This is a summary of S.2191 Manager’s substitute amendment released on May 21, 2008. The substitute reflects a substantially revised version of S.2191. This summary is not exhaustive but does cover nearly all sections of the bill. It is divided into relevant cap and trade design element categories with references to appropriate sections.

Executive Summary

  • Caps, Coverage and Compliance
  • Market Oversight and Structure
  • Cost Containment
  • Allowance Value Distribution
  • International Engagement and Competitiveness
  • State and Regional Programs
  • Complementary Policies
  • Appendix: Allowance Distribution Table