Bill · H.R. 3338· House(119-HR-3338)
MARKET CHOICE Act
- Introduced
- 5/13/2025
- Last activity
- 5/13/2025 — Referred to the Subcommittee on Highways and Transit.
- Sponsored by
- Brian Fitzpatrick
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "MARKET CHOICE Act," proposes to amend the Internal Revenue Code of 1986 to impose a tax on greenhouse gas emissions while eliminating certain existing fuel excise taxes. The revenue generated is intended to fund the "RISE Trust Fund" to support American infrastructure and environmental solutions. Key provisions include taxing fossil fuels, industrial processes, and certain manufactured products. The bill also establishes a National Climate Commission to set and review emissions reduction goals. Additionally, it provides mechanisms for border greenhouse gas adjustments and assistance for displaced energy workers.
Yes· 3 of 18
Does this cut the pollution that drives climate change?+8
The bill creates a significant carbon tax intended to drive substantial emissions reductions.
Does this repair or build roads and bridges?+7
The bill directs a significant portion of tax revenue toward the Highway Trust Fund for infrastructure maintenance.
Does this better protect air, water and wildlife?+6
Increased funding for flooding mitigation and carbon removal enhances environmental resilience.
The opposite· 3 of 5
Is this likely to lower the price at the pump?-5
The new tax on fossil fuel emissions will likely increase the cost of fuel for consumers.
Does this raise the taxes companies pay?-4
The bill imposes new taxes on industrial processes and specific manufactured products.
Does this reduce how much oil, gas and coal is produced?-3
The tax increases the cost of fossil fuels, which may discourage production but also places a burden on existing energy sectors.
Who it would affect, and how
Potential Positive Impacts for People
-
Infrastructure Investment: Revenue from the new taxes will be used to fund the Highway Trust Fund, the Airport and Airway Trust Fund, and various other infrastructure and environmental projects (Section 202).
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Flood Mitigation: The bill provides for grants to State and local governments for projects aimed at mitigating frequent and chronic flooding through both built and natural infrastructure (Section 302).
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Support for Low-Income Households: A portion of the funds is allocated for State grants to be distributed to eligible low-income households (Section 203).
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Assistance for Energy Workers: The bill establishes a program to assist workers in the energy sector through retraining, relocation expenses, early retirement, and health benefits (Section 321).
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Tax Refunds for Green Technology: Manufacturers can receive tax refunds if they can demonstrate that their products reduce or eliminate emissions over their lifetime, or if they sequester greenhouse gas emissions (Section 9901).
Potential Negative Impacts for People
-
New Taxes on Emissions: The bill imposes a tax on fossil fuels, certain industrial processes, and specific manufactured products, which is calculated based on the amount of carbon dioxide equivalent emitted (Sections 9901, 9902, and 9903).
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Increasing Tax Rates: The tax rate on fossil fuel emissions is set to increase annually after 2027 based on a formula involving previous rates and the Consumer Price Index (Section 9901).
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Penalties for Nonpayment: Individuals or entities that fail to comply with the new taxation requirements are liable for a penalty equal to three times the applicable tax amount (Section 9906).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Environment Energy And Infrastructure
- Reduces Carbon Emissions+8Improves Roads And Bridges+7Improves Environmental Protections+6Improves Disaster Relief And F E M A+5Increases Renewable Energy Investment+5Improves Public Transit+4Reduces Gas Prices-5Reduces Fossil Fuel Production-3
- Demographic And Interest Groups
- Good For Low Income Households+4Good For Union Workers+3Good For Urban Residents+3Good For Farmers+2Good For Business Owners-3Good For Middle Class Households-2
- Economy And Finance
- Improves Economic Growth+5Increases Job Creation+3Improves Union Protections+2Increases Corporate Taxes-4
- Education And Technology
- Increases Scientific Research Funding+4
- Governance And Ideology
- Increases Federal Power+4
- Social Issues And Justice
- Improves Poverty Reduction+4
- Healthcare
- Increases Research Funding+3
- National Security And Foreign Policy
- Improves International Trade+2
- 5/13/2025
- Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Workforce, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Referred to the Subcommittee on Highways and Transit.
- 1 Cosponsor added.
- Introduced in House
4 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Salud CarbajalDemocrat · California