Referred to the House Committee on Energy and Commerce.
The bill amends the Clean Air Act to create a tradeable energy performance standard (TEPS) for large electricity generators, cogeneration, and large thermal energy users beginning in 2028. Covered facilities must surrender one emission allowance per metric ton of CO2 emitted annually; the EPA will distribute output-based allowances each year and permit trading, bilateral purchase agreements, and alternative compliance payments.
Liberals focus on environmental ambition and equity; conservatives focus on federal overreach.
Relative to its intended legislative type, this bill is a well-specified substantive policy change that establishes a comprehensive statutory framework for a tradeable energy performance standard, with detailed definitions, allocation and target formulas, trading rules, an offset grant program, market integrity provisions, and reporting requirements.
The bill amends the Clean Air Act to create a tradeable energy performance standard (TEPS) for large electricity generators, cogeneration, and large thermal energy users beginning in 2028.
Covered facilities must surrender one emission allowance per metric ton of CO2 emitted annually; the EPA will distribute output-based allowances each year and permit trading, bilateral purchase agreements, and alternative compliance payments.
Payments and penalties feed a Carbon Mitigation Fund to finance verified offset and mitigation projects; EPA must establish tracking, market rules, sequestration standards, and issue final regulations within 24 months.
Comprehensive federal climate market is high-impact and politically salient; technical compromises exist but content likely triggers strong opposition making enactment unlikely absent major changes.
Relative to its intended legislative type, this bill is a well-specified substantive policy change that establishes a comprehensive statutory framework for a tradeable energy performance standard, with detailed definitions, allocation and target formulas, trading rules, an offset grant program, market integrity provisions, and reporting requirements.
Liberals focus on environmental ambition and equity; conservatives focus on federal overreach.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals focus on environmental ambition and equity; conservatives focus on federal overreach.
Generally supportive of an economy-wide emissions-reduction tool, but concerned about generosity of free allowance distribution and offset integrity.
Will press for stronger accountability, community reinvestment, worker protections, and that revenues benefit affected, disadvantaged communities.
Views bilateral purchase agreements skeptically if they prolong fossil fuel use.
Cautiously positive about a market-based, output-focused approach that sets predictable declining standards.
Values the bill's built-in flexibility (trading, ACPs, offsets) but wants clarity on costs, regulatory details, and impact on reliability and consumers.
Will watch EPA rulemaking and GAO reviews before stronger endorsement.
Likely opposed overall due to new federal mandates, regulatory expansion, and market intervention.
Views the allowance distribution and EPA authority as intrusive, and questions economic impacts and property-rights limits.
Might favor voluntary or state-led approaches instead.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Comprehensive federal climate market is high-impact and politically salient; technical compromises exist but content likely triggers strong opposition making enactment unlikely absent major changes.
The bill has not accumulated any surfaced votes yet.
Liberals focus on environmental ambition and equity; conservatives focus on federal overreach.
Comprehensive federal climate market is high-impact and politically salient; technical compromises exist but content likely triggers strong…
Relative to its intended legislative type, this bill is a well-specified substantive policy change that establishes a comprehensive statutory framework for a tradeable energy performance standard, with detailed definiti…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.