110 HR 6316 IH: Climate MATTERS Act of U.S. House of Representatives 2008-06-19 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.

I 110th CONGRESS 2d Session H. R. 6316 IN THE HOUSE OF REPRESENTATIVES June 19, 2008 Mr. Doggett (for himself, Mr. Blumenauer, Mr. Van Hollen, Mr. Emanuel, Mr. Larson of Connecticut, Ms. DeLauro, Mr. George Miller of California, Ms. Slaughter, Mr. Brady of Pennsylvania, Ms. Wasserman Schultz, Mr. Lewis of Georgia, Mr. McDermott, Mr. Olver, Mr. Holt, Mr. Stark, Ms. Berkley, Ms. Schwartz, Mr. Crowley, Mr. McNulty, Mr. Meek of Florida, Mr. Moran of Virginia, Mr. Pascrell, Mr. Thompson of California, Mr. Conyers, Mrs. Jones of Ohio, Mr. Ackerman, Mr. Bishop of New York, Mr. Capuano, Ms. Castor, Mr. Chandler, Ms. Clarke, Mr. Cleaver, Mr. Cohen, Mr. Courtney, Mr. Davis of Illinois, Mr. Ellison, Mr. Farr, Mr. Filner, Mr. Gutierrez, Mr. Hall of New York, Mr. Hare, Mr. Hinchey, Ms. Hirono, Mr. Honda, Mr. Israel, Mr. Jackson of Illinois, Ms. Jackson-Lee of Texas, Ms. Eddie Bernice Johnson of Texas, Mr. Johnson of Georgia, Mr. Kennedy, Mr. Klein of Florida, Mr. Kucinich, Ms. Lee, Ms. Zoe Lofgren of California, Mrs. Maloney of New York, Mr. McGovern, Ms. Moore of Wisconsin, Mr. Nadler, Mrs. Napolitano, Ms. Norton, Mr. Payne, Ms. Loretta Sanchez of California, Mr. Schiff, Mr. Sestak, Mr. Sherman, Mrs. Tauscher, Ms. Tsongas, Ms. Waters, Ms. Watson, Mr. Welch of Vermont, Mr. Wexler, Ms. Woolsey, Mr. Wu, Mr. Yarmuth, Mr. Thompson of Mississippi, Mr. Hastings of Florida, Mr. Grijalva, Mr. Fattah, and Mr. Delahunt) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Foreign Affairs, Science and Technology, Financial Services, Education and Labor, Natural Resources, Agriculture, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To reduce global greenhouse gas emissions through the creation of a domestic carbon market and international trade measures, and to direct the revenue therefrom to public interests.

1.

Short title; table of contents

(a)

Short title

This Act may be cited as the Climate Market, Auction, Trust & Trade Emissions Reduction System Act of 2008 or the Climate MATTERS Act of 2008. (b)

Table of contents

The table of contents of this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Purposes. Title I—Global Cooperation Subtitle A—General provisions Sec. 101. Definitions. Subtitle B—International Reserve Allowances Sec. 111. International reserve allowance program. Sec. 112. Adjustment of international reserve allowance requirements. Sec. 113. International Climate Change Commission. Sec. 114. Determinations of comparable action. Sec. 115. International agreements. Title II—Revenue provisions Sec. 201. Issuing, auctioning, and administering emissions allowances. Title III—Citizen Protection and Deficit Reduction Trust Funds Subtitle A—Establishment of trust funds Sec. 301. Establishment of citizen protection and deficit reduction trust funds. Subtitle B—Citizen Protection Programs Sec. 310. Definitions. Part 1—Consumer assistance Sec. 311. Allocation of account funds. Sec. 312. Climate change rebate program. Sec. 313. Healthy families fund. Part 2—Investment in Natural Resource adaptation Sec. 321. Definitions. Sec. 322. Adaptation fund. Part 3—Early action Sec. 331. Early action. Part 4—State and Tribal action Sec. 341. Allocation for energy savings. Sec. 342. Allocation for States with programs that exceed Federal emission reduction targets. Sec. 343. General allocation. Part 5—Domestic agriculture and forestry Sec. 351. Allocation. Sec. 352. Agricultural and forestry greenhouse gas management research. Sec. 353. Distribution. Part 6—International forestry Sec. 361. Findings. Sec. 362. Definition of deforestation reduction activities. Sec. 363. Allocation. Sec. 364. Quality criteria for deforestation reduction activities. Sec. 365. Eligibility for deforestation reduction activities. Sec. 366. Reviews and discount. Part 7—Energy efficiency Sec. 371. Allocation. Sec. 372. Distribution. Sec. 373. Use. Sec. 374. Reporting. Part 8—Alternative transportation Sec. 381. Grants to provide for additional and improved public transportation service. Sec. 382. Grants for construction of new public transportation projects. Sec. 383. Grants for transportation alternatives and travel demand reduction projects. Sec. 384. Technical capacity and standards. Sec. 385. Study and standards. Sec. 386. Condition for receipt of funds. Title IV—Emissions determinations and miscellaneous Sec. 401. Definitions. Sec. 402. Federal Greenhouse Gas Registry, emissions determination, and uncovered sector emissions. Sec. 403. Paramount interest waiver. Sec. 404. Administrative procedure and judicial review. Sec. 405. Retention of State authority. Sec. 406. Tribal authority. Sec. 407. Authorization of appropriations.

2.

Purposes

The purposes of this Act are— (1)to establish the core of a Federal program that will reduce United States greenhouse gas emissions substantially enough between 2008 and 2050 to avert the catastrophic impacts of global climate change; (2)to raise revenue to be used for positive environmental and social purposes to offset the effects of climate change; and (3)to accomplish that purpose while preserving robust growth in the United States economy, creating new jobs, and avoiding the imposition of hardship on United States citizens.