Fund (a) In general Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following: 9512. Climate Action Rebate Fund (a) Establishment and funding There is hereby established in the Treasury of the United States a trust fund to be known as the Climate Action Rebate Fund , consisting of such amounts as may be appropriated to such trust fund as provided for in this section. (b) Transfers to the Climate Action Rebate Fund There is hereby appropriated to the Climate Action Rebate Fund amounts equal to the fees received into the Treasury less any amounts refunded or paid under sections 4692(d) and 4695 for each month. (c) Expenditures Amounts in the trust fund shall be available for the following purposes: (1) Carbon Fee Administrative Expenses So much of the expenses as are necessary to administer sections 4692 through 4695 for any year as does not to exceed 0.60 percent of the amounts appropriated to the Climate Action Rebate Fund for the previous year. (2) Climate Action Rebate Fund Administrative expenses So much of the expenses necessary to administer the Climate Action Rebate Fund for each year, as does not exceed— (A) in the case of the first 5 fiscal years ending after the date of the enactment of this section, the administrative expenses for any year may not exceed 5 percent of amounts appropriated to the Climate Action Rebate Fund during such year, and (B) in the case of any fiscal year thereafter, 1.5 percent of the 5-year rolling average of the amounts appropriated to the Climate Action Rebate Fund. (3) Climate Action Rebate payments (A) In general For each fiscal year, the amounts remaining in the Climate Action Rebate Fund following payment of expenses under paragraphs (1) and (2) shall be apportioned as follows: (i) 70 percent of such amounts for the purposes described in subsection (d), (ii) 20 percent of such amounts for the purposes described in subsection (e), (iii) 5 percent of such amounts for the purposes described in subsection (f), and (iv) 5