Barbara Boxer

The Senate will introduce on Sept. 30 its companion bill to the Waxman-Markey climate change legislation that has already passed the House of Representatives. Both bills rely on 'cap & trade' to meet their greenhouse gas emission reduction targets.

Back in September, we reported that the trust fund had to receive an $8 billion bailout. Reuters reports that a second bailout is required to prevent the fund from going broke by August. Sen. Boxer indicates she supports indexing the gas tax.

Boxer is chair of the Senate Environment and Public Works Committee, which is responsible for writing much of the language in the bill. Progressives are concerned that she won't deliver on their agenda of reform.

"Moving Ahead for Progress in the 21st Century", or MAP-21, follows the path of predecessors SAFETEA-LU, TEA -21, and ISTEA. In this press release by the Senate Committee on Environment & Public Works, Chairman Barbara Boxer of CA launches the bill.