Kerry-Lieberman: the contents

According to its authors, the American Power Act will transform U.S. economy, set the country on the path toward energy independence and improve air quality. In addition, it will create millions of new jobs and it will launch U.S. into a position of leadership in the global clean energy economy.
The following sections describe how the new bill will seek to achieve these objectives.

Overall structure:
create a cap-and-trade system for the electricity sector in 2013 initially, with the industrial sector phased in 2016, with linked refinery cap, plus consumer rebates, support for state-level renewable electricity and energy efficiency standards as well as energy investments.

The Kerry-Lieberman - compromise - Bill

The American Power Act, unveiled on Wednesday by Senators Kerry and Lieberman, outspokenly aims at being a compromise bill. When the Democratic effort to take up the Kerry-Boxer Senate legislation (also known as CEJAPA) stalled after the bill passed out of committee, the "tri-partisan" group of Senators John Kerry (D), Lindsey Graham (R), and Joe Lieberman (I) set out to write a comprehensive bill they believed could secure 60 votes on the Senate floor and achieve the three administration’s main goals: green jobs, green technology and green exports.

US: Senators Kerry and Lieberman released climate bill proposal

As announced last week, Senators John Kerry (D) and Joe Lieberman (I) today unveiled the American Power Act (APA), a Senate bill aiming at gathering bipartisan support.
This is a long-awaited bill. Senators J. Kerry and Lindsey Graham (R) formally announced their commitment to work on comprehensive clean energy and climate legislation on October 11, 2009, while Senator J. Lieberman joined this effort two months later. The climate bill aims to tackle climate change with a more comprehensive approach, capitalizing on “a growing and unprecedented bipartisan coalition from the business, national security, faith and environmental communities” which drafted the text in previous months.
While the 987-pages Kerry-Lieberman plan (of which a 4- page summary is available) calls for a 17% reduction in carbon pollution from 2005 levels by 2020 like the House-passed Waxman-Markey bill ; it differs