Summary of HR 3338 - MARKET CHOICE Act

Overview

The MARKET CHOICE Act, formally titled the Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act, was introduced in the House of Representatives on May 13, 2025. The primary aim of this legislation is to address greenhouse gas emissions while simultaneously investing in infrastructure and supporting displaced workers in the energy sector.

Key Provisions

Title I: Greenhouse Gas Emissions

• Sec. 101: Establishes a framework for the treatment of domestic greenhouse gas emissions.
• Sec. 102: Introduces border adjustments related to greenhouse gas emissions, potentially affecting imports and exports based on their environmental impact.

Title II: Distribution of Revenues from Taxation of Greenhouse Gas Emissions

• Subtitle A: RISE Trust Fund

  • Sec. 201: Establishes the Rebuilding Infrastructure and Solutions for the Environment (RISE) Trust Fund to manage revenues generated from greenhouse gas emissions taxation.
  • Sec. 202: Details appropriations from the RISE Trust Fund for infrastructure projects.
  • Sec. 203: Allocates grants to states for infrastructure improvements and environmental solutions.

• Subtitle B: Certain Manufacturers Excise Taxes

  • Sec. 211: Proposes the repeal of federal motor vehicle and aviation fuel taxes.
  • Sec. 212: Modifies the qualifying advanced coal project credit to encourage cleaner energy production.

Title III: Amendments to Other Laws

• Subtitle A: Amendments to Federal Environmental Statutes

  • Sec. 301: Amends the Clean Air Act to enhance environmental protections.
  • Sec. 302: Focuses on infrastructure projects aimed at mitigating frequent and chronic flooding.
  • Sec. 303: Ensures that state laws are not preempted by federal regulations.

• Subtitle B: Assistance to Displaced Workers in the Energy Sector

  • Sec. 321: Provides assistance programs for workers displaced by the transition to cleaner energy sources.

Title IV: National Climate Commission

• Sec. 401: Establishes a National Climate Commission to oversee climate-related initiatives.
• Sec. 402-405: Outlines the duties, powers, funding, and staffing of the Commission to ensure effective implementation of climate policies.

Impact

The MARKET CHOICE Act is designed to:
- Reduce greenhouse gas emissions through a structured taxation system.
- Fund infrastructure projects that promote environmental sustainability.
- Provide financial support and retraining for workers affected by the shift from traditional energy sectors to greener alternatives.

Legislative Process

• The bill was referred to multiple committees, including:
  • Subcommittee on Highways and Transit
  • Committee on Ways and Means
  • Committees on Energy and Commerce, Natural Resources, Education and Workforce, Transportation and Infrastructure, Science, Space, and Technology, and Agriculture.

This multi-committee referral indicates the bill's broad implications across various sectors of the economy and environment.

Sponsors

• Primary Sponsor: Brian K. Fitzpatrick
• Cosponsor: Salud O. Carbajal

Related Legislation

• HR 3001: A companion bill that may address similar issues or provide additional context to the MARKET CHOICE Act.

This summary provides a comprehensive overview of HR 3338, highlighting its intent, key provisions, and potential impacts on the environment and economy.