Methane Border Adjustment Mechanism Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 480 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 480 To amend the Internal Revenue Code of 1986 to establish a methane border adjustment mechanism. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 16, 2025 Ms. Brownley introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to establish a methane border adjustment mechanism. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Methane Border Adjustment Mechanism Act''. SEC. 2. FINDINGS. Congress finds the following: (1) Methane is a powerful greenhouse gas, with about 80 times the warming power of carbon dioxide on a 20-year time horizon. (2) Rigorous estimates suggest that at least 25 percent of the rise in global temperatures since the industrial revolution is due to methane emissions. (3) Public…