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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.