From shipping to staffing, the Chamber and its partners have the tools to save your business money and the solutions to help you run it more efficiently. Join the U.S. Chamber of Commerce today to start saving.
The American Clean Energy and Security Act of 2009
H.R. 2454, the "American Clean Energy and Security Act of 2009" (ACES), is a bill drafted by Reps. Henry Waxman (D-CA) and Ed Markey (D-MA) aimed at reducing domestic emissions of greenhouse gases. The most recent draft of ACES, as passed by the House, can be accessed here.
Presently, the Chamber has significant concerns with ACES, and as a result, does not support the bill in its current form.
ACES contains four main mechanisms for reducing greenhouse gas emissions in the economy:
- A cap and trade emissions trading system geared at the electric utility sector and large emitters of greenhouse gases (GHGs) (25,000 tons per year);
- EPA-enforced equipment performance standards for all other CO2 emitters;
- A mandatory federal renewable electricity standard requiring electric utilities to generate 20 percent of their power from renewable sources and through efficiency gains by 2020; and
- A host of energy efficiency standards for buildings, equipment, and appliances.
The materials on this website are intended to help interested parties learn more about the bill and provisions that may be hiding within its 1,000 pages of text. So as not to inundate visitors to the page with too much information, we intend to limit the documents on this page to the most important documents we believe you will want to read.
Joint Meeting of the Environment & Energy and Regulatory Affairs Committees:
"An Economic Assessment of H.R. 2454"
The Environment & Energy and Regulatory Affairs Committees held their joint fall meeting, "An Economic Assessment of H.R. 2454" on September 11, 2009. Representatives from the Energy Information Administration, U.S. Environmental Protection Agency, The Heritage Foundation, Charles River Associates and the Congressional Budget Office were the featured speakers discussing their respective studies on the Waxman-Markey bill. A recording of the meeting is available here. PDFs of the panelists' PowerPoints are also available below.
Documents and Links of Interest:
- H.R. 2454 Economic Forecast Comparison (PDF)
- U.S. Chamber's position on H.R. 2454 (PDF)
- Energy and Climate Change - A Washington Perspective
- U.S. Chamber "Good, Bad and Ugly" analysis of H.R. 2454 as reported out of committee June 5, 2009 (PDF)
- Economic study of H.R. 2454 released by the National Black Chamber of Commerce (PDF)
- Congressional Budget Office analysis of H.R. 2454 (PDF)
- Testimony of Bill Kovacs on "Discussion Draft" of the bill, April 24, 2009
- U.S. Chamber Chart: Regulatory Implementation of H.R. 2454 (PDF)