compensation. The bill establishes a process for determining the value of these actions and providing financial compensation accordingly.

The bill also includes measures to ensure transparency and accountability in the compensation process, including requirements for reporting and verification of emissions reductions. Additionally, the bill sets aside funding to support the implementation of the compensation program and to cover administrative costs. Overall, the Ensuring Voluntary Actions are Compensated Act of 2023 represents a significant step towards incentivizing and rewarding efforts to address climate change through voluntary actions. By providing compensation for these actions, the bill aims to encourage more individuals and entities to take meaningful steps towards reducing greenhouse gas emissions and combating climate change.

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Current Status of Bill HR 4517

Bill HR 4517 is currently in the status of Bill Introduced since July 10, 2023. Bill HR 4517 was introduced during Congress 118 and was introduced to the House on July 10, 2023. Bill HR 4517's most recent activity was Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 0. as of July 26, 2023

Bipartisan Support of Bill HR 4517

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Policy Area and Potential Impact of Bill HR 4517

Primary Policy Focus

International Affairs

Alternate Title(s) of Bill HR 4517

Ensuring Voluntary Actions are Compensated Act of 2023Ensuring Voluntary Actions are Compensated Act of 2023To require the Secretary of State to submit a plan for the reimbursement of personal funds expended to evacuate American citizens, American lawful permanent residents, and Afghan allies from Afghanistan, and for other purposes.

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