This is an archived story. The information and any links may no longer be accurate.

04/11/2008 07:40 AM

U.S. Climate Bill To Be Deficit-Neutral

SustainableBusiness.com News

Senators Barbara Boxer (D-CA), Joseph Lieberman (ID-CT), and John Warner (R-VA) unveiled legislative language that, according to the Congressional Budget Office, ensures the Lieberman-Warner Climate Security Act (S.2191) will impose no cost on the federal government.

In a letter to the Congressional Budget Office, the three Senators have committed to including the new language in S.2191 when the bill is brought up in the full Senate for debate this June. The Climate Security Act cleared the Senate Environment and Public Works Committee, which Senator Boxer chairs, last December.

In essence, funds will be set aside to ensure that the bill is deficit neutral.

Senator Boxer said, "The CBO's recognition that our bill as amended will be deficit-neutral is an enormous breakthrough. At the end of the day, this bill will be a boon to the economy."

Senator Lieberman said, "Our intent has always been that this climate legislation will impose no burden on the federal budget."

Reader Comments (0)

Add Your Comment

If you’re already registered with us, then just Login in to make a comment. Express your opinions and connect with others that share your ideas/concerns. If you haven’t Registered as a member yet, it's quick and easy.