Energy Bill Passes House, But Veto Threat Looms

Law360, New York (December 6, 2007, 12:00 AM EST) -- In a move that drew vocal disapproval from the White House, the U.S. House of Representatives passed an energy bill Thursday that calls for a 40% increase in fuel economy standards by 2020 and would roll back billions in tax breaks for oil and gas companies to fund renewable energy.

The Energy Independence and Security Act passed the House 235-181. If it is signed into law, it will be the first time in three decades that Congress has mandated higher fuel efficiency standards for cars and...
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