Explanation of Bill: American Innovation and Manufacturing Act of 2019
Summary of the Bill: American Innovation and Manufacturing Act of 2019
The American Innovation and Manufacturing Act of 2019 aims to create jobs and drive innovation and economic growth in the United States by supporting and promoting the manufacture of next-generation technologies, including refrigerants, solvents, fire suppressants, foam blowing agents, aerosols, and propellants.
Key Provisions of the Bill:
- Establishes production and consumption baselines for regulated substances.
- Phases down the production and consumption of regulated substances over specific time periods.
- Requires monitoring and reporting of production, import, export, and consumption levels of regulated substances.
- Regulates the trading and transfer of production allowances for regulated substances.
- Introduces technology transitions and restrictions on the use of regulated substances in specific sectors.
- Promotes reclaiming and minimizes the release of regulated substances from equipment.
- Addresses international cooperation regarding the production and consumption of regulated substances.
- Delegates authority to the Environmental Protection Agency for implementation and enforcement.
This bill emphasizes the importance of transitioning to environmentally friendly technologies, promoting economic growth, and ensuring the safe and responsible management of regulated substances in various industries.