Tradeable Performance Standard Act

Summary

Tradeable Performance Standard Act This bill establishes the Greenhouse Gas Pollution Reduction Program, which creates (1) targets to eliminate greenhouse gas emissions from cogeneration facilities (e.g., combined power plants), electric facilities, and thermal energy facilities; (2) a system to allow such facilities to achieve the targets through a voluntary emission trading program; and (3) a thermal energy reporting program. By 2030, such facilities must reduce greenhouse gas emissions to 60% of 2019 levels. By 2040, the facilities must eliminate the emissions. Facilities that emit more than the targets must purchase emission allowances from those who emit less. The bill provides for the distribution, trading, and tracking of such allowances. The bill establishes civil penalties for facilities that do not meet the targets and do not submit enough allowances. Finally, the Environmental Protection Agency must establish a thermal energy reporting program. Under the program, thermal energy facilities must provide information about the fuel used to produce thermal energy and the greenhouse gas emissions associated with such production. Further, thermal energy facilities must submit information to demonstrate their compliance with this bill.

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Timeline

1. 11 March 2021

   Introduced

   Referred to the House Committee on Energy and Commerce.

   Source: IntroReferral

2. 11 March 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 March 2021

   Introduced

   Introduced in House

   Source: IntroReferral

4. 12 March 2021

   Referred

   Referred to the Subcommittee on Environment and Climate Change.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 March 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 March 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 March 2021

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 11 March 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Casten, Sean [D-IL-6] · D · Sponsor
• Rep. Malinowski, Tom [D-NJ-7] · D · Sponsor
• Rep. Auchincloss, Jake [D-MA-4] · D · Cosponsor
• · hsif00 · Standing

Related records

• related to ← Tradeable Performance Standard Act