According to several sources, the U.S. House of Representatives plans to vote on the American Clean Energy & Security Act this week. Key provisions of the bill encompass a reduction in greenhouse gases by 17% from 2005 levels within the next decade (to 2020). The bill also calls for a 15% nationwide renewable electricity standard by 2020. Representative Waxman, the bill’s author, has been forced to make some last minute concessions to farm state Democrats to allow a vote on the bill. If passed on Friday, the U.S. Senate would then take up consideration of the bill. The Obama Administration has announced that it would prefer to have a bill passed and signed into law before the next major UN climate conference in Copenhagen in December 2009, according to the Simmons Morning Report for June 24.