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Virginia : 2025 Regular Session : BILL  HB2233

Extreme Weather Relief Act; established.

Sponsor: Rep Rae Cousins & Rep Bonita Anthony & Rep Nadarius Clark & Rep Joshua Cole & Rep Kelly Convirs-Fowler & Rep Michael Feggans & Rep Rozia Henson & Rep Patrick Hope & Rep Michael Jones & Rep Marty Martinez & Rep Irene Shin

Bill Details

Extreme Weather Relief Act established. Establishes the Extreme Weather Relief Program, administered by the Department of Conservation and Recreation, for the purpose of holding parties responsible for covered greenhouse gas emissions between the covered period of January 1, 1995, and December 31, 2024, for the parties' share of the Commonwealth's costs due to climate change. The bill defines responsible parties as fossil fuel extractors or crude oil refiners causing emissions of one billion metric tons or more of covered greenhouse gases during the covered period. Under the bill, responsible parties are strictly liable for cost recovery payments to the Commonwealth. The bill requires the State Treasurer to conduct an assessment of the costs to the Commonwealth and its residents of the emissions of covered greenhouse gases during the covered period. The bill establishes the Extreme Weather Relief Fund into which the cost recovery payments from responsible entities are deposited and used to pay for extreme weather relief projects, as defined in the bill.

Bill summary (AI generated)

No summary available

History

No history available
  • Tue 07 Jan 2025 Prefiled and ordered printed; Offered 01-08-2025 25104642D
  • Tue 07 Jan 2025 Referred to Committee on Labor and Commerce
  • Tue 28 Jan 2025 Fiscal Impact Statement from Department of Planning and Budget (HB2233)
  • Wed 29 Jan 2025 Assigned L & C sub: Subcommittee #4
  • Thu 30 Jan 2025 Subcommittee recommends laying on the table (5-Y 0-N)
  • Wed 05 Feb 2025 Left in Labor and Commerce

Bill text (PDF)

1905500