Chairmen Waxman, Markey Release Discussion Draft of New Clean Energy Legislation

Press Release

Chairmen Waxman, Markey Release Discussion Draft of New Clean Energy Legislation

Chairman Henry A. Waxman of the Energy and Commerce Committee and Chairman Edward J. Markey of the Energy and Environment Subcommittee released a draft of clean energy legislation that will create jobs, help end our dangerous dependence on foreign oil, and combat global warming. The American Clean Energy and Security Act of 2009 (ACES) is a comprehensive approach to America's energy policy that charts a new course toward a clean energy economy.

"This legislation will create millions of clean energy jobs, put America on the path to energy independence, and cut global warming pollution." said Chairman Waxman. "Our goal is to strengthen our economy by making America the world leader in new clean energy and energy efficiency technologies."

"This legislation will create clean energy jobs that can't be shipped overseas, reduce our dependence on foreign oil, and make America the global leader in energy technology. We will create jobs by the millions, save money by the billions, and unleash energy investment by the trillions," said Chairman Markey, who held many hearings on the major issues in the bill. "Chairman Waxman and I will work with our colleagues to ensure that we are protecting American consumers and that our clean energy future helps all parts of the country."

The American Clean Energy and Security Act will create millions of new clean energy jobs, save consumers hundreds of billions of dollars in energy costs, enhance America's energy independence, and cut global warming pollution. To meet these goals, the legislation has four titles:

* A clean energy title that promotes renewable sources of energy, carbon capture and sequestration technologies, low-carbon fuels, clean electric vehicles, and the smart grid and electricity transmission;
* An energy efficiency title that increases energy efficiency across all sectors of the economy, including buildings, appliances, transportation, and industry;
* A global warming title that places limits on emissions of heat-trapping pollutants; and
* A transitioning title that protects U.S. consumers and industry and promotes green jobs during the transition to a clean energy economy.

The Energy and Commerce Committee will complete consideration of the legislation by Memorial Day.

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