Mark up of Senate Cap-and-Trade Bill Begins
Starting today, the Senate Environment and Public Works Committee will mark up S.2191, America’s Climate Security Act of 2007, sponsored by Sen. Joe Lieberman (I-CT) and Sen. John Warner (R-VA).
The bill establishes an economy-wide cap-and-trade system for carbon emissions in the U.S. applicable to all business sectors.
Though many parts of the bill are still not firmly set — more than 180 amendments have been filed for possible consideration during what is expected to be a multi-day markup — there appears to be sufficient support on the Committee to report the bill to the full Senate, which would be the first major action on climate regulation in the 110th Congress.
More to follow as the mark up continues …
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