Subtitle B: Early Action - (Sec. 3201) Requires the Administrator, within two years, in recognition of actions taken since January 1, 1994, that resulted in verified and credible reductions of GHG emissions, to allocate to owners or operators of covered facilities and other facilities that emit GHGs: (1) 5% of the emission allowances established for 2012; (2) 4% of the emission allowances establis