US SB2712

Imposes a carbon fee on fossil fuels starting at $75 per metric ton of CO2-equivalent in 2027, increasing by $10 annually plus inflation adjustments, with higher escalation rates if emissions targets are missed

Establishes the Climate Change Finance Corporation (C2FC), an independent federal agency with $7.5 billion annual initial funding to finance clean energy deployment, climate-resilient infrastructure, and industrial decarbonization, with at least 40% of grants directed to environmental justice communities

Creates quarterly "America's Clean Future Fund Stimulus" rebate payments to all U.S. adults from carbon fee revenues, with initial $37.5 billion appropriations for fiscal years 2026-2027, phasing out for households earning above $150,000 (joint filers)

Sets greenhouse gas emissions reduction targets of 45% below 2018 levels by 2030 and 100% reduction by 2050, with border adjustment fees on imported carbon-intensive products and refunds for exported goods to maintain competitiveness

Provides transition assistance including $5 billion annually for impacted communities and workers in carbon-intensive industries, agricultural decarbonization payments for farmers adopting climate-smart practices, and refunds for carbon capture and sequestration