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America's Clean Future Fund Act

10/3/2024, 4:50 PM

Summary of Bill S 5107

Bill 118 s 5107, also known as the America's Clean Future Fund Act, is a piece of legislation introduced in the US Congress with the goal of addressing climate change and promoting clean energy initiatives. The bill aims to establish a fund that will support research, development, and deployment of clean energy technologies in order to reduce greenhouse gas emissions and transition to a more sustainable energy future.

The America's Clean Future Fund Act proposes to allocate $500 billion over a ten-year period to support various clean energy projects and initiatives. This funding will be used to invest in renewable energy sources such as solar, wind, and hydroelectric power, as well as energy efficiency measures and carbon capture technologies. The bill also includes provisions for workforce training and job creation in the clean energy sector, with a focus on supporting communities that have been historically reliant on fossil fuel industries.

In addition to funding clean energy projects, the America's Clean Future Fund Act includes measures to promote energy conservation and efficiency, such as updating building codes and incentivizing the adoption of electric vehicles. The bill also aims to reduce emissions from the transportation sector by investing in public transportation infrastructure and promoting the use of alternative fuels. Overall, the America's Clean Future Fund Act represents a comprehensive approach to addressing climate change and promoting clean energy solutions in the United States. By investing in research and development, supporting job creation in the clean energy sector, and implementing measures to reduce greenhouse gas emissions, this legislation seeks to pave the way for a more sustainable and environmentally friendly future.

Current Status of Bill S 5107

Bill S 5107 is currently in the status of Bill Introduced since September 19, 2024. Bill S 5107 was introduced during Congress 118 and was introduced to the Senate on September 19, 2024.  Bill S 5107's most recent activity was Read twice and referred to the Committee on Finance. (text: CR S6212-6220) as of September 19, 2024

Bipartisan Support of Bill S 5107

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

Policy Area and Potential Impact of Bill S 5107

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 5107

America's Clean Future Fund Act
America's Clean Future Fund Act
A bill to amend the Internal Revenue Code of 1986 to establish a carbon fee to reduce greenhouse gas emissions, and for other purposes.

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