The House of Representatives passed a major climate change bill today, perhaps signaling a significant advance in the country's energy policy debate.
"Today the House of Representatives took historic action with the passage of the American Clean Energy and Security Act," President Obama said in praise of the bill's passage. "It's a bold and necessary step that holds the promise of creating new industries and millions of new jobs, decreasing our dangerous dependence on foreign oil."
"Now it's up to the Senate to take the next step," he added.
Supporters this evening claimed the bill would combat global warming and give a much needed overhaul to U.S. energy policy. But opponents portrayed it as the wrong bill at the wrong time, adding that it was far outside what mainstream Americans wanted and predicting it would drive jobs to other countries.
The bill passed with a 219 to 212 vote after Democrats scurried to bring it to a vote today before the July 4 congressional recess. In a sign of how close they anticipated the results, Democrats called Rep. Patrick Kennedy, D-Mass., out of rehab so that he could cast his vote on the Hill.
The measure now heads to the U.S. Senate where it faces a steep uphill battle based on concerns that it will raise energy costs and put millions of Americans out of work.
President Obama spoke earlier today about the importance of the bill with reporters, and along with his chief of staff, Rahm Emanuel, and former vice president Al Gore, spent much of the day talking by phone with members of Congress to rally support for the legislation -- the biggest test of the Obama agenda since the stimulus vote in February. The "cap-and-trade" bill would mandate a nationwide system to curb greenhouse gas emissions.
"Europe, in many ways over the last several years, has moved more rapidly than the United States on addressing this issue," President Obama said today at a news conference with German Chancellor Angela Merkel.
"I'm the first one to acknowledge that the United States over the last several years has not been where we need to be," Obama said. "We're not going to get there all in one fell swoop. But I'm very proud of the progress that's being made, and I think that the energy bill that's being debated in the House is an example of that progress."
According to the legislation, companies like power plants would be permitted to emit only a certain amount of the gases. The idea is that in sum those companies would emit less carbon dioxide than is currently released. Each company's allotted emissions amount could be traded, bought and sold with other companies -- so long as the country's overall greenhouse gas emissions goes down.
It then got back to considering the ramifications of the massive bill, about 1,400 pages, that would require the U.S. to reduce greenhouse gas emissions by 17 percent below 2005 levels by 2020.
Today House Republican Leader John Boehner called the bill "a bureaucratic nightmare." He attempted the House-version of a filibuster to slow down the process by reading the entire bill. Technically, he has the right to do so before a vote can be held.