Bill Seeks Oversight Panel For Cap-And-Trade Cash

Law360, New York (April 29, 2009, 12:00 AM EDT) -- Rep. Paul Hodes, D-N.H., has unveiled a plan for the creation of an oversight commission to keep tabs on the U.S. government's use of revenue that would be brought in through the proposed auction and sale of greenhouse gas emissions allowances.

Hodes introduced the Global Warming Economic Oversight Act of 2009 in the U.S. House of Representatives on Wednesday, detailing plans for a nine-member Global Warming Economic Oversight Commission and proposing guidelines for how the commission should monitor the $645 billion Hodes estimates could potentially come...
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