Representative Carlos Curbelo (R-FL-26) introduced the first Republican carbon pricing bill in nearly a decade on July 23. The proposal, called the MARKET CHOICE Act (H.R. 6463), seeks to reduce greenhouse gas emissions by imposing a federal tax on carbon, and to use the revenue to fund infrastructure modernization. It would also impose a rolling, performance-based moratorium on federal regulation of greenhouse gas emissions from sources covered by the carbon tax, and eliminate the excise taxes on gasoline and diesel fuels.
Environmental Protection Agency (EPA) Administrator Scott Pruitt announced that the agency would revise fuel economy standards for cars and trucks for model years 2022 through 2025, citing recent data that suggest the current standards are not appropriate. The current standards, requiring automakers to engineer their fleets so gas mileage would average 54.5 miles per gallon by 2025, were established by President Barack Obama’s administration in 2012.
The Senate Environment and Public Works Committee held a hearing to discuss the bipartisan Utilizing Significant Emissions with Innovative Technologies Act, or the USE IT Act (S.2602). Introduced by Committee Chairman John Barrasso (R-WY), the USE IT Act supports research and development of carbon capture utilization and storage (CCUS) technologies and facilitates a new permitting process for CCUS projects and carbon dioxide pipelines.