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

Manatt, Phelps & Phillips, LLP

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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