Bill · H.R. 480· House(119-HR-480)
Methane Border Adjustment Mechanism Act
- Introduced
- 1/16/2025
- Last activity
- 1/16/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Julia Brownley
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Methane Border Adjustment Mechanism Act seeks to amend the Internal Revenue Code of 1986. It establishes a tax on importers of methane adjustment substances, specifically petroleum and natural gas. This tax is calculated based on the methane emissions charges of the country where the substance was produced. The bill aims to conserve exhaustible natural resources and prevent emissions. It also encourages international cooperation and the creation of an international body to track emissions data. These provisions are intended to take effect for sales and uses after December 31, 2025.
Yes· 3 of 12
Does this cut the pollution that drives climate change?+7
The bill targets the reduction of methane emissions through a border adjustment tax.
Does this better protect air, water and wildlife?+6
The act aims to conserve natural resources by preventing methane emissions.
Does this raise the taxes companies pay?+5
The bill imposes a new tax on importers of petroleum and natural gas substances.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Health and Environmental Protection: The bill finds that methane is a threat to human, animal, and plant life and health because it contributes to ground level ozone and particulate pollution, which cause cardiovascular and lung-related diseases (Section 2).
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Resource Conservation: The intended purpose of the mechanism is to conserve exhaustible natural resources by preventing emissions (Section 2).
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Market Strength for Domestic Goods: By working with major oil and gas importers, the government can help strengthen the market for exports of clean United States gas (Section 2).
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Global Emission Reduction: The mechanism is intended to encourage other oil and gas producing countries to reduce their methane emissions (Section 2).
Potential Negative Impacts for People
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New Taxes on Importers: The bill imposes a tax on any methane adjustment substance sold or used by the importer thereof (Section 3(a)).
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Potential Economic and Employment Costs: The Secretary is required to analyze the economic, employment, and environmental costs in the United States regarding the expansion of the mechanism to include additional substances (Section 3(c)(2)(C)).
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+7Improves Environmental Protections+6
- Economy And Finance
- Increases Corporate Taxes+5Increases Job Creation+2Improves Economic Growth+1
- National Security And Foreign Policy
- Improves International Alliances+4Improves International Trade+3
- Demographic And Interest Groups
- Good For Low Income Households+2Good For Urban Residents+2
- Governance And Ideology
- Improves Government Transparency+3
- Healthcare
- Improves Healthcare Access+2
- Social Issues And Justice
- Improves Poverty Reduction+1
- 1/16/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House