Cap-and-Trade Bill Passed by U.S. House: A Summary

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The U.S. House of Representatives passed a landmark global warming bill (HR 2454) by a vote of 219-212 on June 26, 2009. The American Clean Energy and Security Act of 2009 (ACES) seeks to, among other things, establish a nationwide cap-and-trade system for greenhouse gas (GHG) emissions. The bill now moves to the Senate where Majority Leader Reid has called for a September 18 deadline for all committee markup on the Senate version of the legislation.

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Published In: Elections & Politics Updates, Energy & Utilities Updates, Environmental Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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