Market-Based Greenhouse Gas Emission Reduction Legislation: 108th Through 116th Congresses [Updated August 28, 2019] [open pdf - 1MB]
From the Document: "Congressional interest in market-based greenhouse gas (GHG) emission control legislation has fluctuated over the past 15 years. During that time, legislation has often involved market-based approaches, such as a cap-and-trade system or a carbon tax or emissions fee program. [...] A primary policy concern with either approach is the economic impacts that may result. Expected energy price increases could have both economy-wide impacts (e.g., on the U.S. gross domestic product) and disproportionate effects on specific industries and particular demographic groups. The degree of these potential effects would depend on a number of factors, including the magnitude, design, and scope of the program and the use of tax or fee revenues or emission allowance values."
CRS Report for Congress, R45472
Congressional Research Service: https://crsreports.congress.gov/