WA People
BILL · 2023–24 SESSION

HB 2249: CCA market impacts

Ensuring transparency regarding the impacts of allowing general market participants, including financial speculators, to participate in climate commitment act markets.

Summary

  • Requires the Washington State Institute for Public Policy to periodically publish and submit a report to the Legislature quantifying the cost impacts to allowance prices under the Climate Commitment Act attributable to the acquisition and sale of compliance instruments by general market participants (GMPs).
  • Requires the Department of Ecology to publish reports on its website regarding GMP activities at the conclusion of each allowance auction and each compliance period.

From the House Bill Analysis 2024 (HB 2249), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 9, 2024
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Mary Dye (R-9)
Introduced
January 9, 2024 in the House
Last action
January 9, 2024
Budget
Has a fiscal note

AN ACT Relating to ensuring transparency regarding the impacts of allowing general market participants, including financial speculators, to participate in climate commitment act markets;

Sponsors

Prime sponsor: Mary Dye (R-9)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Environment & Energy.

HB 2249 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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