American Clean Energy And Security Act Of 2009

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Dictionary Says

Definition of 'American Clean Energy And Security Act Of 2009'

A piece of legislation that was created in an attempt to establish an economy-wide climate and energy policy to help address the issue of climate change. The U.S House of Representatives passed the act on June 26, 2009, by a vote of 219 to 212.
Investopedia Says

Investopedia explains 'American Clean Energy And Security Act Of 2009'

The American Clean Energy and Security Act of 2009 is also known as the Waxman-Markey bill after committee chairman Henry Waxman and Rep. Edward Markey. The legislation aims to create a greenhouse gas cap-and-trade system along with various other measures to help the U.S move toward a clean energy economy.

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