House Passes Clean Energy Bill
On June 26, 2009, the House of Representatives passed H.R. 2454, the American Clean Energy and Security Act of 2009 (ACES) by a vote of 219 to 212.
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Highlights of ACES Prior to Passage
Trade-related highlights of ACES prior to the House's consideration on June 26, 2009 include (see future ITT issue for summary as passed) :
Industry rebates (subsidies) to compensate for cost of reducing greenhouse gas pollution
President to determine if international reserve allowance (import tax) program needed
International reserve allowance program requirements
President Calls on Senate to Pass ACES
In his weekly address, the President congratulated the House on its passage of ACES and urged Senate passage of the bill.
(See ITT's Online Archives or 06/26/09 news, 09062615, for BP summary of the amendments that were offered for ACES.
See ITT's Online Archives or 06/25/09 news, 09062505, for BP summary on the new version of ACES.
See ITT's Online Archives or 04/21/09 and 04/22/09 news, 09042155 and 09042220, for BP summaries on the announcement of these hearings.
See ITT's Online Archives or 04/29/09 news, 09042940, for BP summary of the Committee's announcement of an additional day of hearings on May 1, 2009.
See ITT's Online Archives or 04/01/09 news, 09040105, for BP summary of the ACES discussion draft.
See ITT's Online Archives or 04/23/09 news, 09042325, for BP summary of USTR's response to congressional concerns about linkage of climate change and U.S. trade policies.)
House Energy and Commerce Committee press release available at http://energycommerce.house.gov/.
President's weekly address (dated 06/27/09) available at http://www.whitehouse.gov/the_press_office/UPDATED-and-FINAL-WEEKLY-ADDRESS-President-Obama-Calls-Energy-Bill-Passage-Critical-to-Stronger-American-Economy/.