Summary: U.S. Senator Barbara Boxer (D-CA), Chairman of the Senate Committee on Environment and Public Works, released the text of the Chairman’s Mark of the Clean Energy Jobs and American Power Act (S. 1733) late Friday night.
New and revised language in the Chairman’s Mark includes:
• Specifies distribution of emissions allowances;
• Ensures that the majority of investments in the bill are for consumer protection;
• Includes new provisions to address clean coal technology;
• Increases investments in energy efficiency and renewable energy;
• Reduces greenhouse gas emissions and increases investments in the transportation sector;
• Enhances agriculture and forestry provisions;
• Directs assistance to rural communities;
• Includes greater assistance for small and medium refineries;
• Enhances the role of tribes;
• Increases the size of the market stability reserve; and
• Promotes advanced renewable fuels.
The Environmental Protection Agency (EPA) also released a detailed economic analysis of The Clean Energy Jobs and American Power Act that found no significant change in the estimated cost to American families, compared with H.R. 2454, the Waxman-Markey legislation passed this summer by the House of Representatives.
Source: October 23, 2009 EPW Press Release
More Information:
- A pdf of the Chairman’s Mark is at http://epw.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=ee5c67bb-a5a7-453d-a4e0-4c8f2908c0cf
- A summary of key changes in the Chairman’s Mark is at http://epw.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=0a5c8998-3ec9-4c7a-a9d7-c597dd920929
- A summary of allowance allocations is at http://epw.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=dd0d17e2-d6c2-42b2-9972-32cb999acfe4
- A pdf of EPA’s analysis is at http://www.epa.gov/climatechange/economics/pdfs/EPA_S1733_Analysis.pdf
- The full press release is at http://www.epw.senate.gov/public/index.cfm?FuseAction=PressRoom.PressReleases&ContentRecord_id=84691b8e-802a-23ad-4728-e60de8d50fea
Contact: Peter Rafle (202) 302-7086 or Kate Gilman (202) 207-8639
Prepared by: This message was distributed by Kellen Mahoney, who may be reached at e-mail: kmahoney@eetnews.com
