May 21, 2009: Energy and Commerce Committee Passes Waxman-Markey Bill
WASHINGTON, DC — Today the Energy and Commerce Committee approved H.R. 2454, “The American Clean Energy and Security Act,” by a vote of 33 to 25. This legislation is a comprehensive approach to America’s energy policy that charts a new course towards a clean energy economy.
“Today the Committee took decisive and historic action to promote America’s energy security and to create millions of clean energy jobs that will drive our economic recovery and long-term growth,” said Chairman Waxman. “This bill, when enacted into law this year, will break our dependence on foreign oil, make our nation the world leader in clean energy jobs and technology, and cut global warming pollution. I am grateful to my colleagues who supported this legislation and to President Obama for his outstanding leadership on these critical issues.”
“With this plan, we will shape a new energy destiny for our country, where we innovate more and pollute less,” said Subcommittee Chairman Markey. “Today we have chosen bold action to preserve good paying jobs here in America and preserve our planet. In just eight weeks, Chairman Waxman and I, working with our entire committee, have moved us farther down the path toward energy independence than our country had moved in the past eight years.”
The American Clean Energy and Security Act will create millions of new clean energy jobs, save consumers hundreds of billions of dollars in energy costs, enhance America’s energy independence, and cut global warming pollution. To meet these goals, the legislation has four titles:
· A clean energy title that promotes renewable sources of energy, carbon capture and sequestration technologies, clean electric vehicles, and the smart grid and electricity transmission.
· An energy efficiency title that increases energy efficiency across all sectors of the economy, including buildings, appliances, transportation, and industry.
· A global warming title that places limits on emissions of heat-trapping pollutants. This legislation would cut global warming pollution by 17% compared to 2005 levels in 2020, by 42% in 2030, and by 83% in 2050. These are science-based targets and within the range agreed to by USCAP.
· A title that protects U.S. consumers and industry and promotes green jobs during the transition to a clean energy economy.
The legislation has received wide support from electric utilities; energy companies; manufacturing, industry, and corporate companies; labor unions; and community and environmental organizations.
A copy of the bill is posted online at www.energycommerce.house.gov.