Global Warming Reduction Act

Background
The Global Warming Reduction Act of 2007 (S.485) was introduced on February 1, 2007 by Sens. John Kerry (D-Mass.) and Olympia Snowe (R-Maine) to "to amend the Clean Air Act to establish an economy-wide global warming pollution emission cap-and-trade program to assist the economy in transitioning to new clean energy technologies, to protect employees and affected communities, to protect companies and consumers from significant increases in energy costs, and for other purposes." The bill was referred to the Senate Committee on Finance and also gained Sen. Edward Kennedy (D-Mass.) as a co-sponsor.

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