H.R. 2454: American Clean Energy and Security Act of 2009
What is Cap and Trade?
In short, the “cap” is a
legal limit on the quantity of greenhouse gases that a region can emit each
year and “trade” means that companies may swap among
themselves the permission – or permits – to emit greenhouse gases.
Cap and trade commits us to responsible
limits on global warming emissions and gradually steps down those limits over
time. Setting commonsense rules, cap and trade sparks the competitiveness and
ingenuity of the marketplace to reduce emissions as smoothly, efficiently, and
cost-effectively as possible.
OpenCongress Summary
This is the Waxman-Markley
comprehensive energy bill, known for short as "ACES," that includes a
cap-and-trade global warming reduction plan designed to reduce
economy-wide greenhouse gas emissions 17 percent by 2020. Other
provisions include new renewable requirements for utilities, studies and
incentives regarding new carbon capture and sequestration technologies, energy
efficiency incentives for homes and buildings, and grants for green jobs, among
other things.
111th
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2009-2010 American Clean
Energy and Security Act of 2009
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Primary Source
See H.R. 2454 on THOMAS for the official source
of information on this bill or resolution.
To create clean energy jobs, achieve energy independence, reduce
global warming pollution and transition to a clean energy economy.
Overview
Sponsor: Rep. Henry Waxman [D-CA30]show cosponsors
(1)
Status:
Introduced May 15, 2009
Referred to Committee View Committee Assignments
Reported by Committee May 21, 2009
Amendments (2 proposed) View Amendments
Passed House Jun 26, 2009
Senate Vote ...
Signed by President ...
This bill has been passed in the House. The bill now goes on to be
voted on in the Senate. Keep in mind that debate may be taking place on a
companion bill in the Senate, rather than on this particular bill. [Last Updated:
Sep 18, 2009 8:42PM]
Last Action: Jul 7, 2009: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 97.
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Votes: Jun 26,
2009: This bill passed in the House of Representatives by roll
call vote. The totals were 219 Ayes, 212 Nays, 3 Present/Not Voting. Vote Details.
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View all 2 votes on this bill.