Climate Stewardship and Economic Security Act of 2007

Bill: 110-hr-4226
Sponsor: Rep. Gilchrest, Wayne T. [R-MD-1]
Introduced: 2007-11-15 in the House
Policy area: Environmental Protection
Subjects: Administrative fees
Administrative procedure
Advice and consent of the Senate
Agriculture and Food
Air pollution control
Alternative energy sources
Animals
Aquatic ecology
Biomass energy
Carbon cycle
Carbon dioxide
Cellulose
Chesapeake Bay
Climate change and greenhouse gases
Coal
Coastal zone
Commerce
Community development
Congress
Congressional reporting requirements
Consumer discounts
Cost accounting
Data banks
Developing countries
Dislocated workers
Droughts
Economic impact statements
Economics and Public Finance
Ecosystem management
Electric power production
Electric utilities
Emergency Management
Emissions trading
Energy
Energy crops
Environmental Protection Agency
Environmental assessment
Environmental health
Environmental technology
Estuaries
Everglades
Executive reorganization
Farm lands
Federal aid to air pollution control
Federal-local relations
Federal-state relations
Fines (Penalties)
Fisheries
Floods
Fluorocarbons
Foreign Trade and International Finance
Forest conservation
Government Operations and Politics
Government paperwork
Government publications
Government publicity
Governmental investigations
Grants-in-aid
Great Lakes
Habitat conservation
Health
Housing and Community Development
Identification devices
Imports
Industrial pollution
Infrastructure
International Affairs
International environmental cooperation
Job hunting
Labor and Employment
Law
Long Island Sound
Marine and coastal resources, fisheries
Meteorology
Methane
Motor vehicle pollution control
Negotiations
Nitrogen oxides
Nonprofit organizations
Oceanography
Petroleum
Petroleum industry
Pollution measurement
Poverty
Presidential appointments
Public Lands and Natural Resources
Public health
Real estate development
Rebates
Reforestation
Restoration ecology
Revolving funds
Science, Technology, Communications
Sea level
Social Welfare
Storage
Storms
Subsidies
Tourism
Transportation and Public Works
Treaties
United Nations
Waste reduction
Water Resources Development
Weather
Wildlife conservation
Wind power

Summary:
action_date: 2007-11-15
text: 
Climate Stewardship and Economic Security Act of 2007 - Requires the Administrator of the Environmental Protection Agency (EPA) to establish a National Greenhouse Gas Database consisting of: (1) an inventory of greenhouse gas (GHG) emissions by covered entities (specified entities that own or control a source of GHG emissions in the electric power, industrial, and commercial sectors of the U.S. economy that emit more than 10,000 metric tons of GHGs per year); and (2) a registry of GHG emission reductions and increased sequestration, applicable to all entities.

Establishes a program for the market-driven reduction of GHGs by covered entities through the use of tradeable emissions allowances. Requires the Administrator to establish a declining cap on allowances to reduce GHG emissions over time. Requires covered entities, beginning in 2012, to submit to the Administrator one allowance for every metric ton of GHGs emitted. Authorizes the President to establish a program to require importers to pay the value of GHGs emitted during the production of goods or services imported into the United States from specified foreign nations.

Allows allowances to be sold, exchanged, purchased, retired, borrowed, offset, or otherwise used as authorized by this Act. Imposes civil penalties on covered entities that fail to submit allowances. Requires: (1) the Administrator to establish a program to assist developing counties and covered entities in reducing GHGs; and (2) the Secretary of Agriculture to establish an outreach initiative on opportunities for agricultural producers to earn revenue. 

Establishes: (1) the Carbon Market Efficiency Board to analyze information on the GHG emission tradeable allowance market and to carry out cost relief measures if such market poses a significant harm to the US economy; and (2) the Climate Change Credit Corporation (CCCC) to receive, manage, buy, and sell allowances. 

Directs the Administrator to make allocations of allowances to covered sectors and entities and to the CCCC, providing initial allocations for early action and accelerated participation.

Requires the CCCC to establish a program to provide financial support for: (1) technology to assist in compliance with this Act; (2) the restoration of habitat to help fish and wildlife adapt to climate change; and (3) restoration of large-scale aquatic ecosystems.

Amends the Coastal Zone Management Act of 1972 to require the Secretary of Commerce to: (1) report to Congress on the oceanic and coastal impacts of climate change; and (2) assist certain coastal states in preparing persons to adapt to climate change.

Requires the Director of the Office of Science and Technology Policy to: (1) establish a program on adaptation technologies as part of the Climate Technology Challenge Program; and (2) perform regional infrastructure cost assessments of the impacts of climate change. Requires the Secretary of Commerce to: (1) submit a climate change adaptation plan to Congress; and (2) research the impact of climate change on low-income populations worldwide.

Amends the Pittman-Robertson Wildlife Restoration Act to provide funding for the Wildlife Conservation and Restoration Account that may be used by states to develop and implement climate change impact mitigation plans.


Legislative actions:
action_date: 2008-04-25
text: Referred to the Subcommittee on Department Operations, Oversight, Nutrition and Forestry.
action_date: 2008-04-25
text: Referred to the Subcommittee on Conservation, Credit, Energy, and Research.
action_date: 2008-01-28
text: Referred to the Subcommittee on Energy and Environment.
action_date: 2007-11-20
text: Referred to the Subcommittee on Fisheries, Wildlife, and Oceans.
action_date: 2007-11-20
text: Referred to the Subcommittee on Energy and Mineral Resources.
action_date: 2007-11-15
text: Referred to the Subcommittee on Energy and Air Quality.
action_date: 2007-11-15
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Natural Resources, Foreign Affairs, Agriculture, and Ways and Means, 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.
action_date: 2007-11-15
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Natural Resources, Foreign Affairs, Agriculture, and Ways and Means, 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.
action_date: 2007-11-15
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Natural Resources, Foreign Affairs, Agriculture, and Ways and Means, 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.
action_date: 2007-11-15
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Natural Resources, Foreign Affairs, Agriculture, and Ways and Means, 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.
action_date: 2007-11-15
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Natural Resources, Foreign Affairs, Agriculture, and Ways and Means, 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.
action_date: 2007-11-15
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Natural Resources, Foreign Affairs, Agriculture, and Ways and Means, 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.
action_date: 2007-11-15
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science and Technology, Natural Resources, Foreign Affairs, Agriculture, and Ways and Means, 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.
action_date: 2007-11-15
text: Introduced in House
action_date: 2007-11-15
text: Introduced in House