Proposed American Clean Energy and Security Act of 2009

In a press release issued today by Chairman Henry A. Waxman of the Energy and Commerce Committee and Chairman Edward J. Markey of the Energy and Environment Subcommittee they announced the proposed American Clean Energy and Security Act of 2009. The draft legislation running 648 pages, outlines an ambitious program.

According to the summary of the proposed bill, the legislation: “has four titles: (1) a “clean energy” title that promotes renewable sources of energy and carbon capture and sequestration technologies, low-carbon transportation fuels, clean electric vehicles, and the smart grid and electricity transmission; (2) an “energy efficiency” title that increases energy efficiency across all sectors of the economy, including buildings, appliances, transportation, and industry; (3) a “global warming” title that places limits on the emissions of heat-trapping pollutants; and (4) a “transitioning” title that protects U.S. consumers and industry and promotes green jobs during the transition to a clean energy economy.”

Apparently, the sponsors are looking to fast track action on the bill, with a plan for the Energy and Commerce Committee to “complete consideration of the legislation by Memorial Day”.