Senate Panel OKs Hike In Fuel Economy Standards

Law360, New York (May 8, 2007, 12:00 AM EDT) -- A bill to hike the country’s fuel economy standards from cars and light trucks, which includes a measure to ban price-gouging at the gas pump, has cleared its first hurdle, passing the Senate Commerce Committee.

The bill would raise the standards specified in the 1975 Corporate Average Fuel Economy (CAFE) law up to 35 miles per gallon for cars and light trucks in the next 10 years. The economy standards of medium and heavy duty trucks, meanwhile, would go up by 4% every year. After 2020,...
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