Energy Independence and Security Act Summary
The Energy Independence and Security Act (P.L. 110-140, H.R. 6) is an omnibus energy policy law that consists mainly of provisions designed to increase energy efficiency and the availability of renewable energy.
The highlights of key provisions enacted into law are as follows:
- Corporate Average Fuel Economy (CAFE). The law sets a target of 35 miles per gallon for the combined fleet of cars and light trucks by model year 2020.
- Renewable Fuels Standard (RFS). The law sets a modified standard that starts at 9.0 billion gallons in 2008 and rises to 36 billion gallons by 2022.
- Energy Efficiency Equipment Standards. The adopted bill includes a variety of new standards for lighting and for residential and commercial appliance equipment. The equipment includes residential refrigerators, freezers, refrigerator-freezers, metal halide lamps, and commercial walk-in coolers and freezers.
- Repeal of Oil and Gas Tax Incentives. The enacted law includes repeal of two tax subsidies in order to offset the estimated cost to implement the CAFE provision.
The two most controversial provisions of H.R. 6 that were not included in the enacted law were the proposed Renewable Energy Portfolio Standard (RPS) and most of the proposed tax provisions, which included repeal of tax subsidies for oil and gas and new incentives for energy efficiency and renewable energy.
Source: Congressional Research Service report prepared for Congress [Click here to download the full summary as a PDF]
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