PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Environment and Public Works.
Congressional Research Service
Version 00 · Introduced in Senate · Feb 10, 2005
Climate Stewardship Act of 2005 - Expands Federal climate change research initiatives by: (1) establishing a graduate fellowship program; (2) requiring a study of technology transfer barriers, best practices, and outcomes; (3) requiring a report on the effects of the Kyoto Protocol absent participation by the United States; (4) creating a grant program for research in identified priority areas; (5) instituting research programs on potential abrupt climate change and greenhouse gas (GHG) related standards, measurement technologies, and processes; (6) requiring research on the impact of climate change on low-income populations; (7) authorizing a program to promote the use by small manufacturers of GHG-reducing technologies; and (8) establishing a Climate Change Education and Outreach Initiative Program for agriculture.
Requires the Administrator of the Environmental Protection Agency (Administrator) to establish a National Greenhouse Gas Database consisting of: (1) an inventory of GHG emissions by covered entities (specified entities that emit more than 10,000 metric tons of GHGs per year); and (2) a registry of GHG emission reductions and increased sequestration, applicable to both covered and noncovered entities.
Establishes a program for the market-driven reduction of GHGs by covered entities through the use of tradeable emissions allowances. Requires covered entities, beginning in 2010, to submit to the Administrator one tradeable allowance for every metric ton of GHGs emitted. Allows tradeable allowances to be sold, exchanged, purchased, retired, or otherwise used as authorized by this Act.
Showing the opening paragraphs of the official summary.
Establishes the Climate Change Credit Corporation (CCCC) to receive, manage, buy, and sell tradeable allowances.
Directs the Administrator to make allocations of allowances to covered sectors and entities, and to the CCCC, providing initial allocations for early action and accelerated participation.
Imposes civil penalties on covered entities that fail to submit allowances.
People & committees
Sen. McCain, John [R-AZ] · R–AZ
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Read twice and referred to the Committee on Environment and Public Works.
Sponsor introductory remarks on measure. (CR S1263-1267)
Introduced in Senate
Primary sources
Text links open the official source. We currently store references to these documents.
Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
AI Conversation Starters
Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.
Analyze S.342 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine S.342 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine S.342 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine S.342 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.