HR 4534
FAIR Transition and Competition Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The FAIR Transition and Competition Act aims to address climate change by imposing a border carbon adjustment on imported goods. This means a fee would be applied to goods from countries without similar carbon pricing policies, effectively leveling the playing field for domestic industries. The bill also establishes a system for determining the environmental cost of producing goods and fuels within the United States and provides for grants to help communities and workers transition away from fossil fuel industries. It seeks to incentivize global emissions reductions and support economic diversification in affected areas.
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