The chairman of a House panel overseeing climate change legislation said Monday that he hopes to have a bill ready to go to the House floor next week.
Rep. Henry Waxman, D-Calif., who heads the Energy and Commerce Committee, said that he hopes to reach an agreement with Rep. Colin Peterson, D-Minn., on a cap and trade program to regulate carbon dioxide agreement swiftly.
Waxman's committee and the tax-writing Ways and Means committee had primary responsibility for the measure, but Peterson, citing concerns with provisions of the bill that might affect farmers, also asserted his committee's jurisdiction over the bill.
Waxman, who is one of the authors of the bill, said his self-imposed deadline for getting a deal Peterson and other House moderates who agree with him is tomorrow.
"We want to work out those issues," Waxman said. "We want them with us."
He added, "It'll be on the floor next week."
But Rep. Lee Terry, R-Neb., who also sits on the committee, told RTTNews in an interview that he doubts there will be many significant changes to the bill.
"My impression is they're going to keep the language pretty close to what came out of the committee," he said.
Terry added that whatever changes Peterson was able to force would not likely be enough to draw any significant level of support from House Republicans.
"There's always going to be a few," he said. "But to get anything significant, I really doubt it."
He added, "The whole concept of lets take money from industry, allow them to continue to emit CO2 and then force them to capitalize … makes no sense and you're not going to get a lot of Republicans to buy into a scheme like that."
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