WASHINGTON, D.C. – Commerce Committee Chairman Daniel K. Inouye (D-Hawaii) delivered the following statement today on the floor of the U.S. Senate just before passage of the Energy Independence and Security Act of 2007.
“Mr. President, I rise today in support of the Renewable Consumer and Energy Efficiency Act of 2007. After months of constructive negotiations, we have successfully crafted thoughtful and rich bipartisan agreement, particularly in Title I, otherwise known as the ‘Ten-in-Ten’ Fuel Economy Act. Title I would mandate an increase in automobile fuel economy to a nation-wide fleet average of 35 miles per gallon by 2020. In addition, the Department of Transportation would adopt fuel economy standards for medium and heavy duty commercial vehicles for the first time.
“Today’s agreement marks historic progress: This is the first statutory increase in fuel economy standards for cars since 1975. Reducing our dependence on foreign oil is of vital importance to our national security, economic stability, and consumer welfare; the Ten-in-Ten Fuel Economy Act is a major step forward in achieving these goals.
“Title I of the bill will save approximately 1.1 million barrels of oil per day in 2020, equal to one half of what we currently import daily from the Persian Gulf. By the year 2020, the legislation will save consumers approximately $22 billion at the pump and prevent approximately 200 million metric tons of greenhouse gases from polluting our environment each year. By dramatically reducing greenhouse gas emissions by 2020, Title I would demonstrate to the world that America is a leader in fighting global warming.
“Legislation of this magnitude could have only been achieved through the hard work of a coalition of Members. In this case, without Senators Feinstein, Stevens, Snowe, Kerry, Dorgan, Lott, Carper, Boxer, Durbin, Alexander, Corker, and Cantwell, the agreement would not have been reached.
“In particular, I wish to congratulate Senator Feinstein on her efforts in developing this bill. Her dedication over the years has led to a public policy that very few thought possible. I would also like to praise the efforts of my good friend Senator Stevens, who was instrumental in forging the compromise before us. I also would like to thank Chairman Dingell and Senators Levin and Stabenow for their hard work and willingness to achieve an agreement that aggressively improves fuel economy while protecting domestic automobile manufacturing and U.S. workers. The American automaker and autoworker have no better champions.
“In addition, the tireless efforts of groups dedicated to conservation and improving national security were vital to enacting this legislation. Of special note is the support of a non-partisan group of business executives and retired senior military leaders concerned about global energy security, known as Securing America’s Future Energy (SAFE). I am grateful for the support and hard work of its leaders Frederick W. Smith and General P.X. Kelley, as well as Robbie Diamond, who served as their liaison. The Union of Concerned Scientists, David Friedman in particular, provided significant technical support and advocacy for the Ten-in-Ten Fuel Economy Act.
“Finally, Mr. President, I would like to express my appreciation to all the hard working members of the staff who worked to make this historical legislation a reality. In particular, I would like to commend David Strickland, Alex Hoehn-Saric, Mia Petrini, and Jared Bomberg of my Commerce Committee staff for a job well done.
“The importance of this legislation cannot be underestimated. During the Arab oil embargo in 1973, Americans suffered the first devastating effects of our addiction to oil. Born out of this embargo, Congress put in place a fuel economy program that nearly doubled the gas mileage of cars from 1975 to 1985. Passage of this bill will ensure that our nation’s energy priorities start moving in the right direction again.
“Higher fuel economy standards will wean the country of its oil addiction, put billions of dollars of savings back into our domestic economy, and significantly reduce greenhouse gas emissions.
“A diverse group of constituencies support the Ten-in-Ten Fuel Economy Act, from environmentalists to automotive workers and automakers. While it sets forth aggressive standards, the Act also recognizes the challenges faced by the auto industry and ensures that those concerns will be addressed. Providing flexibility to the automotive industry, the sponsors of these fuel economy provisions have worked together in a bipartisan manner to ensure that automakers have the tools they need to meet the requirements enumerated in the Act. The Ten-in-Ten Fuel Economy Act directs the Secretary of Transportation to create two fuel economy curves, one for passenger cars and one for light trucks.
This change from the Senate–passed bill provides the certainty that American automakers, auto workers, and car dealers requested, but the Act still requires that the combined car and light truck fleet meet a fuel economy standard of at least 35 miles per gallon by 2020.
“Our actions today will improve national security, create jobs, help consumers, and protect the environment. At times it is the government’s responsibility to balance conflicting interests. Today, I believe we found that balance.”