What is the so talked Waxman-Markey bill?

Chairman Henry A. Waxman of the Energy and Commerce Committee and Chairman Edward J. Markey of the Energy and Environment Subcommittee drafted a clean energy legislation in March 2009 that had certain very important subject matters addressed. The Bill claimed that it will create jobs, help end the US's dependence on foreign oil, and fight and tackle global warming.

This began to be known as The American Clean Energy and Security Act. The legislation itself had four titles:

Clean Energy: Renewable Energy Sources promotion, low-carbon fuels, clean electric vehicles, the smart grid and electricity transmission, and carbon capture and sequestration technologies, ;
Energy Efficiency: Increasing energy efficiency across all sectors of the economy, including transportation, appliances, buildings, and industry;
Global Warming: Limiting emissions of heat-trapping pollutants; and
Transitioning: Transition to a clean energy and in the process create green jobs and protect interests of U.S. consumers and industry.

The above bill seems to be all positive and encouraging as it seems, however, recently some Texas businesses have shown worries and have felt uncertain about climate change bill. These business are the Airlines, Ranch owners in Texas etc.

Some business like the Railroad giant BNSF Corp., based in Fort Worth feel that the bill is too complex. John Fainter, the president of the Texas Association of Electric Companies has indicated worries about the bill too. His organization is of the belief that the bill is "certain to mean higher costs for consumers."

Whether the Waxman Markey Bill would successfully address the concerns of these troubled businesses is yet to be seen.