Volume 160, No. 81 covering the 2nd Session of the 113th Congress (2013 - 2014) was published by the Congressional Record.
The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
“INTRODUCING THE ``MANAGED CARBON PRICE ACT OF 2014''” mentioning the Environmental Protection Agency was published in the Extensions of Remarks section on pages E848 on May 28, 2014.
The publication is reproduced in full below:
INTRODUCING THE ``MANAGED CARBON PRICE ACT OF 2014''
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HON. JIM McDERMOTT
of washington
in the house of representatives
Wednesday, May 28, 2014
Mr. McDERMOTT. Mr. Speaker, I rise today to re-introduce legislation to establish a carbon tax on fossil fuels. Earlier this month, the Third U.S. National Climate Assessment, the most comprehensive and authoritative scientific report ever generated about climate change in the United States, was released, offering just the latest in dire warnings of the impact climate change is already inflicting on our planet. This is not an abstract notion for future generations to cope with and address; it is happening now and will only get worse with inaction.
I am re-introducing this legislation to continue the serious discussion on climate change that has long been overdue. With extreme weather events becoming more common, every corner of the United States is already grappling with the effects of climate change. As the problem grows more urgent, businesses and even the U.S. military are recognizing the very real costs associated with doing nothing. President Obama's Climate Action Plan underscores the need to address this issue, and with the U.S. Environmental Protection Agency releasing its climate rule for existing power plants next week, I am pleased to see the discussion turning into action.
My legislation, the Managed Carbon Price Act of 2014, places a price on carbon emissions that would increase over time, which would in turn create a market incentive to reduce emissions. The proceeds from this legislation go into a newly-created Energy and Economic Security Trust Fund where 100 percent of the revenue goes back to the public to offset any price increases. This bill is good for the environment and good for business. The legislation recognizes and incentivizes the market for green technologies and innovation and levels the playing field for companies already investing in sustainable business practices. By putting a price on carbon we are setting the stage to export these technologies worldwide.
We owe it to ourselves and to our children to do more than just watch idly as droughts, floods, sea ice melt, ocean acidification, rising sea levels and other effects of climate change continue to take their toll. This legislation is a small step toward meeting this commitment. I urge my colleagues to support this legislation.
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