The climate change bill—titled "The American Clean Energy and Security Act of 2009" and crafted by Henry Waxman (D-Calif) and Edward Markey (D-Mass.)—has passed out of committee and is being readied for the House floor.
The bill has significant components dedicated to energy innovation and clean energy technology development and deployment.
In this week's edition of the Scouting Report live web chat, Brookings policy expert Mark Muro and Politico senior editor Fred Barbash discussed how the legislation is more than just a cap-and-trade bill. Muro welcomes the bill's current innovation investments but contends they need to get much larger.