What does CLIMATE POLLUTION REDUCTION CERTAINTY. of Climate Pollution Standard and Community Investment Act of 2025 do?

This section amends the Clean Air Act by adding a new Title VII, the 'Climate Pollution Reduction Program'. The program defines terms such as 'attributable greenhouse gas emissions,' 'carbon dioxide equivalent,' and 'compliance period'. It establishes 'covered entities' including electricity sources, fuel producers/importers, and entities in specific industrial sectors. The Clean Air Act's enforcement, inspections, administrative proceedings, and judicial review sections are amended to include references to Title VII. Section 548(b) of the Energy Independence and Security Act of 2007 is also amended to include a reference to section 722(e) of the Clean Air Act.

What does CLEAN ENERGY REBATE PROGRAM. of Climate Pollution Standard and Community Investment Act of 2025 do?

This section establishes the Clean Energy Rebate Program to provide rebates to eligible households. The Secretary of the Treasury, in consultation with other agencies, will administer the program using funds from the Clean Air Act. Rebate amounts will be determined by the Secretary based on available funding and the number of individuals in the eligible household. Rebates can be delivered through direct deposit, state electronic benefit transfer systems, or other approved mechanisms. States may administer the program with Secretary approval, establishing procedures to best serve eligible households, including those with special needs. States cannot impose additional eligibility conditions beyond those specified in the section. The Secretary is responsible for outreach to ensure eligible households are aware of the program. Rebate amounts are not considered taxable income. Regulations or guidance must be issued by the Secretary within 24 months of enactment. An eligible household must have a gross income not exceeding 200 percent of the poverty line and participate in certain assistance programs or receive supplemental security income.

What does WORKER AND COMMUNITY ASSISTANCE FUND. of Climate Pollution Standard and Community Investment Act of 2025 do?

This section establishes the Worker and Community Assistance Fund within the U.S. Treasury. The fund will consist of amounts deposited under sections 722(g) and 752 of the Clean Air Act, and additional appropriations. Funds are available to the Secretary of Labor and the Director of the Office of Energy and Economic Transition without further appropriation and without fiscal year limitation. Up to 5 percent of the fund's balance on October 1 of each fiscal year can be used for administrative expenses related to Title II of the Act.

What does CLEANER AIR COMMUNITY FUND. of Climate Pollution Standard and Community Investment Act of 2025 do?

A fund named Cleaner Air Community Fund is established in the Treasury of the United States. The fund consists of deposited amounts from sections 722(h) and 752 of the Clean Air Act and additional appropriated sums. Amounts in the fund are available to the EPA Administrator without subsequent appropriation.

What does NEGATIVE EMISSIONS ACTIVITIES FUND. of Climate Pollution Standard and Community Investment Act of 2025 do?

This section establishes the Negative Emissions Activities Fund within the U.S. Treasury. The fund will consist of deposits from sections 722(i) and 752 of the Clean Air Act, as well as any additional appropriations. Funds deposited in the Negative Emissions Activities Fund are available to the Administrator of the Environmental Protection Agency without further appropriation and without fiscal year limitation. The Administrator of the Environmental Protection Agency can use up to 5 percent of the fund's balance on October 1 of each fiscal year to cover administrative expenses related to part D of title VII of the Clean Air Act.

What does ENERGY INNOVATION FUND. of Climate Pollution Standard and Community Investment Act of 2025 do?

The Energy Innovation Fund is established within the U.S. Treasury. The fund will consist of deposits under sections 722(j) and 752 of the Clean Air Act, and additional appropriations. Beginning in fiscal year 2027, the Secretary of Energy can access funds without further appropriation, and these funds will remain available until expended. Up to 5% of the fund's balance can be used annually for administrative expenses. The Secretary of Energy will provide competitive assistance to various entities for clean energy research, development, and demonstration. This assistance aims to support the goal established by section 702 of the Clean Air Act. Funds are intended to supplement, not supplant, existing federal resources. The Secretary of Energy must submit annual reports to Congress and the public detailing the fund's activities.

What does EMISSION ALLOWANCE MARKET OVERSIGHT. of Climate Pollution Standard and Community Investment Act of 2025 do?

This section defines "emission allowance" as any allowance established or issued under title VII of the Clean Air Act, or any derivative of such allowance. It requires the President to establish an interagency working group within one year of enactment to oversee emission allowance transactions. The working group must include representatives from the Environmental Protection Agency, the Federal Energy Regulatory Commission, and the Commodity Futures Trading Commission, among others. The working group is tasked with making periodic recommendations to Congress and Federal agencies to improve market oversight, prevent fraud and manipulation, limit price fluctuations, and ensure transparency. The working group must submit a report to the President and Congress every two years, detailing recommendations for regulatory actions and statutory changes to enhance oversight of emission allowance transactions.

What does DIRECT HIRE AUTHORITY FOR IMPLEMENTATION OF THIS TITLE. of Climate Pollution Standard and Community Investment Act of 2025 do?

This section establishes a direct hire authority for the Administrator of the Environmental Protection Agency. The authority allows the Administrator to recruit and directly appoint highly qualified individuals into the competitive service. This authority is triggered when the Administrator determines a severe shortage of candidates or a critical hiring need exists for positions related to the implementation of this title, including amendments made by this title.