Senate Mulls Vote On 'Consumer-First' Energy Bill

Law360, New York (June 5, 2008, 12:00 AM EDT) -- In the midst of record high oil prices, the U.S. Senate began voting on Thursday on whether to consider a controversial bill that would provide energy price relief to consumers and create a tax on “windfall profits” of major oil companies.

The Consumer-First Energy Act of 2008 was unveiled last month by Senate Majority Leader Harry Reid (D-Nev.), Jeff Bingaman (D-N.M.), Max Baucus (D-Mont.), Charles Schumer (D-N.Y.), Byron Dorgan (D-N.D.), Maria Cantwell (D-Wash.) and Bernie Sanders (D-Vt.).

The act would create a tax on the profits...
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