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Tradeable Performance Standard Act

USA117th CongressHR-1805| House 
| Updated: 3/12/2021
Sean Casten

Sean Casten

Democratic Representative

Illinois

Cosponsors (2)
Tom Malinowski (Democratic)Jake Auchincloss (Democratic)

Environment Subcommittee, Energy and Commerce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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

Bill from Previous Congress

HR 116-8582
Tradeable Performance Standard Act
Mar 11, 2021
Introduced in House
Mar 11, 2021
Referred to the House Committee on Energy and Commerce.
Mar 12, 2021
Referred to the Subcommittee on Environment and Climate Change.
  • Bill from Previous Congress

    HR 116-8582
    Tradeable Performance Standard Act


  • March 11, 2021
    Introduced in House


  • March 11, 2021
    Referred to the House Committee on Energy and Commerce.


  • March 12, 2021
    Referred to the Subcommittee on Environment and Climate Change.

Environmental Protection

Administrative law and regulatory proceduresAir qualityAlternative and renewable resourcesBusiness recordsClimate change and greenhouse gasesCongressional oversightElectric power generation and transmissionEnergy efficiency and conservationEnvironmental assessment, monitoring, researchEnvironmental Protection Agency (EPA)Environmental regulatory proceduresEnvironmental technologyGovernment information and archivesIndustrial facilitiesIndustrial policy and productivityInflation and pricesLicensing and registrationsPerformance measurement

Tradeable Performance Standard Act

USA117th CongressHR-1805| House 
| Updated: 3/12/2021
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-8582
Tradeable Performance Standard Act
Mar 11, 2021
Introduced in House
Mar 11, 2021
Referred to the House Committee on Energy and Commerce.
Mar 12, 2021
Referred to the Subcommittee on Environment and Climate Change.
  • Bill from Previous Congress

    HR 116-8582
    Tradeable Performance Standard Act


  • March 11, 2021
    Introduced in House


  • March 11, 2021
    Referred to the House Committee on Energy and Commerce.


  • March 12, 2021
    Referred to the Subcommittee on Environment and Climate Change.
Sean Casten

Sean Casten

Democratic Representative

Illinois

Cosponsors (2)
Tom Malinowski (Democratic)Jake Auchincloss (Democratic)

Environment Subcommittee, Energy and Commerce Committee

Environmental Protection

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresAir qualityAlternative and renewable resourcesBusiness recordsClimate change and greenhouse gasesCongressional oversightElectric power generation and transmissionEnergy efficiency and conservationEnvironmental assessment, monitoring, researchEnvironmental Protection Agency (EPA)Environmental regulatory proceduresEnvironmental technologyGovernment information and archivesIndustrial facilitiesIndustrial policy and productivityInflation and pricesLicensing and registrationsPerformance measurement