• a comprehensive monitoring program for new and existing well sites and compressor stations;
• a compliance option that allows owners and operators the flexibility to use advanced technology that can find major leaks more rapidly and at lower cost than ever before;  
• a zero-emissions standard for new and existing pneumatic controllers (with a limited alternative standard for sites in Alaska), certain types of which account for approximately 30 percent of current methane emissions from the oil and natural gas sector;
• standards to eliminate venting of associated gas, and require capture and sale of gas where a sales line is available, at new and existing oil wells;
• proposed performance standards and presumptive standards for other new and existing sources, including storage tanks, pneumatic pumps, and compressors; and
• a requirement that states meaningfully engage with overburdened and underserved communities, among other stakeholders, in developing state plans.

• Climate Pollution Reduction Grants: Includes $5 billion to EPA to establish a climate pollution reduction grant program for states, municipalities, and Tribes to implement greenhouse gas pollution reduction plans.
• Greenhouse Gas Reduction Fund: $29 billion to nonprofit, state and local climate finance institutions that support the rapid deployment of low- and zero-emission technologies – with at least 40 percent of investments to be made in low-income and disadvantaged communities.
• Reducing Air Pollution at Ports: $3.5 billion for the purchase and installation of zero-emission equipment and technology at ports and for the development of climate action plans. 
• Reducing Methane Pollution: Provides over $700 million to immediately reduce methane pollution from petroleum and natural gas systems, and holds companies accountable for wasted methane pollution above industry targets.

• Protecting Public Lands: $2.5 billion for the conservation, protection, restoration and resiliency of public lands administered by the National Park Service and Bureau of Land Management.
• New Fees and Royalties on the Extraction of Public Resources: Raises billions of dollars in fossil fuel industry fees by increasing outdated royalty rates and extending royalties to methane pollution, ending noncompetitive leasing, charging annual fees for the extraction of public resources, strengthening bonding standards for oil and gas leaseholders, charging fees on offshore pipelines and idled oil and gas wells, eliminating royalty relief, and requiring companies pay for annual inspection costs.
• Repeals Drilling in ANWR: Repeals the Arctic National Wildlife Refuge Oil and Gas Program which was passed as part of the House Republicans’ 2017 Tax Act and cancels the leases sold in January 2021 at the end of the Trump Administration.

• Promoting Emerging and Sustainable Technologies: Provides $975 million to GSA for emerging and sustainable technologies, allowing the federal government to benefit from cutting-edge solutions to reduce pollution and cut costs. 

• Providing Funding for GSA to Promote Green Materials: The bill provides $3.25 billion for the purchase of goods, services, and systems to improve energy efficiency, promote the purchase of lower-carbon materials, and reduce the carbon footprint.

• Invests over $320 billion in renewable energy and energy efficiency tax incentives in order to meet President Biden’s goal of reducing US carbon emissions by 50% below 2005 levels by 2030.
• Ensures green energy incentives in the tax code will create good, well-paying jobs in the emerging green economy.

• Extension and Modification of Credit for Electricity Produced from Certain Renewable Resources:   Builds on current successful tax incentives that promote the deployment of green energy technologies, while providing new incentives for activities that reduce greenhouse gas emissions. 
• Extends and expands the existing suite of renewable energy tax provisions to provide five years of incentives for transmission, energy storage, geothermal, microgrid controllers under the current Investment Tax Credit (ITC) and Production Tax Credit (PTC) framework.
• Allows a 100% PTC for wind energy property and allows solar energy property the option of taking the PTC.
• In 2027, transitions many of the current green energy tax incentives to a “technology neutral” ITC and PTC.
• Expands the investor base for these technologies by allowing an election for a direct payment of green energy tax incentives.
• Provides an enhanced benefit for projects targeting low-and moderate-income communities, tribal communities, and energy communities.
• Attaches strong labor and domestic content standards to key tax incentives to ensure good-paying jobs.
• Extends and expands the 45Q credit for carbon oxide sequestration.

• Extends tax incentives promoting the production and expansion of renewable fuels and creates new incentives for sustainable aviation fuel. In 2027, this package transitions many of the current fuel tax incentives to a “technology neutral” ITC and PTC. 
• Creates a new credit to jumpstart the development of clean hydrogen.

• Provides additional tax incentives for renewable energy and efficiency projects that engage in high-road labor practices to ensure that the emerging green economy provides good, sustainable, high-paying jobs for workers
• Revives the advanced energy project credit for facilities engaging in green energy and energy efficiency technology manufacturing.
• Creates new tax credits for domestic manufacturing of semiconductor and solar and wind components.
• Provides a credit for the labor costs of installing mechanical insulation property.

• The Build Back Better Act responsibly pays for our priorities while ensuring that taxpayers making less than $400,000 a year won’t see their taxes go up by one penny.
• The comprehensive set of revenue provisions in the bill listed below will ensure that the bill is fully paid for.

• Establishes a new “alternative minimum tax” of 15 percent on all U.S. corporations earning more than $1 billion a year in profits. The minimum tax would be assessed on “book” income reported to shareholders, rather than profits reported to IRS. 

• Ensures that U.S. companies pay a minimum tax of 15 percent on profits they earn overseas, as part of our international agreement to end the “race to the bottom” in business taxation, and prevents base erosion by foreign-parented companies in low-tax jurisdictions.

• Provides a new surtax on the income of multi-millionaires and billionaires – the wealthiest 0.02 percent of Americans. The surtax would apply a 5 percent rate above income of $10 million, and an additional 3 percent surtax on income above $25 million. 
• Reforms and makes permanent rules that allow high income taxpayers to offset investment income with unrelated losses

• Provides for closing the tax gap – the difference between what is owed to the IRS in taxes and what is actually collected each year – with $80 billion in investments in the IRS to hire new agents and modernize IRS technology, improving taxpayer experience and ensuring everyone pays their share.

• Closes the loopholes that allow some wealthy taxpayers to avoid paying the 3.8% Medicare tax on non-employment income.

• Provides a 1 percent surcharge on corporate stock buybacks, which corporate executives too often use to enrich themselves rather than investing in workers and growing their businesses.

• Repealing the Trump rebate rule saves taxpayers, as well as seniors, money. Among its negative effects, the Trump rebate rule had the effect of increasing the monthly Medicare premium that seniors have to pay.