(D-Mass.) helms the Select Committee for Energy Independence and Global
Warming while Waxman (D-Calif.) is chairman of the Energy and Commerce
Committee. Their legislation contained a sweeping cap-and-trade system to limit
Senate's bill will likely include a limited cap-and-trade system
combined with other strategies to bring down emissions levels.
The three senators wrote the bill with the hope of attracting enough support to break a GOP filibuster of the measure.
Senate Majority Leader Harry Reid (D-Nev.) has called on the senators to release the bill quickly with the hope of bringing it to the floor by July 4.
Cross-posted from the Twitter Room