CQ TODAY MIDDAY UPDATE
July 31, 2007 – 2:12 p.m.
Deal Clears Way For Friday House Vote on Energy Package

House leaders have brokered a compromise with energy-state Democrats on a few key provisions of a broad energy package, paving the way for a potential floor vote Friday.

The new energy package (HR 3221) is an amalgam of bills produced by 11 committees that Democrats say would increase energy efficiency, spur research and investment in new technologies, and more appropriately regulate the oil and gas industry.

Leadership aides say the 786-page bill will come to the floor Friday, along with a $16 billion tax package (HR 2776) produced by the Ways and Means Committee. The bills will be joined in a single rule Thursday but debated and voted on separately on the floor, according to a spokesman for House Speaker Nancy Pelosi, D-Calif.

Responding to pressure from Democrats representing energy-producing states, Pelosi and Natural Resources Chairman Nick J. Rahall II, D-W.Va., agreed to drop or amend several provisions from a bill (HR 2337) affecting utilities and the oil and gas industry.

With those negotiations settled, the biggest remaining issues are potential amendments over new fuel efficiency standards for automobiles and a federal mandate for renewable electricity.

Source: CQ Today Midday Update
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