Bill · S. 2712· Senate(119-S-2712)
America's Clean Future Fund Act
- Introduced
- 9/4/2025
- Last activity
- 9/4/2025 — Read twice and referred to the Committee on Finance. (text: CR S6321-6329)
- Sponsored by
- Richard Durbin
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The America's Clean Future Fund Act creates a carbon fee on covered fuels and noncovered fuel emissions to reduce greenhouse gas emissions. It establishes the Climate Change Finance Corporation (C2FC) to fund clean energy and resiliency projects. The bill creates a trust fund to manage these fees, which will provide quarterly stimulus rebates to eligible individuals. Additional funding is allocated for agricultural decarbonization payments and transition assistance for communities impacted by carbon-intensive industries. The act also implements border adjustments on imports and exports of carbon-intensive products.
Yes· 3 of 44
Does this cut the pollution that drives climate change?+10
Establishes a comprehensive carbon fee and sets explicit net reduction goals for 2030 and 2050.
Does this put more money into wind, solar and other renewable power?+9
Creates the C2FC to finance low- and zero-emissions energy technologies and infrastructure.
Would households on low incomes be better off under this?+8
Directly benefits from stimulus rebates and targeted weatherization and infrastructure assistance.
The opposite· 3 of 7
Is this likely to lower the price at the pump?-7
The carbon fee is likely to increase the cost of fossil fuels at the point of sale.
Does this reduce what the federal government spends?-4
Appropriates billions of dollars for the C2FC and transition grants.
Would people with substantial wealth be better off under this?-3
Lack of rebate access and increased costs for carbon-intensive investments.
Who it would affect, and how
Potential Positive Impacts for People
- Direct Financial Rebates: Eligible individuals can receive quarterly "America's Clean Future Fund Stimulus" payments from the trust fund (Section 5).
- Support for Vulnerable Communities: The C2FC prioritizes financing for communities disproportionately facing climate impacts, those overburdened by industrial pollution, and those relying on carbon-intensive industries (Section 2(a)(3)(B)).
- Job Creation and Worker Support: Grants provide for job creation, reemployment assistance, and registered apprenticeships, with priority for workers impacted by changes in carbon-intensive industries (Section 7(d)(1)(B)).
- Agricultural Assistance: Eligible producers can receive payments for adopting climate-smart practices that reduce greenhouse gas emissions (Section 6(c)(1)).
- Environmental Restoration: Funding is provided for cleaning up abandoned fossil fuel facilities, mine reclamation, and plugging abandoned oil and gas wells (Section 7(d)(3)).
- Infrastructure Improvements: The bill funds the construction of climate-resilient infrastructure, including weatherization assistance for low-income households (Section 2(a)(3)(A)(ii) and Section 2(e)(3)(A)(VII)(bb)).
Potential Negative Impacts for People
- New Fees on Energy: A carbon fee is imposed on the use, sale, or transfer of covered fuels, which may increase costs for entities using these fuels (Section 3, Sec. 4692(b)).
- Payment Phaseouts for Higher Earners: Individuals with a modified adjusted gross income exceeding $75,000 (single) or $150,000 (joint) will see their rebate payments reduced (Section 5(d)(2)).
- Import Costs: An equivalency fee is imposed on importers of carbon-intensive products and covered fuels, which could increase the cost of imported goods (Section 3, Sec. 4695(c)).
- Loan Guarantee Fees: Eligible borrowers may be charged guarantee fees of up to 3.5 percent depending on the loan amount (Section 2(e)(3)(B)(iv)(II)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+8Good For Native Americans+8Good For African Americans+7Good For Asian Americans+7Good For Farmers+7Good For Hispanic Americans+7Good For Rural Residents+6Good For Union Workers+6Good For Middle Class Households+5Good For Urban Residents+5Good For Veterans+5Good For Young Adults+5Good For Children+4Good For Retirees+4Good For Students+4Good For Business Owners+3Good For Middle Aged+3Good For Seniors+3Good For White Americans+3Good For Billionaires-3Good For High Net Worth Individuals-3Good For Ultra High Net Worth Individuals-3Good For High Income Households-2
- Environment Energy And Infrastructure
- Reduces Carbon Emissions+10Increases Renewable Energy Investment+9Improves Environmental Protections+8Reduces Fossil Fuel Production+8Improves Public Land Management+7Improves Rural Development+7Improves Disaster Relief And F E M A+6Improves Public Transit+6Improves Roads And Bridges+5Reduces Gas Prices-7
- Economy And Finance
- Increases Job Creation+7Increases Corporate Taxes+6Improves Union Protections+5Improves Economic Growth+4Reduces Middle Class Taxes+4Improves Small Business Support+3Increases Wealthy Taxes+2Reduces Government Spending-4Reduces Inflation-3
- Social Issues And Justice
- Improves Racial Equity+7Improves Poverty Reduction+6Improves Affordable Housing+3
- Governance And Ideology
- Increases Federal Power+5Improves Government Transparency+4
- Education And Technology
- Increases Scientific Research Funding+7
- National Security And Foreign Policy
- Improves International Trade+4Improves Veterans Benefits+3
- Healthcare
- Increases Research Funding+5
- 9/4/2025
- Read twice and referred to the Committee on Finance. (text: CR S6321-6329)
- Introduced in Senate