The pace of Congressional deliberations on energy and climate change picked up in April 2009. Key House leaders released draft legislation and the Senate passed language restricting the spending of any revenues generated by any cap-and-trade program if the issue of climate change is considered as part of the budget bill instead of being advanced as free-standing legislation. This is significant because free-standing measures require 60 votes and are susceptible to Senate filibusters whereas the budget process requires only 50 votes.
The far-reaching House bill released by Energy and Commerce Committee Chairman Henry Waxman (D–CA) and Energy and Environment Subcommittee Chairman Edward J. Markey (D–MA) includes several provisions of interest to apartment firms. NAA/NMHC have prepared an analysis of the Waxman-Markey bill and the implications it would have for member firms.
View the NAA/NMHC document on Apartment-Related Provisions of the House Energy Package