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- H.R.4058
H.R.4058: SWAP Act
About This Bill
- Introduced July 25, 2019
- Latest Major Action July 26, 2019
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - July 25, 2019
Bill Summary
Stemming Warming and Augmenting Pay Act of 2019 or the SWAP Act. This bill imposes a tax on combusted fossil fuel greenhouse gas emissions. The tax is equal to $30 per metric ton of carbon dioxide equivalent emissions beginning in 2021. The tax increases by 5% plus inflation each year and increases by $3 per ton every two years if the previous year's emission goals are not met. The revenue from such tax is divided (1) 70% for the reduction...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 26, 2019 |
Referred to the Subcommittee on Consumer Protection and Commerce.
|
| July 25, 2019 |
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Science, Space, and Technology, 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.
|
| July 25, 2019 |
Introduced in the House by Francis Rooney (R-Fla.) |