On May 15, Congressmen Henry Waxman, D-Calif., and Ed Markey, D-Mass., introduced in the House Energy and Commerce Committee a revised draft of H.R. 2454, the American Clean Energy and Security Act of 2009. Following its mark-up by the full committee, the act is likely to constitute the major energy legislation to be debated in this session of Congress.
The committee leadership released its draft, now 946 pages long, after much internal negotiation and compromise among the committee’s Democrats. Because, if enacted, the act will have far-reaching effects on consumers and businesses, a review of its provisions is important for planning future actions and investments.
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