Negotiations have continued between House Democrats resulting in a more 'industry friendly' bill. The 2020 target of 20% below 2005 levels has been reduced to 17%. However, the long term goal of reducing emissions 83% below 2005 levels by 2050 remains unchanged. With regard to allowances, 35% will be allocated for free to the power sector based on retail sales and historical emissions. By 2030 all allowances would be auctioned.