H.R. 5049: Keep America Competitive Global Warming Policy Act of 2006

109th Congress · introduced 2006-03-29 · Environmental Protection · Latest: Referred to the Subcommittee on Education Reform.

federal

Follow this bill, step by step

Where it came from: introduced 2006-03-29 · official record
Who proposed it: Rep. Udall, Tom [D-NM-3] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Subcommittee on Education Reform. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Keep America Competitive Global Warming Policy Act of 2006

Plain summary

Keep America Competitive Global Warming Policy Act of 2006 - Requires the Administrator of the Environmental Protection Agency (EPA) to issue regulations to establish a system for: (1) issuing, recording, and tracking greenhouse gas emission allowances; (2) measuring carbon that will be produced by covered fossil fuels; and (3) measuring greenhouse gases in carbon equivalents. Directs the Administrator to issue annually, maintain a registry of, and assign unique serial numbers to allowances based on the estimated emission matching allowances required to be transferred to the Administrator, before activities may be conducted, by: (1) importers of refined petroleum products or coal; (2) owners and operators of natural gas pipelines, natural gas processing plants, oil refineries, coal preparation plants, or coal mines; and (3) persons selling or disposing of other covered fossil fuels, greenhouse gases, or products processed through an agricultural, industrial, or manufacturing process that emits a greenhouse gas. Allows a person to sell or exchange an allowance to any other person. Requires the Administrator to allocate specified percentages of allowances: (1) to the Secretary of Energy to establish the Advanced Research Projects Agency-Energy to implement an innovative energy research and technology development and deployment program; (2) to the Secretary of State for investing in and providing assistance for low-emission policies, technologies, and projects in developing countries; (3) for distribution to specified industry sectors to offset their losses of profits that are directly attributable to this Act; (4) to the states for grants to help individuals who have lost their jobs due to this Act, for grants to assist communities that demonstrate economic loss due to this Act, and for low-income home energy assistance; and (5) to the Treasury. Requires the Secretary of the Treasury to offer an unlimited number of allowances for sale at a safety valve price, which the Secretary shall increase after the President accepts a certification by the Secretary of State that the five developing countries with the most greenhouse gas emissions are enforcing policies and programs comparable to those established pursuant to this Act. Sets forth a civil penalty for entities that do not transfer the required number of allowances to the Administrator. Allows government agencies with ratemaking regulatory authority to allow an entity required to submit allowances to recover the full market value of such allowances. Directs the Administrator to: (1) review and approve appropriate domestic sequestration project proposals that will result in a measurable reduction in greenhouse gas emissions; and (2) issue allowances based on the amount of greenhouse gas sequestered.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Keep America Competitive Global Warming Policy Act of 2006

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Udall, Tom [D-NM-3] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-109hr5049.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/109/hr>

Record fed-us-cong109-hr5049 · catalog fed-us-congress-bills-cong109 · updated 2026-11-15 by psicol fed-bills-cong109