U.S. Representative Marie Newman Introduces First Bill, America’s Clean Future Fund Act
Bill is designed to spur jobs creation across the nation by investing in a green economy and renewing America’s leadership in technology and innovation
WASHINGTON, D.C. – Today, U.S. Representative Marie Newman (D-IL) marked her first 100 days in Congress by introducing her first bill as a Member of Congress, America’s Clean Future Fund Act. This monumental bill is designed not only to address the climate crisis in the country but create new good-paying jobs across the nation by investing in clean energy projects and a green, zero-carbon emissions economy.
“Each and every day, we continue to see the effect of climate change on our communities – massive wildfires out west, strengthening hurricanes in the Atlantic, widespread inland flooding, and soaring record temperatures across the country. If we want to ensure our children and grandchildren inherit a habitable planet, we need to start investing in our future,” said Congresswoman Newman. “Through America’s Clean Future Fund Act, we can invest in clean energy projects and green technologies that will truly lift up local labor, create new good-paying jobs and build a more efficient and sustainable future where no American gets left behind.”
Sponsored by Illinois U.S. Senator Dick Durbin in the Senate, the bill serves as one comprehensive plan to achieving critical reductions in greenhouse gas emissions while providing workers in declining energy sectors with a fair transition into new good-paying jobs. By investing in clean energy and embracing economy-wide carbon pricing, the plan will renew America’s leadership in technology and innovation while also building a sustainable future for all communities.
As part of America’s Clean Future Fund Act, this comprehensive plan will:
- Invest in Clean Energy Projects: Establishes an independent federal agency to provide grants and loan guarantees to support clean energy projects, climate mitigation, and job creation.
- Support Impacted Communities and Job Transitions: Provides grants to communities that historically rely on carbon-intensive industries to support their transition to becoming frontline and environmental justice communities.
- Provide Rebates and Refunds for Carbon Capture: Helps the agricultural sector improve carbon-reduction practices, provides payments and refunds to low- and middle-income individuals that capture, store, and/or utilize carbon, as well as to farmers that adopt verifiable carbon sequestration or reduction practices.
- Institute a Carbon Fee 2023: Establishes an onset fee on carbon starting in 2023 to meet the goals set forth in the 2018 Intergovernmental Panel on Climate Change Report