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Thursday
19Nov2009

Senate Banking Committee Begins Markup of Financial Regulatory Reform Legislation

The Senate Committee on Banking, House and Urban Affairs began its markup of legislation reforming federal regulation of the U.S. financial system. Under consideration is a proposal put forward by the panel's Chairman, Senator Chris Dodd of Connecticut. A summary of the proposal can be found here. The full text of the Committee Print being used as the text for purposes of the markup can be found here. While the Committee's Republican Members are opposed to the legislation as it now stands, the Ranking Member, Senator Richard Shelby of Alabama, pledged to work with Dodd in an effort to develop a bi-partisan proposal, indicating that he was in agreement with "about 70 percent" of the legislation. Chairman Dodd's opening statement can be found here

Wednesday
18Nov2009

Senate Energy Committee Examines International Aspects of Climate Change

On November 17, 2009 the Senate Energy and Natural Resources committee held a hearing to explore the international aspects of global climate change.

In his opening statement Chairman Bingaman (D-New Mexico) stated the committee’s intent to use the hearing to learn how U.S. domestic efforts would fit in with global efforts to reduce greenhouse gas emissions. He expressed concern that U.S. agencies involved in the promotion of clean technologies lack a unified approach to guide their efforts and his belief that the development of a robust domestic clean technology industry would be vital to ensuring competitiveness in the world market. A link to Chairman Bingaman’s statement can be found here. Ranking member Murkowski (R-Alaska) stressed the need for a global solution to the reduction of greenhouse gas emissions. She indicated that Congress should develop a carbon reduction policy and program that the rest of the world will want to follow and one that shows other countries carbon emissions can be reduced while sustaining economic growth. A link to Ranking Member Murkowski’s statement can be found here.

Testimony was provided by the Council on Foreign Relations, Climate Advisers, The Institute for the 21st Century Energy, The Carnegie Endowment for International Peace, and The National Foreign Trade Council. A link to the testimony of each witness and an archived web cast of the hearing can be found here.

Monday
16Nov2009

Bingaman Discuses Future of Nuclear Energy

"The importance of nuclear energy becomes apparent as we move into a world which puts a price on carbon because nuclear energy production has very low carbon dioxide emissions," according to Senate Energy Committee Chairman Jeff Bingaman (D-NM).

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Monday
16Nov2009

Energy & Water Appropriations Bill Conference Report

The Conference Committee on the Energy & Water Development Appropriations for fiscal year 2010 has approved the conference report. Click through for more informaiton.

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Thursday
12Nov2009

Senate Energy to Hold Hearing on Climate Change

The Senate Energy and Natural Resources Committee will hold a hearing on the international aspects of global climate change on November 17.  No witnesses have been scheduled at this time.