Why 4/5: It mandates the creation of a significant carbon emissions reduction program and funding mechanism.
This bill would direct state agencies to establish a market-based trading program to reduce carbon dioxide emissions from electricity generating units, similar to the Regional Greenhouse Gas Initiative. This program would impact the operational costs and emissions of power plants, while also generating funds for clean energy and community flood preparedness initiatives.
Update
Placed on Calendar
First reading
Read first time
Referred to committee
Referred to Committee on Agriculture, Chesapeake and Natural Resources
Cleared committee
Reported from Agriculture, Chesapeake and Natural Resources (15-Y 7-N)
Second reading
Read second time
Third reading
Read third time
Passed a chamber
Passed House (64-Y 35-N 0-A)
Enrolled
Enrolled
Passed a chamber
Bill text as passed Senate and House (SB802ER)
This bill has passed its votes and is headed to the Governor's desk. You still have a say — the Governor's office reads messages before deciding whether to sign.
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Summarized from the official bill text (“Clean energy and community flood preparedness; market-based trading program.”) · Read the actual bill →
Update
Fiscal Impact Statement from Department of Planning and Budget (SB802)
Passed a chamber
Signed by Speaker
Passed a chamber
Signed by President
Enrolled
Enrolled Bill communicated to Governor on March 10, 2026
Sent to the Governor
Governor's Action Deadline 11:59 p.m., April 13, 2026
Signed into law
Approved by Governor-Chapter 921 (effective 7/1/2026)