3.0.0 485 2023-01-11T19:59:05Z 2023-01-11T19:59:05Z Senate S S 2007-02-01 110 ssfi00 Finance Committee Senate Standing Referred to 2007-02-02T00:37:51Z 2007-02-01 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-02-01 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2007-02-01 True K000105 Sen. Kennedy, Edward M. [D-MA] EDWARD KENNEDY D MA MOORE 2007-02-28 False Environmental Protection Administrative procedure Air pollution control Alcohol as fuel Alternative energy sources Arctic Ocean Arctic and polar regions Automobile engines Automobile industry Biological diversity Carbon cycle Carbon dioxide Climate change and greenhouse gases Cogeneration of electric power and heat Commerce Congress Congressional reporting requirements Coral reefs Department of Commerce Droughts Economic growth Economic impact statements Economics and Public Finance Ecosystem management Electric power production Electric utilities Electric vehicles Emissions trading Energy Energy conservation Energy consumption Energy efficiency Environmental Protection Agency Environmental monitoring Environmental research Executive reorganization Fines (Penalties) Floods Fluorocarbons Fuel cells Fuel consumption Gasoline Government Operations and Politics Government paperwork Government publicity Government trust funds Governmental investigations Hurricanes Hydrology Income tax Information disclosure (Securities law) International Affairs International environmental cooperation Law Marine and coastal resources, fisheries Marine ecology Methane Motor vehicle pollution control Negotiations Nitrogen oxides Petroleum industry Public Lands and Natural Resources Research and development Science, Technology, Communications Sea level Securities and Exchange Commission Securities regulation Service stations Standards Storms Sulphur Tax credits Taxation Technological innovations Technology transfer Tornadoes Transportation and Public Works Treaties Tsunamis Water Resources Development Weather Environmental Protection 00 2007-02-01 Introduced in Senate 2007-03-06T16:39:28Z Global Warming Pollution Reduction Act of 2007 - Amends the Clean Air Act to direct the Environmental Protection Agency (EPA) to: (1) promulgate regulations necessary to reduce the aggregate net level of global warming pollution emissions; and (2) establish a market-based emissions cap and global warming pollutants trading program.

Establishes the Climate Reinvestment Fund.

Requires EPA to: (1) establish, and revise every five years, standards for passenger vehicle emissions; and (2) research global climate change standards and processes.

Sets forth requirements for retail electricity suppliers and EPA concerning: (1) energy efficiency and peak load reduction; (2) a related trading system; (3) renewable energy types and sources; and (4) a renewable energy credit program and related penalties.

Requires the Secretary of Agriculture to establish standards for accrediting certified reductions in carbon dioxide emission through biological sequestration activities.

Requires major stationary sources to report annually to EPA about global warming pollutant emissions.

Directs the National Academy of Sciences to report biennially to EPA and Congress about U.S. progress in avoiding dangerous anthropogenic interference with the climate system.

Replaces specified volumes of renewable fuel required in gasoline for 2006-2012 with benchmarks for 2010, 2020, and 2030 and a requirement that EPA determine the volume for each year not specified annually.

Requires the Secretary of Energy to ensure that major oil companies that sell gasoline in the United States through wholly-owned or branded stations provide pumps that dispense E-85 fuel at specified percentages. Creates a related trading program.

Amends the Internal Revenue Code to double the new qualified fuel cell motor vehicle credit, the new advanced lean burn technology motor vehicle credit, and the conservation credit. Creates a new plug-in hybrid motor vehicle credit and an advanced technology motor vehicles manufacturing credit.

Directs the Securities and Exchange Commission (SEC) to: (1) require securities issuers to inform investors of financial and economic risks relating to global warming; and (2) declare that U.S. commitments to reduce emissions under the United Nations Framework Convention on Climate Change are considered to be a material effect and that global warming constitutes a known trend.

Requires the Secretary of Commerce to establish a National Climate Change Vulnerability and Resilience Program and an Office of Climate Change Vulnerability and Resilience Research.

]]> Global Warming Reduction Act of 2007 Official Title as Introduced A bill to amend the Clean Air Act to establish an economy-wide global warming pollution emission cap-and-trade program to assist the economy in transitioning to new clean energy technologies, to protect employees and affected communities, to protect companies and consumers from significant increases in energy costs, and for other purposes. Introduced in Senate IS Display Title Global Warming Reduction Act of 2007 Short Titles as Introduced Global Warming Reduction Act of 2007 Introduced in Senate 2007-02-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s485is/xml/BILLS-110s485is.xml 2007-02-01 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.