WashingtonWatch.com - H.R. 2651, The Greenhouse Gas Accountability Act of 2007

Revision by webmaster (September 11, 2007, 01:00:00)

Tue, 11 Sep 2007 00:00:00 EDT

H.R. 2651 would require large publicly traded companies and significant emitters of greenhouse gases to report their emissions to the Environmental Protection Agency.

Detailed Summary

Greenhouse Gas Accountability Act of 2007 - Requires the Administrator of the Environmental Protection Agency (EPA) to establish a program to require specified entities (including any significant greenhouse gas (GHG) emitter and any entity with annual revenues exceeding $10 million that is engaged in the business of automobiles, aerospace and defense, chemicals, construction materials, electric utilities, energy equipment and services, oil, gas, and consumable fuels, metals and mining, paper and forest products, or transportation) to report annually to the Administrator on their GHG emissions. Sets forth program design requirements, including that it be consistent with the standards, protocols, and principles of the Climate Registry and the California Climate Registry.

Authorizes an entity to report offsets and sequestration projects to mitigate its GHG emissions.

Requires the Governmental Accountability Office (GAO) to report on entities' compliance and on whether the regulations are effective in inventorying GHGs. Provides for penalties for noncompliance.

Requires the Administrator to establish a public website containing a national GHG emissions database.

Directs the Securities and Exchange Commission (SEC) to: (1) revise its regulations under the Securities Exchange Act of 1934 to require that certain annual reports filed by issuers of securities contain specified information concerning GHG emissions; and (2) issue an interpretive release clarifying, for purposes of specified regulations, that U.S. commitments to reduce emissions of global warming pollution under the United Nations Framework Convention on Climate Change, May 9, 1992, are considered to be a material effect and that global warming constitutes a known trend.

Status of the Legislation

Latest Major Action: 7/17/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Points in Favor

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Points Against

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Revision by webmaster (July 19, 2007, 01:00:00)

Thu, 19 Jul 2007 00:00:00 EDT

H.R. 2651 would require large publicly traded companies and significant emitters of greenhouse gases to report their emissions to the Environmental Protection Agency.

Detailed Summary

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Status of the Legislation

Latest Major Action: 7/17/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Points in Favor

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Points Against

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Status as of July 17, 2007

Tue, 17 Jul 2007 00:00:00 EDT

7/17/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Status as of July 17, 2007

Tue, 17 Jul 2007 00:00:00 EDT

7/17/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Revision by webmaster (June 12, 2007, 01:00:00)

Tue, 12 Jun 2007 00:00:00 EDT

H.R. 2651 would require large publicly traded companies and significant emitters of greenhouse gases to report their emissions to the Environmental Protection Agency.

Detailed Summary

(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)

Status of the Legislation

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Points in Favor

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Points Against

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Revision by webmaster (June 12, 2007, 01:00:00)

Tue, 12 Jun 2007 00:00:00 EDT

H.R. 2651 would require large publicly traded companies and significant emitters of greenhouse gases to report their emissions to the Environmental Protection Agency.

Detailed Summary

(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)

Status of the Legislation

Latest Major Action: 6/11/2007: Referred to House committee. Status: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Financial Services, 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.

Points in Favor

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Points Against

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Status as of June 11, 2007

Mon, 11 Jun 2007 00:00:00 EDT

6/11/2007: Referred to House committee. Status: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Financial Services, 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.