Greenhouse Gas Accountability Act of 2007

To require large publicly traded companies and significant emitters of greenhouse gases to report their emissions to the Environmental Protection Agency, and for other purposes.

6/11/2007--Introduced.
Greenhouse Gas Accountability Act of 2007 - Requires the Administrator of the Environmental Protection Agency (EPA) to establish a program to require specified entities (including any significant greenhouse gas (GHG) emitter and any entity with annual revenues exceeding $10 million that is engaged in the business of automobiles, aerospace and defense, chemicals, construction materials, electric utilities, energy equipment and services, oil, gas, and consumable fuels, metals and mining, paper and forest products, or transportation) to report annually to the Administrator on their GHG emissions. Sets forth program design requirements, including that it be consistent with the standards, protocols, and principles of the Climate Registry and the California Climate Registry.
Authorizes an entity to report offsets and sequestration projects to mitigate its GHG emissions.
Requires the Governmental Accountability Office (GAO) to report on entities' compliance and on whether the regulations are effective in inventorying GHGs. Provides for penalties for noncompliance.
Requires the Administrator to establish a public website containing a national GHG emissions database.
Directs the Securities and Exchange Commission (SEC) to:
(1) revise its regulations under the Securities Exchange Act of 1934 to require that certain annual reports filed by issuers of securities contain specified information concerning GHG emissions; and
(2) issue an interpretive release clarifying, for purposes of specified regulations, that U.S. commitments to reduce emissions of global warming pollution under the United Nations Framework Convention on Climate Change, May 9, 1992, are considered to be a material effect and that global warming constitutes a known trend.


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Sponsor

• Rep. Eliot Engel [D, NY-17]
• and 9 Co-Sponsors
  • Rep. Howard Berman [D, CA-28]
  • Rep. Raul Grijalva [D, AZ-7]
  • Rep. Maurice Hinchey [D, NY-22]
  • Rep. Michael Honda [D, CA-15]
  • Rep. Patrick Kennedy [D, RI-1]
  • Rep. James Moran [D, VA-8]
  • Rep. Fortney Stark [D, CA-13]
  • Rep. Edolphus Towns [D, NY-10]
  • Rep. Lynn Woolsey [D, CA-6]
  close

Committees

• House Financial Services
• 3 more
  • House Energy and Commerce
  • House Energy and Commerce
  • House Financial Services
  close

Amendments

This bill has no amendments.

Amendments to H.R.2651

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
June 11, 2007

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All Bill Actions

• Jul 17, 2007: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
• Jun 11, 2007: Referred to House Financial Services
• Jun 11, 2007: Referred to the Subcommittee on Energy and Air Quality.
• Jun 11, 2007: Referred to House Energy and Commerce
• Jun 11, 2007: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
• Introduced on Jun 11, 2007.

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Related Issue Areas:

• Air pollution
• Administrative procedure
• Aerospace industries
• Air pollution control
• 45 more
• Armed forces
• Automobile industry
• Building materials
• Business
• Business records
• Chemical industries
• Climate change
• Congress
• Congressional investigations
• Congressional reporting requirements
• Construction industries
• Data banks
• Defense industries
• Defense policy
• Electric utilities
• Electronic government information
• Energy
• Energy industries
• Environmental Protection Agency
• Environmental protection
• Executive departments
• Finance
• Fines (Penalties)
• Foreign policy
• Forest products
• Gas industry
• Government information
• Government paperwork
• Government publicity
• Greenhouse gases
• Independent regulatory commissions
• Information disclosure (Securities law)
• International affairs
• Iron and steel industry
• Law
• Mines and mineral resources
• Natural resources
• Paper and paper products
• Petroleum industry
• Securities and Exchange Commission
• Technology
• Telecommunication
• Transportation
• Treaties
• United Nations

Data from the Congressional Research Service

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Blog Coverage

March 20, 2008 EPA Bucks White House and Plans for Registry on Greenhouse Gases ...

Eliot Engel☼ (D-NY) introduced the Greenhouse Gas Accountability Act of 2007 (HR 2651), requiring all publicly traded companies to report their emissions to both EPA and in financial reports to the Securities and Exchange Commission. ...

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Source: Global Warming - The Financial, Human and...

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June 10, 2007 Bill Introduced: HR2651 Greenhouse Gas Accountability Act of 2007

To require large publicly traded companies and significant emitters of greenhouse gases to report their emissions to the Environmental Protection Agency, and for other purposes.

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Source: Open Congress : Capital Markets, Insurance...

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June 10, 2007 HR 2651, To require large publicly traded companies and ...

HR 2651 would require large publicly traded companies and significant emitters of greenhouse gases to report their emissions to the Environmental Protection Agency....

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