Representative John Dingell (D-Mich.) reportedly told steel industry officials recently that he intends to introduce a climate change legislation with a cap-and-trade system by mid April of this year. Dingell and Representative Rick Boucher (D-Va.), the chairman of the Energy and Air Quality Subcommittee, reportedly stated that they want to offer a bill for President Bush to sign that would be an economy-wide regulatory system. To meet this deadline would be incredibly ambitious to address the wide-ranging interest groups and their concerns with the costs such legislation would impose on their industries.
In the other house of Congress, the Senate has already passed the Lieberman-Warner Climate Security Act out of the Senate Environment and Public Works Committee. This bill may be debated in the Senate soon as well.
