Official Summary of Waxman-Markey American Clean Energy and Security Act (H.R. 2454) 1

Posted by Brad Johnson Sun, 17 May 2009 21:59:00 GMT

COMMITTEE ON ENERGY AND COMMERCE
U.S. HOUSE OF REPRESENTATIVES

MEMORANDUM
May 16, 2009

TO: Members of the Committee on Energy and Commerce
FR: Democratic Staff of the Committee on Energy and Commerce
RE: Full Committee Business Meeting on May 18

On Monday, May 18, 2009, at 1:00 p.m. in room 2123 Rayburn House Office Building, the full Committee on Energy and Commerce will meet in open markup session to consider H.R. 2454, the American Clean Energy and Security Act of 2009 (ACES Act), comprehensive energy legislation to deploy clean energy resources, increase energy efficiency, cut global warming pollution, and transition to a clean energy economy.

In the past two and half years, the Committee has held dozens of hearings on energy and climate change policy and has built a detailed factual record on the need for legislation in this area. The nation’s dependence on foreign oil has significantly increased over the last decade. Consumers have faced increasing and volatile energy prices. Other countries have overtaken us in the manufacture of wind and solar energy. Energy company investments are paralyzed because of uncertainty about what policies the Congress will establish. Meanwhile, global warming pollution has increased unchecked.

On March 31, 2009, Chairman Waxman and Chairman Markey released a discussion draft of the ACES bill to address these problems. Since that time, nearly 70 witnesses have testified before the Committee about the legislation. The views of members and stakeholders have been considered by the Chairmen and a revised version of the ACES bill was introduced on May 15, 2009.

Following is a description of major provisions of the ACES bill. [Full text available here.]

American Clean Energy And Security Act Contents

Safe Climate Act Contents

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  1. miggs Mon, 18 May 2009 02:43:00 GMT

    The incentives for waste energy recovery and combined heat & power are especially promising. DOE and EPA studies suggest these things could slash U.S. greenhouse gas emissions by 20% without any additional technology development. That’s as much as if we took every passenger vehicle off the road. Meanwhile, power costs would fall due to increased efficiency.

    Full disclosure: I’m associated with Recycled Energy Development, a company that does this work. So I’m not an unbiased observer. But the reason I’m involved is precisely that there’s a massive amount of potential here to transform the way our nation produces power.

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