To advance bipartisan, common sense solutions.

H.R. 5827 would establish a federal framework for pricing greenhouse gas emissions and implementing border tax adjustments on imported goods. The bill, referred to multiple House committees including Ways and Means, would create tax provisions related to emissions from production facilities and establish mechanisms to adjust tariffs on imports based on their carbon content. The border adjustment provisions would apply to goods from countries without comparable greenhouse gas reduction programs, with potential exemptions for least-developed nations and trading partners that reciprocate. If enacted, the bill could affect prices of energy-intensive imported goods like steel, aluminum, and cement, potentially making them more expensive for consumers and businesses. Revenue generated from these adjustments would support climate-related research, development, and grants for communities vulnerable to climate change. The bill represents an effort to address concerns that domestic climate policies could disadvantage American manufacturers competing against imports from countries with less stringent environmental standards.