S. 2712: America's Clean Future Fund Act
The America's Clean Future Fund Act is a proposed legislation aimed at improving the United States' approach to climate change and clean energy. The key components of the bill include the establishment of a new entity called the Climate Change Finance Corporation, which will focus on financing initiatives that support clean energy and aim to significantly reduce greenhouse gas emissions.
Goals of the Act
The bill sets ambitious goals for emission reductions:- A 45% reduction in greenhouse gas emissions by the year 2030.
- Achieving 100% reduction by the year 2050.
Post-2050 Emission Standards
After 2050, the carbon emissions limit will be fixed to an allowable percentage of 10%. The regulation will include provisions for annual reports on cumulative emissions, starting from September 30, 2027. The determination of whether emissions targets are being exceeded will begin by September 30, 2029. Additionally, detailed emissions accounting rules are to be established by January 1, 2027.Funding and Grants
The bill also includes provisions for grants directed towards eligible entities that are transitioning to a low-emission economy. This includes:- Funding intended to support the transition and implementation of low-emission initiatives.
- Requirements for labor standards to ensure fair labor practices are adhered to.
- Encouragement for collaboration among stakeholders to achieve effective outcomes.
- Mandated reporting on the effectiveness of the programs supported by these grants.
Relevant Companies
- NEE - NextEra Energy: Likely to be impacted due to its focus on clean energy production and investments affected by new regulations and funding opportunities.
- DUK - Duke Energy: Will be influenced by carbon fee implementations and changes in operational standards aimed at reducing emissions.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
1 sponsor
Actions
2 actions
| Date | Action |
|---|---|
| Sep. 04, 2025 | Introduced in Senate |
| Sep. 04, 2025 | Read twice and referred to the Committee on Finance. (text: CR S6321-6329) |
Corporate Lobbying
0 companies lobbying
None found.
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