On March 12, the Ranking Member of the House Energy and Commerce Committee Rep. Henry Waxman (D-CA), Rep. Earl Blumenauer (D-OR), Sen. Sheldon Whitehouse (D-RI), and Sen. Brian Schatz (D-HI) released a draft bill that would effectively create a carbon tax based on greenhouse gas emissions reporting. The draft bill contains alternative prices of $15, $25, and $35 per ton and a range of annual increases from two percent to eight percent. The members are seeking feedback on their proposal and requested comments by April 12.