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This bill amends the Clean Air Act to establish a federal climate pollution reduction program requiring covered entities—including electricity generators, fuel producers, industrial facilities, and natural gas distributors—to reduce greenhouse gas emissions annually through an emission allowance system. The bill creates multiple funding mechanisms including a Clean Energy Rebate Program, Worker and Community Assistance Fund, and Cleaner Air Community Fund to support the transition, and establishes an Office of Energy and Economic Transition to assist workers and communities affected by the shift away from fossil fuels.
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