After a short break for the Fourth of July, Congress is back at work.
Shortly before the week-long break, the House passed the American Clean Energy and Security Act, which included a cap-and-trade system and was the first U.S. bill to regulate greenhouse gases.
Today the Senate started working on its own version by holding a hearing in the Senate Committee on Environment and Public Works. The committee, chaired by Sen. Barbara Boxer of California, heard testimony from Environmental Protection Agency Administrator Lisa Jackson and Energy Secretary Steven Chu, among others.
On Wednesday, July 8, the Senate Finance Committee will hold a hearing on international trade issues and connections to global warming – the House bill increased trade regulations with countries that produce high numbers of global warming gases – and the Senate Foreign Relations Committee will look at the effectiveness of the European Union’s cap-and-trade system.
Politico reported that any cap-and-trade legislation in the Senate bill is unlikely and that a floor vote will not happen before the long summer recess next month.