Environmental Newsflash, Issue 22

A Detailed Summary of the Cap and Trade Program Provisions Contained in HR 2454

On June 26, 2009, the United States House of Representatives passed the American Clean Energy and Security Act (HR 2454), a comprehensive bill addressing climate change and energy issues, by a vote of 219 to 212.  The Bill marks the first time that climate change legislation has been passed by a full house of Congress.  The Senate is currently considering its own climate change legislation.  The full House Bill is over one thousand pages long, and in addition to establishing a cap and trade program for greenhouse gas emissions, contains titles that address clean energy, energy efficiency, and transitioning to a clean energy economy.  Many of the summaries provided of the Bill to date lack detail. 

Please click here for a detailed summary of the approximately 350 pages that make up the cap and trade program in the Bill. 

For more information, please contact:
James Derouin: 602.257.5237, jderouin@steptoe.com
Fred Bellamy: 602.257.5204, fbellamy@steptoe.com
David Nelson: 602.257.5246, dnelson@steptoe.com
Mark Freeze: 602.257.5215, mfreeze@steptoe.com