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Foreign Pollution Fee Act of 2023

12/15/2023, 4:09 PM

Summary of Bill S 3198

Bill 118 s 3198, also known as the Foreign Pollution Fee Act of 2023, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to address the issue of foreign pollution that impacts the environment and public health in the United States.

The bill proposes the implementation of a fee on imported goods from countries that do not meet certain environmental standards. This fee would be used to fund environmental protection and clean-up efforts within the United States. The goal of this fee is to incentivize other countries to improve their environmental practices and reduce pollution that affects the US.

Additionally, the bill includes provisions for monitoring and reporting on the environmental impact of imported goods, as well as penalties for countries that do not comply with the new regulations. The bill also aims to promote international cooperation on environmental issues and encourage other countries to adopt similar measures to reduce pollution. Overall, the Foreign Pollution Fee Act of 2023 seeks to address the issue of foreign pollution and its impact on the United States by implementing a fee on imported goods and promoting environmental protection efforts both domestically and internationally.

Current Status of Bill S 3198

Bill S 3198 is currently in the status of Bill Introduced since November 2, 2023. Bill S 3198 was introduced during Congress 118 and was introduced to the Senate on November 2, 2023.  Bill S 3198's most recent activity was Read twice and referred to the Committee on Finance. as of November 2, 2023

Bipartisan Support of Bill S 3198

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3198

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 3198

Foreign Pollution Fee Act of 2023
Foreign Pollution Fee Act of 2023
A bill to amend the Internal Revenue Code of 1986 to impose a fee on certain products imported into the United States based on the pollution intensity associated with the production of such products, and for other purposes.

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