S. 4340, Fossil Fuel Litigation Immunity. Quorum's AI analysis reads it as a net cost — and names who bears it.
S. 4340 · Net cost
What it does
This bill prohibits states and individuals from suing fossil fuel companies for climate-related damages, arguing that climate regulation belongs exclusively to the federal government. It voids existing state climate liability laws and 'climate superfund' statutes, dismisses pending climate lawsuits, and bars future private climate litigation in state or federal courts.
The analysis names fossil fuel extraction and production companies — and 4 more groups — among the beneficiaries.
The cost
Dismisses all pending climate litigation immediately upon enactment, potentially eliminating billions in damages claims already in court without judicial review of individual merits.
The analysis put a high warning level on this bill. Transparency scores 75%, and the analysis found no provisions unrelated to the bill's subject.
Who is behind it
Filed by Ted Cruz. Cosponsored by Mike Lee, Ted Budd and Tom Cotton.